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FM Pegs Gross Market Borrowing For FY22 At Rs 12 Lakh Crore
The Finance Minister has stated in the budget that the gross market borrowing target is at Rs 12 lakh crore for FY22. We will approach the market for additional Rs 80,000 crore to fund FY21 fiscal deficit, the FM stated. We hope to get back on the fiscal consolidation path by FY26, she added. The […]
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Indian Oil Corporation Ltd soars 1.77%, up for third straight session
Indian Oil Corporation Ltd is quoting at Rs 94.9, up 1.77% on the day as on 12:49 IST on the NSE. The stock is down 12.17% in last one year as compared to a 18.43% gain in NIFTY
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Textile stocks advance after FM announces setting up mega textiles parks
Shares of nine textile firms gained in trade after the central government announced plans to set up mega textile parks in India.
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Finance Minister proposes launch of national monetisation pipeline
Finance Minister Nirmala Sitharaman proposed today in her Budget speech that the government will launch a national monetisation pipeline for potential brownfield infrastructure assets. Highway infra work proposed include building 8,500-km of highways by March 2022, she noted. Powered by Capital Market – Live News
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Government to bring in LIC IPO in FY22
The Finance Minister has proposed raising the FDI cap in the insurance sector to 74% from 49% currently. Finance minister also stated that the initial public offering (IPO) of Life Insurance Corporation of India (LIC) will be out in FY22. She noted that legislative amendments to this effect will be launched in the Parliament in […]
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FM Announces Vehicle Scrappage Policy
Finance Minister Nirmala Sitharaman announced the voluntary vehicle scrappage scheme to phase out old vehicles to curb environmental pollution and oil imports. The fitness of personal vehicles will be checked after 20 years and those of commercial vehicles after 15 years. Powered by Capital Market – Live News
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Fiscal deficit pegged at 9.5% of GDP 2020-2021: FM
The unforeseen and unexpected circumstances during the pandemic led to weak revenue and high expenditure to provide relief to vulnerable sections. The government has estimated India’s fiscal deficit for the current financial year at 9.5% and has set a target at 6.8% for the financial year 2022. A fiscal deficit is a shortfall in a […]
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FM proposes 1.07 lakh crore CAPEX for railways
Finance Minister Nirmala Sitharaman proposed an allocation of Rs 1,10,055 crore towards the railways sector in her Budget speech for FY2022. She noted further that of this, Rs 1.07 lakh crore is for capital expenditure for FY22. The eastern and western dedicated freight corridors will be commissioned by June 2022 and 100% electrification of broad-gauge […]
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FDI in insurance sector proposed to be hiked to 74% from 49%: FM
The Finance Minister in the budget has proposed increasing the foreign direct investment limit in the insurance sector from 49% to 74% in the budget 2021-22. Currently, the FDI limit is capped at 49 per cent. The finance minister further stated that foreign companies will be allowed to own insurance companies subject to conditions. The […]
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FM announces infusion of Rs 20000 crore for public sector banks
The Finance Minister said the budget for 2021-22 rests on six pillars – from healthcare to infrastructure. FM announced an infusion of Rs 20,000 crore for public sector banks. The Finance Minister finally announced an establishment of Bad Bank to clean up bank balances. A new asset reconstruction and asset management company announced by the […]
