Business

Indian Stock Market Evaluates Two Major Policy Initiatives to Stimulate Economic Growth

Published

1 year ago

February 9, 2025

This week, the stock market experienced two significant policy announcements that could shape India’s economic future — the Union Budget 2025, which introduced tax reductions to stimulate consumption and investment, and the RBI’s decision to cut interest rates by 25 basis points, indicating a pivot towards monetary easing, experts noted on Saturday.

These initiatives are designed to bolster economic growth while upholding fiscal discipline. On the market front, the Nifty 50 rose by 1%, the Nifty Midcap increased by 0.9%, and the Smallcap index gained 0.7%.

The Indian stock market closed on a low note on Friday, as investors continued to evaluate the RBI’s Monetary Policy Committee (MPC) decision to reduce the repo rate by 25 basis points. However, the central bank retained a neutral policy stance, lowering the repo rate from 6.5% to 6.25%.

The Sensex ended the day at 77,860, down by 198 points, while the Nifty index fluctuated between 23,694 and 23,443, ultimately closing at 23,560, reflecting a decline of 43 points.

Krishna Appala from Capitalmind Research stated that the Budget presented essential tax relief, resulting in greater disposable income for consumers. Those earning over Rs 24 lakh annually will now save an additional Rs 1.1 lakh per year, and individuals earning up to Rs 12 lakh per year will effectively pay no income tax.

“With an estimated Rs 1 lakh crore expected to flow back into the economy from these tax cuts, this move is set to promote higher discretionary spending and savings,” Appala added.

Despite these tax reductions, the government remains committed to fiscal consolidation, setting the FY26 fiscal deficit target at 5.3% of GDP, down from 5.8% in FY25.

In conjunction with the fiscal stimulus, the RBI’s decision to lower the repo rate to 6.25% signals the start of a potential rate-cut cycle after maintaining unchanged policy rates for over two years. This follows a 50 basis points cut in the Cash Reserve Ratio (CRR) in December 2024 and a Rs 60,000 crore bond purchase program aimed at enhancing liquidity in the banking system.

Hrishikesh Yedve from Asit C Mehta Investment Intermediates Ltd (a Pantomath Group company) observed that the index formed a green candle on the weekly chart, confirming last week’s bullish engulfing pattern.

“On the downside, immediate support for the Bank Nifty is around 49,650, while the resistance level is set at 50,600. Traders should monitor these levels closely for potential opportunities. Given the weekly formation, adopting a buy-on-dips strategy in Bank Nifty would be advisable,” he remarked.

Business

Key Rules for Transferring Inherited Property

Published

3 weeks ago

February 15, 2026

Namma Kudla

Business : After the death of parents, legal heirs are eligible to inherit their property. However, certain procedures must be followed before the transfer is completed in India.

Heirs must file the deceased person’s income tax return for the year of death and pay any pending taxes. There is no estate tax on inherited property in India, but any income earned from it, such as rent or interest, is taxable.

If the property is sold, capital gains tax will apply based on the difference between the original purchase price and the selling price. Clearing any outstanding loans linked to the property is also mandatory.

Important documents such as the will, succession certificate, death certificate, and property valuation report should be kept ready to ensure a smooth transfer process.

Business

Does Bank Open Or close on February 14 in India?

Published

3 weeks ago

February 13, 2026

Namma Kudla

New Delhi: Banks across India will remain closed on February 14 as it falls on the second Saturday of the month. The holiday is part of the official schedule released by the Reserve Bank of India, which requires banks to shut on the second and fourth Saturdays and all Sundays.

Customers are advised to finish important financial tasks early to avoid last-minute trouble. Every year, the RBI publishes a holiday calendar that lists national holidays, regional festivals, and other scheduled closures.

In February, banks in some states will also close for regional occasions such as the birth anniversary of Chhatrapati Shivaji Maharaj and Statehood Day in Mizoram and Arunachal Pradesh.

Even though bank branches will remain closed, digital services like ATMs, internet banking, and UPI will continue to work normally.

Business

India May Buy More Oil From Venezuela Instead of Russia

Published

1 month ago

January 31, 2026

Namma Kudla

Business : The United States has told India that it can soon resume buying oil from Venezuela.The suggestion is part of a U.S. effort to reduce India’s dependence on Russian crude oil.

This pitch comes as India plans to cut Russian oil imports by several hundred thousand barrels per day in the coming months. Under the Trump administration, the United States had imposed a 25 % tariff on countries that bought Venezuelan oil, including India.

Now, the U.S. wants India to resume Venezuelan oil purchases to help diversify India’s energy sources. The United States is also trying to reshape energy ties with India as part of broader diplomatic engagement.

Venezuela’s interim president Delcy Rodríguez said she agreed with India on energy cooperation in a recent phone call with Prime Minister Narendra Modi. PM Modi said both sides agreed to deepen their partnership and expand cooperation in all areas.

Venezuela has the world’s largest proven oil reserves. Recently, Venezuela opened its oil sector to private investment to attract foreign capital and boost production.

India was one of the major buyers of Russian crude after the Ukraine war began in 2022. But India is now seeking alternative suppliers as part of its energy strategy.