Budget boosts bourses, Sensex rises over 1,000 points

Mumbai (IANS) India's key stock markets continued their bull run during Tuesday's mid-noon session with the S&P BSE Sensex gaining over 1,000 points.

Investors continued to cheer the fact that the budget did not announce any additional…

No rise in retail petrol/diesel prices despite new cess in Budget

New Delhi (IANS) The government on Monday imposed agriculture and infrastructure development cess at the rate of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel to mobilise additional resources required for massive investment required in these…

Budget is a progressive and comprehensive document: CAIT

New Delhi (IANS) The Confederation of All India Traders (CAIT) on Monday termed the Union Budget 2021 as a "progressive and comprehensive document".

"The Union Budget is a progressive and comprehensive document that ensures the structured development…

Balancing Act: Fiscal expansion to cost 6?ficit in FY22

New Delhi (IANS) Centre's fiscal expansion during the ongoing Covid-19 pandemic induced revenue constraint is set to cost India a fiscal deficit of over 6.5 per cent in the next financial year from 9.5 per cent for FY21.

Overall, the Centre…

OIL widens its exploration network in Northeast

Guwahati/Agartala (IANS) After Assam, Arunachal Pradesh and Mizoram, the state-owned Oil India Limited (OIL) has ventured out to the fourth northeastern state of Tripura, aspiring to explore natural gas by conducting a seismic survey.

OIL,…

CAIT vents anger against USIBC for intervening in India's e-commerce

New Delhi (IANS) The Confederation of All India Traders (CAIT) has strongly criticised US-based lobby group USIBC for objecting to an initiative of DPIIT to reframe the Press Note 2 of FDI policy.

"The uncalled-for intervention of USIBC shows…

BSE becomes first Exchange to execute deliveries of Gold mini contracts

New Delhi (IANS) The BSE has become the country's first exchange to complete deliveries of Gold mini contracts under BSE-BIS India Good Delivery Standard on its commodity derivatives platform on January 29, 2021.

Even though the BSE had…

Equity market sheds gains ahead of Economic Survey

Mumbai (IANS) The key Indian equity indices reversed initial gains on Friday, ahead of the presentation of the Economic Survey for FY21, to trade in the red.

At 11.45 a.m., Sensex was trading at 46,836.03, lower by 38.33 points or 0.08 per…

India's FY21 GDP to contract 7.7%, says Economic Survey

New Delhi (IANS) India's GDP is estimated to contract by 7.7 per cent during the current fiscal, said the Economic Survey 2020-21 on Friday.

The document which was tabled by Finance Minister Nirmala Sitharaman in the Lok Sabha in its debt…

V-shaped economic recovery due to timely, stringent lockdown

New Delhi (IANS) India's timely and stringent lockdown to curb the spread of Covid-19 pandemic led to the 'V'-shaped economic recovery, said the Economic Survey 2020-21.

The document was tabled by Finance Minister Nirmala Sitharaman…