MSMEs to be returned 95% of fines imposed during Covid
The budget has also paved the way for easier flow of collateral-free funds, lower cost of funds and timely payments to MSMEs besides easier norms for statutory audits. An infusion of ₹9,000 crore in the Credit Guarantee Fund will enable additional collateral-free guaranteed credit of ₹2 lakh crore while the cost of the credit would […]
Agriculture gets credit boost, fund for startups in Union Budget 2023-24
The finance minister has proposed to increase the agriculture credit for the next fiscal year to ₹20 lakh crore, with focus on animal husbandry, dairy and fisheries, from ₹18 lakh crore for FY23. The budget has also laid emphasis on the fisheries sector, with a new sub-scheme called the PM Matsya Sampada Yojana with a […]
Nifty forms long-legged Doji candle on Budget day. What traders should do on Thursday expiry
The PCR ratio for the near week expiry stands at 0.54 and for the next week expiry at 0.68. The overall writing data suggests negative bias as Call writing is higher than Put writing. The immediate or temporary bounce back cannot be ruled out as PCR ratio drops near to 0.50 levels, said analysts
Skilling ecosystem to be expanded; stipend support to 47 lakh youth in 3 years: Niramala Sitharaman
“Pradhan Mantri Kaushal Vikas Yojana 4.0 will be launched to skill lakhs of youth within the next three years. On-job training, industry partnership, and alignment of courses with needs of industry will be emphasized,” the Finance Minister stated. She shared that the scheme will also cover new age courses for Industry 4.0 like coding, AI, […]
Banks pocket $12 million in fees in Adani’s mega share sale
The fees are equivalent to around 0.5% of the 200 billion rupees raised in Adani Enterprises Ltd.’s offering, said the people, who asked not to be identified as the information is private.
Tale of two halves! Why Sensex ended higher but Nifty in red
Had it not been for Adani Enterprises and Adani Ports, both of which are part of Nifty and not Sensex, weighing down the 50-share barometer, the index too would have ended on a positive note. Adani Enterprises, which ended 26.7% lower on NSE, contributed 49 points to the index’s downfall. On the other hand, Adani […]
From Prashant Jain to Nilesh Shah, how D-St veterans are rating Sitharaman’s Budget
Nirmala Sitharaman’s Budget announcements cheered Dalal Street bulls and analysts alike as most of them see it as delivering on all fronts. >> For more such web stories click on the ET icon below
Budget announces host of measures to enhance business in IFSC
The Budget 2023-24 proposes an extension of tax benefits to funds relocating to IFSC, GIFT City till March 31, 2025. “For countries looking for digital continuity solutions, we will facilitate setting up of their Data Embassies in GIFT IFSC,” she said during Budget speech. At present, GIFT IFSC is the maiden international financial services centre […]
Budget 2023: Cooperative sugar mills get income tax relief of Rs 10,000 crores
The co-operative sugar industry of Maharashtra had been fighting a case with the income tax department about the categorisation of the payment made to the sugarcane farmers over and above the fair and remunerative price (FRP) fixed by the central government.
Budget 2023: Life insurance cos tank up to 11% on demand worries
Shares of HDFC Life Insurance nosedived 12% to Rs 510.30, while SBI Life Insurance plunged 9% to Rs 1,119. The country’s largest life insurer Life Insurance Corporation of India (LIC) declined 5% to Rs 618.40. Max Financial plummeted 10% to Rs 752.10. PB Fintech dropped 7% to Rs 397.25.