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With the 2024 general elections handing the <keyword id="19894848" type="General" weightage="20" keywordseo="BJP" source="keywords" meta.keywordsubtype="org" meta.entityname="BJP" meta.hostid="261" meta.entityid="BJP">BJP</keyword> and its allies a fractured, albeit ruling majority in the country for the third consecutive time, India is now gearing up for the 2024–25 <keyword id="19908389" type="General" weightage="20" keywordseo="Union-budget" source="keywords">Union budget</keyword>, which will be presented on July 22 between 11 am and 1 pm. The <keyword id="20613906" type="General" weightage="20" keywordseo="economic-survey" source="keywords">economic survey</keyword> is traditionally presented the day before. However, as per reports, the economic survey is likely to be released on July 3rd this year. The famous halwa ceremony will take place 10 days before the budget is tabled. Pre-budget consultations will begin on June 17th. FM <keyword id="19916618" type="General" weightage="20" keywordseo="Nirmala-Sitharaman" source="keywords">Nirmala Sitharaman</keyword> will become the first finance minister to have presented seven straight budgets, a record previously held by <keyword id="238033" type="General" weightage="20" keywordseo="Morarji-Desai" source="Orion">Morarji Desai</keyword>, who had six consecutive budget presentations to his name. To date, Sitharaman has tabled five full and one interim budget. The first parliamentary session under Modi 3.0 will kick off on June 24, and the 264th session of the parliament will take place between the 27th of June and the 3rd of August. The year is set to see two budgets: one full-fledged budget in July and an interim budget presented on February 1, 2024. <cmsannotation type="cmsannotation" annotationid="What can we expect from this budget?" comment="subhead" text="What can we expect from this budget?">What can we expect from this budget?</cmsannotation> Presenting an interim budget is customary during election years in India since it facilitates the transfer of work and finances between the outgoing and incoming governments. With the upcoming budget, PM Modi’s government will largely focus on tackling unemployment, issues in the agriculture sector, and maintaining the flow of capital expenditure in the economy. The simplification of the <keyword id="19993914" type="General" weightage="20" keywordseo="GST-regime" source="keywords">GST regime</keyword> and rolling out the 3rd edition of the <keyword id="20359761" type="General" weightage="20" keywordseo="FAME-scheme" source="keywords">FAME scheme</keyword> (Faster Adoption &amp; Manufacturing of Electric Vehicles) will also rank highly on the budget agenda. In that stead, a meeting of the GST council is also scheduled to take place on June 22nd. Additionally, experts are also anticipating the expansion of the PLI (production-linked incentives) schemes in this budget to include other sectors as well. <cmsannotation type="cmsannotation" annotationid="Lesser-known budget milestones" comment="subhead" text="Lesser-known budget milestones">Lesser-known budget milestones</cmsannotation> Till 2019, the union budget was carried in a briefcase, a practice initiated by India’s first FM, Sir RK Shanmukham Chetty. In 2019, the budget was presented as a traditional bahi-khata for the first time. It went paperless in 2021 after the FM introduced the budget via a tablet. Apart from having presented most budgets, Sitharaman also holds the record for having delivered the longest budget speech while presenting the Union budget for 2020–21. She spoke for two hours and 42 minutes. On the other hand, India’s shortest-ever budget speech was given in 1977 by Hirubhai Patel.

