This is why market is cheering current Budget

This is why market is cheering current Budget

Shreya Chaware
/ Categories: Trending, DSIJ News

Today, Sensex is up by more than 1,600 points on an intraday basis and is well on its path to deliver one of the best Budget day performances till date.  

Here are the key highlights, because of which, the market is giving it a thumbs up:- 

1.A strong message to industry that government is there to support all industries

2.Impetus to healthcare  

3.No changes in direct taxes 

4.Increase in FDI limit @ insurance sector 

5.Focus on power, port & infrastructure 

6.Privatisation of two PSU banks and one insurance company 

7.Monetisation of assets  

8.Expansionary budget: Step in the right direction  

9.Fiscal deficit targeted at 9.5 per cent this year and 6.5 per cent in the next year 

10.Total borrowings at Rs 12 lakh crore 

11.Asset reconstruction company set-up  

12.Privatisation target at Rs 1.75 lakh crore 

13.Tax exemptions on affordable housing loans  

14.Thrust on setting up FinTech companies @ GIFT city 

Previous Article Price & volume buzzers on Budget day
Next Article Rail stocks climb high as Finance Minister increases spending
Rate this article:
4.3

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR