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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

Finally, this resulted in the mad rush among the people for cover and they came forward in big numbers to buy expiring LIC products.

Budget 2020: LIC to get listed on stock exchange

After two capital infusions, the government owns a substantial part of IDBI Bank (46.5 per cent stake) which will be...

2 Feb 2020 2:49 AM IST

The tea industry is lobbying for solar power scheme for farmers.

I'll have what he's having: Tea lobby wants sops FM gave to farmers

Industry lobby says tea cultivation is eminently an agricultural activity

1 Feb 2020 9:33 PM IST

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Union Budget 2020: Sensex nosedives 900 pts, gives up 40k level

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

1 Feb 2020 4:46 PM IST

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

Fiscal deficit target raised to 3.8 pc from 3.3 pc for FY20

This fiscal path commits us to the path of fiscal consolidation without compromising the needs of investment out of...

1 Feb 2020 2:48 PM IST