The Nifty Bank outperformed the benchmark indices on the Budget Day on Thursday. The index rose nearly 200 points to close at 46,188, while the Nifty50 closed below 21,700 levels. Stocks that led the rally for Nifty Bank include names like PNB, Bank of Baroda, Axis Bank, SBI, and HDFC Bank. The Nifty Bank managed … Read more
The Interim Budget which focuses on fiscal consolidation, infrastructure spending, consumption, and capital expenditure can create a ripple effect on many sectors of the economy as the government has set a capex target of Rs 11.1 lakh crore for FY25. Within the confines of the available fiscal space, the government is channeling enough for capex … Read more
New Delhi: India is negotiating bilateral investment treaties (BIT) to sustain the growth of foreign direct investment (FDI) into the country in the spirit of ‘first develop India’, finance minister Nirmala Sitharaman said in her Budget speech for 2024-25.“The FDI inflows during 2014-23 was $596 billion marking a golden era. That is twice the inflow … Read more
The Indian government has allocated an estimated amount of Rs 5,667.56 crore as grants and loans to foreign governments for the fiscal year 2024-25. According to the Union Budget documents released after the presentation of the interim budget by Finance Minister Nirmala Sitharaman, Bhutan has emerged as the primary recipient of Indian government grants and … Read more
The Nifty Bank outperformed the benchmark indices on the Budget Day on Thursday. The index rose nearly 200 points to close at 46,188, while the Nifty50 closed below 21,700 levels. Stocks that led the rally for Nifty Bank include names like PNB, Bank of Baroda, Axis Bank, SBI, and HDFC Bank. The Nifty Bank managed … Read more
New Delhi: The government has prioritised the development of micro, small and medium enterprises (MSME) to allow them to grow and compete globally, finance minister Nirmala Sitharaman said Thursday. “It is an important policy priority for our government to ensure timely and adequate finances, relevant technologies and appropriate training for the Micro, Small and Medium … Read more
Budget 2024: Finance Minister while announcing the interim budget on Thursday said that the government will expand the electric vehicle ecosystem to support charging infra. Sitharaman added that e-buses for public transport networks will be encouraged. “Our Government will expand and strengthen the e-vehicle ecosystem by supporting manufacturing and charging infrastructure. Greater adoption of e-buses … Read more
The interim budget is unlikely to immediately trigger a consumption revival though increased focus on rural housing and post harvest activities could help spur demand for daily household products and groceries in villages in the long term, leading consumer goods companies have said.Slower demand in rural markets has been dragging the overall growth of the … Read more
New Delhi: Economists expect some significant announcements on February 1 even though it’s an interim budget, since the exercise comes just ahead of the general elections, an ET poll showed. The government will likely increase the amount of money transferred under its flagship direct benefit transfer scheme – Pradhan Mantri Kisan Samman Nidhi or PM-Kisan … Read more
Interim Budget Expectations: The government needs to continue with favourable policies to promote green mobility while also focussing on infrastructure development at a robust pace in the upcoming Budget, according to some leading firms in the automobile space. The Union government is all set to present the interim budget on February 1. “We expect capex … Read more
