fiscal year
| April 1, 2024, 11:53 a.m.
Stock Markets Open New Fiscal Year on Strong Note, Sensex and Nifty Hit Fresh Record Highs
The stock markets commenced the new fiscal year on a robust footing, with both the Sensex and Nifty reaching new record highs during intra-day trade. Supported by positive trends in Asian markets and increased foreign fund inflows, the Sensex surged by 363.20 points to settle at 74,014.55, while the Nifty climbed 135.10 points to reach 22,462. Metal stocks led the gains, buoyed by encouraging Chinese PMI data indicating economic recovery. The positive sentiment is bolstered by expectations of a Fed rate cut in June and strong domestic earnings growth forecasts for Q4FY24.
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Cash - Fiscal Deficit
| March 31, 2024, 9:51 a.m.
Centre's Dividend Receipts from CPSEs Exceed Revised Estimate by 26% to ₹63,000 Crore
The actual dividend collections for the fiscal year 2023-24 have exceeded expectations, with CPSEs delivering a remarkable financial performance. Dividend tranches from key entities like ONGC, Coal India, and others have boosted government revenues and shareholder interests. These dividends not only reflect the health of CPSEs but also serve to maintain investor interest in PSU shares.
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Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
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