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Given the impending Lok Sabha elections projected for April to May 2024, the budget is likely to refrain from major declarations. The detailed budget unveiling will take place post elections and the formation of a new government. Here's a look at key sectors that will be in focus this year.
The government may take steps to nudge greater retail participation and deepen the bond market in the interim budget 2024. Markets have hit record highs reflecting strong investor sentiment, but consolidation is possible. Fiscal deficit numbers will be closely tracked, along with capital expenditure, rural & housing scheme spends, and taxations. Bond investors may see tweaks to make the segment more attractive, and interest rates are expected to lower, leading to capital gains. The budget will focus on infrastructure, PLI schemes, green energy, agriculture, rural, FMCG, and auto sectors.
A 30-year-old woman from Uttar Pradesh was rescued from the Daltonganj railway station located under the Dhanbad division of the East Central Railway by three personnel of the RPF Garhwa road railway (junction) post on Saturday night and handed over to her husband under ‘Operation Dignity’.
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The Government Railway Police (GRP) seized cannabis, gold, and heroin in three separate operations.