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The rupee gained past 65.50, the highest level since November 2015 as the dollar buying slackened ahead of Federal Reserve meeting outcome.
|NIFTY PSU BANK||3351.35||43.25||1.31%|
|S&P BSE Auto||22221.03||156.38||0.71%|
|S&P BSE Cap Goods||15924.56||22.96||0.14%|
|BSE Cons. Durables||14286.68||63.95||0.45%|
|S&P BSE FMCG||8949.95||16.07||0.18%|
|S&P BSE Healthcare||15440.21||32.90||0.21%|
|S&P BSE IT||10384.82||-191.91||-1.81%|
|S&P BSE Metals||11570.68||50.33||0.44%|
|S&P BSE Oil and Gas||13365.85||-4.28||-0.03%|
|S&P BSE Power||2194.54||3.36||0.15%|
|S&P BSE PSU||8361.27||21.14||0.25%|
|S&P BSE Realty||1523.17||10.86||0.72%|
Top Active stocks By Value
Top Active stocks By Volume
|Bank of Baroda||166.50||1.17Cr||3.42%|
|Bank of Baroda||166.20||5.15||3.20%|
|CIL Nova Petro||22.00||-0.90||-3.93%|
|Stocks||Current Price||Bid Qty||%Change|
|Stocks||Current Price||Offer Qty||%Change|
|Raj Oil Mills||1.55||55283.00||-8.82%|
|Name||Current Value||3-days ago||%Change|
|Lotus Eye Care||34.55||26.55||30.13%|
|Modex Intl Sec||35.75||30.45||17.41%|
|Rupa and Comp||284.00||154.13k||14832.00%|
|Stocks||Current Price||Today's High||%Change|
|Stocks||Current Price||Today's Low||%Change|
|Dow Futures (Mini)||20887.00||40.00||0.19%|
|S&P 500 (US)||2365.45||-8.02||-0.34%|
|S&P 500 Fut||2366.40||-8.60||-0.36%|
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"Union Budget 2017 proposed to offer many benefits on small and medium enterprises (SME) in the country. Income tax on companies with annual turnover of less than Rs 50 crore per year has been reduced to 25% from the earlier 30%. The lending target for Pradhan Mantri Mudra Yojana (MUDRA) has been doubled to Rs 2.44 crore for FY2017-2018.Finance Minister Arun Jaitley also decided to continue the preferential taxation announced last year. Under the scheme of presumptive taxation, 8% of the turnover is counted as income in case of the taxpayers’ turnover is less than Rs 2 crore. As per new proposal this is brought down to 6% for the turnover received by non-c.."
"Finance minister did not change the existing definition of tax on long term capital gains on stocks. This came as a big relief for the investing community. The expectations for the lower costs in terms of removal of Securities Transaction Tax (STT) and Commodities Transaction Tax (CTT) did not meterialise.Union Budget 2016 also had some positives that saved the day for the brokers. Finance Minister Arun Jaitley announced that the commodities markets require further reforms for the benefits of farmers. An expert committee will be constituted to study and promote creation of an operational and legal framework to integrate spot market and derivatives market fo.."
"Budget 2017 triggered a relief rally on the bourse as investors rejoiced the government’s decision to retain the existing provision on long term capital gains tax exemption on stocks. During the run up to the Budget there was talks that the government was considering increasing the holding period for LTCG for tax exemption from 12 months to 36 months.On another front, Finance Minister Arun Jaitley reduced the time period required to qualify for the long term capital gains on property from 36 months to 24 months. The Finance Minister has also announced the abolition of Foreign Investment Promotion Board (FIPB). This is seen as a big positive in the form of.."
