Customs duty changes and skilling moves in Budget 2024 to benefit healthcare
Duty exemption on some cancer medicines will make treatment more accessible. In future, budget needs to consider higher healthcare allocations
Finally, getting down to the brass tacks in a budget
Slow creation of formal jobs has been India’s primary economic weakness. Addressing it was the budget’s underlying focus. Jobs will be the theme that will reverberate over the next five years
Should the Budget have set a higher capex target?
India is not shying away from capex, but rather setting the stage for structural capex trends. The stage is set for structural long-term growth and rating upgrades down the road!
Changes in STT, LTCG, STCG will be forgotten quickly, focus to shift on US Presidential election
The change in STT, LTCG, STCG tax structure was a negative surprise for the market to an extent that the marginal hike in tax rates has become a mood spoiler. The only impact it will have is sentimental in nature and not economical/fundamental in nature
Seizing Global Opportunities: Budget 2024's vision for India's future
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
India budget extends economic momentum to social equity
The budget carries a futuristic tone, as it sets up the roadmap for long-term vision of developed economy. It has also laid the foundation to bring inclusive and sustainable growth trajectory
Budget 2024 a bold fillip to Atmanirbharta of private capital
With the government’s backing, the private capital industry is poised for growth. It’s a bold step towards Atmanirbharta and it could propel India to greater heights
Budget scraps controversial angel tax, eases burden on startups
India has made a significant stride by abolishing the contentious angel tax. This tax, which levied charges on startups raising capital above fair market value, had been a longstanding issue causing distress among founders, companies, and angel investors alike. The move aims to alleviate harassment and uncertainty faced by entrepreneurs and investors
Mohamed El-Erian: Why I am now optimistic that economies can break out of a rut
For the first time in two decades, the potential for a step up in western growth is real and promising
DPI Dominates, AI Awaits: India's 2024 Budget charts digital course
Budget 2024 demonstrates India's commitment to leveraging its digital advantages. The focus on DPI and support for startups are commendable steps but a more comprehensive strategy for AI will be crucial to realise India's potential
Union Budget 2024 charting course for 'Viksit Bharat'
The budget's theme resonates with the aspirations of a young nation and is also a strong start towards the goal to achieve fiscal deficit target of 4.9% of GDP for FY 24-25.
July Flash PMI signals strong growth, higher inflation
Selling prices rose to the greatest extent since February 2013
The Budget provides a blueprint for the future
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
With the Budget's removal of angel tax, will the pearly gates open for startup investment?
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
Budget’s focus on solar power underscores commitment to energy transition goals
Higher budgetary allocation under reform-linked and result-oriented capex scheme and power system strengthening will help state discoms improve their operational efficiencies
No major direct sops for auto sector in Budget 2024
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
Budget 2024 outlines roadmap for 'Viksit Bharat', focus on poor, women, youth and farmers
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
Will the government walk the talk on IBC reforms announcements?
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
Digital initiative, financial inclusion and MSME troika takes centre stage for Budget 2024
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
Chart of the Day: A snapshot of budgetary trends in the last 10 years
Both central government expenditure and fiscal deficit are still considerably above pre-pandemic levels
Budget sticks to fiscal prudence -- and a jobs promise
Capex has perhaps peaked in this budget, but the thrust on employment has the potential for a jobs-linked incentive scheme
ICICI Prulife must work past its Ulip-driven growth for profitability
Unit linked insurance products are selling like hot cakes, driven by a bullish market.
Investors will remain positive post Budget on Indian fixed income assets
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
Strategies for traders to thrive in a higher STT regime, post Budget 2024
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
A Game-Changer Budget: Angel tax axed, MSMEs empowered
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
