Finance minister Arun Jaitley has rolled out a budget designed to help distressed farmers and rural areas while boosting growth, jobs and private investment. In this budget, India’s farmers and villagers, as well as companies with exposure to agriculture, emerge as the biggest winners. This budget promises to raise the minimum price offered to farmers for crops, while investing heavily in agricultural markets across India. LOSERSApple, SamsungIn order to boost domestic manufacturing, Jaitley’s budget lifts customs duty on mobile phones to 20% from 15%. Shares of HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Bank of Baroda and Punjab National Bank might be affected.

Source: Mint February 01, 2018 08:26 UTC