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The Sensex ended 1,197.11 points or 2.46 per cent higher at 49,797.72. The BSE gauge topped the 50,000-level briefly and swung 1,554 points during the day.
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Rs 2.2 lakh cr for health, including Rs 35,000 cr for Covid vaccines
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The Union Budget has also not made any attempt to address the concerns of Telangana State about linking agriculture with the National Rural Employment Guarantee Scheme (NREGS).
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Union Finance Minister Nirmal Sitharaman, in fact, went ahead and imposed an additional burden on petroleum products costs in the form of Agriculture Cess despite repeated requests from Telangana.
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Startups and MSMEs termed the Budget as pro-growth and pro-technology and will usher in the digital payments era of the country.
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By announcing massive infra push in poll-bound States, Sitharaman has sent a clear political message
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However, in a major relief, senior citizens above 75 years of age are now exempted from filing tax returns.
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Iterating the demand for withdrawal of the new farm laws, Banerjee wondered if the Centre can waive off NPAs running into crores of rupees then why is it hesitant to write-off farm loans.
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He said the entire focus of the budget was only on the electoral states. It seems to be more 'five electoral state budgets' than the Union Budget.
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Sitharaman said that the main interventions under the scheme will support over 17,000 rural and 11,000 urban wellness centres.
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Presenting the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman said fuel supplies were kept running without interruption during COVID-19 lockdown.
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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.
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In the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman proposed setting up of investor charter across financial products.
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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.
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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.
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On the Sensex chart, IndusInd Bank, ICICI Bank, HDFC, ONGC, Titan and HDFC Bank were prominent gainers.
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This year, the Union Budget will be delivered in paperless form for the first time.
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On the Sensex chart, IndusInd Bank, Mahindra and Mahindra, L&T, ONGC, Bajaj Finance, HDFC Bank and Bajaj Auto were prominent gainers.
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The Budget Session will begin today with an address by President Ram Nath Kovind to the joint sitting of two houses of Parliament.
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Finance Minister Nirmala Sitharaman had announced that a new policy on PSU privatisation will be announced whereby a list of strategic sectors requiring presence of PSEs in public interest will be notified.