Morning News Headlines
Economic Times
● Data oil to help run the economy on digital highway: Nandan Nilekani, Infosys
● Budget 2018: Divestment target met for the first time
● Imported luxury cars to be costlier by up to Rs 10 lakh
● PM Awas Yojana: Rs 21K cr for affordable housing drive
● Hike of 60% in LPG scheme target fuels investor fears
Mint
● FM puts a premium on expansion in rural infrastructure
● Consumer goods makers see spike in rural demand
● Bitcoin prices slump to lowest this year after India clampdown
● Budget 2018: Govt brings back LTCG tax on equity, mutual fund investments
● SpiceJet surges as government proposes Udan expansion
The Business Standard
● TV18 to increase Viacom18 stake to 51%
● Budget 2018: Govt revises fiscal deficit target for FY19 to 3.3% of GDP
● NTPC: strong generation, anaemic profits in Q3
● Budget 2018: Jaitley announces health insurance cover of Rs5 lakh for India’s poorest
● ICICI Bank flatters on asset quality but niggling concerns remain
The Hindu Business Line
● Budget 2018: Defence budget increased by a mere 7.81% to Rs2.95 trillion
● 10-year bond yield closes at over 22-month high, rupee weakens against US dollar
● Nandan Nilekani on Budget 2018: The govt is investing in basic infrastructure, both physical and digital
● Budget 2018: Textile industry welcomes fund allocation for textile sector
● Dabur India lays Patanjali threat to rest, for now
Sources : Economic Times, Mint, The Business Standard, The Hindu Business Line.