With this boost given to fishery sector, the rural income would get enhanced. Also, India exports fish to almost 75 countries, which accounts to nearly 10 per cent of the total export. Hence, this budget announcement would further open new opportunities for the companies engaged in the fishery business.

Sensex was opened today, despite being Saturday, as Union Budget was tabled but it seemed that the Sensex is not impressed by the Budget, since it slashed more than 987 points and ended at 39,735.53 levels, down by 2.43 per cent while, Nifty closed at 11,661.85 levels, down by 2.51 per cent.

In the Budget speech 2020, the Finance Minister mentions of disinvestment in Life Insurance Corporation (LIC) through IPO.
LIC is an Indian state-owned insurance group and the investment corporation, owned by Government of India

The Budget 2020 has proposed a new personal tax regime with new income tax slabs. Read on to find out more.

The abolition of dividend distribution tax will encourage companies to increase their dividend. Read on to find how will it impact retail investors and list of companies that have consistently increased their dividend percentage.

The Finance Minister also threw light on higher agricultural credit. The target is to take total agriculture to Rs 15 lakh crore in FY21 from Rs 12 lakh crore in FY20.

Looking at the proposed expansion of hospitals, the government is focussing majorly on the expansion on tier 2 and tier 3 cities as well as planning to set more hospitals under ‘Ayushman Bharat’ scheme.

Friday’s session was almost a repeat of Thursday’s session, where Nifty opened the session on a strong note only to witness the selling pressure at higher levels and closing the day near the low. Nifty closed below 12,000 mark, down by 0.61 per cent.

As the government decided to stick to its traditions of presenting the Union Budget on February 1, despite being a Saturday, the D-Street which follows a 5-day week calendar too have decided to remain open and why not! After all, Union Budget is a mega event for the financial markets in India.