Union budget 2024-25 : When will it be presented, what to expect and more

New Delhi [India], February 1 (ANI): Ahead of the presentation of the interim budget 2024-2025, Union Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword> arrived at the Ministry of Finance on Thursday. MoS finance Bhagwat Karad and Pankaj Chaudhary also accompanied her to the finance ministry. The Union Finance Minister will table the interim budget as the <keyword id="19895394" type="General" weightage="20" keywordseo="lok-sabha" source="keywords">Lok Sabha</keyword> polls are due to be held this year. This will be her sixth Budget as the Finance Minister and last in the second term of the Modi government. The interim budget will take care of the financial needs of the intervening period until a government is formed after the Lok Sabha polls. A full budget will be presented by the new government. The Budget Session of Parliament commenced on Wednesday with President Droupadi Murmu addressing a joint sitting of Lok Sabha and <keyword id="19895369" type="General" weightage="20" keywordseo="rajya-sabha" source="keywords">Rajya Sabha</keyword>. <keyword id="19916494" type="General" weightage="20" keywordseo="sitharaman" source="keywords">Sitharaman</keyword> equaled the record of former Prime Minister Morarji Desai, who as finance minister, presented five annual budgets and one interim budget between 1959 and 1964. In her address, the President said 2023 was a historic year for the country and among other steps, the country kept up the momentum of being the fastest-growing major economy. "The year 2023 was a historic year for <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> when it grew the fastest among major economies despite the global crisis. India grew about 7.5 per cent for two consecutive quarters," she said. The last session before Lok Sabha polls, expected to be held in April-May this year, will have a total of eight sittings spread over 10 days. A day before the session was set to start, Parliamentary Affairs Minister Pralhad Joshi, at an all-party meeting, said the budget session would mainly be devoted to the financial business relating to the interim union budget for 2024-25 and discussion on the Motion of Thanks on the President's Address. However, essential legislative and other business may also be taken up during this session. The all-party meeting was attended by 45 leaders from 30 political parties. In addition, he also informed that Supplementary Demands for Grants for 2023-24 in respect of the Union Government will be discussed. The presentation and discussion on the Interim Budget of the Union Territory of Jammu and Kashmir for 2024-25 along with Supplementary Demands for Grants of Union Territory of Jammu and Kashmir for the financial year 2023-24 will also be taken up and voted. The Indian economy is projected to grow close to 7 per cent in the financial year 2024-25 which starts this April, said the Ministry of Finance in a review report. India's economy grew 7.2 per cent in 2022-23 and 8.7 per cent in 2021-22. The Indian economy is expected to grow 7.3 per cent in the current financial year 2023-24, remaining the fastest-growing major economy. The last full Budget of Modi government 2.0 had proposed to increase capital expenditure outlay by 33 per cent to Rs 10 lakh crore in 2023-24, which would be 3.3 percent of the GDP. It was almost three times the outlay in 2019-20. (ANI)

Nirmala Sitharaman arrives at Finance Ministry ahead of Budget 2024

As expected and in relief for the citizens, the central government neither tweaked nor put any additional tax burden on citizens, in the interim Budget for 2024-25 tabled by Union Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword>. "Keeping with the convention, I do not propose to make any changes relating to taxation and propose to retain the same tax rates for direct taxes and indirect taxes including import duties," Sitharaman said in her Budget speech on Thursday. However, certain tax benefits to start-ups and investments made by sovereign wealth or pension funds as well as tax exemption on certain income of some IFSC units are expiring in March 2024. To provide continuity in taxation, she proposed to extend the date by another year. Moreover, in line with the government's vision to improve ease of living and ease of doing business, she announced to improve tax-payer services. "There are a large number of petty, non-verified, non-reconciled or disputed direct tax demands, many of them dating as far back as the year 1962, which continue to remain on the books, causing anxiety to honest tax-payers and hindering refunds of subsequent years," she said. She proposed to withdraw such outstanding direct tax demands up to Rs 25,000 for the period up to financial year 2009-10 and up to Rs 10,000 for financial years 2010-11 to 2014-15. "This is expected to benefit about a crore tax-payers," she added. Presenting the Union Budget 2023, Sitharaman on Thursday pegged the fiscal deficit target for 2024-25 at 5.1% of gross domestic product (GDP). In 2023-24, the government pegged the fiscal deficit target for 2023-24 at 5.9% of gross domestic product (GDP). Today, Sitharaman said that the fiscal deficit of 2023-24 was downwardly revised to 5.8%. The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings that may be needed by the government. The government intends to bring the fiscal deficit below 4.5% of GDP by the financial year 2025-26. The government intends to bring the fiscal deficit below 4.5% of GDP by the financial year 2025-26. A capital expenditure, or capex, is used to set up long-term physical or fixed assets. Last year, which was the last full Budget under the Prime Minister Narendra Modi-led government's second term, the government proposed to increase capital expenditure outlay by 33% to Rs 10 lakh crore in 2023-24, which was estimated to be 3.3% of the GDP. With the substantial increase in capex, it is central to the government's efforts to enhance growth potential and job creation, crowd in private investments and provide a cushion against global headwinds. The interim budget, tabled today, will take care of the financial needs of the intervening period until a government is formed after the Lok Sabha polls after which a full budget will be presented by the new government in July. With this Budget Presentation, Sitharaman equalled the record set by former Prime Minister Morarji Desai, who as finance minister, presented five annual budgets and one interim budget between 1959 and 1964. The Budget Session of Parliament commenced on Wednesday with President Droupadi Murmu addressing a joint sitting of Lok Sabha and Rajya Sabha. The Indian economy is projected to grow close to 7% in the financial year 2024-25 which starts this April, said the Ministry of Finance in a review report. India's economy grew 7.2% in 2022-23 and 8.7% in 2021-22. The Indian economy is expected to grow 7.3% in the current financial year 2023-24, remaining the fastest-growing major economy.

