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Union Budget 2024-25. Here is how the fund managers and mutual fund advisors decode the Budget announcement and what mutual fund investors should do.

₹78,000 crore with an emphasis on the monetization of assets). Therefore, if the budget promises a fiscal deficit of 4.9% as a proportion of GDP, it is believable. So is 4.5% of GDP for 2025-26, the government’s pre-announced goal.

The Telegraph report, citing Dr Rachel Ann Hauser-Davis, a British scientist and member of the research team said the results showed “chronic exposure due to human use of cocaine in Rio de Janeiro and the discharge of human urine and faeces by sewage outfalls, as well as from illegal labs."She also told The Telegraph that there usually aren't many bales of coke dumped or lost at sea in Rio de Janeiro, unlike in Mexico and Florida.Dr Rachel said the cocaine was probably harmful to the health of the animals, however, it is not known if it affected their behaviour, rendering them more aggressive and unpredictable or making feeding frenzies more likely.“This may be the case, as cocaine targets the brain, and hyperactive and erratic behaviour has been noted in other animals. It’s a possibility and further studies are required," said Dr Enrico Mendes Saggioro, an ecotoxicologist from the Oswaldo Cruz Institute.One of the ways cocaine may damage the health of sharks, according to the experts, is by affecting their eyesight, affecting their capacity to hunt.“You might start to see lower fecundity and growth rates," Dr Tracy Fanara, an expert in ecotoxicology and environmental engineering from the University of Florida, told The Telegraph.

Bihar assembly was adjourned twice on Tuesday as opposition members stood in the well of the House and tried to upturn furniture, raising slogans against the Centre's refusal to grant special status to the state. Members of RJD, Congress and the Left had reached the House, carrying placards with slogans like «shame on anti-Bihar BJP». Adding a dash of humour, a few of them also held rattles meant for children to underscore that the Centre, after having denied the state its due, was offering a «jhunjhuna» by speaking of special package and other types of help.

«I think the STT on F&O is a step in the right direction. If the idea is to essentially curb volumes on the F&O side I think that is fair enough. I am just saying is that for a long-term investor, there is STT, there is a hike in LTCG, and there is a tax on dividends as well,» says Nilesh Shah, MD & CEO, Envision Capital. You are unhappy for sure. Nilesh Shah: I think logically, rationally, who is going to be happy with more taxes? We are all humans at the end of the day. But if the capital gains tax was hiked, STT is hiked, probably dividends, tax on dividends in the hands of the investors that should have been done away with because that is double taxation.

Fiscal Deficit Target: Aiming to reach a fiscal deficit level below 4.5 per cent of the GDP by 2025-26, Finance Minister Nirmala Sitharaman has lowered the fiscal deficit target for 2024-25 to 4.9, well below the 5.1% budget gap pegged in Interim budget for this fiscal year.

The Environmental Protection Agency is awarding $4.3 billion in grants to fund projects in 30 states to reduce climate pollution

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Nirmala Sitharaman is set to present her 7th straight Union Budget today, surpassing the record of former Prime Minister Morarji Desai. This is also the first full Budget of the Modi 3.0 government. With the BJP coming to power for the third time, albeit with fewer seats, there were high expectations from the Budget. Many expected Sitharaman to provide much-needed relief to the salaried, middle class, and the common man.

silver September futures at MCX opened 0.21% or Rs 191 lower at Rs 89,012/kg. Gold prices have fallen by Rs 1,500/10gm in the last one week whereas silver prices have witnessed a fall of Rs 4,600/kg in the same duration.

«So, my view is that if the budget disappoints and I think the only way it can disappoint is if they do not give relaxation on personal taxation and those have to be significant,» says Sandip Sabharwal, asksandipsabharwal.com. What is the anticipation? I know no correction is anything to worry because if election outcome is anything to go by, it will be lapped up in no time. Sandip Sabharwal: So, one is the liquidity story which is the domestic liquidity gushing around. The second is the overall valuations, like Nikunj was saying, like at market cap to GDP of 155% at valuations which are much higher than historical valuations, we need the budget to deliver actually for the markets to move higher. So, my view is that if the budget disappoints and I think the only way it can disappoint is if they do not give relaxation on personal taxation and those have to be significant.

Dalal Street has been brimming with confidence that Nirmala Sitharaman will continue singing the good old capex song in the Union Budget once again today, there are fears that the dharma of coalition politics might have a bearing on government policies as well. The tough ask for Sitharaman is to balance welfare spending without losing the grip over capex. The consensus view on Dalal Street is that strong economic momentum, robust GST collection, asset monetisation and record RBI dividend can help the government deliver on both.

Market veteran Madhu Kela remains very positive on transformers as an industry in the medium to long run. These are very deep cycles – the downturns as well as the upturns. A new cycle has started and he expects this to last at least 5-10 years and within that, there are select companies that will continue to do well. Kela is also bullish on data centres as a play. With this privacy law and the data being retained here, data centre as a play and anything peripheral around the data centres will do well. Let us talk about two areas, over the weekend, one transformer company came out with results. You had some exposure in there. Has the transformer story played out because these stocks have become eight to nine times in the last one year? Also, what about data centres? Now big developments are coming in the cloud and some of these companies are tying up with Google, etc. You have exposure in those areas as well. Madhu Kela: So, data centre, we made a significant investment in one data centre company which was a private company. So, I am very bullish. With this privacy law and the data being retained here and the amount of data that we are generating today, data centre as a play and anything peripheral around the data centres will do well.

«One is the kind of impetus that the government has always placed on investment and therefore what is the kind of growth that you are expecting from the capital expenditure side vis-a-vis the revenue expenditure, so that is one number to watch out for,» says Shibani Sircar Kurian, Kotak Mahindra AMC. What is the market expecting from the budget, does not seem like there is going to be any tinkering on the capital gains taxes at least, but yes, the market is waiting and watching whether it is going to be the budget or it is going to be something from SEBI with regards to options trading for sure. Shibani Sircar Kurian: So, if you look at the budget, of course, the budget sets the policy tone for the rest of the year and also sets the agenda for the government during its term.

In this article, we shall be discussing some of the best gift options under a price range of 3000 that you can consider giving your friends on this special occasion. From self-care kits, tech accessories, and bags to coffee brewing equipment to bar sets, there is much to explore.

Budget 2024 today, July 23. As the third term of the Modi government begins with a less decisive electoral mandate, there is growing speculation that reducing income tax could be a strategic move for the ruling party in navigating the current political and economic landscape. Acknowledging the significant role played by salaried individuals in contributing to direct tax collections, the government is under pressure to address their concerns as the Budget announcement approaches.

US President Joe Biden has decided to end his political campaign. There were numerous concerns pertaining to his health and his chances of victory in the upcoming presidential election in November. Biden has withdrawn from the race but has endorsed Vice-President Kamala Harris. She is expected to receive a presidential nomination during the party’s national convention in August.

Nigeria's government has fined Meta $220 million after its investigations found “multiple and repeated” violations of the country’s data protection and consumer rights laws on Facebook and WhatsApp

Russia has emerged as the biggest recipient of projects and loans as well as monetary assistance from China under the controversial Belt and Road Initiative. The Asian communist-ruled country has been shocking the world for more than twenty years with its economic strides and stupendous economic growth rate. Russia-China cooperation has soared to such a level that it has set the alarm bell ringing and the Western world, including the US and Europe, are scared. It has deepened global concern over what a partnership between these two powerhouses could cause. Western experts apprehend that China could be taking advantage of Russia's valuable natural resources.

A defamation suit against Fox News by a government official who served on a short-lived U.S. government media disinformation board is being dismissed by a federal judge

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