"Hopes of salaried individuals for major tax relief were belied by the Finance Minister, Arun Jaitely, as the budget offered minimal benefits. Jaitley proposed to reduce the existing rate of taxation for individual assesses having income of Rs 2.5-Rs 5 lakh to 5% from the present rate of 10%.Alongside, the Finance Minister proposed to levy a surcharge of 10% of tax payable on individuals whose annual taxable income is between Rs 50 lakh and Rs 1 crore. The Finance Minister, however, decided to cap the rebate benefit to Rs 2,500 to assesses up to Rs 3.5 lakh to avoid the duplication of benefit. This means that an individual earning up to Rs 3 lakh per year ne.."
"Finance Minister Arun Jaitley announced ‘Youth’ as the focus area for his budget for the FY2017-2018. A slew of announcement indicating higher investments benefitting younger population of India in the sector such as education and skill developed should be a big positive aspect of this budget.Quality education remained the pillar of the proposed policy in Budget 2017. Finance Minister announced, “We propose to leverage information technology and launch SWAYAM platform with at least 350 online courses. This would enable students to virtually attend the courses taught by the best faculty; access high quality reading resources; participate in discussion .."
"Finance Minister Arun Jaitley offered Aadhar based Smart cards containing health details to the senior citizens. A scheme offering 8% guaranteed pension by LIC is the only other thing that the senior citizens could take home in Union Budget 2017. The details of the scheme will be announced by LIC soon.The senior citizens had high hopes from the Union Budget 2017. However most expectations did not materialise. There was a hope of a hike in health insurance tax benefit to Rs 50,000 for senior citizen. There was also expectation of tax sops under Section 80C of the Income Tax Act..."
"Taking constructive steps for betterment for women and homemakers, Finance Minister Arun Jaitley announced preferential treatment for MUDRA loans or the higher allocation to ICDS Anganwadi centers.
The Finance Minister announced that Mahila Shakti Kendra will be set up at village level with an allocation of Rs 500 crore in 14 lakh ICDS Anganwadi Centres. This will provide one stop convergent support services for empowering rural women with opportunities for skill development, employment, digital literacy, health and nutrition. The budget highlighted the nationwide scheme for financial assistance to pregnant women announced by the Prime Minister on December 31.."
"Finance Minister Arun Jaitley offered Aadhar based Smart cards containing health details to the senior citizens. A scheme offering 8% guaranteed pension by LIC is the only other thing that the senior citizens could take home in Union Budget 2017. The details of the scheme will be announced by LIC soon.The senior citizens had high hopes from the Union Budget 2017. However most expectations did not materialise. There was a hope of a hike in health insurance tax benefit to Rs 50,000 for senior citizen. There was also expectation of tax sops under Section 80C of the Income Tax Act.Due to slow economic recovery in India and demonetization in the last quarte.."
01 Feb, 2017, 14:56
01 Feb, 2017, 13:44
01 Feb, 2017, 13:19
01 Feb, 2017, 12:52
01 Feb, 2017, 12:52
01 Feb, 2017, 12:49
01 Feb, 2017, 12:44
166.45 5.05 (3.13%)
10235.90 10,235.90 (0.00%)
35.80 0.15 (0.42%)
This is a growth-oriented Budget which has ensured that almost nobody is stressed with any additional taxes.
The Budget is strong on reforms, fiscal numbers and macroeconomic parameters. It will boost the rural and agriculture sectors.
By and large a fairly routine Budget in the sense there are number of expenditure items which are indicated but there are not been much changes on the revenue side. Happy that the fiscal deficit is maintained at 3.2 percent.
A very workmen like Budget. Got some clear indications about how to broaden the tax base in India, developments around improving transparency, efficiency, these are all good things.
The property long-term capital gain tax has been reduced to two years but one has to read the fine print.
A good Budget, has done a lot for housing and for rural development. Disappointed with no announcement on corporate tax.
There needs to be a big impetus on job creation, especially startups.Sectors such as housing can be crucial to migrant labour and create job opportunities.
There could be likely tinkering of personal tax where the minimum slab for individual?s could be increased but unlikely that changes would be made to indirect taxes.
The markets won?t take it lightly if a tax burden is imposed on Long Term Capital Gains.
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