PM Modi chairs assembly with economists, sectoral specialists in Delhi – India TV
Prime Minister Narendra Modi is at the moment presiding over an important assembly with outstanding economists and sectoral specialists. The gathering goals to debate key financial points and techniques to handle the nation’s challenges in varied sectors. Union Finance Minister Nirmala Sitharaman is scheduled to current the Funds for 2025-26 within the Lok Sabha on February 1, 2025. Sitharaman, Niti Aayog Vice Chairman Suman Bery, Niti Aayog CEO BVR Subrahmanyam, Chief Financial Advisor Anantha Nageswaran and eminent economists, together with Surjit Bhalla, DK Joshi attended the assembly. PM Modi chairs such conferences forward of Funds. The same assembly was held in July additionally earlier than the Union Finance Minister introduced the Funds for 2024-25 within the Lok Sabha on July 23.
Funds 2025 date
Union Finance Minister Nirmala Sitharaman is ready to current the 2025-26 Funds within the Lok Sabha on February 1, 2025. This could be the second full funds of PM Modi’s third tenure, and the eighth straight Funds to be offered by Sitharaman.
Inventory market to stay open on Funds day
Inventory markets will stay open for buying and selling on February 1, Saturday, when Finance Minister Nirmala Sitharaman presents the Union Funds, bourses BSE and NSE stated on Monday. Inventory markets are typically closed on Saturdays and Sundays, apart from particular circumstances. Buying and selling can be performed throughout regular hours from 9:15 am to three:30 pm.
Markets have been open on February 1, 2020 and February 28, 2015, which have been each on Saturdays, when the Union Budgets have been offered.
Authorities to impose ‘sin tax’?
Ministers on GST charge rationalisation had beforehand advised elevating the tax charge on sin merchandise like aerated drinks, cigarettes, tobacco, and comparable objects from 28% to 35%.
Historically, governments implement a “sin tax” on merchandise identified to have detrimental results on public well being, reminiscent of alcohol and tobacco. This tax is imposed at greater charges with the twin function of discouraging consumption and producing income to help welfare applications.
