India is gearing up for its 2020 Union Budget, which is set to release tomorrow, February 1, 2020. Presented by Nirmala Sitharaman, Minister of Finance and Minister of Corporate Affairs, this will be the second budget by the Narendra Modi-led National Democratic Alliance (NDA) government.
One of the sectors that is expecting a severe boost from this budget is travel and tourism that makes for the largest service industry in the country. Be it reviewing the GST policies for the market or developing the infrastructure, travel and tourism industry leaders believe that a lot needs to be done to utilise the potential of this sector.
Other things to check out:
HUL: Budget to have a bigger impact on HUL & ITC stocks than Q3 numbers - The Economic Times
Budget 2020: Co-working companies look for booster shots - The Economic Times
Budget expectations: Ten expectations of markets from the Union Budget - The Economic Times
This may worth something:
Apple's Q1 2020 financials were great — but it still needs a budget iPhone
If you're an Apple follower, you'll have seen the company just released its Q1 2020 financials. There's a raft of interesting information in there, but without getting bogged down by numbers, let's just get to the meat of it:
[Slam your peepers on this: The EU's dull-ass fight with Apple over the Lightning connector sucks ]
The Q1 2020 financials, on the other hand, were huge turnaround for Apple, much of it driven by three main things: holiday season sales of iPhone 11 range ( specifically the entry-level model ), the growing popularity of the Apple Watch, and AirPods arguably being the gift of Christmas 2019 .
Lundin Petroleum announces its 2020 budget, production guidance and capital markets day
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce its 2020 development, appraisal, exploration and abandonment budget which totals USD 1.27 billion and represents a 30 percent increase on 2019 capital expenditure. The production guidance for 2020 is between 145 to 165 thousand barrels of oil equivalent per day (Mboepd) and the long-term production guidance is increased to 160 – 170 Mboepd from 2021 with a target of over 200 Mboepd.
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The average production in 2019 was 93.3 Mboepd, which was above the mid-point of the upgraded 2019 production guidance of between 90 and 95 Mboepd, and 10 percent above the mid-point of the original guidance of 75 to 95 Mboepd. Lundin Petroleum's production guidance for 2020 is between 145 to 165 Mboepd, reflecting the ramp-up of Johan Sverdrup Phase 1 to plateau levels by the summer of 2020 and a planned two-week maintenance shutdown at Edvard Grieg in the second quarter of 2020.
Philippine Defense Market - Budget is Expected to Reach US &5.3 Billion in 2024 -
Air and Naval forces modernization is expected to be key objective of the Philippines Horizon II program. In Response to the perceived internal weakness and regional strategic challenges Philippines department of defense has embarked air force and naval transformation process to enhance their capabilities under Horizon II program.
The US, Indonesia and South Korea are the major suppliers for The Philippines. During 2014-2018, South Korea emerged as the largest supplier of military hardware to The Philippines with a 28.8% share of defense imports, followed by Indonesia and the US with respective shares of 25.8% and 24.5%.
Happening on Twitter
Watch this space for the latest updates on Union Budget 2020-21 https://t.co/IUP5Zfk716 FinMinIndia (from New Delhi) Thu Jan 30 10:20:37 +0000 2020
#EconomicSurvey2020: जानें- क्या है आर्थिक सर्वे, बजट से 1 दिन पहले ही क्यों होता है पेश? #EconomicSurvey2020… https://t.co/rKFOXiUjB2 ZeeNewsHindi (from India) Fri Jan 31 06:26:34 +0000 2020
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