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Read more about Benchmarks at day's high; healthcare stocks in demand on Business Standard. In broader market, the S&P BSE Mid-Cap index was up 0.53% while the S&P BSE Small-Cap index was up 0.38%.
Barometers traded with robust gains in afternoon trade. At 12:53 IST, the barometer index, the S&P BSE Sensex, jumped 1225 points or 2.65% at 47,511.07. The Nifty 50 index surged 346.2 points or 2.54% at 13,980.45. Shares rallied after Finance Minister Nirmala Sitharaman on Monday proposed a sharp rise in capital expenditure for the next fiscal to Rs 5.54 lakh crore, from Rs 4.39 lakh crore in the current financial year. In broader market, the S&P BSE Mid-Cap index was up 0.51% while the S&P BSE Small-Cap index was up 0.41%. The market breadth was positive. On the BSE, 1587 shares rose and 11...
Read more about Total Covid-19 Relief Measures Estimated At 27.1 Lakh Crore Says Finance Minister on Business Standard. Powered by Capital Market - Live News
Shares of state-run oil marketing companies were off day's high after the Finance Minister proposed an Agricultural Infrastructure and Development Cess on petrol and diesel. Indian Oil Corporation rose 1.66% to Rs 94.85. The stock hit high of Rs 96.50 in intraday trade. Bharat Petroleum Corporation rose 0.7% to Rs 386.55 after hitting high of Rs 398 in intraday trade. Hindustan Petroleum Corporation fell 0.55% to Rs 217.50 after hitting high of Rs 222.35 in intraday trade. Finance Minister Nirmala Sitharaman's Union Budget 2021 proposed an Agricultural Infrastructure and Development Cess (...
India Budget 2021: Why the country is in dire need of tax reforms Dhirendra Tripathi/Delhi Filed on January 31, 2021 Tax compliance in India has always been abysmal. However, the Modi administration is trying to make the framework simpler and people-friendly, amid the challenges of Covid-19. Amongst the biggest challenges any Indian finance minister faces is how to mop up more revenue to fund the government expenditure on defence, social welfare, and health. It’s a country where interpretation of tax can be arbitrary and revenue leakages are high. For the current incumbent, Nirmala ...