Sisodia presents AAP govt's Budget in the Assembly for 7th consecutive time; Budget makes major allocations for education & health, announces mega celebrations for India's 75th Independence Day
Most analysts are of the view that the equity markets reacted positively to the Budget primarily due to higher capital expenditure plans, status quo on direct taxes and no incremental taxes on capital gains.
COVID-19 spending: India has started the world's largest COVID inoculation programme from January 16 and is using two vaccines Covishield and Covaxin.
On the Sensex chart, IndusInd Bank, trading higher by over 7 per cent, followed by ICICI Bank, HDFC, Larsen, HDFC Bank and SBI
The GDP is projected to contract by a record 7.7 per cent in the current fiscal ending March 31, 2021, deepest contraction in four decades.
This year, for the first time in the history of independent India, Finance Minister Nirmala Sitaraman is scheduled to present a paperless Budget 2021-2022 to the members of the parliament on February 1.
The pandemic bought a human and an economic catastrophe for India, with nearly 1.5 lakh deaths. Though the deaths per million are significantly lower than in Europe and the US, the economic impact had been much more severe.
