The exemption from MAT does not apply retroactively.
The output had expanded 1.8 per cent year-on-year in January.
The move will likely attract more retail investors.
Wholesale prices fall 2.06% in February.
The Budget loosened the reins on public spending to drive growth.
Jaitley promised higher investment in roads and railways.
Modi's government sees itself in a sweet spot with spare cash.
Inflation is on a declining trend, Eco Survey stated.
Narendra Modi has made it easier for businesses to buy farm land.
Search is on for reliable indicators of underlying activity.
India's latest GDP numbers do not signal robust economic growth in near term.
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
In cutting interest rates and giving a boost to the government's efforts to revive growth, RBI governor Raghuram Rajan displayed the pragmatism and flexibility familiar to those who work with him.
However, some analysts say RBI Governor Raghuram Rajan may delay the rate cuts amid mounting concerns over the government's fiscal health.
Food costs jumped up year-on-year.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
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Eminent free market economist Arvind Panagariya has been appointed to run Indian Prime Minister Narendra Modi's new Policy Commission, set up to modernise economic strategy after decades of Soviet-style central planning.
The government is now contemplating issuing an executive order to implement these measures, which would need to be approved by lawmakers within six weeks of the opening of the next session of parliament, scheduled for the beginning of February. India's president would also need to agree.
Modi orders coal, insurance sector reforms.
Modi, who was elected in May with a mandate to provide jobs and economic growth, has seen his reform agenda stymied by controversial statements by lawmakers in his party
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