Business

The benchmark BSE Sensex was trading up 360 points, or 0.87%, at 41,576.16, while the Nifty 50 rose 98.75 points, or 0.82%, to 12,206.65.

RBI kept GDP growth rate unchanged for the current fiscal at 5 per cent and projected a pick up in growth to 6 per cent in the next financial year.

According to experts, RBI is likely to maintain status quo on rates as well as its monetary policy stance, and to continue an accommodative stance to support growth.

The Central government on January 27 issued a preliminary information memorandum (PIM), initiating the process to divest its entire stake in the national air carrier.

Revenue Secretary Ajay Bhushan Pandey said if there is no limit, it will allow structuring of the salary into various components to lower the tax outgo.

In the new regime, 5 per cent tax is levied on an annual income between Rs 2.5 lakh and Rs 5 per cent. The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition. A 30 per cent tax is charged for income ove...

Kotak Mahindra Bank's valuation rose by Rs 1,182.02 crore to Rs 3,15,346.61 crore and that of Hindustan Unilever Limited (HUL) gained Rs 119.07 crore to Rs 4,48,895.43 crore.

Some local refiners including Indian Oil Corp and Hindustan Petroleum Corp have started making VLSFO to meet demand. The fuel, however, is not available at all Indian ports, necessitating imports.

The budget is going to promote business and ensure that markets rebound, he said after the presentation of budget by Finance Minister Nirmala Sitharaman.

The government has also asked the Reserve Bank to extend the Debt Restructuring window for MSMEs by a year to March 31, 2021.

The Union Budget 2020 also announced new tax regime and reduced the tax rate for different slabs for an individual income of up to Rs 15 lakh per annum.

The finance minister cut short her budget speech after feeling unwell.

The budget also proposed setting up of a large solar power capacity alongside the rail tracks on land owned by the railways. Redevelopment of four stations and operation of 150 passenger trains would be done through the public-private-partnership (PPP) mo...

Perishable goods like fruits, vegetables, dairy products, fish, meat need to be carried in such temperature controlled vans in order to travel long distances.

Congress chief spokesperson Randeep Surjewala said despite the hard failures of last year's Budget, Prime Minister Narendra Modi had given corporate tax cuts of Rs 1,45,000 crore.

Experts said the Budget has been below par considering investors had extremely high expectations from the government to revive the economy.