Budget - Angel One

Anticipating Budget 2024 The Indian defence sector stands at a crucial juncture. With geopolitical tensions simmering and the need for self-reliance in strategic technology intensifying, all eyes are on the upcoming Union Budget 2024. While details remain under wraps, industry experts and stakeholders have voiced their expectations for the crucial allocation. As the fiscal year …

The Indian infrastructure sector is about to get a major boost! With the interim budget for FY 2024 just around the corner (February 1st, to be precise), all eyes are on Finance Minister Nirmala Sitharaman to release her plan for propelling India’s economic engine forward. And let me tell you, based on what we saw …

While everyone’s buzzing about the upcoming budget, FM Nirmala Sitharaman has thrown cold water on expectations of major announcements. Don’t despair, energy bulls! Even an interim budget can leave sparks in the energy sector, a domain destined to shine for years to come. So, let’s connect some dots and predict what could electrify our portfolios. …

As Finance Minister Nirmala Sitharaman prepares to present the upcoming interim budget on February 1, 2024, amid the backdrop of impending general elections in India, the financial landscape anticipates a pivotal moment. Departing from the norm of full-year fiscal statements, interim budgets play a crucial role in providing temporary financial plans, vital for sustaining government …

The government plays a vital role in stimulating the economy, influencing both the supply and demand sides. Understanding the role of the government is crucial for policymakers, investors, and citizens alike, as it helps evaluate the effectiveness of public policies and shape strategies for sustainable economic development in India. In this article, we will examine …

On February 1, 2023, the Union Budget was tabled by the Finance Minister in the parliament. The budget this year was critical for many reasons. It is the last full-fledged budget of the Modi 2.0 government before the general election scheduled in 2024. Apparently, FinMin offered a wholesome budget, focusing on the growth of critical …

Capital Investments- Just like the last two years, even this year there is an increase in capital investment in this industry. This time there is an increase of 33% which is INR 10 Lakh crore. This is thrice the budget for 2019-20. Results of investments- As investment in infrastructure results in a positive multiplier effect, …

Fiscal deficit for FY2024 at 5.9%. The deficit for FY2023 was retained at 6.4%. The Government in line with its aim to reach a fiscal deficit level below 4.5% of the GDP by 2025-26 has fixed the deficit for 2023-24 at 5.9%. The reduction in the Fiscal deficit figure was expected led by a reduction …

A Stunning and worth-noticing example in the Fintech industry is UPI. UPI transactions in India witnessed a growth of 650% at the semi-urban and rural stores in India. A growth of nearly 25% and 14% in value and volume, resp, in assisted financial transactions across semi-urban and rural retail counters in the country in 2022. …

Before talking about this year’s budget let’s recap last year’s budget. There were no major changes regarding Personal Income Tax last year which was totally opposite to the expectations of the middle-class population of India. But this time, there are a few important points that made the middle class smile. Rebate- As of now, people …