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Image for representational purposes only. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty ended lower on July 22, dragged down by heavy selling pressure in Reliance Industries and Kotak Mahindra Bank ahead of the Budget. Besides, a weak trend in global equity markets also hit investors sentiment, traders said. Falling for the second…
The Economic Survey has projected a positive outlook for the real estate sector with housing demand set to rise on rapid urbanisation, but described legacy stalled projects as a “challenge”. “Real estate and ownership of dwellings have accounted for over seven per cent of the overall GVA (gross value added) in the past decade, highlighting…
Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 and Economic Survey 2023-24 statistical appendix in Lok Sabha. | Photo Credit: Sansad TV screengrab Finance Minister Nirmala Sitharaman on July 22 presented the Economic Survey 2023-24, along with the statistical appendix in the Lok Sabha. The Economic Survey is an annual document presented by the…
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Watch: Union Budget 2024: Insurance sector expectations The insurance sector is one of India’s fast growing and key segments within the country’s financial system. Given its sheer size, insurance is in itself an industry and makes for a strong case for reforms, continued push for regulatory changes and some tax tweaks. We look at the…
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File photo New Delhi: The outcome of the Union Budget, quarterly earnings from corporates and global trends are the major factors to drive stock market sentiments this week, analysts said. Besides, the trading activity of foreign investors, the rupee-dollar trend and the movement of global oil benchmark Brent crude are also crucial aspects to watch…
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As of the end of March 2024, NBFCs had a CRAR of 26.6%, a GNPA ratio of 4.0% and a return on assets (RoA) of 3.3%. (Representational image only) Ahead of the upcoming Union Budget scheduled to be presented on July 23, the Non-Banking Financial Company (NBFC) sector is expecting enhanced financial inclusion and reinforcing digitalisation…
Congress general secretary Jairam Ramesh. File | Photo Credit: PTI The Congress on July 12 said the forthcoming Budget must address fundamental questions such as why private investment is “very sluggish” and private consumption is not picking up as the party dismissed claims that economic growth is accelerating sharply and large numbers of jobs being…
Union Finance Minister Nirmala Sitharaman holding a folder-case containing the Interim Budget 2024. | Photo Credit: SHIV KUMAR PUSHPAKAR A ‘robot tax’ to cross-subsidise employees who lose jobs because of the adoption of Artificial Intelligence (AI) by their employers is a key item on the budget wishlist of the Swadeshi Jagran Manch (SJM), which is…
Budget 2024: Until 1999, the Budget was presented at 5 pm. Finance Minister Nirmala Sitharaman will present the full Union Budget for 2024 on July 23. The highly anticipated budget is the BJP-led NDA government’s first after its re-election for a third term. The budget is expected to outline the government’s vision for the country’s…
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Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23.(File) Finance Minister Nirmala Sitharaman will table the Union Budget on July 23. With that, she will become the first Finance Minister to deliver seven straight budgets, surpassing Morarji Desai. She presented the interim budget on February 1, 2024. Why India has two…