FM Nirmala Sithraman keeps tax slabs unchanged

Bookshelf speakers are great for a home entertainment setup as they are compact and offer a surround sound experience. These are great for medium-sized spaces as they are designed to maximise sound. You can get bookshelf speakers designed specifically for music or movies. You can place bookshelf speakers on a raised surface like bookshelves, tabletop, computer table and more. These are also available at very affordable prices so you don’t have to spend much to get a decent speaker. To make things easier for you, here's a list of the <keyword id="10993964" type="General" weightage="20" keywordseo="best-budget-bookshelf-speakers" source="Orion">best budget bookshelf speakers</keyword>. <bulletContentEmbed name="B07WHZR6XD" columns="1"><bulletContentHeading name="B07WHZR6XD_head"><div type="image" title="Recommended" msid="86064095" hostid="261"></div></columnHeadThumb>B07WHZR6XD</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07WHZR6XD_body"><bulletContentRow name="B07WHZR6XD_9309655428490592"><bulletContentRowHeading><bulletContentRowHead col="1">Micca OoO Center Center Channel Bookshelf Speaker</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Micca OoO speaker is a center channel bookshelf speaker that comes in a slim shape design. It can be used horizontally as a center channel speaker, and vertically as bookshelf speakers. You can also wall mount it to use it as surround sound speakers. Each speaker has two 3-inch square frame woofers that are said to deliver bass output down to 60Hz. It also features a 0.75-inch silk dome tweeter.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07WHZR6XD_6018404031027670"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Micca OoO bookshelf speaker has an elegant wooden design that will go well with your overall home decor.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B00N8265I8" columns="1"><bulletContentHeading name="B00N8265I8_head"><div type="image" title="Cheaper alternative" msid="86064136" hostid="261"></div></columnHeadThumb>B00N8265I8</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B00N8265I8_body"><bulletContentRow name="B00N8265I8_9776090609206648"><bulletContentRowHeading><bulletContentRowHead col="1">Micca COVO-S Compact 2-Way Bookshelf Speakers</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">A cheaper alternative is the Micca COVO-S 2-way bookshelf speakers. It features a 3-inch wool paper cone woofer wide waveguide cone design for improved tweeter dispersion. The speakers also have a ported enclosure that is said to deliver extended bass response with low response. Since these are compact speakers, they are best suited for a small to medium sized listening area.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B00N8265I8_7125920408179243"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">You can place the Micca COVO-S bookshelf speakers on the wall or near a corner of the room for better bass output.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B0158JQS1M" columns="1"><bulletContentHeading name="B0158JQS1M_head"><div type="image" title="Pocket friendly" msid="86064163" hostid="261"></div></columnHeadThumb>B0158JQS1M</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B0158JQS1M_body"><bulletContentRow name="B0158JQS1M_2182942167647690"><bulletContentRowHeading><bulletContentRowHead col="1">Edifier R12U Stereo 2 Bookshelf Speaker</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Edifier R12U Stereo 2 is another pair of compact bookshelf speakers. You can connect the speakers to your device through the USB port. It’s compact design makes it ideal for a laptop. You also get a 3.5mm audio jack to connect it with devices such as smartphones and tablets. The Edifier R12U Stereo 2 bookshelf speakers also feature a bass reflex port for good bass output.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B0158JQS1M_6357563908280779"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Although tiny in size, the bookshelf speakers are said to produce a sound twice their size. The bookshelf speaker also comes in three colour options of black, red and white.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B085WTVPY4" columns="1"><bulletContentHeading name="B085WTVPY4_head"><div type="image" title="Retro design" msid="86064202" hostid="261"></div></columnHeadThumb>B085WTVPY4</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B085WTVPY4_body"><bulletContentRow name="B085WTVPY4_8363254559982244"><bulletContentRowHeading><bulletContentRowHead col="1">4 D (LABEL) Antiguo Retro 3 Bookshelf Speaker</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">If you’re looking for something unique then you can consider this Antiguo bookshelf speaker. It has a retro and vintage design that will make for a cool decorative piece. You can get it in two colour options of teal blue and black. The speaker is so tiny it can fit inside your pocket. The Antiguo Retro 3 bookshelf speaker also has Bluetooth for wireless connectivity. It has a 600mAh battery that should last you for up to five hours.