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It has mooted data centre parks throughout the country and outlaid 8,000 crore over a period five years for the National Mission on Quantum Technologies and Applications.

Data Centre Parks to come up across country

In this regard, she proposed to bring out soon a policy to enable private sector to build Data Centre parks throughout...

2 Feb 2020 4:23 AM IST

The private healthcare sector and medical equipment manufacturers have something to cheer about this years budget.

Viability gap funding set to cheer up private health sector

The viability gap funding window will be provided to hospitals which are setting up centres in tier II and III cities.

2 Feb 2020 4:20 AM IST

The report also does well to emphasise that higher trade-to-GDP ratios are a signal of competitiveness and an entry point for coupling the Indian economy with the international economy, including through global value chains.

Near-term market volatility likely over unmet expectations

Given the constraints, the FM seemed to have been able to only partially meet some of the high expectations the market...

2 Feb 2020 4:07 AM IST

Finance minister Nirmala Sitharaman

Finance minister takes care of many concerns of MSMEs

According to the minister, more than five lakh MSMEs have benefitted from restructuring of debt permitted by RBI in the...

2 Feb 2020 4:02 AM IST

Quarter on quarter aggregate revenue of BSE 500 companies saw de-growth of 3.7 per cent from Rs 22,61,772.8 crore in January-March 2019 quarter while profit after tax saw 19 per cent growth from Rs 1,18,940.3 crore.

A balanced Budget despite several constraints

The finance minister has been more realistic by assuming nominal GDP growth of 10% for FY 21.

2 Feb 2020 3:41 AM IST

Homebuyers continued to be cautious in September quarter. Housing sales in the top seven cities declined 18 per cent against the same quarter last year. Even sequentially, September quarter sales were down 20 per cent compared to June quarter.

Affordable housing gets tax holiday

In order to ensure that more persons avail this benefit and to further incentivise the affordable housing.

2 Feb 2020 3:37 AM IST

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

Exporters all set to get tax refunds

Under the NIRVIK scheme, the insurance guaranteed could cover up to 90 per cent of the principal and interest.

2 Feb 2020 3:34 AM IST

Nirmala Sitharaman

Fiscal deficit target 3.8 per cent

The deficit target for the coming fiscal year starting April 1 was widened to 3.5 per cent.

2 Feb 2020 3:32 AM IST

But divestment department is confident with strategic sales of BPCL, Concor, Shipping Corporation of India, Air India, IDBI and LIC IPO coming.

Stiff divestment target of Rs 2.10 lakh crore to finance govt

The government has not been able to achieve the target this year so far with just Rs 18,095 crore collected so far and...

2 Feb 2020 3:29 AM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

Credit guarantee on debt for NBFCs, HFCs

The move, according to experts, would help NBFCs in the recovery process of an even smaller loans.

2 Feb 2020 3:05 AM IST

Experts said that while higher insurance cover on bank deposits should support the deposit accretion of banks, it would increase the premia cost for banks.

Budget 2020: Bank deposits insured till Rs 5 lakh

All deposits of a depositor maintained across all branches of the failed bank are insured upto Rs 1 lakh only on the...

2 Feb 2020 3:01 AM IST

IndusInd Bank was the top gainer in the Sensex pack, rising 2.68 per cent. ICICI Bank gained 2.68 per cent at close. Yes Bank, Tata Steel, SBI, TCS, L&T and Infosys also advanced. (Photo: File)

Markets collapse, Rs 3.4 lakh cr investor wealth wiped out

Investor wealth, measured in terms of value of all listed shares on BSE, eroded by Rs 3,46,256.76 crore to settle at Rs...

2 Feb 2020 2:55 AM IST