India Stocks Decline as Capital Gains Tax in Modi's Budget Spooks Investors

Defense Spending

Gold, Jewelry Retailers’ Shares Climb

Link to Budget Documents

Capital Gains Tax Raised

Personal Income Tax

Rupee Lower

Cuts Corporate Tax Rate on Foreign Companies

Angel Tax Abolished

Import Duty on Mobile Phones Lowered

Custom Duty on Gold, Silver Cut to 6%

To Ease Rules to Woo FDI

10-Year Bond Yield Falls

Gross Market Borrowing

Budget-Gap Target 4.9% of GDOP

Bonds Trade Flat

Vows Fiscal Support for Infrastructure

Industrial Park Plans

Support for Andhra Pradesh

Bihar Gets Expressways, Medical Colleges, Rail Node

One Month of Wages to New Entrants

Stocks Decline

Digitization of Land Records for Farmers

To Spend 1.48 Trillion Rupees on Education, Skilling

Bonds Erase Early Gains

To Focus on Employment, Skilling

Key Events

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