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Budget 2021 | Case of ‘wrong diagnosis and prescription’, says Congress
Congress spokesperson Manish Tewari also alleged that the budget was a "national monetisation plan -- short hand for National Sell out" and there was "no central focus in Budget".
Press Trust of IndiaFebruary 1, 2021/2:16 PM IST -
Budget Buzz: Customs duty on copper scrap cut from 5% to 2.5%, cotton duty placed at 10%
Customs duty on copper scrap is reduced from 5% to 2.5% while customs duty on cotton is hiked from 0% to 10%. The duty on raw silk and silk yarn is also raised from 10% to 15%. To support domestic manufacturing in the solar sector, the duty increased for solar inverters from 5% to 20%. […]
Capital MarketFebruary 1, 2021/1:32 PM IST -
Budget 2021 | Financialising India: Top 9 takeaways for Personal Finance
No Income Tax Return (ITR) filing for senior citizens above 75 years having pension and interest income.
Money9February 1, 2021/1:32 PM IST -
Budget Buzz: Customs duty on gold and silver cut from 12.5% to 7.5%
The finance minister Nirmala Sitharaman reduced customs duty on gold and silver from 12.5% to 7.5%. She noted that Gold and silver presently attract a basic customs duty of 12.5%. Since the duty was raised from 10% in July 2019, prices of precious metals have risen sharply. To bring it closer to previous levels, we […]
Capital MarketFebruary 1, 2021/1:31 PM IST -
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 […]
Capital MarketFebruary 1, 2021/1:23 PM IST -
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
Capital MarketFebruary 1, 2021/1:22 PM IST -
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.
Capital MarketFebruary 1, 2021/1:18 PM IST -
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
Capital MarketFebruary 1, 2021/1:17 PM IST -
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 […]
Capital MarketFebruary 1, 2021/12:50 PM IST