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B085WTVPY4_9445690892995435"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Although tiny in size, the Antiguo Retro 3 bookshelf speaker is said to offer premium HD sound with a power output of 3W. It also features a multifunction button and volume buttons that are accessible on the speaker.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B08P39L5W9" columns="1"><bulletContentHeading name="B08P39L5W9_head"><div type="image" title="Good design" msid="86064233" hostid="261"></div></columnHeadThumb>B08P39L5W9</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B08P39L5W9_body"><bulletContentRow name="B08P39L5W9_5770979588910491"><bulletContentRowHeading><bulletContentRowHead col="1">F&amp;D R40BT Bookshelf Speaker</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The F&amp;D R40BT bookshelf speakers are an elegant looking pair of speakers with a wooden design in black colour. It packs a 4-inch full-range driver and a 1-inch silk dome tweeter. The bookshelf speakers also come with Bluetooth 5.0 for wireless connectivity and its range is said to go up to 15 meters.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B08P39L5W9_3142767167465461"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The F&amp;D bookshelf speaker is said to offer a HiFi sound quality with low distortion and good bass output. You also get a remote control for music playback and volume control.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B095NJSGYL" columns="1"><bulletContentHeading name="B095NJSGYL_head"><div type="image" title="Also consider" msid="86064263" hostid="261"></div></columnHeadThumb>B095NJSGYL</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B095NJSGYL_body"><bulletContentRow name="B095NJSGYL_7152341972306104"><bulletContentRowHeading><bulletContentRowHead col="1">Edifier R33BT Bookshelf Speaker</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Edifier R33BT bookshelf speakers come with Bluetooth support, and also offer a 3.5mm headphone jack. It is equipped with a half-inch tweeter, and 3-inches mid/bass drivers. The speakers also have a wooden enclosure that helps minimise acoustic resonance. The wooden enclosure also gives the speakers an elegant look and feel.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B095NJSGYL_9852026606637577"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">You also get buttons on top of the main speakers for turning it on/off, input switching, Bluetooth connectivity, volume controls and more.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed>

Best budget bookshelf speakers in India in 2021

<div type="image" title="For the unversed, trading in futures and options can be akin to setting their hard-earned money on fire" height="900" width="1200" msid="114064202" hostid="261" caption="&amp;lt;p&amp;gt;For the unversed, trading in futures and options can be akin to setting their hard-earned money on fire&amp;lt;/p&amp;gt;"></div> Once upon a time, there thrived a wild, wild land. Here, it was all about super high monetary stakes, lightning-fast trade deals, and bucketloads of money shifting hands every single second. This wilderness lured millions of individuals with the promise of super duper high returns. But, at what cost? Welcome to the unforgiving, ultra-risky wild west of <keyword id="19991165" type="General" weightage="20" keywordseo="Indian-equity-markets" source="keywords">Indian equity markets</keyword> called the <keyword id="145718" type="General" weightage="100" keywordseo="Futures-and-Options" source="Orion">futures and options</keyword>. Here, everyone seems to just fly right through the bright red-flagged warnings of financial risks to earn even a fraction of these promised returns. Most burn themselves in the process, but carry on nevertheless, as if nothing ever happened. <h2>Chasing the cloudy profits</h2>The data conclusively proves that every 9 out of 10 individuals only lost their hard-earned money in this land. But hey, what do the numbers know? Some hide their losses out of shame, some out of fear. The proponents, meanwhile, proudly boast unusually high returns on their investments, some open social media channels while others encourage their friends and family to take the plunge. Naturally, news of this unstoppable and humongous en-masse migration to the F&amp;O (futures and options) town has reached sheriff <keyword id="19901201" type="General" weightage="20" keywordseo="SEBI" source="keywords" meta.keywordsubtype="org" meta.entityname="SEBI" meta.hostid="261" meta.entityid="SEBI">SEBI</keyword>, galvanising them into action. After all, it was time to put a leash on this madness and save the common man. The inhabitants of this town doubled in the last 2 years, from 51 lakh in FY22 to 96 lakh in FY24—99.8% of whom were small and mid-income traders. But profits? Well, that's a different, rather completely absent story. <h2>Que Sera Sera, much?