MUMBAI: Since finance minister Nirmala Sitharaman‘s fifth Budget on Feb 1, 2023, Indian investors have become richer by a staggering Rs 174 lakh crore – translating to about $2.1 trillion at the current rupee-dollar rate. In the same time, the sensex has risen 31% (nearly 21k points) while Nifty has outperformed its more popular peer…
NEW DELHI: Finance minister Nirmala Sitharaman is all set to present the first budget of Modi 3.0 in Lok Sabha on Tuesday. Union budget 2024-25 will be her seventh presentation of the budget as finance minister. With this, she will also break the record of Morarji Desai’s six budget presentations.Desai, who was the country’s Finance…
The Indian economy has recovered and expanded in an orderly fashion post-pandemic and the real Gross Domestic Product (GDP) in 2023-24 was 20 per cent higher than its level in pre-pandemic 2019-20, according to the Economic Survey 2023-24 tabled on Monday in the Parliament. This, as per the Survey document, is a feat that only…
NEW DELHI: Finance minister Nirmala Sitharaman‘s seventh Budget will do a tight rope walk as she looks to strike a balance between the need to spend more on social sector schemes amid calls from allies for additional assistance to states, while seeking to address demands for a reduction in personal income tax and yet ensuring…
NEW DELHI: IMF on Tuesday revised the growth projection for India to 7% during the current financial year, compared to the earlier estimate of 6.8%, citing upward revisions to growth last year and improved prospects for private consumption, especially in rural areas. The assessment will provide comfort to analysts and policymakers as rural demand is…
Representative Image New Delhi: Gems and jewellery exporters on Tuesday sought a reduction in import duty on hold, silver, and platinum bars to 4 per cent in the forthcoming Budget. In a pre-budget meeting with Finance Minister Nirmala Sitharaman here, the Gems and Jewellery Export Promotion Council said the Indian gems and jewellery industry contributes…
Budget 2024 date: The Union Budget 2024 is likely to be unveiled by Finance Minister Nirmala Sitharaman on July 22. This will be the first comprehensive Budget presented by the Modi 3.0 government since assuming office.Prime Minister Modi’s administration will prioritize addressing the challenges faced by the agriculture sector, creating jobs, sustaining the momentum of…
When will BSE Sensex hit the 1 lakh milestone? Market analysts and experts are optimistic about the Indian equity markets scaling new highs with the Narendra Modi-led NDA government retaining Nirmala Sitharaman as the Finance Minister. During her first tenure as India’s Finance Minister, the Sensex experienced a remarkable 93% jump!According to an ET analysis…
Budget 2024: The Union Budget 2024, likely to be presented by Finance Minister Nirmala Sitharaman in early July, is expected to outline the Narendra Modi government‘s vision for the next five years. It will also be closely monitored for the next-generation reforms that the finance minister announced in the interim budget in February.As Sitharaman returns…
New Delhi: With the swearing-in of Narendra Modi’s council of ministers over, the question uppermost on everyone’s mind is who will be the next finance minister. Will Nirmala Sitharaman stay in the wood-paneled office on the first floor of North Block, which is home to the finance ministry, or will she move to another ministry…
