Stock markets saw an optimistic start on Thursday ahead of the interim Union budget preceding national elections later this year. As of 9:15 am IST, Sensex traded at 71,765 points, with NSE Nifty 50 opening 20 points higher at 21,746. Prime Minister Narendra Modi is expected to prioritize infrastructure over new welfare programs, focusing on narrowing the budget gap.
While significant policy changes are not anticipated, scrutiny will be on government capital expenditure and fiscal consolidation, according to ICRA. Finance Minister Nirmala Sitharaman is scheduled to unveil the budget for the financial year 2024-25 at 11 am.
Also Read: Government Budget: Anticipated Announcements for Women and Farmers
However, fintech firm Paytm witnessed a 20% decline in its shares after the Reserve Bank of India imposed restrictions on Paytm Payments Bank, citing supervisory concerns, preventing fresh deposits and credit transactions across its services.
Posting a photo of the meeting on the social media platform X, Acharya Pramod Krishnam…
Colonel Mustafa urges youth to use geography actively for disaster management, policy, and national development.
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PM Modi, Amit Shah, and leaders extend birthday wishes to Bharat Ratna LK Advani.
Justice Vikram Nath praised PM Modi’s vision for inclusive, tech-driven justice and legal empowerment.
Justice Surya Kant urged empathetic, tech-driven legal aid reforms to make justice accessible and inclusive.