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₹61,000 crore, the realized disinvestment proceeds were only ₹30,000 crore in 2023-24 Revised Estimate (RE). However, the BE for the 2024-2025 is ₹ 50,000 crore, which is seemingly a realistic target. The size of the government can be affected by polycrisis—the debt crisis, war, global supply chain disruptions, energy crisis and the climate crisis.

Mint explains the numbers. Just two months ahead of the national elections, the Narendra Modi government defied the temptation to use the Budget to announce any new measure that could be deemed populist. Instead, it showed the intent for better fiscal discipline than was expected, with an eye on a medium-term consolidation path.

NEW DELHI : The Union government is discussing a proposal for state-run cooperatives to procure maize, or corn, from farmers from the next Rabi season to meet its ambitious ethanol-blended fuel target, a top official said. If the proposal goes through, the National Agricultural Cooperative Marketing Federation of India Ltd (Nafed) and the National Cooperative Consumers’ Federation Of India Ltd (NCCF) will procure maize from farmers at state-set guaranteed prices, Union food and public distribution secretary Sanjeev Chopra told Mint in an interview. Currently, biofuels such as ethanol are made primarily from sugarcane and grains such as rice and maize.

By Walter Bianchi

Colgate-Palmolive (NYSE:CL) was raised to Outperform from Market Perform at Raymond James on Monday, with analysts assigning the stock a $91 per share price target.

foreign interference program.The Immigration and Refugee Board ruled that Jing Zhang had worked for the Overseas Chinese Affairs Office (OCAO), which it said conducts espionage in Canada.While immigration officials did not argue that Zhang committed espionage, the Refugee Board found that as an 11-year OCAO employee, she had contributed to its efforts to pressure the Chinese diaspora.According to the 32-page decision, the Peoples Republic of China (PRC) uses the OCAO to silence dissent overseas.The organization “was and remains involved in espionage against the PRC‘s targeted individuals and groups in Canada,” the IRB added.“The OCAO conducting espionage, surveillance or covert monitoring of Chinese and ethnic Chinese dissidents or minorities in Canada is against Canada, and contrary to its security interests.”The decision to deport Zhang for security reasons was handed down on Aug.

The Fed's monetary policy meeting this week is being closely watched by global markets as macroeconomic data keeps undermining the need for the US central bank to start lowering rates in the first semester of the year already.

TKO Group Holdings (TKO) shares were started at Neutral with a $95 per share price target by MoffettNathanson analysts on Monday.

Dollar Tree (NASDAQ:DLTR) was lifted to Overweight from Neutral at JPMorgan in a note on Monday, with the firm raising its price target for the stock to $155 from $122 per share.

financial institutions (FIs) in the next financial year. In the interim Budget to be unveiled in the Lok Sabha on February 1 by Finance Minister Nirmala Sitharaman, sources said, the government would peg receipts from dividends from financial institutions at much higher level than Rs 48,000 crore estimated for the current fiscal. The current financial year estimate has already exceeded the Budget target as RBI paid a dividend of Rs 87,416 crore. With public sector banks and financial institutions posting good quarterly numbers during the current financial year, the dividend payout by them in the coming year would be higher compared to this year. So, it would be feasible to expect about Rs 70,000 crore as dividend payout from RBI and financial institutions in FY'25, sources said.

Karnataka Chief Minister Siddaramaiah on Monday accused the Opposition BJP and JDS of attempting to provoke people of Mandya district over the removal of a saffron flag (Hanuman Dwaj) with an eye on the upcoming Lok Sabha polls. He hit out at former CM HD Kumaraswamy saying the JDS leader participating in the protests betrayed his intentions to exploit the issue politically. He also targeted BJP leader R Ashoka and said the two leaders were playing up people against the government because of the LS polls. The district administration would not have removed the flag if the people who hoisted it had adhered to the conditions that came with the permission, the CM told the media, and added that there was no government’s failure in this. Kumaraswamy, being a former CM, had resorted to telling lies and had become a BJP spokesperson while claiming to represent a secular party, he said. The CM said he was also a Hindu who loved people of all religions as he believed in the Constitution and in the values of co-existence and tolerance. Deputy CM DK Shivakumar also endorsed the CM’s views saying the BJP was instigating people to establish its political base in Mandya.

budget Finance Minister Nirmala Sitharaman will present on February 1. From cutting down subsidies to slowing down capital expenditure to control fiscal deficit to targeting different voter groups with welfare measures, Amid all the expectations and demands from the budget and speculation and expert commentary about what all the budget might contain, what Sitharaman herself has been saying recently, not necessarily related to the budget, can yield good pointers to the direction of the upcoming budget.

