Selling prices rose to the greatest extent since February 2013
Recognising the significant financial needs of the economy, the Budget proposes a financial sector vision and strategy document to prepare the sector in terms of size, capacity, and skills
The complications in assessing valuations and angel tax, along with associated questioning of genuine investment, had led to several start-ups relocating to other countries for ease of business
Higher budgetary allocation under reform-linked and result-oriented capex scheme and power system strengthening will help state discoms improve their operational efficiencies
However, Budget 2024 did continue allocations for the FAME and PLI schemes and lower duties on critical minerals can help lower cost of indigenously-made batteries for the EV market
The Budget unveils government’s plan for 'Viksit Bharat' placing significant emphasis on job creation and skill enhancement as its focal points, structured around four key pillars
In the Budget, FM Nirmala Sitharaman announced a slew of measures to make the IBC process faster. That’s great news to de-clog the system, provided execution is proper
The Budget announcements on DFM will bolster the efforts of the financial sector to support India's economic growth. This budget is expected to set the agenda for the next five years and provide a framework for regulators, financial institutions and market participants
Both central government expenditure and fiscal deficit are still considerably above pre-pandemic levels
Capex has perhaps peaked in this budget, but the thrust on employment has the potential for a jobs-linked incentive scheme
Unit linked insurance products are selling like hot cakes, driven by a bullish market.
Today’s headline budget numbers are likely to be welcomed by S&P and other global rating agencies as the government has maintained its commitment to fiscal consolidation and could certainly open room for India to get a rating upgrade over the next 2 years
The increase in STT makes it more difficult for intraday traders to survive as their costs will increase. Here are three strategies for those seeking to play the long game in trading
Budget 2024 achieves the monumental task of pointing the Indian economy in the right direction and offers many specific initiatives to propel us towards our collective destiny of a Viksit Bharat
It is a growth-oriented budget and equity markets would quickly adjust to changes in taxation post the knee-jerk reaction today
The announcements in Budget 2024 points to BJP-led NDA taking a major step in focusing on the employment challenge. The message from the Centre is clear, it has heard the voters
A thrust on capex and fiscal consolidation combined with the ongoing recovery in rural demand, along with overall macro-economic and price stability, is aimed at crowding in private capex, which in turn will help improve medium-term growth prospects and aid in job creation in the non-farm economy
Sticking to fiscal consolidation will help draw in private investment. To complement it, Budget 2024 could have resorted to ambitious privatisation and easing compliance burden
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
Budget 2024-25: With this move PM Modi is being hailed as the 'Startup PM of India'. These changes will fuel startup fundraising and ensure that startups lead the charge.
The budget's long term capital gains provisions will reduce excess allocation of capital to one particular asset class. Another important long term benefit would be rapid formalisation of real estate investment and better capital flows from real estate into financial assets
The rise in capital gains taxes and STT has much do with the recent caution by our regulators regarding the exuberance in the markets
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
In keeping with its conservative fiscal path, the government proposed to support states with long-term loans, viability gap funding and also multi-lateral funding o support large projects.
Lowering customs duty for specific products in the budget is carefully designed approach to promote domestic manufacturing
