What changes with new Banking Laws?
Finance Minister Nirmala Sitharaman introduced the Banking Laws (Amendment) Bill, 2024 in the Lok Sabha today.
Finance Minister Nirmala Sitharaman introduced the Banking Laws (Amendment) Bill, 2024 in the Lok Sabha today.
The BSE Sensex settled 73 points lower at 80,429 on the Budget day, and the Nifty50 ended at 24,479, down 30 points.
In her Budget speech, the FM announced a reduction on Basic Custom Duty (BCD) on gold and silver from 10% to 6%.
Between 2014 and 2023, Sensex closed higher seven times on the Budget day, while it settled in negative terrain on three occasions.
The White Paper says that in 10 years of rule of the UPA govt the public finances were in bad shape
The average tax-GDP ratio for FY15 to FY24 RE is about 10.95%, higher than the ten-year average of 10.5% during 2005-14.
Why FM Nirmala Sitharaman's Interim Budget sets the tone for continuity during full Budget in July.
There are mixed opinions about the success of the scheme. A senior rural development professional calls it a 'populous measure'.
Fiscal deficit for the current financial year has been revised to 5.8% of GDP, in comparison with 5.9% earlier.
“We continue on the path of fiscal consolidation, as announced in my Budget Speech for 2021-22, to reduce fiscal deficit below 4.5% by 2025-26," says finance minister.