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As the central bank held key policy rates steady, the EMIs on home and auto loans are likely to remain stable for some more time. The RBI has kept interest rates unchanged since February 2023.
India's Finance Minister, Nirmala Sitharaman, presented the Union Budget, positioning it as a foundation for developing India into a 'Viksit Bharat' or a developed nation by 2047. The budget, totaling INR 47.66 lakh crore, spans various sectors with a focus on social justice, fiscal prudence, and fiscal deficit reduction. Experts view the budget as laying the groundwork for an empowered and inclusive India, echoing Prime Minister Narendra Modi's vision.
Lohia: A comprehensive policy on the components for Electric Vehicles (EV), inclusion of commercial vehicles for incentives, clarity on the Goods and Services Tax (GST) on spare parts and consistency on the policy front, are the expectations of industry players from the forthcoming Interim Budget for transition from petrol/diesel vehicles to EVs.
A comprehensive policy on the components for Electric Vehicles (EV), inclusion of commercial vehicles for incentives, clarity on the Goods and Services Tax (GST) on spare parts and consistency on the policy front, are the expectations of industry players from the forthcoming Interim Budget for transition from petrol/diesel vehicles to EVs.
Sitharaman is scheduled to present the interim Budget 2023-24 in the Lok Sabha on February 1