by OverviewFX | Jan 30, 2024 | Budget
Budget 2024: No major moves in the budget; capex to normalise, fiscal deficit at 5.3% in FY25, say economistsThe Indian government will target a lower deficit in the 2024-25 fiscal year despite lifting capital expenditure to an all-time high, according to a Reuters...
by OverviewFX | Jan 30, 2024 | Budget
~Shrishti SharmaIndia boasts immense untapped potential as the world’s third-largest economy by Purchasing Power Parity (PPP). Despite having the world’s second-largest population, it contributes only 7% to the global output. India’s service sector is a...
by OverviewFX | Jan 30, 2024 | Budget
The Pension Fund Regulatory and Development Authority (PFRDA) has submitted to the Finance Ministry its budget wish list, emphasizing the need for tax breaks for NPS contributions, akin to the Section 80C deduction provided in the old tax regime. Such incentives,...
by OverviewFX | Jan 30, 2024 | Budget
The cryptocurrency industry is hopeful that the Union Budget will revisit the existing taxation structure on virtual digital assets (VDAs). Key expectations include the establishment of a self-regulatory body for the crypto and blockchain sectors, as well as the...
by OverviewFX | Jan 30, 2024 | Budget
Finance Minister Nirmala Sitharaman has been keeping it subtle with the Union Budget 2024. Given its vote-on-account nature, spectacular announcements might not emerge.This prompts a retrospective glance at Union Budget 2023, analysing echoes from the past...
by OverviewFX | Jan 30, 2024 | Budget
Budget expectations: As we stand on the brink of a new fiscal year, the Reserve Bank of India (RBI) projects the Indian economy to grow by 7% in 2024, showcasing the resilience and dynamism of the economy. This growth trajectory is underpinned by the concerted efforts...
