Day: February 1, 2020

Rs 3.37 lakh crore allocated for defence budget

7:14 pm February 1, 2020

New Delhi: In a marginal hike, the defence budget was increased to Rs 3.37 lakh crore for 2020-21 against last year’s Rs 3.18 lakh crore, belying expectations of a significantly enhanced allocation to fast-track long-pending military modernisation. Out of total allocation, Rs 1.13 lakh crore has been set aside for capital outlay to purchase new […]

Budget 2020: Sensex plummets 988 pts; Nifty below 11,700

4:22 pm February 1, 2020

Mumbai: The BSE Sensex plummeted 988 points on Saturday to close below the key 40,000-mark, led by an intense broad-based selloff after the Union Budget for 2020-21 failed to live up to market expectations. Experts said the Budget has been below par considering investors had extremely high expectations from the government to revive the economy. […]

Gold prices jump Rs 277, silver rises Rs 483

4:20 pm February 1, 2020

New Delhi: Gold prices on Saturday jumped by Rs 277 to Rs 41,923 per 10 gram in the national capital, according to HDFC Securities. The precious yellow metal had closed at Rs 41,646 per 10 gram on Friday. Silver also witnessed increase in demand as prices jumped Rs 483 to Rs 48,096 per kg from […]

1 dead, over 300 evacuated after ammonia leak in Noida

4:16 pm February 1, 2020

Noida (UP): A 42-year-old worker died allegedly after an ammonia gas leak at a Haldiram’s building in the city, while more than 300 others were evacuated from there on Saturday, officials said. The leakage was reported around 12 pm, prompting immediate deployment of police force, firefighters and the National Disaster Response Force (NDRF), they said. […]

Budget cuts personal income tax, raises customs duty

4:12 pm February 1, 2020

New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced cuts in personal income tax, extended tax benefits for affordable housing and gave relief to companies on payment of dividend in the Union Budget for 2020-21 as the government looked to boost consumption to bring the economy out of the worst slowdown in 11 years. The […]