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 …
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. …
The Union Budget 2023-24 was presented on February 01, 2023, by the Union Finance Minister, Smt. Nirmala Sitharaman. The Budget aims to build upon the foundation laid by the previous budget and create a blueprint for India’s future growth. This is the final Budget of the Modi 2.0 government before the Next General Elections in …
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 …
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, …
Budget 2023 : Live Updates Our Finance Minister, Smt Nirmala Sitharaman, has opened the budget with growth undertones & optimism, announced India’s economic outlook is better than pre-pandemic years The government has announced focus on infrastructure & manufacturing with an incremental welfare spending. Stay Tuned for more updates. January 31, 2023 06:28 PM Union Budget …
The Finance Budget of 2022 is expected to go live on February 1, 2022. While the D-street is looking forward to the budget session, it is going to be quite a task for the Finance Ministry as the goal of becoming a $5-trillion economy by 2025 presents several challenges. With the risk on Covid-19 cases …
India’s biggest lender, i.e. State Bank of India, has provided an estimation of a 6.3% reduction in this country’s budget deficit in the upcoming financial year. Soumya Kanti Ghosh, an economist of SBI, predicts a gradual consolidation of this fiscal deficit to complement the slow recovery of India’s economy. He assumes that expenditure will grow …
The markets have seen a lot of volatility in recent times. First, the high in early 2020, then the crash followed by a recovery that managed to wipe out the March 2020 lows. Last week, the Sensex and Nifty scaled all-time highs at 50k and 14700, and later closed lower, unable to sustain the peaks, …
One of the big worries in the post-GST scenario is how the GST will impact your household budget. Remember, there are some key components pertaining to your household budget that are going to be impacted. Your household budget includes spending on food, clothes, rentals, EMIs, education, fuel and future planning. The GST is likely to …
