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.
Former Union Minister and BJP MP Anurag Thakur, along with MPs Bansuri Swaraj and Hemang…
Defence Minister Rajnath Singh addressed the inaugural session of the Indian National Academy of Engineering's…
Speaking at his annual press conference in Moscow, Putin acknowledged India’s rising global stature and…
As Mahakumbh 2025 draws near, the Yogi government is finalizing preparations for this grand spiritual…
The 70-year-old cancer patient is protesting at Khanpur, the Punjab-Haryana border, demanding a legal guarantee…
Kapil Dev was seen at a private event, which was organised by the Adani Group…