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The Ministry has sought feedback until March 20, 2024.
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The bills were returned to Lok Sabha following Finance Minister Nirmala Sitharaman's response to the discussion. On Wednesday, the Lok Sabha passed these bills.
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The Reserve Bank of India (RBI) is widely expected to keep the repo rate steady at 6.5% for the sixth consecutive time during its February monetary policy committee (MPC) meeting on February 8, according to analyst consensus. Although markets have already factored in this expectation, experts suggest that any hints of a rate cut in near future from Governor Shaktikanta Das could ignite a fresh rally. The RBI has kept the repo rate unchanged since February 2023 as inflation largely remained in-line within the 2-6% target range. It remains to be seen what the RBI MPC decides to do following the interim Budget. To know more about it watch his address.
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The Finance Bill, 2024, does not propose any change in the tax structure as the final budget will be tabled in July after the new government assumes office post the general elections in April-May.
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PM Modi LIVE | Prime Minister Narendra Modi replies to the Motion of Thanks on President’s address in Rajya Sabha.
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Moneycontrol has put together a tracker 'Budget and Markets' with the key takeaways: the big numbers, gainers and losers, themes that will sustain growth, stocks to invest in, key triggers for overall markets, and more.
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For investors looking for cues from the interim budget, the Modi government had a clear message: political confidence and a government in full command ahead of Lok Sabha polls
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The government's strategy is centered on maintaining fiscal prudence for long-term economic resilience, propelling growth, and attracting foreign capital.
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FM Sitharaman raised FY25 capex target by 11.1% to Rs 11.1 lakh crore, whereas, the fiscal deficit has been lowered to 5.1% from 5.8% in FY24
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While India has been well-known for its medical and religious tourism, the success of the G20 Summit showcased India’s robust MICE infrastructure and cultural and natural heritage to the world. Finance Minister Nirmala Sitharaman announcing plans to make India a global tourism hub will act as a fillip.
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A day after the Interim Budget, Union minister for power RK Singh, providing further clarity on the scheme, said those who availed low-income houses under the Pradhan Mantri Awas Yojna will be considered in this. He added that households with power consumption more than 300 units per month will have to install rooftop solar on their own, even as they will be eligible for enhanced subsidies.
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Vinayak expressed optimism, particularly in renewable energy, and also highlighted efforts in renewable power generation and the government's softened stance on coal thermal capacity
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I would like to remain focused on themes like energy, PSU, metals and cement, says Founder and CIO of Quant Group.
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The full budget is sure to have higher allocations for infrastructure spending, even going up to 40 percent. A higher fiscal deficit may not be a bad thing, provided there is nation building happening, says Chatterjee.
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The policy mandating phased blending of CBG for both CNG and PNG is a strategic step that aims to green the gas supply chain while addressing the growing concerns of environmental degradation and the need for cleaner energy sources.
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Infrastructure, tourism, defence, consumption and railways are among the key sectors that stand to benefit from the announcements made on February 1, fund honchos say.
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The interim budget has identified some clear winners and losers in the stock market, highlighting the impact of fiscal measures on the sectors. While several sectors stand to gain from the budget measures, some may feel the pinch due to the status quo on taxes
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The higher education department has received Rs 47,619 crore in the Budget 2024, a decline of 18 percent from Rs 57,244 crore (per revised estimates) it received in 2023-24
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The Interim Budget 2024 played it mostly safe when it came to scheme outlays. The biggest beneficiaries were the Pradhan Mantri Gram Sadak Yojna and Pradhan Mantri Krishi Sinchai Yojana.
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With two major events — India's budget and US Fed meeting — out of the way, analysts expect markets to take support from the ongoing Q3 earnings season, and remain in positive territory
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Moneycontrol was the first to break the news on January 29 about PM Modi's plan to launch projects worth nearly Rs 69,000 crore in Odisha in February, of which at least Rs 58,000 crore will be for coal and power projects alone.
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Prashant Jain believes that given the scale at which the government is planning the solar rooftop plan, the utilities space will become crowded. However, he sees some good investment options in the utilities supply side.
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The Prime Minister's four pillar plan to build India into a global superpower.
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The Budget has been received mostly positively by the industry bosses
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We had hoped that this year the budget will include, among other reforms, policy upgrades to classify investment trusts as an equity or equity-like instrument or allow us to participate in mainstream indices, but lack of any major update has left the sector disappointed.
