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USDINR closed at 61.82 against its opened at 61.8650.
The BSE Sensex and Nifty rose nearly 2 percent.
Finance Minister Arun Jaitley presents India's Budget for 2015/16, which is billed as a "make-or-break" event for PM Narendra Modi's government
Fiscal deficit seen at 3.9 pct of GDP in 2015/16; will meet the challenging fiscal target of 4.1 pct of GDP
Expects consumer inflation to remain close to 5 pct by March, opening room for more monetary policy easing.
Budget2015: to establish an autonomous bank board bureau to improve management of public sector banks.
Budget 2015: Plan expenditure estimated at about 4.65 trillion rupees in 2015/16.
Budget2015: 2015/16 non tax revenue seen at 2.21 trillion rupees.
Budget 2015: Sensex recovers, up 1 pct after Jaitley lowers corporate tax rate.
Defence budget increased marginally from Rs. 2. 22 lac crore to 2. 46 lac crore.
Government to enact tough penalties for tax evasion in new bill.
Budget2015: increase in limit in deduction of health insurance premium from 15,000 rupees to 25,000 rupees. For senior citizens 30,000 rupees.
Budget2015: propose to increase service tax rate and education cess to 14 pct from 12.36 pct.
SARFAESI empowers banks to recover non-performing assets without the intervention of a court.
UNION BUDGET 2015-16
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