Nirmala Sitharaman Exclusive LIVE: The big interview! Catch Finance Minister, Nirmala Sitharaman in an exclusive conversation with Network 18 s Editor-In-Chief, Rahul Joshi at 4 pm today.
FM Sitharaman’s speech has put the spotlight on entrepreneurs, startups and MSMEs. The Budget has stayed true to the promise of investments in infrastructure and growth taking India on course to become Viksit by 2047
Budget 2024 News LIVE Updates: Nirmala Sitharaman focused on affordable housing, capex, and maintained taxation status quo in Budget 2024. She opted for fiscal prudence foregoing extravagant spending on social schemes before the upcoming election. The decision reflects Modi government s confidence in securing a rare third term, buoyed by high approval ratings.Despite the approaching election, tax policies remained unchanged, and significant subsidies on food, fertilizers, and fuel saw an 8% reduction. The allocation for a rural employment scheme remained steady. Analysts, including Shilan Shah from Capital Economics, interpret these moves as a sign of the ruling Bharatiya Janata Party s (BJP) assurance in securing another electoral triumph.Finance Minister Nirmala Sitharaman presented a budget aiming to sharply reduce the budget gap to 5.1% of GDP in 2024-25, revising the current fiscal year s gap lower to 5.8%. The budget emphasized fiscal consolidation while achieving a historic high
With two major events India s budget and US Fed meeting out of the way, analysts expect markets to take support from the ongoing Q3 earnings season, and remain in positive territory