Budget has allocated significant funds towards rural development, agriculture, and manufacturing. Key financial reforms include raising Mudra loan limits, introducing credit guarantee schemes for MSMEs, and reducing long-term capital gains tax to attract investments
Although there was a temporary sell-off by Foreign Institutional Investors (FIIs) following the announcement, Mishra said that this will not have a lasting impact on market trends.
The VCC structure, gaining popularity among global investors, offer greater flexibility and versatility to fund managers. It can also take India closer to its ambition of emerging as a global financial hub, say experts
Budget 2024 has implemented the recommendations by the GST council by bringing in changes in the finance act. The measures will boost manufacturing sector in India and improve ease of doing business
This year's Union Budget focused on the growth of the informal sector; from skill enhancement for youth, credit flow to MSMEs, to income enhancement measures for the rural sector. Here's what the budget had to offer the financial sector
The survey identifies higher overtime wage premiums and barriers to job opportunities for women as hurdles in way of employment generation
Private equity investments saw a 31 percent year-on-year rise during the April-June period, though the number of deals dipped from 353 to 299, LSEG Deals Intelligence data shows
IBC process needs to be lot quicker. Timeframe needs to be cut to improve recovery percentage for creditors
Capital gains tax changes always take center stage in market discussions before the presentation of Union Budget each year. This year is no exception, with market veterans like Samir Arora, Raamdeo Agarwal, and Vijay Kedia weighing their expectations on potential capital gains tax reforms
Raamdeo Agrawal remains extremely upbeat on the long-term growth prospects, and wagered that he sees India as an economy with $10 trillion market capitalisation in four years.
Budget 2024 Expectations Highlights: The salaried class is anticipating tax relief, potentially through cuts in personal tax rates or an increase in the tax exemption limit.
As the government's point person for the financial services sector, Joshi will have key inputs in the making of the interim budget for 2024-25.