</h2>A recent report by SEBI (Securities and Exchange Board of India) that studied profits and losses made by traders in the equity derivatives segment between FY22-24 exposed the mad mania of futures and options trading in India, especially since the pandemic. Per the report, 91.1% of individual traders, or about 73 lakh traders had only lost money trading in futures and options in FY24. Between FY 22-24, over 1 crore traders, or about 92.8% of individual traders, had lost Rs 2 lakh each. But once bitten, twice shy? Well, not in this case. More than 75% of individuals, who had only made losses trading in F&amp;O in FY22 and FY23, continued to trade vigorously in FY24 as well, without any changes in the bottom line, which remained deep in red and negative. So, then all these traders must be uber-rich, with tons of cash and not much care to spare? Nope. 76% of traders in the F&amp;O space in FY24 had an annual income of less than Rs 5 lakh. 2 years ago, their share stood at 71%. And their choice of poison? Options! In FY24, 60% of traders made losses trading in futures, but a whopping 91.5% burnt their funds trading in options. Mind you, futures are riskier than options. With futures, which require significant capital investment, the buyer and seller both are contractually bound to adhere to the pre-determined strike price of the futures or options contract, irrespective of whether the prevailing prices are higher or lower (and thus, resulting in losses for either the buyer or seller). With options, since this adherence ain't necessary, individuals end up taking debt to take highly leveraged positions while trading here. <h2>Scale of the explosion</h2>Anyone who trades even infrequently will tell you that a demat account is the mitochondria or powerhouse of the trading cell. As of August 2024, India had over 17.1 crore <keyword id="20957284" type="General" weightage="20" keywordseo="demat-accounts" source="keywords">demat accounts</keyword>, which are a prerequisite for trading in the markets. India is the 9th biggest country in the world, in terms of total demat accounts. Did you know that our demat accounts are at par with the entire population of Bangladesh? Talk about scale! Just 4 years ago, in March 2020, this number was a mere 4 crore. Naturally, the total F&amp;O turnover on both <keyword id="20004725" type="General" weightage="20" keywordseo="NSE" source="keywords" meta.keywordsubtype="org" meta.entityname="NSE" meta.hostid="261" meta.entityid="NSE">NSE</keyword> and BSE has hit the roof, and also broken it. As of October 4, 2024, the total futures and options turnover on NSE stood at a massive Rs 4,78,27,27,750.30 crore. Good luck counting the thousands! <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total Turnover (Both Futures and Options) (In Rs Crore) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2020-21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">64,36,03,951.51 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2021-22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,69,52,33,134.47 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2022-23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3,82,23,26,468.06 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2023-24 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7,99,27,67,152.43 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source : NSE Another metric that underlines the meteoric growth of trading in India is the collection of STT or <keyword id="20930760" type="General" weightage="20" keywordseo="Securities-Transaction-Tax" source="keywords">Securities Transaction Tax</keyword>. As of September 2024, India's STT mop-up had gone past Rs 26,000 crore. Traders have to pay STT whenever they buy or sell any security in the market. So, more trading brings in more STT, and hence, more revenue for the government, so they're not really complaining. After all, this is certainly what they'd call enviable growth. As of August 2023, our STT collection stood at about Rs 21,599 crores. And in FY20-21, India's STT collection had been Rs 16,000 crore. If only our salaries also managed to grow at this rate! <h2>So, what's happening?</h2>Two things. One, it's the big bulls who are raking in all the moolah. And it's the younger lot (those aged under 30) who are propping them up for this. In FY24, 43% of individual traders in the market were less than 30 years of age. In just one year, this number has swelled by 12 percentage points from just 31% of individual traders. But who says ageing is bad? Wrinkles and silver hair seemingly have a propensity of incurring lesser losses in the market. In FY24, only 79% of traders aged above 60 years made losses, as compared to 93% of those aged below 30. Small and mid-income traders, which make up 98% of the total trader base, witnessed average losses per person of Rs 65,000 and Rs 1.5 lakh in FY24 in futures and options, respectively. The winner here? Clearly, the big bulls, who declared an annual income of over Rs 1 crore, ended up with average profits of Rs 96,000 per person this year. <h2>What’s the sheriff up to?