Business

Stock markets rose for the second straight session with the Sensex climbing over 361 points to close at nearly one-week high of 25,880.77

"We are taking a greater chance of having another crash at a time when the world is less capable of bearing the cost," Raghuram Rajan warned.

Fresh dollar selling by exporters too aided the rupee rise while a firm dollar overseas capped the rupee rise.

Indian CEOs from CII in an interaction with the Washington audience highlighted the growing sense of optimism.

Labourers spread paddy crop for drying at a wholesale grain market in Chandigarh October 15, 2012.

Prime Minister Narendra Modi is set to give a big boost to the ongoing financial inclusion drive by unveiling a comprehensive programme, to be announced at the Red Fort in his address to the nation on the Independence Day.

A high-level delegation from Switzerland had held discussions on tax matters with the Indian government officials in New Delhi in February 2014.

"We do not want a high taxation regime. It was because of the high taxation regime of the previous government that inflation rose", said Arun Jaitley.

Retail inflation rose to 8.28 per cent in May on account of rising food prices.

"The additional exemption under 80C will provide a limited window for tax exemption eligible mutual fund schemes," LIC Nomura Mutual Fund's Anutosh Bose said.

"The Budget has no immediate impact on the sovereign credit rating on India" S&P credit analyst Agost Benard said.

"In the Financial year 2014-15, an allocation of Rs 53,706 crore has been made for North Eastern region," Arun Jaitley said.

Some of these schemes have the potential to change the lives of Indians but for Jaitley they are just worth Rs 100 crore each.

"The Budget had nothing new. It has merely copied our policies and schemes," Sonia Gandhi told reporters.

Gowda announced 40 per cent increase in budget allocation for ensuring cleanliness on railways and also laid stress on food hygiene.

Rupee moved in a range of 59.68 and 60.00 before concluding at 59.78, exhibiting a rise of 23 paise or 0.38 per cent.