Amendment to the Apprenticeship Act with a view to further enhancing apprenticeship opportunities for the youth.
“The budget looks growth oriented. Under present circumstances, the government has committed to a lot of spending, especially in the infrastructure sector," he told Money9.
Higher spending will be funded by higher borrowing which has the potential to create an upward pressure on inflation and interest rates.
Jewellers dealing in black market can save 5.5% tax (3% GST and 2.5% cess), much more than the earlier 3% tax, by undertaking cash deals.
The Finance Minister in the budget has proposed increasing the FDI limit in the insurance sector from 49% to 74% in the budget 2021-22.
Sensex ended at 48,600.61, up 2314.84 or 5.00%, while Nifty climbed 646.60 points or 4.74% to settle at 14,281.20.
Dividend earned on Real estate investment Trust (REIT) and Infrastructure Investment Trust (InvIT) will not be taxed.
Following the announcements, gold futures fell more than Rs 900 at 1.84% and is currently trading at Rs 48,430.
Nirmala Sitharaman also mentioned that the NH between Kolkata and Siliguri that runs along the length of the state of Bengal would be strengthened and broadened.