Finance Minister Nirmala Sitharaman is set to present her ninth consecutive Budget in Parliament today at 11:00 AM.
The focus is expected to be on boosting GDP growth, generating jobs, increasing infrastructure spending, and reforming the import-export framework, while maintaining fiscal discipline.
The common taxpayer may see higher standard deductions and the introduction of joint ITR filing for couples. Fiscal consolidation remains a priority, with attention on India’s debt-to-GDP ratio.
The Indian stock market is open today for a special session. Key rules: no same-day settlement, sales of Friday’s stocks not allowed today, and proceeds will be credited on Monday. Commodity markets (MCX and NCDEX) remain open.
Also Read: Sitharaman Set To Unveil Union Budget Amid Global Headwinds And Fiscal Balancing Act
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