Budget 2024: High expectations..! Stock markets in rise..?
Budget 2024: High expectations..! Stock markets in rise..?
Stock markets have started slightly higher ahead of the presentation of the Union government Budget. With the lok sabha elections to be held in a few months, the Interim Budget is being tabled in parliament today. Union Finance minister nirmala sitharaman will present the budget in parliament today at 11 am. Also, the budget will be presented for the first time in the new parliament building. This is the last budget of prime minister Narendra Modi's tenure. nirmala sitharaman is now set to present the budget for the sixth time in a row. Although it is an interim budget, many people like farmers, middle class, and entrepreneurs are waiting for the budget announcements.
Stock markets have started slightly higher ahead of the presentation of the Union government Budget. With the lok sabha elections to be held in a few months, the Interim Budget is being tabled in parliament today. Union Finance minister nirmala sitharaman will present the budget in parliament today at 11 am. Also, the budget will be presented for the first time in the new parliament building. This is the last budget of prime minister Narendra Modi's tenure. nirmala sitharaman is now set to present the budget for the sixth time in a row. Although it is an interim budget, many people like farmers, middle class, and entrepreneurs are waiting for the budget announcements.
What to expect on a budget?
It is also said that in this budget, the central government led by prime minister Narendra Modi is likely to allocate funds for infrastructure, excluding the welfare schemes that incur huge expenses given the parliamentary elections. Through this, it is expected that they will try to reduce the cash deficit in the budget. It is worth noting here that the Investment Information and Credit Rating Agency (ICRA) said that while major policy changes, and major announcements like income tax relief are unlikely in the interim budget, the expansion of government capital expenditure and the extent of fiscal consolidation will be carefully considered.