Hero MotoCorp, Ashok Leyland, Maruti Suzuki India, Eicher Motors, Mahindra & Mahindra (M&M), TVS Motor Company and Bajaj Auto from automobiles, while Indiabulls Real Estate, Oberoi Realty, DLF, DB Realty and Godrej Properties from the real estate sector were up more than 3 per cent each.
In a major relief to the middle-class taxpayer, Finance Minister Piyush Goyal in his Interim Budget 2019 speech announced that those earning up to Rs 5 lakh a year would not have to pay any tax. He also said that those with an annual income of up to Rs 6.50 lakh would not have to file income-tax returns.
These were among a slew of measures that he announced, mainly to benefit the middle class, address the agrarian distress, and bolster industry. Other key measures announced by the finance minister was the annual benefit transfer of Rs 6,000 each to the marginal farmer — with a landholding of less than 2 hectares — at a total cost of Rs 75,000 crore to the exchequer. Under the scheme which is fully funded by the central government, will be effective from December 2018, would involve three payment transfers of Rs 2,000 each to a farmer every year.
FM Goyal also announced that the gratuity limit for the salaried class would be increased from Rs 10 lakh to Rs 20 lakh, and he hoped that India would become a $5-trillion economy in five years’ time. CLICK HERE TO READ FULL REPORT
|M & M||707.00||680.80||3.85|
|TVS MOTOR CO.||518.25||500.35||3.58|