Daily Archive: March 8, 2018

#Sensex Surges Over 250 Points Amid Higher Asian Markets, #Nifty Near 10,250

Higher Asian markets helped Indian equities rebound after suffering losses in the past six sessions. The Sensex rose over 250 points while Nifty inched closer to 10,250. The gains were broad-based today with most of the sectoral indices trading in the green. Banking, metal, and healthcare stocks led the gains. ICICI Bank, Bharti Airtel, HDFC, Infosys and Reliance Industries were up between 1 per cent and 2 per cent. Yes Bank, Bharti Infratel and BPCL were among the losers in Nifty50 index down between 0.5 per cent and 1.5 per cent.

“Would Like To See BJP Reaction”: Chandrababu Naidu On Pulling Ministers

New Delhi : Announcing that the two TDP ministers would resign from the union cabinet on Thursday morning, Andhra Pradesh Chief Minister Chandrababu Naidu, on Wednesday, said he would like to see how the BJP now reacts.

Claiming that the promises made by the centre during the bifurcation of Andhra Pradesh were not kept, Mr Naidu said, "Andhra Pradesh is not getting its due under the Andhra Pradesh Reorganisation Act. Would like to see how the centre reacts to it, then plan further course of action".

Mr Naidu announced the decision at a press conference in Amaravati after a meeting with his party’s lawmakers. This came hours after Finance Minister Arun Jaitley suggested that grant of special status to Andhra Pradesh, a key demand made by Mr Naidu, may not be possible.

"After the 14th Finance Commission there is no special category scheme, though some states like the north east and hill states get 90% funding from the Centre…We decided that Andhra should be compensated after bifurcation for the amount a special status state gets and we have provided for those funds. We stand by that," Mr Jaitley said.

Source : NDTV