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IndiaTV Business: Google News Feed: Digest for July 23, 2024

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Stock markets update: A day after the Muharram holiday, share markets opened in red as equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 251.93 points to 80,464.62. Meanwhile, the Nifty declined 76.6  points to 24,536.40 points. 
Stock markets continued their record-smashing run for the fourth straight day on Thursday, with the benchmark BSE Sensex breaching the 81,000 mark for the first time and the NSE Nifty scaling a new peak at 24,800. This surge was driven by robust buying in IT, oil & gas, and FMCG shares.
Stock markets update: Equity benchmark indices opened in red in early trade on Friday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 17.92 points to 81,325.54. Meanwhile, the Nifty declined 51.65 points to 24,749.20. 
Microsoft outage: The London Stock Exchange was affected by the global outage of the IT systems around the world, Sky News reported on Friday (July 19). According to a statement posted on the exchange's website early this morning, a technical issue was being investigated with the publication of RNS – the exchange's Regulatory News Service – announcements, the report stated.
The BSE Sensex, after reaching a new all-time high of 81,587.76 in early trading, tumbled 738.81 points or 0.91%, to settle at 80,604.65. During the day, it had plummeted by as much as 844.36 points or 1.03% to 80,499.10. This decline came a day after the Sensex breached the 81,000 mark for the first time. Similarly, the NSE Nifty dropped 269.95 points or 1.09%, ending at 24,530.90 after peaking at 24,854.80 in the opening session. During the day, it declined by 292.7 points or 1.18% to 24,508.15.
India's foreign exchange reserves jumped by USD 9.699 billion, reaching an all-time high of USD 666.854 billion for the week ended July 12, according to data released by the Reserve Bank of India (RBI) on Friday. In the previous reporting week, reserves had risen by USD 5.158 billion, climbing to USD 657.155 billion, surpassing the earlier high of USD 655.817 billion recorded for the week ended June 7.
The Reserve Bank of India (RBI) announced on Friday that a global Microsoft services outage affected 10 banks and non-banking financial companies (NBFCs) in India, causing minor disruptions which have either been resolved or are in the process of being resolved.
ITR filling 2024: In the last-minute rush to file income tax returns (ITR), it's common to forget some tax deductions. Remember, if you miss claiming a deduction in the current financial year, you won't be able to claim it in future years. Tax exemptions for investments made during a specific financial year must be claimed in the ITR for that year; they cannot be carried forward. Ensure you collect all necessary documents to claim all available deductions before submitting your ITR.
Budget 2024: Finance Minister Nirmala Sitharaman will table the Economic Survey in Parliament on Monday (July 22), a day ahead of the Union Budget. The survey will serve as a report card on the economy, detailing its performance and providing a growth outlook for the future.
ITR filing 2024: The deadline for filing income tax returns (ITR) is approaching, with the last date to file without late fees for the financial year 2023-24 (assessment year 2024-25) being July 31, 2024. As many people are now filing their returns, it's crucial to be mindful of several key points. Neglecting these can result in your return form being rejected and potentially lead to complications. Lets' know about these mistakes in detail.
Stock markets update: Equity benchmark indices opened in red in early trade on Friday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 17.92 points to 81,325.54. Meanwhile, the Nifty declined 51.65 points to 24,749.20. 
Microsoft outage: The London Stock Exchange was affected by the global outage of the IT systems around the world, Sky News reported on Friday (July 19). According to a statement posted on the exchange's website early this morning, a technical issue was being investigated with the publication of RNS – the exchange's Regulatory News Service – announcements, the report stated.
The BSE Sensex, after reaching a new all-time high of 81,587.76 in early trading, tumbled 738.81 points or 0.91%, to settle at 80,604.65. During the day, it had plummeted by as much as 844.36 points or 1.03% to 80,499.10. This decline came a day after the Sensex breached the 81,000 mark for the first time. Similarly, the NSE Nifty dropped 269.95 points or 1.09%, ending at 24,530.90 after peaking at 24,854.80 in the opening session. During the day, it declined by 292.7 points or 1.18% to 24,508.15.