Nifty Bank bounced back on Monday and rose more than 500 points to reclaim 45,000. The Nifty Bank rose 576 points to close at 45,442. The Nifty50 rallied 387 points to close at 21,739. The rally in the Nifty Bank was led by gains in IDFC First Bank, Bank of Baroda, Kotak Mahindra Bank, PNB, and Federal Bank while some profit-taking was seen in AU Small Finance Bank. The Nifty Bank bounced back after retesting 200-DMA on the daily charts last week and the momentum continued in the Interim Budget week as well. If the momentum continues, the next target is seen around 46,000, suggest experts. “Bank Nifty is in the process of retracing the fall it has witnessed from 48,300 – 44,500 and hence the pullback can continue till 46,000 – 46,200 from a short-term perspective,” Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas, said. “On the downside 45,110 is the crucial support from a short-term perspective,” he added.

Nitish Kumar's exit from the INDIA bloc, Delhi Chief Minister Arvind Kejriwal said that Kumar shouldn't have left and called it «wrong.» Kejriwal made the remark at a press conference responding to a question about Nitish forming a new government with BJP in Bihar. «He shouldn't have left, this is wrong. Such conduct is not good for democracy,» said the Delhi CM. Nitish Kumar on Sunday was sworn-in as the new chief minister of Bihar with BJP support.

In an increasingly digital world, our reliance on the internet has grown exponentially. From managing our finances and shopping to staying connected on social media, our lives are intricately woven into the online fabric. While the benefits are immense, so too are the associated risks. Cyber threats and attacks loom large, targeting not just businesses, but individuals. The question is: Are you prepared for the unexpected? Do you have a safeguard for your digital assets? Here's why investing in individual cyber insurance is not just a prudent choice; it's a necessity.

Shriram Finance jumped over 6 percent to their record high on Monday on the back of strong show in the quarter ended December (Q3FY24). Moreover, positive reviews by various brokerages post the results also aided the sentiment. The company's consolidated net profit rose 4 percent year-on-year (YoY) to ₹1,873.59 crore in the quarter under review versus ₹1,801.66 crore recorded in the same period of the previous year.

Also Read: Budget 2024: FY25 fiscal deficit likely to be estimated at 5.5% of GDP, say economists “Government’s commitment to fiscal consolidation will be in focus for fixed income investors. Since the government has committed to target a 4.5% fiscal deficit by FY26, the bond market will be keenly looking at consolidation from 5.9% in FY24. The continuation of capex expenditure will be keenly observed.

Somesing, a popular blockchain-based social karaoke platform in South Korea, has fallen victim to an exploit resulting in the loss of approximately $11.58 million.

RIL) on Monday rallied over 5% to hit a fresh 52-week high of Rs 2,826 on Monday with its market capitalisation crossing the threshold of Rs 19 lakh crore. RIL's December quarter results were largely in-line with market expectations with its O2C EBITDA dropping 14% QoQ to Rs 140.6 billion due to maintenance in multiple units combined with lower cracks & deltas. Jio’s EBITDA was up 1.4% QoQ to Rs 142.6 billion, while Retail EBITDA rose 8% QoQ to Rs 62.7 billion. RIL's profit after tax stood at Rs 19,641 crore in Q3FY24, down 1.2% QoQ and up 10.3% YoY and above market expectations of Rs 18,080 crore.

Minister of Parliamentary Affairs, Pralhad Joshi is set to convene a meeting of the floor leaders of various political parties in both Houses of Parliament ahead of the Budget Session. Before each parliamentary session, it is a standard procedure for leaders of various political parties to outline the issues they intend to raise, and the government provides them with a preview of its agenda while seeking their cooperation. It will be a short session this time, between January 31 and February 9, with Finance Minister Nirmala Sitharaman set to table the interim budget ahead of the Lok Sabha polls. The new government will present the full-fledged budget. The session will begin with President Droupadi Murmu's address to the joint sitting of the two Houses of Parliament.

Adani Enterprises with an ‘Overweight’ rating and a target price of ₹4,368 per share, expecting an upside of over 50% on Adani Enterprises shares. Adani Enterprises share price jumped over 5% in early trade on Monday. The stock gained as much as 5.89% to ₹3,065.15 apiece on the BSE.