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Motilal Oswal Report
The new government presented its first Union Budget yesterday. Anticipation was high for some consumption-boosting initiatives, as the Government of India received additional resources from the Reserve Bank of India.
Nevertheless, akin to the Interim Budget of Feb 01, 2024, and the Budget of 2023, the GoI refrained from introducing any major schemes to stimulate consumption and instead focused on fiscal deficit consolidation.
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Also Read: Budget 2024: Hike In Capital Gains Tax, STT May Cool Down Market Activity, Says Nithin Kamath
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