India Stock Market News Updates Today: Earlier today, Sensex rose above the psychological key level of 50,000 and Nifty neared 14,700

India cut the basic import tax on crude palm oil to 15% from 27.5%, but imposed a 17.5% \"cess\" - a separate tax - on the imports, Sitharaman said in her federal budget speech

While the government has maintained for long it does not wish to be in business in sectors that are not of strategic importance, its track record of disinvestment is patchy at best

Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021-22. The government emphasised more on healthcare, infrastructure in the Budget, while giving no particular relief for middle class in terms of income tax exemption. The Budget this year was presented under extraordinary circumstances as the country fought coronavirus pandemic. Watch the full speech.Also Read: Budget 2021: Impetus to affordable housing welcome, more needs to be done, say realtors

Finance Minister Nirmala Sitharaman proposed in the Budget to create a National Monetisation Pipeline, comprising of potential brownfield infrastructure assets

Even as government announces measures to generate demand for affordable housing among  first time buyers, real estate sector demands urgent attention on GST issue, liquidity for the industry

The government has slashed import duties on a host of steel products including stainless steel items and also revoked some of the trade remedial measures taken between 2016 and 2019 to thwart cheap imports from China

Budget 2021: In order to benefit farmers and promote domestic manufacturing, the government has also raised customs duty on cotton from nil to 10 per cent and on raw silk and silk yarn from 10 per cent to 15 per cent

The airlines in India typically take aircraft from lessors (on lease) who are based overseas. IndiGo, for instance, has over 200 planes on lease, and so is the case with other airlines like SpiceJet, GoAir, Vistara and Air India

The Budget ticked all the right boxes which would strengthen the path of recovery of the economy. This is a budget catering to all aspects of lives, livelihoods and growth, said Kotak

In February 2020 Budget, the government had estimated the subsidy bill at Rs 2,27,794 crore. However, all the budget estimates, have undergone major revisions as the country imposed strict lockdown to check the spread of COVID-19

On the currency front, the Indian rupee depreciated by 6 paise to end at 73.02 per dollar on Monday due to fiscal concerns after the government projected a higher fiscal deficit for 2020-21 and increased borrowing target in the budget

Prices of key raw materials including steel have gone up as strong demand from China at a time when most countries were under a shutdown last year created an acute demand supply gap

Budget 2021: Finance Minister says to further ease filing of returns, details of \"capital gains from listed securities, dividend income, and interest from banks, post office, etc, will also be pre-filled\"

The government has also set a five-year long fiscal consolidation path to 4.5 per cent fiscal deficit by 2025-26. This means the government expansionary fiscal stance to support the growth will continue

The 2021 Union Budget announcements that cheered investors today included hike in foreign direct investment (FDI) limit in insurance from 49% to 74%, scrappage policy for vehicles, privatisation of two nationalised banks and proposal of monetisation of assets

MEITY has ordered Twitter to block of accounts which were using #ModiPlanningFarmerGenocide hashtag and making fake, intimidatory and provocative Tweets on Saturday that was January 30, officials said

Union Budget 2021 highights: A new centrally sponsored scheme, PM Atma Nirbhar Swasth Bharat Yojana, will be launched with an outlay of about Rs 64,180 crore over six years

Of the total allocation of Rs 257.35 crore for 2021-22, Rs 178.32 crore has been earmarked for upgradation of the Lal Bahadur Shastri National Academy of Administration (LBSNAA) in Mussoorie to a centre of excellence

Union budget 2021: With this, EPF contribution no longer enjoys the Exempt-Exempt-Exempt (EEE) status, albeit for high income employees