Telecom, Agriculture, and Foreign Trade Reforms: Key Budget 2025 Highlights
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🗞️ India’s Foreign Trade Expands Amid Global Uncertainty
India's foreign trade showed resilience despite global challenges, driven by robust demand for pharmaceuticals, engineering goods, and textiles. The government aims to diversify export markets to mitigate risks.
Expert Opinion: Trade expert Dr. Nisha Verma says, "Diversification in export markets is crucial to reduce dependency and enhance trade stability."
🗞️ FEMA Rules to Be Eased to Attract Foreign Investors
The Department of Economic Affairs announced plans to ease FEMA regulations to attract more foreign direct investments (FDI). This move is part of broader reforms to make India an investment-friendly destination.
Expert Opinion: Economist Dr. Ravi Subramanian comments, "Simplifying FEMA rules will boost investor confidence and catalyze economic growth."
🗞️ ₹2,000 Notes Worth ₹6,577 Crore Still with Public
Despite the withdrawal of ₹2,000 notes, ₹6,577 crore worth of such notes remain in circulation. Authorities are encouraging the public to exchange or deposit these notes before the deadline.
Expert Opinion: Financial analyst Neha Kapoor says, "Effective communication and banking outreach are vital for the smooth transition of high-denomination note withdrawal."
🗞️ Budget Proposals to Boost Bank Deposits by ₹45,000 Crore
Budget 2025 is expected to increase bank deposits by ₹42,000-₹45,000 crore through targeted fiscal measures. The initiatives aim to enhance liquidity in the banking system.
Expert Opinion: Banking expert Ramesh Iyer remarks, "Enhanced deposit mobilization will provide banks with greater lending capacity, supporting economic growth."
🗞️ NABARD Approves ₹903 Crore for 127 Projects in Himachal Pradesh
NABARD has sanctioned ₹903.21 crore for 127 developmental projects in Himachal Pradesh, focusing on irrigation, infrastructure, and rural development.
Expert Opinion: Rural development expert Anjali Thakur says, "These projects will significantly boost rural livelihoods and regional growth."
🗞️ India to Evaluate OECD’s Global Tax Deal After US Walkout
Following the US's exit from the OECD's global tax deal, India will reassess the benefits and implications of the agreement. The finance ministry aims to ensure that India’s tax sovereignty is preserved.
Expert Opinion: Tax policy expert Dr. Suresh Gupta notes, "India’s cautious approach to global tax agreements safeguards national interests in a changing economic landscape."
🗞️ Government to Launch Schemes under Export Promotion Mission
The government is framing new schemes under the Export Promotion Mission to support Indian exporters and expand global market access.
Expert Opinion: Export strategist Priya Menon says, "Tailored export schemes will empower MSMEs and large corporations to thrive in international markets."
🗞️ Bank Deposits Expected to Rise by ₹42,000-₹45,000 Crore
Post Budget 2025, bank deposits are projected to grow by ₹42,000-₹45,000 crore, driven by enhanced tax benefits and financial inclusion measures.
Expert Opinion: Financial consultant Radhika Verma states, "This surge in deposits will enhance banks' ability to lend, fostering broader economic growth."
📈 Market Updates: Key Indices & Commodity Rates
Sensex: Closed at 78,583.81, up +1,397.07 points (+1.81%)
Nifty 50: Settled at 23,739.25, increasing by +378.20 points (+1.62%)
Gold Rates: ₹8,421.30 per gram for 24-carat (↓₹44)
Silver Rates: ₹10,250 per kg