Business

"Rs 34,699 crore allocation for MGNREGA in financial year 2015-16, additional 5,000 crore can be given in MNREGA if there is a tax buoyancy," said Jaitley.

The Nifty ended F&O expiry at 8683.85, down 83.40 points or 0.9 per cent.

Navin Raheja, chairman and managing director, Raheja Developers also expects the exemption limit on interest repayment to be raised from Rs 2 lakh to Rs 5 lakh.

Prabhu is likely to propose setting up of water treatment plants and recycling plants in coaching depots, workshops and railway factories to conserve water in railways.

Experts feel the market may not see major upside or downside during the week as most of the positives already discounted.

He apprised Jaitley of the long standing demand of medical device industry to have its own separate regulatory body and set of laws.

The Sensex gained 0.48 per cent to 29,462.27 points, while the Nifty ended 0.3 per cent higher at 8,895.30 points.

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nfosys CEO Vishal Sikka said that the companies should move towards automation as it would be better in terms of cost.

A European Commission committee voted to lift the ban on Tuesday. The legislation now needs to be formally adopted and published by the European Commission.

Monday's closing of 61.71 is the rupee's strongest level at close since 61.55 on November 13, 2014.

Indian Corporates have largely engaged themselves in the CSR activities, in accordance with the Companies Act 2013.

The rupee had bounced back by 40 paise in its sharpest single-day gain in three weeks to end at 63.17 against the Greenback.

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The rupee commenced better at 63.51 a dollar from last close of 63.57.

In the previous two sessions, the rupee had gained 64 paise, or 1.01 per cent.