During the introduction of the Union Budget 2022-23 on Tuesday, Finance Minister Nirmala Sitharaman told Parliament that the Center’s Production Linked Incentive (PLI) Scheme has the potential to generate 60 lakh new employment over the next five years. “The PLI Scheme for obtaining Atma Nirbhar Bharat has had a great response, with the potential to …
As Finance Minister Nirmala Sitharaman prepares to unveil the Union Budget 2022 on February 1, the salaried class is hoping for a rise in the income tax threshold, which has not been raised in many years. To help taxpayers, the government should enact legislation that expands the ELSS category savings to include fixed incomes rather …
Budget 2024-2025 In the recent Interim Budget announcements, significant financial highlights include the launch of solar power schemes, providing potential annual savings of Rs 15,000-18,000 per household with rooftop solar panels. The government aims to enable 1 crore households to receive 300 units per month for free. In the housing sector, the PM Awas Yojana …
The Indian government’s Interim Budget 2024, presented on February 1, 2024, brought good news for the agriculture sector. Finance Minister Nirmala Sitharaman announced several initiatives aimed at boosting farmers’ income, promoting value addition, and enhancing overall growth. Here’s a breakdown of the key announcements: Doubling Down on Success Pradhan Mantri Kisan Sampada Yojana (PMKSY) This …
As the Indian stock market braces itself for the much-anticipated interim budget of 2024, scheduled for presentation today, February 1, a flurry of buying activity has been observed in select stocks. These stocks, seemingly poised for potential gains in anticipation of budget-related announcements, have attracted significant investor interest, hinting at where market sentiment might lie. …
A few stocks witnessed a dramatic sell-off on February 1st, 2024, following the presentation of the interim budget by Finance Minister Nirmala Sitharaman. While the interim budget, being presented in an election year, was widely expected to be a “vote on account” with limited changes, the specific details of the announcement appear to have triggered …
On Thursday, February 1, 2024, the Union Finance Minister Nirmala Sitharaman presented her 6th consecutive Union Budget ahead of the Parliamentary elections. This Union Budget is for the upcoming financial year 2024-25. As it is the last one before the Lok Sabha elections, the budget is an interim one. The full budget will be presented …
Today, Finance Minister Nirmala Sitharaman announced the last interim budget before the impending general elections, covering the government’s focus on various sectors, including infrastructure, railways, renewable energy, housing, and more. Inside the budget, the finance minister made a significant announcement regarding renewable energy. To turn households into power generation units, the central government will focus …
In recent years, India has witnessed a significant surge in its infrastructure development initiatives, driven by the government’s commitment to fostering economic growth and creating employment opportunities. In today’s Interim Budget of 2024, we heard some announcements related to infrastructure development. To build on the enormous impact of the capital expenditure that has tripled over …
Setting the Stage for Fiscal Exploration As the global economic landscape undergoes transformative shifts, India emerges at the forefront with the International Monetary Fund (IMF) revising its growth forecast to an encouraging 6.3% for FY24. Projections place India on track to surpass Japan and Germany, becoming the world’s third-largest economy, boasting a targeted GDP of …
