Pvt contributions to NPS may be taxed for past 5 yrs
Duty relief to keep cooking oil prices stable
Retirement funds hold hope for investors
Those earning over Rs 10L can save up to Rs 20k tax
Morgan Stanley, for instance, increased its one-year Sensex target by 9% to 28,800 after the Budget was tabled in the Parliament.
The budget is expected to help promote a new surge in economic growth which will most likely take the economy out of the current sluggishness.
According to analysts, markets are at a beginning of a secular bull-run and any correction should be used as buying opportunity for the long term.
The emphasis on fiscal consolidation and manufacturing, the signals on tax administration and the road map for the years ahead have been seen as positive.
After a significant outperformance over the past 8-9 months, Indian equities are at significant premium to Asian and EM peers.
"Going forward, we are going to see lot of foreign direct participation in Indian businesses and that is healthy both for foreign investors and the local economy."
'In order for India to reach its potential, there needs to be substantial investment in infrastructure and education, among others, Jim O'Neill said.
'These include what administrative reforms they will bring in, how they can control inflation, etc. This will be the key.'
Electric bus pilot project to be launched in Gujarat
FM announces Rs 3,600 cr for safe drinking water
Govt allocates Rs 500cr for internet in villages
Free drugs, diagnosis to ensure 'Health for All'
Government today said the Budget 2014-15 has brought about clarity in tax policies and it will walk the difficult path to bring growth impulses back.
The government has also decided to set up a 'Price Stabilisation Fund' with a corpus of Rs 500 cr. Food policy analyst Devinder Sharma said the fund can help end minimum support prices.
Why are smart cities important?
Jaitley puts infrastructure on growth highway
Budget 2014: 8,500 km roads to be built this fiscal
New measures to improve sentiment in road sector