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 …
The Indian stock market holds its breath on Budget Day, a day steeped in anticipation and potential volatility. For investors and traders, it’s an annual test of reflexes and strategic smarts. But fear not, savvy preparation can hold the key to navigating this financial roller coaster and potentially emerging victorious. Let’s break down the pre-budget …
The upcoming Budget 2024 in India has stirred a significant debate regarding the potential reduction in import duties on electronic components used in manufacturing smartphones. A recent report from the Global Trade Research Initiative (GTRI) emphasises the success of the current tariff structure, arguing against changes that could adversely affect local manufacturing. On the other …
The interim Budget session of the Parliament is scheduled to commence on January 31st, where Finance Minister Nirmala Sitharaman will present the Union Interim Budget for the fiscal year 2023-2024 (FY24) at 11:00 am on February 1st. This will be the last financial plan to be presented by the PM Narendra Modi-led government before the …
In anticipation of the upcoming Lok Sabha polls, Finance Minister Nirmala Sitharaman is set to present the interim budget on February 1, 2024, which is today. As this pre-election budget unfolds, it would be interesting to see how the finance minister strikes a balance between populism and fiscal prudence, aiming to meet the expectations of …
