Ahead of the upcoming Union Budget, companies in the financial sector are seeking measures like increased funding for startups and incentive-based credit facilities to help the manufacturing sector. Finance Minister Nirmala Sithraman will be presenting the first full Budget of the Modi 2.0 government Friday amid high expectations from the industry for a big push to the slowing economy.
Chidambaram also criticised the government for levying 2 percent tax deduction at source (TDS) on cash withdrawal exceeding Rs 1 crore for a year from a bank account.
Extending gains for the fourth straight session, equity benchmarks ended on a positive note Thursday after the Economic Survey projected India s economic growth rebounding from a five-year low to 7 per cent this year.