Ahead of the Union Budget 2024, we discuss the upcoming interim Budget in India and the debate surrounding welfare schemes and freebies. Prime Minister Narendra Modi opposes schemes from opposition-ruled state governments that offer cash or incentives, calling them revdis . The Indian government is likely to extend social security to domestic workers and increase funds transferred under the PM Kisan scheme. The lack of a clear definition adds fuel to the debate.
India s retail inflation likely rose for the second consecutive month in December, driven by unfavourable base effects and rising prices of pulses, tomatoes, and onions.
E-commerce platforms Myntra and Ajio are leveraging post-festival season demand with sales campaigns— End Of Reason Sale and Big Bold Sale —offering discounted fashion products. Despite the official festival season s end, companies continue offering discounts, some aligning with Black Friday and Cyber Monday. With weddings beginning in many parts of India, firms aim to sustain consumption momentum.
Historical data shows Nifty 50 experienced substantial gains in the months leading up to the general elections. Market participants hope Nifty 50 will repeat this trend before the 2024 General Election.
India s economy gets boost from spending splurge during festive season | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.