Budget 2016

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Highlights

Industries

Mahindra & Mahindra and Honda Cars India also posted sales growth in FY16.

Real Estate

The domestic cement sector is likely to witness improvement in demand due to a pickup in construction activities and an expected favourable monsoon this fiscal year, a report by Reliance Securities said.

Banking

ICICI Bank, Bank of India and IDBI Bank, among others, have adopted the new methodology.
The head of luxury group LVMH's Swiss watch-making business expects sales of the TAG Heuer brand, which includes "smartwatches" that connect to the Internet, to rise by at least a tenth this year, he told Swiss newspaper Le Temps.

Finance

Finance Minister Arun Jaitley increased spending on farm and social sectors.
The Nikkei/Markit Services Purchasing Managers' Index sank to 51.4 in February.
India's healthcare industry is on a high growth trajectory having evolved significantly in past decade.

Infrastructure

More job creation in villages will help emerge multiple sources of income, he said.
Reports earlier had said that he was likely to push for easy funding for the Adani project.
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