by OverviewFX | Jul 23, 2024 | Budget
Finance Minister Nirmala Sitharaman announced that India’s capital expenditure (capex) outlay for the fiscal year 2025 will remain at Rs 11.11 lakh crore, same as the allocation made in February. This represents a significant increase from the previous year’s revised...
by OverviewFX | Jul 23, 2024 | Budget
Union Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday announced that angel tax will be abolished for all investors.The announcement was made during the presentation of Budget 2024-25 in Lok Sabha.The Angel tax was introduced in 2012, intended to...
by OverviewFX | Jul 23, 2024 | Budget
NEW DELHI: Equity benchmark indices Sensex and Nifty plummeted after Union finance minister Nirmala Sitharaman announced an increase in the Securities Transaction Tax (STT) on Futures and Options (F&O) securities while presenting the Union Budget 2024-25. She...
by OverviewFX | Jul 23, 2024 | Budget
In a bold move to invigorate economic growth and transform the financial landscape, the Budget 2024 introduces a comprehensive suite of initiatives designed to bolster infrastructure, streamline business operations, and expand digital and green finance. The government...
by OverviewFX | Jul 23, 2024 | Budget
The government is aiming for the fiscal deficit target of 4.9 per cent of GDP in Budget Estimates 2024-25 in line with the glide path of fiscal consolidation to reach a fiscal deficit below 4.5 percent by FY 2025-26. “Notwithstanding continued global...
by OverviewFX | Jul 23, 2024 | Budget
The government has further trimmed its fiscal deficit target for FY25 to 4.9% of the Gross Domestic Product.This target aligns with the aspiration of beating the fiscal deficit target of 4.5% of GDP by FY26.During the interim budget 2024, the Finance Minister had set...