India's foreign exchange reserves jumped by USD 9.699 billion, reaching an all-time high of USD 666.854 billion for the week ended July 12, according to data released by the Reserve Bank of India (RBI) on Friday. In the previous reporting week, reserves had risen by USD 5.158 billion, climbing to USD 657.155 billion, surpassing the earlier high of USD 655.817 billion recorded for the week ended June 7.
The Reserve Bank of India (RBI) announced on Friday that a global Microsoft services outage affected 10 banks and non-banking financial companies (NBFCs) in India, causing minor disruptions which have either been resolved or are in the process of being resolved.
ITR filling 2024: In the last-minute rush to file income tax returns (ITR), it's common to forget some tax deductions. Remember, if you miss claiming a deduction in the current financial year, you won't be able to claim it in future years. Tax exemptions for investments made during a specific financial year must be claimed in the ITR for that year; they cannot be carried forward. Ensure you collect all necessary documents to claim all available deductions before submitting your ITR.
Budget 2024: Finance Minister Nirmala Sitharaman will table the Economic Survey in Parliament on Monday (July 22), a day ahead of the Union Budget. The survey will serve as a report card on the economy, detailing its performance and providing a growth outlook for the future.
ITR filing 2024: The deadline for filing income tax returns (ITR) is approaching, with the last date to file without late fees for the financial year 2023-24 (assessment year 2024-25) being July 31, 2024. As many people are now filing their returns, it's crucial to be mindful of several key points. Neglecting these can result in your return form being rejected and potentially lead to complications. Lets' know about these mistakes in detail.
Stock markets update: A day ahead of the Union Budget, equity benchmark indices declined in early trade on Monday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 343.32 points to 80,261.33. Meanwhile, the Nifty declined 130.60 points to 24,400.30 points. 
Union Budget 2024: Finance Minister Nirmala Sitharaman is set to break the record of former Prime Minister Morarji Desai by presenting her seventh consecutive Budget on Tuesday for the fiscal year 2024-25. The upcoming Budget for the 2024-25 fiscal year (April 2024 to March 2025) will be Sitharaman's seventh in a row, breaking Desai's record of five consecutive full budgets and one interim budget between 1959 and 1964.
The Reserve Bank of India (RBI) announced on Friday that a global Microsoft services outage affected 10 banks and non-banking financial companies (NBFCs) in India, causing minor disruptions which have either been resolved or are in the process of being resolved.
ITR filling 2024: In the last-minute rush to file income tax returns (ITR), it's common to forget some tax deductions. Remember, if you miss claiming a deduction in the current financial year, you won't be able to claim it in future years. Tax exemptions for investments made during a specific financial year must be claimed in the ITR for that year; they cannot be carried forward. Ensure you collect all necessary documents to claim all available deductions before submitting your ITR.
Budget 2024: Finance Minister Nirmala Sitharaman will table the Economic Survey in Parliament on Monday (July 22), a day ahead of the Union Budget. The survey will serve as a report card on the economy, detailing its performance and providing a growth outlook for the future.
ITR filing 2024: The deadline for filing income tax returns (ITR) is approaching, with the last date to file without late fees for the financial year 2023-24 (assessment year 2024-25) being July 31, 2024. As many people are now filing their returns, it's crucial to be mindful of several key points. Neglecting these can result in your return form being rejected and potentially lead to complications. Lets' know about these mistakes in detail.
Stock markets update: A day ahead of the Union Budget, equity benchmark indices declined in early trade on Monday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 343.32 points to 80,261.33. Meanwhile, the Nifty declined 130.60 points to 24,400.30 points. 
Union Budget 2024: Finance Minister Nirmala Sitharaman is set to break the record of former Prime Minister Morarji Desai by presenting her seventh consecutive Budget on Tuesday for the fiscal year 2024-25. The upcoming Budget for the 2024-25 fiscal year (April 2024 to March 2025) will be Sitharaman's seventh in a row, breaking Desai's record of five consecutive full budgets and one interim budget between 1959 and 1964.
Union Budget 2024: Finance Minister Nirmala Sitharaman is poised to make history as she prepares to present her seventh consecutive Budget for the fiscal year 2024-25 on Tuesday. This achievement will surpass the previous record held by former Prime Minister Morarji Desai. Sitharaman, who became India's first full-time woman Finance Minister in 2019 when Prime Minister Narendra Modi secured a decisive second term, has consistently delivered the Union Budget each year since her appointment.
