Look, who gained and who lost in the first full Budget of Modi 3.0
1 month, 3 weeks ago

Look, who gained and who lost in the first full Budget of Modi 3.0

Live Mint  

The Narendra Modi government announced tax cuts for the middle class in today's Union Budget, putting about $12 billion more in their pockets, to spur consumption spending. The budget aims to uplift household sentiment, enhance the spending power of India’s rising middle class and boost private investment to “unlock greater prosperity,” Sitharaman said at the start of the speech. Nuclear Power Finance Minister Sitharaman said that India will amend its Atomic Energy Act, paving way for private investment in nuclear power projects, and also tweak the Civil Liability for Nuclear Damage Act that has held back investments in the sector. LOSERS Infrastructure Construction stocks like Larsen and Toubro and railway stocks like Indian Railway Finance Corporations were among the biggest underperformers in the Nifty 100 index as the increase in capex fell short of expectations.

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