</h2>The government has finally swung into action, hiking the STT rate for F&amp;O during this year’s budget. Effective October 1, 2024, the STT on futures stands at 0.02%, up from 0.0125%. For options, it was upped to 0.1% versus 0.0625% previously. Small margins, but huge impact oncoming. Says Puneet Sharma- CEO and Fund Manager at Whitespace Alpha, “SEBI aims to enhance market stability while safeguarding investor interests, reflecting the regulator's intent to balance risk management with market participation”. But this might come with its own share of challenges, too. “Stricter norms around leverage, transparency, and capital adequacy could limit the ability of investors to determine their own risk appetite, thereby stifling innovation in trading strategies. Over-regulation in an environment that thrives on strategic flexibility and creativity could dampen the market’s dynamism, affecting India's competitiveness in the global derivatives landscape”, he observes. SEBI recently came out with a set of guidelines that aim to thwart <keyword id="19972907" type="General" weightage="20" keywordseo="retail-investors" source="keywords">retail investors</keyword>' participation in futures and options and hinder them from taking undue risks. Here's a quick recap of what's to come for the residents of the F&amp;O town Margin Requirements: To battle the high volatility and chaos which is generally seen on expiry days(i.e the last mandated date, post which an option becomes invalid), SEBI will put in place an extreme loss margin (ELM) of 2% for all open short options on the day of expiry. Translation? Traders will need to pony up more cash upfront, leaving them with fewer funds to take on risky bets. It ain't a choice: No more of one expiry every single day! Going ahead, an exchange like BSE or NSE will just be able to offer weekly expiries, that too, only on one benchmark index, as opposed to an entire buffet it currently offers. At present, NSE offers weekly options contracts for its financial index, bank and midcap indices. But say goodbye to this, and hello to derivatives on only 1 index per exchange. Raising the bar: Effective November 30, 2024, the minimum contract value for index derivatives will be upped to Rs 15 lakh, from the present Rs 5-10 lakh. The hope is that by making it ultra-expensive to enter these trades, investors will be dissuaded from taking on risky trades. Pay upfront: Starting February 2025, those trading in options will have to pay the entire options premium upfront, even before their trades are executed. This is because options generally carry very high leverage, and paying a significant sum upfront can force traders to think twice. Invigilation Pro Max: Starting April 1 2025, to make sure that the number of positions for equity index derivatives does not slyly slip over the mandated limit, especially on expiry days when trade volumes are huge, the exchanges will have to take a minimum of 4 position snapshots randomly. The question is, will these injections of sobriety be enough to calm down the steroid-fed bull of the futures and options market in India? Well, only time and market turnover will tell! For more insights into the financial markets and business news, stay tuned to our site and social media handles. And don’t forget to subscribe to Business Insider India’s newsletters for your weekly dose of Simply Put! Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

SIMPLY PUT: SEBI is on a mission to take on the wild, wild west of futures and options in India. Here’s why, what, and how

When looking to buy smartphones, we look for devices that are packed with useful features and should be able to handle multitasking, gaming and similar without breaking a sweat. Nowadays, there are plenty of phones at good prices that offer flagship-like performance. These phones also feature some of the best specifications for their price. To help you buy the best value for money smartphones, here are the top options available on Amazon. <bulletContentEmbed name="B08697MJFD" columns="1"><bulletContentHeading name="B08697MJFD_head"><div type="image" title="Editor’s Choice" msid="85864830" hostid="261"></div></columnHeadThumb>B08697MJFD</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B08697MJFD_body"><bulletContentRow name="B08697MJFD_0349292754224891"><bulletContentRowHeading><bulletContentRowHead col="1">iQOO 7 Legend</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The iQoo 7 Legend features a 6.62-inch AMOLED display with 120Hz refresh rate. The phone is powered by the latest Qualcomm Snapdragon 888 processor. It features a vapor chamber that should keep the phone cool and prevent overheating. The device is said to offer 4D game vibrations to offer an immersive gaming experience. It is equipped with a 4,000mAh battery that claims to be charged in quick time using the 66W charger. The phone comes with a triple camera set-up that includes a 48MP primary sensor.