To resolve complications and ease financial year closure, the Reserve Bank of India, Insurance Regulatory Development Authority of India (IRDAI) and the Income Tax Department have made March 31 as a working day.
Indian state-owned companies stocks surged in FY24, outperforming mid- and small-cap stocks. BSE PSU index nearly doubled, boosted by govt s capex spending hike and anticipated BJP victory. Railway, power, defence, and oil sectors also showed impressive gains.
India's Reserve Bank, Insurance Regulatory Development Authority, and Income Tax Department have declared March 31 as a working day to facilitate timely financial transactions and tax obligations.