Sitharaman announced a hike in customs duty on mobile phone parts and mobile phone charger components to 2.5 percent from nil while customs duty on gold and silver has been reduced to 7.5 percent from 12.5 percent
India Inc termed the Budget as "growth provoking and welfare inducing"
Budget 2020: Financial sector players want govt to consider reducing GST on term insurance, streamline KYC norms
The NBFC sector is looking forward to measures in Union Budget to bring NBFCs at par with Banks and other financial institutions on the regulatory landscape.
Budget 2020: Bold fiscal measures, strong implementations will provide much-needed fillip to sagging real estate sector
Recent estimates indicate that some of the pain points of the real estate sector include delayed projects, shortage of funds, high unsold inventory and stalled projects.
Budget 2019: Analysts terms listing of social enterprises as innovative, move would help them raise funds to meet welfare objectives
Allowing listing of social enterprises can be a game changer for organisations that are trying to transform the social dynamics, say market analysts who termed the Budget proposal to create a social sector exchange as one of the "very creative and innovative ideas"
Govt plans to incentivise contract farming: Centre should encourage large firms to be part of plan; decision will bring transparency of purchases and sales
At one level, contract farming is like any other contract to purchase goods of a quality and quantity within a specified time period
Modi was the face of BJP, but, Yogi is the one who will have to answer to the poor farmers of UP who would have voted to the party in the hope of getting their loans waived. Hence, the buck stops at Yogi, not Modi.
Vipin Sondhi, managing director and CEO, JCB India, speaks about the 2016 Auto Budget