Showing posts with the label Budget 2019

Budget India 2019 - Highlights

Budget India 2019 - Highlights Over the past few weeks, the Indian Stock market was moving forward with the expectation of Budget Announcement. The Indian Stock market rallied before the budget day and in the budget day. No one expected on budget day, the prices of Automobile sector went up due to the price cut on GST and related news on Agriculture. On February 1st, the budget bill for the 2019 was announced by the Finance Minister Mr. Piyush Goyal in parliament. Finance Minister said in the end of budget day, 'It's not an interim budget, this budget is the roadmap for development for Indian economy '. As everyone expected, the offer had in the Income Tax. Without changing the rates in the Income Tax slab, cleverly the tax rebate was offered. It was called as a budget that would benefit for the Farmers, the Unorganized Labors and the middle class men. However as the opposition parties said that the budget was based on upcoming election. So, we can expect what are the thing

Will the Budget 2019 be the favorite day of the Indian Stock Market ?

Will the Budget 2019 be the favorite day of the Indian Stock Market ? The Budget to be held tomorrow (1st February, 2019) may not an Annual budget, it would be interim budget. The Government's Budget in a country is gaining importance among the people, not only for the Financial Markets. There are lot of interests and expectations about the budget that if any other concessions, policies and other financial aspects by each of us. The Budget for a country will be similar, like the budget we are making in our family. So, we cannot just let this be the budget for the Government, It's everyone's Financial Budget. This system will be beneficial for us to see how the current government has budgeted its Income and expenses in the past and for the upcoming days. Two decades ago, usually the budget file will be published in the evening of the day. But over the past periods, it was changed to announce in the first week of February and in the morning time. So, it will help us to find a