The federal government will table its 2024 budget on April 16, Deputy Prime Minister and Finance Minister Chrystia Freeland says. Freeland said in a news release Monday the budget will be released at 4 p.m. Eastern that day. “Our economic plan is about building more homes, faster, making life more affordable, and creating more good jobs,” she said. “This … Read more
Canada’s public broadcaster is getting an increase in funding, despite executives insisting that a request to cut CBC/Radio-Canada’s budget for the next fiscal year was one reason they announced layoffs for 10 per cent of staff. Documents Canadian Heritage released on Thursday show CBC will get a $1.4-billion budget in 2024-25, an increase from the … Read more
Treasury Board President Anita Anand is asking Parliament to approve an extra $8.9 billion in spending in the current fiscal year, which ends March 31. Most of it is for extra costs associated with finance charges, providing health care for Indigenous children, and for military projects at home and abroad, according to the latest supplementary … Read more
YES Bank shares jumped 32% in the week to witness a breakout with strong volumes, indicating a significant base formation on the technical chart. “The support for the stock is established at Rs 27, and any pullbacks towards this support level present an opportunity to initiate fresh long positions. Sustaining above the support at Rs … Read more
If you are an OTT TV series fan like us at Kotak Private Equity team, you would realize that Feb 1, 2024, budget is the finale episode of Modi government Season 2. We will know by May if the series gets renewed for next season with the same star cast or not but finale episode … Read more
“I think right from the very beginning, when the preparations for this budget started, honourable PM was very clear and the guidance which we had was very clearly to give a direction towards the next 5 years, 10 years and so on,” says Nirmala Sitharaman, Finance Minister.Navika Kumar: Being a woman and making it to … Read more
A day after the Budget 2024 announcement, shares of PSU Banks rallied up to 20% in Friday’s intraday trade on BSE as a sharp drop in bond yields is set to boost their treasury portfolio. Yields on government bonds slumped after Finance Minister Nirmala Sitharaman pegged the gross and net market borrowing for FY25 at … Read more
After the presentation of Union Budget 2024 by Finance Minister Nirmala Sitharaman, it is now time for state budgets. The first to announce is Gujarat, which is presenting its budget for the fiscal year 2024-25 today. Gujarat Finance Minister Kanu Desai is presenting the budget for the next fiscal year today. He mentioned that the … Read more
Interim budget does in no way disturb my thesis – Nifty of 50,000 by 2030. This is more than double the current Nifty level of 22,000. However, over seven years, the CAGR (compound annual growth rate) works out to only 12%. Budgets, such as this one, gently nudge things towards my Nifty target. How? Considering … Read more
Mumbai: Yields on government bonds slumped in trade on Thursday after Finance Minister Nirmala Sitharaman reduced the market borrowing plan for 2024-25 (April-March). In the interim Budget for FY25, the government has pegged the gross and net market borrowing at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts had pegged the … Read more
