Mumbai / New Delhi, Feb 27 (ANI): The Bombay Stock Exchange (BSE) Sensex and Nifty rose nearly two percent on Friday, their best single-day advance in six weeks, as blue chips rallied on hopes the Indian government would deliver a budget that increases public investment but sticks broadly to its fiscal deficit targets. The benchmark BSE Sensex closed 1.65 percent higher at 29,220.12, its biggest single-day gain since January 20. The broader Nifty gained 1.85 percent to 8,844.60, its best single-day gain since January 15. BSE president, Ashish Chauhan, expected pro-growth and pro-reform budget. The Confederation of Indian Industry (CII) asked the government to target and cut subsidies.
Feb 27, 2015
Kochi, Feb 27 (ANI): In a hope to stabilize India's drooping traditional industries like handloom, handicrafts, coir, cashew and beedi, industry experts are looking forward to the Narendra Modi government undertaking special measures in its annual budget for the fiscal year 2015-16 to be presented on Saturday. The traditional industries are mainly labour intensive and rely on skills that are passed on from one generation to another. The workforce of these industries mainly includes tribal people who remain deprived of their basic necessities even after 68 years of India's Independence. He added that a special grant from the central government would benefit millions of people involved in the industry like, raw material collectors, cutters, makers, distributors.
Feb 27, 2015
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