The markets cheered the announcements made by finance minister Sensex jumps 850 points English News, Hindi News, Latest News, Breaking News

The markets cheered the announcements made by finance minister Sensex jumps 850 points

[Edited By: Vijay]

Monday, 1st February , 2021 12:26 pm

After Sitharaman's announcement, Sensex jumped 850 points and auto stocks gained.

Sitharaman said that under voluntary vehicle scrapping policy, personal vehicles would undergo fitness test after 20 years while commercial vehicles would require it after completion of 15 years.

She said this will promote fuel-efficient and environment friendly vehicles while cutting on India's huge import bills.

Sitharaman said that the ministry of road transport and highways will announce the finer details of the policy.

In Budget 2021, finance minister Nirmala Sitharaman said the policy will promote fuel-efficient and environment friendly vehicles while cutting on India's huge import bills.

The shares in Indian markets were already high ahead of the budget presentation.

As she presented the budget for financial year beginnign April 1, Sitharaman unveiled several measures to bolster the economy following the impact of the Covid-19 pandemic.

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The markets cheered the announcements made by finance minister Sensex jumps 850 points

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