Union Budget 2024: Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget on Tuesday, July 23, which will be the first comprehensive budget since the BJP-led NDA government won a third consecutive term earlier this year. Notably, Sitharaman holds the record for delivering the longest budget speech in Parliament to date, highlighting the significance of this occasion.
Union Budget 2024: Union Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on Tuesday, July 23. This will be her seventh consecutive budget presentation, surpassing the record previously held by former Prime Minister Morarji Desai.
With the Union Budget 2024-25 set for presentation on Tuesday, expectations are high that Finance Minister Nirmala Sitharaman may introduce populist measures to boost the rural economy and job creation. Upcoming elections in Maharashtra, Haryana, Jharkhand, and Delhi add to the likelihood of voter-friendly announcements.
Union Budget 2024: Union Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on Tuesday, July 23. This will be her seventh consecutive budget presentation, surpassing the record previously held by former Prime Minister Morarji Desai.
With the Union Budget 2024-25 set for presentation on Tuesday, expectations are high that Finance Minister Nirmala Sitharaman may introduce populist measures to boost the rural economy and job creation. Upcoming elections in Maharashtra, Haryana, Jharkhand, and Delhi add to the likelihood of voter-friendly announcements.
New Delhi: India needs to recognise and address challenges posed by its dependence on China for critical minerals and examine the implications of phasing down coal on bank balance sheets as it accelerates its green transition, the government's Economic Survey 2023-24 tabled in Parliament on Monday said. As part of its national plan to contribute to meeting the global goal of limiting the average temperature rise to 1.5 degrees Celsius, India has committed to reducing emissions by 45 per cent below 2005 levels by 2030, achieving 50 per cent cumulative electric installed capacity from non-fossil fuel-based energy resources, and creating a carbon sink of 2.5 to 3 gigatons of CO2 equivalent through additional forest and tree cover.
The pre-budget Economic Survey, tabled in Parliament by Finance Minister Nirmala Sitharaman on Monday underscored the pressing need for comprehensive reforms in India's agricultural sector. The Survey flagged structural issues that could impede the country's overall economic growth trajectory.
Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25 on Tuesday, marking the first budget of Prime Minister Narendra Modi's third successive government. This budget comes amid a changed political landscape, as the BJP no longer holds a majority on its own. The focus will be on how this shift affects the budget, comparing it to the interim budget presented earlier this year.
Union Food Processing Minister Chirag Paswan is looking for a good budget allocation for his ministry for setting up processing units across the country as it will help create job opportunities for local people and also boost farmers' income. Chirag said that the ministry has sent the wishlist to the finance ministry but avoided disclosing the content of the request.
In a modest hike, the government had in its last interim budget, increased the defence budget to Rs 6.21 lakh crore for 2024-25 from last year's allocation of Rs 5.94 lakh crore and announced an ambitious scheme for "deep-tech" technologies in the military domain. In the interim Union budget presented in Parliament by Finance Minister Nirmala Sitharaman in February, a total of Rs 1.72 lakh crore was set aside to the military for capital expenditure that largely includes purchasing new weapons, aircraft, warships and other military hardware. For 2023-24, the budgetary allocation for capital outlay was Rs 1.62 lakh crore.
Ahead of Union Budget 2024, Vice Chief of the Air Staff, Air Marshal AP Singh batted for 'atmanirbharta' in defence, saying 'atmanirbharata' is "not just a buzzword", it is something that all stakeholders need to put their heart and soul into. While addressing at a CAPS seminar in New Delhi, he asserted that "nation's defence comes first and foremost".
As India aims to become the third-largest economy with a projected GDP of $5 trillion in the next three years, the Railway Budget 2024-25 is expected to play a pivotal role in infrastructure development. Key expectations include significant budgetary allocations, high-speed rail projects, safety upgrades, environmental sustainability, digital transformation, and modernisation of railway stations and coaches.
