The market seems to be not so happy FM Arun Jaitley continues his Budget speech happy. The Sensex is down 2.94 points at 23151.36, and the Nifty is down 8.35 points at 7021.40. About 935 shares have advanced, 1118 shares declined, and 141 shares are unchanged.
M&M surges 3 percent on government plans to double rural income by 2020 and FY17 and allocation of Rs 87765 crore for rural development in FY17. Here are few Budget proposals at the moment.
Allocate Rs 2000 crore for initial cost Mission to provide LPG gas connection to women household members Propose Rs 87765 crore for rural development in FY17 Allocate Rs 9000 crore towards Swachh Bharat mission Propose Rs 8500 crore for rural electrification Rs 38,500 crore allocation to MNREGA Rs 2.87 lakh crore to be given as grants to aid gram panchayats Propose Rs 5500 crore for crop insurance scheme for FY17 Rs 15000 crore to be allocated for interest subvention for agriculture loans.
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