Business

Union Budget 2019: Dr Reddy’s shares have jumped over 15% in the last one year compared with a 12% gain in the benchmark Nifty 50 index.

Union Budget 2019: The BSE group ‘A’ stock of face value Rs 2 has touched a 52-week high of Rs 430.60 on 3 July 2019 and a 52-week low of Rs 293.95 on 30 October 2018.

The Economic Survey 2018-19, prepared by CEA Krishnamurthy Subramanian, doesn’t seem keen on charting a reformist course. Indeed it begins with skepticism about, if not disdain for, what it calls the “traditional Anglo-Saxon view of the economy.”

Though Nirmala Sitharaman is widely expected to announce measures to boost economic activity and generate growth, her hands may be tied as the fiscal situation is far from perfect.

The Central Board of Excise and Customs (CBEC) is responsible for collecting excise duty. The rates of Central Excise Duty are defined by the Central Excise Tariff Act, 1985.

The objective of CVD is to nullify or eliminate the price advantage (low price) enjoyed by an imported product when it is given subsidies or exempted from domestic taxes in the country where they are manufactures.

At the interbank foreign exchange market, the rupee opened at 68.86 per dollar and advanced to a high of 68.49 during the day. It finally settled at 68.50, up 39 paise against its previous close of 68.89.

The 30-share BSE Sensex settled 68.81 points, or 0.17 per cent, higher at 39,908.06. The index hit an intra-day high of 39,979.10 and a low of 39,858.33.

Chief Economic Adviser Krishnamurthy Subramanian said Eco Survey 2019 is imbued by the spirit ‘blue sky thinking’ to represent the appropriate economic model for India.

The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - grew by 4.1 per cent in May last year.

In its manifesto, the BJP had also promised to take the programme to the next level and ensure that every village has sustainable solid waste management systems and 100% disposal of liquid waste.

Jet Airways became the first domestic airliner to go into bankruptcy after the Mumbai Bench of the National Company Law Tribunal admitted an insolvency petition filed by the SBI on behalf of 26 lenders on June 20.

The DHFL crisis came to the forefront when, on 4 June, DHFL delayed interest and principal payments to the tune of Rs 1,160 crore to bond holders.

Yashwant Sinha, then finance minister in the NDA government, changed a crucial colonial government ritual by announcing the 1999 Union Budget at 11 am.

The BSE was trading 39.58 points, or 0.10 per cent, lower at 39,546.83, and NSE Nifty was quoting a mere 2.85 points, or 0.02 per cent, down at 11,838.70.

Mutual funds are the biggest supporters of the financial system courtesy the funds that they provide and hence, any disruption in the MF market has immediate and significant spillovers in the asset markets, RBI said in the bi-annual Financial Stability Re...