In a bid to spur domestic manufacturing, FM P Chidambaram while presenting his Budget 2014 said the excise duties on mobile phone handsets will be restructured to six per cent for all categories. </br> <br><a href="http://epaper.financialexpress.com/230746/Indian-Express/18-February-2014#page/1/2" target="_blank"><font color="#0260a8"><b>Read more: Union budget 2014 presented by former FM P Chidambaram</b></font></a> -
The benchmark BSE Sensex gained 0.4% on Feb 17 2014 after the finance minister P Chidambaram unveiled the interim budget in Lok Sabha.
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"To encourage domestic production of mobile handsets (which has declined) and reduce the dependence on imports (which have increased), I propose to restructure the excise duties for all categories of mobile handsets," Finance Minister P Chidambaram said while presenting the Interim Budget 2014-15.
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Gold price regained the crucial Rs 31,000 per ten grams level after a gap of two months here today on sustained buying by stockists and retailers amid a firming global trend.
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Indian rupee through the day against US dollar. Indian rupee rose by nine paise to end at nearly 1-month high of 61.84 versus US dollar on Feb 17 2014, after the government said in the interim budget that fiscal deficit this financial year will be capped below target and cut market borrowing for 2014-15.
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BSE Sensex and NSE Nifty throughout the day. Among individual stocks, Tata Power (4.81%), Mahindra & Mahindra Ltd (2.83%) and Dr Reddy's Laboratories (2.31%) were the major gainers on the 30-share Sensex.
