Finance Minister Nirmala Sitharaman is set to unveil the Interim Budget for the fiscal year 2024-2025. The budget will focus on fiscal consolidation and controlled growth in capital expenditure. The funds allocated in this interim budget will sustain the country until the new government assumes office post-elections. Major policy announcements are generally avoided in interim budgets to prevent financial burdens on the succeeding government.
"Risk weight changes have been talked about for some time now. Finally, they have been put into place. Expect moderation on the unsecured side, more so with respect to some of the fintech-led originations, we expect some bit of a moderation on that side. At the same time, over the next 6 to 12 months as these changes play out, it would allow some of the well-capitalised companies to emerge stronger. "
Civil society battles to clear name lestimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lestimes.com Daily Mail and Mail on Sunday newspapers.