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Budget Insights: Top experts break down real impact of FM’s big moves
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Last Updated: Feb 01, 2021, 02:55 PM IST
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Here is what experts have to say about the real impact of Nirmala Sitharaman s Budget announcement.
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NEW DELHI: As Finance Minister Nirmala Sitharaman unveiled the Union Budget for financial year 2020-21, there were many announcements that were easy to digest and then there were those whose ramifications were not clear immediately. At ETMarkets.com, we had a panel of experts from diverse fields analyzing the real impact of these moves real time.
Here is how they did the hair-splitting of the Budget:
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Share Market Highlights: Investors give thumbs up to Budget, Sensex ends 2,314 points higher; Nifty at 14,281
Sensex, Nifty Highlights on Budget day, February 1: Almost all the sectors closed in green territory today, rising in the range of 3-6%, except for pharma index
BusinessToday.In | February 1, 2021 | Updated 16:10 IST
India Stock Market News Highlights Today on union Budget 2021: IndusInd Bank, ICICI Bank, SBI, HDFC Bank were among the top gainers today while HCL Tech, Dr Reddy, Tech Mahindra were among top losers
Sensex, Nifty Highlights on Union Budget 2021:In a historical move, benchmark indices Sensex and Nifty closed 5% higher on Monday, as market participants reacted positively to the announcements by Finance Minister Nirmala Sitharaman in Union Budget 2021. BSE benchmark index S&P Sensex, ended 2,314 points higher at 48,600 and NSE Nifty 50 index gained 646 points to 14,281. This was once in a life time jump seen on Budget day, with Sensex and Nifty rising o
Union Budget 2021: ICICI Lombard, ICICI Prudential, SBI Life shares rally 3-6% after Nirmala Sitharaman raises FDI limit for insurance
In a proposal to amend the Insurance Act 1938, FM Nirmala Sitharaman increased foreign direct investment limit for the insurance sector to 74 percent from 49 percent earlier. February 02, 2021 / 03:07 PM IST
Insurance stocks rallied 3-6 percent after Finance Minister Nirmala Sitharaman, in her Union Budget 2021 speech, increased the foreign direct investment limit for the insurance sector to 74 percent.
In a proposal to amend the Insurance Act 1938, the government increased foreign direct investment limit for the insurance sector to 74 percent from 49 percent earlier. The increase in FDI limits from 49 percent to 74 percent for the insurance sector is a welcome step and will help insurance companies to raise funds to ensure their solvency is maintained in line with growing business needs, said Manoj Purohit, Partner and Leader – Financi
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