-
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
Capital MarketFebruary 1, 2021/12:48 PM IST -
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 […]
Capital MarketFebruary 1, 2021/12:42 PM IST -
Sensex rallies nearly 1,000 pts as FM presents Budget 2021
The 30-share Sensex was trading 929.54 points or 2.01 per cent higher at 47,215.31; and the broader Nifty surged 260.05 points or 1.91 per cent at 13,894.65.
PTIFebruary 1, 2021/12:39 PM IST -
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 […]
Capital MarketFebruary 1, 2021/12:38 PM IST -
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 […]
Capital MarketFebruary 1, 2021/12:29 PM IST -
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 […]
Capital MarketFebruary 1, 2021/12:19 PM IST -
Construction stocks in demand after budget outlay
Shares of seven civil construction companies gained 2% to 7% after the central government announced outlay of Rs 1.18 lakh crore For Ministry of Road Transport And Highways.
Capital MarketFebruary 1, 2021/12:11 PM IST -
Insurance stocks advance after FM proposes higher FDI limit
Shares of six insurance companies added 3% to 5% after the central government proposed to amend Insurance Act to allow higher foreign direct investment (FDI) in insurance companies.
Capital MarketFebruary 1, 2021/12:09 PM IST -
FM Proposes Setting Up A Developmental Financial Institution To Fund Long Term Infrastructure Projects
The FM has announced that a Bill will be introduced to set up a developmental financial institution or DFI to fund long-term infrastructure projects with a capital of Rs 20,000 crore. This DFI will lend Rs 5 lakh crore in the next three years, the FM said. Powered by Capital Market – Live News
Capital MarketFebruary 1, 2021/12:08 PM IST
