New Delhi, Feb 2 () Following are the top business stories at 2040 hours:-
DEL40 BIZ-BUD-LIC-LD LISTING
LIC public offer likely in 2nd half of FY21, says Finance Secy
New Delhi: Listing of insurance behemoth Life Insurance Corporation (LIC) may be done in the second half of the next financial year, Finance Secretary Rajiv Kumar said on Sunday.
DEL32 BIZ-FM-LD NRI
NRI tax not to apply on bonafide workers in Middle East
New Delhi: The government on Sunday clarified that the proposed tax on NRIs will not apply on bonafide Indians working in tax-free foreign countries and is intended to tax only those seeking to escape tax by exploiting their non-resident status.
DEL30 BIZ-FM-TAX
New tax regime to definitely benefit taxpayers in some brackets: Sitharaman
New Delhi: With experts terming the new tax regime complex and unavailing, Finance Minister Nirmala Sitharaman on Sunday said the new structure will definitely benefit taxpayers in certain brackets, and more clarification will be issued by the government, if needed.
DCM34 BIZ-BPCL-EOI
Govt to issue BPCL EoI in next few days
New Delhi: The government will come out with the expression of Interest (EoI) inviting bidders for privatisation of BPCL within few days, a senior official said on Sunday.
DCM33 BIZ-FM-LD ETF
FM says 2nd tranche of Bharat Bond ETF within this quarter
New Delhi: Finance Minister Nirmala Sitharaman on Sunday said the second tranche of Bharat Bond exchange traded fund (ETF) is likely to hit the market in the current quarter.
DCM24 BIZ-BUD-LD NITI AAYOG
Stock market's reaction on Budget surprising: Niti Aayog vice chairman
New Delhi: Niti Aayog Vice Chairman Rajiv Kumar expressed surprise over the stock market reacting negatively on the Budget proposals, saying investors probably expected some big bang reforms and ignored the initiatives towards investment and growth.
DCM23 BIZ-MARKET-OUTLOOK
Budget overhang, RBI policy, Q3 earnings to decide market course this week: Analysts
Mumbai: Budget overhang is likely to dominate trading pattern in the equity market this week, while participants will also keenly watch other developments like RBI policy, release of key macro data and quarterly earnings, according to analysts.
DCM22 BIZ-BUD-DIGITAL INDIA OUTLAY
Govt increases Digital India Program fund by 23% to Rs 3,958 cr
New Delhi: The government has increased the outlay for digital India programme by 23 per cent to Rs 3,958 crore for 2020-21 compared to the actual allocation in the current fiscal.
DCM21 BIZ-SEED FUND-DPIIT
DPIIT working on guidelines for National Seed Fund: Mohapatra
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) is working on guidelines for a National Seed Fund that was announced in the Budget for 2020-21 to help start-ups and budding entrepreneurs, a top government official said.
DCM17 BUD-UIDAI
Govt pegs UIDAI's allocation at Rs 985 cr for FY21
New Delhi: The government has raised fund allocation for the Unique Identification Authority of India (UIDAI) - which issues biometric ID to residents - by 17 per cent to Rs 985 crore for the next fiscal starting April 1. BAL BAL
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