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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. "

From the blog of Leon Moscona at The Times of Israel

From the blog of Leon Moscona at The Times of Israel

On today’s episode of The Backstory, host Lee Stranahan discussed current events including R. Kelly being sentenced to thirty years in prison, and Secret... 30.06.2022, Sputnik International