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Bengal government - State readies land for Hasimara civilian airport in three months

In sharp contrast, the Mamata government had taken seven to eight years to acquire and hand over around 100 acres to the Centre for the expansion of the Bagdogra airport

Why pharma stocks are underperforming despite Rs 2 23 trn Budget allocation

Union Budget 2021, which was presented amid a global health crisis, was sketched with 6 pillars in focus. Among these, healthcare was the foremost agendum of Finance Minister Nirmala Sitha­raman’s Budget speech, and the sector was allocated a generous pie of the entire budgetary allocation. At Rs 223,846 crore, the sector s allocation jumped around 118 per cent over the Revised Estimate of the current fiscal year. Yet, stocks from the sector have been underwhelming at the bourses. The S&P BSE Healthcare index is up just 1 per cent on the BSE today, at 20,891.5 levels, as against an over 2 per cent gain in the S&P BSE Sensex. In the past two days, the Sensex index has jumped nearly 4,000 points or 7.2 per cent, compared with the Healthcare index’s 1.2 per cent gain.

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