Election Financial News

By Julie Cazzin with Andrew Dobson

By Dawn Chmielewski

Investors are becoming more optimistic in the outlook for the U.S. economy and the market as expectation remains high that the Fed will cut rates and execute a soft landing in the months ahead.

All eyes are now on Finance Minister Nirmala Sitha... moreAll eyes are now on Finance Minister Nirmala Sitharaman's speech on 1st February.

Also Read- Budget 2024 expectations: GJEPC advocates import duty cuts, licensing reforms for gems & jewellery sector BofA Securities said that between April and November in FY24, India used up 50.7% of the full-year budgeted fiscal deficit target, which compares well versus the median 75.9% of the total that gets exhausted during April and November usually BofA Securities said that even as total expenditure continued to trace the median run rate, the outperformance was led by higher than median revenue receipts. They see higher than budgeted tax and non-tax revenue to more than offset- the potential shortfall in divestment proceeds, higher than budgeted subsidy bill, modestly higher interest expense and other revenue expenditure. BofA said that the concerns surrounding fiscal slippage in an election year are understandable.

Assam Chief Minister Himanta Biswa Sarma surged on the second day in the state. On Friday Jorhat Police registered a case against some individuals associated with the Congress' ongoing Bharat Jodo Nyay Yatra for alleged deviation from its original route. On Friday, sharpening his dig at the “Miya Yatra", Bhartiya Janata Party (BJP) leader and Assam CM Himanta Biswa Sarma said that he had asked the Congress leaders “not to pass through Guwahati, as it has medical colleges and hospitals".

made-in-India chip will be out by December, Union Minister Ashwini Vaishnaw said here, crediting Prime Minister Narendra Modi for developing a very strong semiconductor industry in the country in a short span of time with focus on the entire ecosystem. Speaking to PTI at the World Economic Forum Annual Meeting 2024, the minister said PM Modi launched a semiconductor policy in January 2022, adding that when he met senior representatives of the industry here, the one thing they all were surprised about was how this much work could be done in such a short time. «They all appreciated the policy and the fact that PM Modi has always stressed on creating a comprehensive ecosystem because not many countries have this kind of policy and therefore they could not get such success,» he said. The Minister for Communications as well as Electronics and Information Technology said the prime minister has always focussed on developing an ecosystem where there is a lot of focus on talent. «MoUs (Memoranda of Understanding) with 104 universities are already in place, their course curriculum are being revised, there is a lot of focus on design with a separate investment scheme. »Many design companies have got the benefit and they are gradually coming up in the value chain.

Sobha, Brigade Enterprises, DLF, and Macrotech Developers, rallying between 101 percent and 135 percent. Meanwhile, Godrej Properties, Phoenix Mills, Oberoi Realty, Indiabulls Real Estate and Sunteck Realty also jumped between 26 percent and 89 percent each. On the other hand, in the Nifty Energy index, NTPC was the top-performing stock, up over 80 percent in the last one year, followed by Indian Oil, Tata Power, GAIL, and ONGC, up over 50 percent each.

Budget 2024: What is Vote on Account? Significance and more… Nirmal Bang expects fiscal consolidation in FY25 with a deficit likely at about 5.5 per cent of GDP, largely driven by moderation in government capex growth at 15 per cent. The brokerage firm highlighted the following six major themes that could dominate the Interim Budget 2024. Take a look: Nirmal Bang expects the fiscal deficit to come in at 5.5 per cent of GDP in FY25, led by moderation in capex growth to 15 per cent from an estimated 36 per cent in FY24.

₹370 were higher compared to ₹357 in the previous quarter and ₹359 in the year ago quarter. The quarter also saw some moderation in raw material costs. Though demand in certain pockets and regions saw temporary impact due to state elections, labor availability in festive season, rains and floods in the South India, and construction bans in Delhi NCR and some other regions to curb pollution.

Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities, believes that any populist measure in the Budget which can increase the fiscal deficit will be seen in a negative light by the market participants. In an interview with MintGenie, he noted that any increase in taxes related to the capital markets like STT, Capital Gains, etc. can lead to a negative impact on the markets.

Stock market today: Infosys shares have been in uptrend after the announcement of Q3 results 2024 on 11th January 2024. Extending its bull trend for yet another session during Friday morning deals, Infosys share price today opened upside and went on to touch an intraday high of ₹1,665.50 per share on the NSE, which turned out its new 52-week high.

Former US President Donald Trump on Wednesday night (local time) pledged to block the creation of a federal digital currency, terming it a «dangerous threat to freedom,» The Hill reported. While addressing a rally in New Hampshire's Portsmouth, Trump said, «Tonight, I am also making another promise to protect Americans from government tyranny.» He said, «As your president, I will never allow the creation of a central bank digital currency.»

Donald Trump Jr has said that conservative pundit Tucker Carlson could make a good vice presidential running mate for his father, The Hill reported. While speaking to cable channel Newsmax about whether he would consider Carlson, Trump Jr said the option was «on the table,» according to The Hill report.

Narendra Modi's leadership. At age 41, the renowned Hollywood actress and singer has garnered significant attention in India. She is particularly known for her performances of the Indian national anthem and a well-known Hindu hymn.

By Nupur Anand

NEW DELHI : In the interim budget presented in February 2019, ahead of the last general elections, the Centre announced the flagship PM-Kisan scheme which promised a direct cash transfer of ₹6,000 every year for every farm household. The scheme, which now accounts for a lion’s share of the agriculture budget, came on the back of falling crop prices and losses for the ruling Bharatiya Janata Party in crucial state elections. Things have changed this time around.

Farooq Abdullah said there is a threat to the INDIA bloc if a consensus on seat sharing is not reached soon, asserting that some members may try to form a separate grouping. In a discussion with former Union minister Kapil Sibal on his YouTube channel, the former Jammu and Kashmir chief minister said very little time is left for the Lok Sabha elections.

Jagan Mohan Reddy's YSR Congress Party is preparing for an aggressive election campaign ahead of the assembly and Lok Sabha polls amid the challenge of rising TDP in the state. In 2019, the party registered a massive victory in both the assembly and Lok Sabha elections garnering almost 50% vote share. YSR Congress had won 151 out of 175 seats and 22 out of 25 Lok Sabha seats.

Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos

Poland's lawmakers have approved the key 2024 state budget but it still needs approval from President Andrzej Duda, who is allied with the right-wing opposition