Finance Minister Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources said the pre-budget consultation with Sitharaman would be preceded by a meeting with Revenue Secretary Sanjay Malhotra on June 18.
Posts tagged Rediff
Factors that will drive the markets this week (16-06-2024)
With the absence of any major immediate domestic trigger in sight, investors would focus on global trends and trading activity of foreign investors for further cues in a holiday-shortened week ahead, analysts said. Movement of global oil benchmark Brent crude and rupee-dollar trend would also guide the market. “This week is a truncated one with no major triggers expected. However, we anticipate sector-specific movements amid budget-related buzz.
‘Blending Western and Indian styles is trending’ (16-06-2024)
‘The demand for international fashion labels, particularly from tier-II cities and beyond, has seen a notable uptick.’
‘Akshaya Tritiya also witnessed strong demand’ (16-06-2024)
‘Customers flocked to purchase gold in large numbers during the event.’
‘Demand will come back after the elections’ (16-06-2024)
‘The Budget will be positive, continuing on the path of growth taken so far.’
Dharavi redevelopment: No land transfer to Adani group (16-06-2024)
The multi-crore Dharavi slum redevelopment project involves no land transfer to the Adani group but to the Maharashtra government’s departments, and the Ahmedabad-based conglomerate, as a project developer, will build houses that will be handed over to the same departments for allotment to residents of Asia’s biggest slums, sources said. Denying allegations of land grab made by MP Varsha Gaikwad, sources close to the project said land parcels are to be transferred only to Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA) of the state government’s housing department.
‘Rural demand for FMCG would come up in next quarter’ (15-06-2024)
‘We are seeing signs of improvement in rural overall in terms of demand, but I would still keep my fingers crossed.’
‘FAME must include tractors and LCVs’ (15-06-2024)
‘The scheme excludes tractors, light commercial vehicles, and medium and heavy commercial vehicles.’
Here are the key triggers for NTPC (15-06-2024)
As the political uncertainty settles down, investors are reviewing their assumptions about the power sector. Demand here is likely to continue to grow strongly in the long-term at around 5-6 per cent CAGR (compounded annual growth rate) during the next 6-7 years. Given policy continuity, several trends will persist.
Markets Calm, MF Launches Accelerate (15-06-2024)
‘Investors should do proper analysis before putting in their money in NFOs as most new launches are in the high-risk thematic space.’