Union Finance Minister Nirmala Sitharaman tabled the Economic Survey in Parliament on Tuesday. The Economic Survey is an annual document which reflects the picture of the nation's financial condition in the last fiscal year. The document provides an overview of the short-to-medium-term prospects of the economy. The document is presented ahead of the union budget. The latest economic survey of FY24 projected GDP growth of 6.5-7 per cent in FY25. Moreover, India's consumer price inflation will progressively align towards the inflation target in FY26. Amid these promising figures, it is imperative to take a look at the timeline of the Indian economy and understand how it evolved over time.
With the Union Budget 2024-25 set for presentation on Tuesday, expectations are high that Finance Minister Nirmala Sitharaman may introduce populist measures to boost the rural economy and job creation. Upcoming elections in Maharashtra, Haryana, Jharkhand, and Delhi add to the likelihood of voter-friendly announcements.
New Delhi: India needs to recognise and address challenges posed by its dependence on China for critical minerals and examine the implications of phasing down coal on bank balance sheets as it accelerates its green transition, the government's Economic Survey 2023-24 tabled in Parliament on Monday said. As part of its national plan to contribute to meeting the global goal of limiting the average temperature rise to 1.5 degrees Celsius, India has committed to reducing emissions by 45 per cent below 2005 levels by 2030, achieving 50 per cent cumulative electric installed capacity from non-fossil fuel-based energy resources, and creating a carbon sink of 2.5 to 3 gigatons of CO2 equivalent through additional forest and tree cover.
The pre-budget Economic Survey, tabled in Parliament by Finance Minister Nirmala Sitharaman on Monday underscored the pressing need for comprehensive reforms in India's agricultural sector. The Survey flagged structural issues that could impede the country's overall economic growth trajectory.
Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25 on Tuesday, marking the first budget of Prime Minister Narendra Modi's third successive government. This budget comes amid a changed political landscape, as the BJP no longer holds a majority on its own. The focus will be on how this shift affects the budget, comparing it to the interim budget presented earlier this year.
Union Food Processing Minister Chirag Paswan is looking for a good budget allocation for his ministry for setting up processing units across the country as it will help create job opportunities for local people and also boost farmers' income. Chirag said that the ministry has sent the wishlist to the finance ministry but avoided disclosing the content of the request.
In a modest hike, the government had in its last interim budget, increased the defence budget to Rs 6.21 lakh crore for 2024-25 from last year's allocation of Rs 5.94 lakh crore and announced an ambitious scheme for "deep-tech" technologies in the military domain. In the interim Union budget presented in Parliament by Finance Minister Nirmala Sitharaman in February, a total of Rs 1.72 lakh crore was set aside to the military for capital expenditure that largely includes purchasing new weapons, aircraft, warships and other military hardware. For 2023-24, the budgetary allocation for capital outlay was Rs 1.62 lakh crore.
Ahead of Union Budget 2024, Vice Chief of the Air Staff, Air Marshal AP Singh batted for 'atmanirbharta' in defence, saying 'atmanirbharata' is "not just a buzzword", it is something that all stakeholders need to put their heart and soul into. While addressing at a CAPS seminar in New Delhi, he asserted that "nation's defence comes first and foremost".
As India aims to become the third-largest economy with a projected GDP of $5 trillion in the next three years, the Railway Budget 2024-25 is expected to play a pivotal role in infrastructure development. Key expectations include significant budgetary allocations, high-speed rail projects, safety upgrades, environmental sustainability, digital transformation, and modernisation of railway stations and coaches.
Union Finance Minister Nirmala Sitharaman tabled the Economic Survey in Parliament on Tuesday. The Economic Survey is an annual document which reflects the picture of the nation's financial condition in the last fiscal year. The document provides an overview of the short-to-medium-term prospects of the economy. The document is presented ahead of the union budget. The latest economic survey of FY24 projected GDP growth of 6.5-7 per cent in FY25. Moreover, India's consumer price inflation will progressively align towards the inflation target in FY26. Amid these promising figures, it is imperative to take a look at the timeline of the Indian economy and understand how it evolved over time.
Finance Minister Nirmala Sitharaman is poised to present the first budget of Modi 3.0 in Lok Sabha on Tuesday. This will be her seventh budget presentation, breaking Morarji Desai's record of six. Desai, Finance Minister from 1959 to 1964, presented five full budgets and one interim budget.
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