Business

Equity markets witnessed a major selloff on Saturday as the budget failed to provide any incentives to revive growth in an otherwise slowing economy.

Evening sessions of futures trading, however, will be suspended starting from Monday, according to reports.

Companies like Godrej Consumer, Dabur, Britannia Industries, Marico and Jyothy Labs said the special thrust on agriculture, irrigation and rural development should fuel growth in a struggling rural economy, where FMCG growth has slowed down.

Control of Pollution has been conceptualized to provide financial assistance to Pollution control Boards/Committees and funding to National Clean Air Programme (NCAP).

Employer's contributions to PF and NPS were tax exempt so far without a specific ceiling.

FM Nirmala Sitharaman said a new education policy will soon be announced and the government proposes to provide about Rs 99,300 crore for the education sector in 2020-21 and about Rs 3,000 crore for skill development.

Under the proposed I-T slab, annual income up to Rs 2.5 lakh is exempt from tax. Those individuals earning between Rs 2.5 lakh and Rs 5 lakh will pay 5 per cent tax. Income between Rs 5 and 7.5 lakh will be taxed at 10 per cent, while those between Rs 7.5...

Finance Minister Nirmala Sitharaman announced cuts in personal income tax, extended tax benefits for affordable housing and gave relief to companies on payment of dividend in the Union Budget for 2020-21.

Other suggestions put forth by the public were regarding administration, governance, transport, public works and health.

In 2019, Finance Minister Sitharaman ditched the colonial legacy of a Budget Briefcase for a Bahi-Khata to carry Union Budget Papers. The tradition of carrying the Budget briefcase was handed over to us by the British.

The government can look at option of increasing market borrowing to fund higher expenditure by the government in 2020-21, he said adding that if need be, the government can resort to higher market borrowing this fiscal.

Congress leader P Chidambaram asked if the ministers will explain the downward revision in the last two years and the drastic slide in the current fiscal year.

The survey said that given the fact that the livestock sector has grown at a compound annual growth rate of nearly 8% over the past five years, it assumes an important role in income, employment and nutritional security.

IBM Chief Executive Officer Ginni Rometty said that Arvind Krishna is the right CEO for the next era at International Business Machines Corp (IBM).

Prices had steadied in recent days, after a rout pushed them to three-month lows as investors tried to assess damage from the virus to economic growth and demand for crude and its products.

The Nexon EV is reportedly first of four electric vehicles planned by Tata Motors over the next 24 months.