The Union Budget proposals will re-energise the economy by uplifting the spirit of the middle class and encouraging the private sector to advance its investment plans as demand improves across sectors, FICCI president Harsha Vardhan Agarwal said on Saturday.
The Chief Minister was chairing the sixth meeting of the pre-budget consultation with stakeholders related to the manufacturing sector for the financial year 2025-26 in Faridabad on Thursday.
This is an exciting time for people as budgets always create a buzz, particularly around taxation, but there are broader aspects such as fiscal deficit management, inflation, and geopolitical uncertainties. These are crucial for sustaining economic momentum and financial stability.
The Odisha government on Wednesday signed six Memoranda of Understanding (MoUs) with key private textile and apparel units, involving investment intents worth Rs 7,762 crore to create around 88,000 direct and indirect employment opportunities.
The exodus of FPIs from Indian equity markets continues unabated. In January so far, they withdrew Rs 64,156 crore ($ 7.44 billion).
The government is hoping to see an investment of Rs 15,900 crore under the PLI scheme for specialty steel against an investment commitment of Rs 21,000 crore in FY24, the steel ministry said in a statement.
A review report by an inter-ministerial panel said the investment growth is significantly slow in textiles, information technology hardware, and speciality steel this financial year.
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday gave its approval for signing and ratification of a bilateral investment treaty between India and the United Arab Emirates.
After the Uttar Pradesh Global Investors Summit 2023, the flow of investment is progressing in the state.
The concern in the market now is the excessive valuations in the mid and small-cap segments, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
