Page 7 - Udget Expectations News Today

Since its an interim budget, major reforms are not expected. Global developments may provide directional triggers.

According to data released by the statistics ministry on January 5, Indias nominal GDP growth for 2023-24 is estimated at 8.9 percent, lower than the 10.5 percent the finance ministry had assumed in this years Budget.

Even though there is no significant impact of the budget on the Nifty 50 Index, investors are often more active around this time. This generally increases the overall volatility during budget periods

Apart from marking the beginning of an important event, the halwa ceremony also recognises efforts of all members in preparing the Union Budget. Here is a recipe of the Budget halwa from celebrity chef Ranveer Brar that you can try at home

Speaking to students of University of Delhis Hindu College, Finance Minister Nirmala Sitharaman also said that India is nearly self-sufficient in most food items and even exports some of them.

K-shape refers to divergent economic graphs of different sections of the populace

Budget 2024: The CII wishlist lays out the blueprint that will help India reach the developed economy status by 2047.

It’s important to understand key terms like fiscal deficit, revenue budget, Finance Bill and budget estimates, among others, to decode the nuances of the Union Budget.

Market participants are closely monitoring the upcoming Interim Budget 2024, slated to be unveiled by the Finance Minister on February 1. Soni Patnaik of JM Financial provides insights on pre-budget positioning

Budget 2024: The interim budget for FY25, which will be presented on February 1 after the Lok Sabha elections, is likely to stay on the fiscal course-correction glide path and avoid populist spending. However, the retail industrys message of slowing consumption cannot be ignored. Indias top retailers have slowed down their store expansion this fiscal year due to a sharper focus on profitability and lower-than-expected consumption levels. Retail sales have also been affected, with a growth of onl...