The center and RBI attempt to improve money consumption:
To begin with, today, the union finance minister announced, the center and RBI attempt continuous efforts to increase consumption. As per the sources, income tax (I-T) slabs rejig was one of the examples of putting huge money in the user’s hands said by FM in Budget 2020.
Moreover, the finance minister declared about the capital expenditures also increased. In the Union budget, they worried about the unemployment, she said, they don’t any information about employment in the official sector and the unofficial sector.
But, they will signs which show jobs would be created. The government will try to complete the notices and issues. These sectors were an indication of positivity. The real estate sector has grown because people have shown interest to buy homes and MSMEs.
In the border market, S&P BSE Midcap trading with a gain of 28.37 points reached 15,807.90 level with 0.18% up. Whereas S&P BSE SmallCap trading with a loss of 16.90 points reached 14,733.48 with 0.10% down.
Besides, the Sensex and Nifty trading with a bearish trend today (Feb 12th), The BSE Sensex trading with a gain of 382.61 points reached 41,598.75 with a 0.93% rise. Whereas Nifty trading with a gain of 100.20 points reached 12,208.10 with a 0.83% rise.