Budget 2024: Here's why budget presentation date was shifted from February 28 to February 1
January 23, 2024 16:06 ISTThe Union Budget was presented at 5 pm on the final day of February before 1999, following the practice in British India.
The Union Budget was presented at 5 pm on the final day of February before 1999, following the practice in British India.
The increase in the import duty, effective January 22, is aimed at regulating imports and supporting the domestic economy.
The number of weekly attacks per organisation reached 2,138 in India, a 15 per cent surge since the previous year.
India's stock market value surpassed the USD 4 trillion mark for the first time on December 5, 2023, with significant growth observed in the past four years.
In the early trade, the 30-share BSE Sensex climbed 561.13 points to 71,984.78. Meanwhile, the Nifty was also up by 160.45 points to 21,732.25 points.
On the occasion of Pran Pratishtha of Ram Lalla at the Ram Temple in Ayodhya, Mukesh Ambani attended the event along with his wife Nita Ambani and other family members.
Ayodhya Ram Mandir inauguration: Mukesh Ambani, Gautam Adani, and other prominent figures granted leaves to employees, organised special pujas, and marked the occasion with philanthropic announcements.
While several government initiatives as well as steps taken by private insurers are working towards ensuring adequate health coverage to the larger population of the country, this segment of our population whom we typically qualify as ‘Young Indians’ is still largely not covered by health insurance.
The government is considering expanding the Production-Linked Incentive (PLI) scheme in the upcoming interim budget, aiming to boost the manufacturing sector and employment. Sectors like garments, jewellery, and handicrafts may be included in the PLI scheme, currently available for 14 sectors.
Ayodhya has secured an investment of Rs 49,000 crore at the 2023 Global Investor Summit held in Uttar Pradesh, signalling a new era of economic prosperity for the region.
Foreign portfolio investors made a net investment of Rs 13,047 crore in equities from January 1 to January 19, according to data from the depositories.
The government has allocated a record-high provision of Rs 10 lakh crore for capital expenditure in FY24, a significant increase from Rs 4.39 lakh crore in FY21.
Several companies operating in the consumer space have activated on-ground marketing campaigns by putting up large numbers of hoardings, gate branding, shopboards, and kiosks offering products to devotees arriving in the holy city for the Ayodhya Ram Temple.
The government officially designated Shri Ram Trust as a site of historic significance and a place of renowned public worship for the purpose of Section 80G(2)(b), effective from FY21.
The major contributing sectors were electronics, pharmaceuticals, cotton yarn, fabrics, ceramics, meat, dairy, poultry products, fruits, vegetables, and information technology.
January 22 will be a trading holiday after the Maharashtra government declared a holiday for the consecration of the Ram Temple in Ayodhya. The stock markets will also remain closed on Friday for Republic Day.
ICICI Bank's core net interest income rose by 13.4 per cent to Rs 18,678 crore, while the net interest margin narrowed from 4.65 per cent to 4.43 per cent year-on-year.
Reliance Industries, Tata Consultancy Services, HDFC Bank, Hindustan Unilever, and State Bank of India's market valuations declined among the top 10 companies.
Stock market update: Hindustan Unilever Ltd on Friday reported an 1.08 per cent increase in consolidated net profit at Rs 2,508 crore in the third quarter ended December 2023.
Ram Mandir's 'Pran Pratishtha' will be held on January 22 in Ayodhya. The consecration ceremony of Ram Lalla's idol will be performed by PM Modi. The grand event will be attended by more than 7,500 eminent guests including over 4,000 saints.
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