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The 30-share Sensex was trading 929.54 points or 2.01 per cent higher at 47,215.31; and the broader Nifty surged 260.05 points or 1.91 per cent at 13,894.65.

Unveiling the PSE policy in Budget 2021-22, Finance Minister Nirmala Sitharaman said barring four strategic areas, public sector companies in other sectors will be divested.

Presenting the Union Budget for 2021-22, she also said the operation green scheme will cover 22 more perishable commodities while announcing the development of five major fishing hubs.

"To further augment road infrastructure, 8,500 km of road and highway projects will be awarded by March 2022," Sitharaman said in her Budget Speech.

Sitharaman said that the main interventions under the scheme will support over 17,000 rural and 11,000 urban wellness centres.

The Code will include SEBI Act, Govt Securities Act and Depositories Act. All these Acts will be amended for the Code.

Presenting the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman said fuel supplies were kept running without interruption during COVID-19 lockdown.

These projects would be undertaken through public private partnership (PPP) mode, Sitharaman said in her Budget 2021 speech.

"A scheme of mega investment textile parks will be launched in addition to the PLI scheme," Sitharaman said.

In the first paperless Union Budget, Finance Minister Nirmala Sitharaman also said investor charter would be introduced as a right of all financial investors across all financial products.

In the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman proposed setting up of investor charter across financial products.

At present, a large number of power distribution utilities (discoms) across the country are state-owned.

She said this will promote fuel-efficient and environment friendly vehicles while cutting on India's huge import bills.

Presenting the Union Budget for 2021-22, she said Railways will monetise dedicated freight corridors.

In the first paperless Union Budget, Finance Minister Nirmala Sitharaman said there will be 100 per cent electrification of broad gauge rail tracks by December 2023.

"National monetisation pipeline for potential brownfield infrastructure assets will be launched," Sitharaman said.

India had earlier in January approved two vaccines -- Oxford's Covishield manufactured by SII and Bharat Biotech's Covaxin -- for restricted emergency use.

As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation.

Lenovo placed second in the Chromebook market, having managed to greatly ramp up production to hit 2.8 million units for a massive 1,766 per cent growth," according to the report by market research firm Canalys.

Apple had a great holiday quarter (October-December period) with its tablets shipments up 37 per cent year-on-year, fulfilling consumer, commercial and education demand, according to a report by Strategy Analytics.

Finance Minister had launched the "Union Budget Mobile App" for hassle-free access of Budget documents by Members of Parliament (MPs) and the general public.

On the Sensex chart, IndusInd Bank, ICICI Bank, HDFC, ONGC, Titan and HDFC Bank were prominent gainers.

This year, the Union Budget will be delivered in paperless form for the first time.

Setting up India’s first private sector dehumidified cold storage for seeds in 1998, Gubba today has 12 cold storage facilities for seeds in Hyderabad and Aurangabad (Maharashtra).