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B08697MJFD_7508529793195887"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The iQoo 7 Legend features a unique race-track design and comes with 8GB RAM and 128GB storage.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B097RDVDL2" columns="1"><bulletContentHeading name="B097RDVDL2_head"><div type="image" title="Recommended" msid="85864855" hostid="261"></div></columnHeadThumb>B097RDVDL2</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B097RDVDL2_body"><bulletContentRow name="B097RDVDL2_5549473345499087"><bulletContentRowHeading><bulletContentRowHead col="1">OnePlus Nord 2 5G</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The OnePlus Nord 2 can be considered a worthy device as it packs some really good features and comes at a highly competitive price. The phone is said to be equipped with a triple rear camera set-up, 50MP+8MP+2Mp and a 32MP selfie camera. The rear camera claims to offer optical image stabilization. The phone is powered by MediaTek Dimensity 1200-AI processor and comes with 8GB RAM and 128GB storage.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B097RDVDL2_8064068112746174"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The OnePlus Nord 2 sports a 6.43-inch AMOLED display with 90Hz refresh rate.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B08V9VPQTJ" columns="1"><bulletContentHeading name="B08V9VPQTJ_head"><div type="image" title="Packed with features" msid="85864878" hostid="261"></div></columnHeadThumb>B08V9VPQTJ</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B08V9VPQTJ_body"><bulletContentRow name="B08V9VPQTJ_7945811925940497"><bulletContentRowHeading><bulletContentRowHead col="1">Vivo X60 Pro</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Vivo X60 Pro comes with a triple camera set up at the back that includes a 48MP primary sensor. The 6.56-inch AMOLED display is said to have a 120Hz refresh rate. It also houses the 32MP selfie camera in a punch-hole cutout. The phone comes with 12GB RAM and 256GB internal storage, which should be more than sufficient for most smartphone users.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B08V9VPQTJ_8378361970098175"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Vivo X60 Pro is powered by Qualcomm Snapdragon 870 processor and it is equipped with a 4200mAh battery.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B08V9ZPY6M" columns="1"><bulletContentHeading name="B08V9ZPY6M_head"><div type="image" title="Water and Dust Resistant" msid="85864937" hostid="261"></div></columnHeadThumb>B08V9ZPY6M</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B08V9ZPY6M_body"><bulletContentRow name="B08V9ZPY6M_8486228838717985"><bulletContentRowHeading><bulletContentRowHead col="1">Samsung Galaxy A52</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Samsung Galaxy A52 features a quad camera set up with a 64MP primary lens. It comes with a 20MP selfie camera that is housed in a punch-hole cut-out on the display. The phone sports a 6.5-inch AMOLED display with a 90Hz refresh rate. It is said to have an IP67 rating for dust and water resistance. The phone is powered by a 4,500mAh battery.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B08V9ZPY6M_8214866401641532"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Samsung Galaxy A52 features Qualcomm Snapdragon 720 processor and comes with 6GB and 128GB storage.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B089MVC43X" columns="1"><bulletContentHeading name="B089MVC43X_head"><div type="image" title="Pocket-Friendly" msid="85865031" hostid="261"></div></columnHeadThumb>B089MVC43X</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B089MVC43X_body"><bulletContentRow name="B089MVC43X_4631174340626097"><bulletContentRowHeading><bulletContentRowHead col="1">Redmi Note 10 Pro Max</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Redmi Note 10 Pro Max features a quad camera set-up at the back with a 108MP primary sensor. It is powered by Qualcomm Snapdragon 732G processor that is said to clock speeds up to 2.3GHz. It sports a 6.67-inch display that supports 120Hz refresh rate. The phone is equipped with a large 5,020mAh battery that should offer long battery life.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B089MVC43X_9402875821661754"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The Redmi Note 10 Pro Max is packed with 6GB RAM and 128GB storage.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B07WJTMPPP" columns="1"><bulletContentHeading name="B07WJTMPPP_head"><div type="image" title="5G Compatibility" msid="85865066" hostid="261"></div></columnHeadThumb>B07WJTMPPP</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07WJTMPPP_body"><bulletContentRow name="B07WJTMPPP_9903000844900700"><bulletContentRowHeading><bulletContentRowHead col="1">iQOO Z3 5G</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The iQoo Z3 smartphone offers 5G compatibility at a highly competitive price. The phone is powered by Qualcomm Snapdragon 768G processor and comes with 8GB RAM and 256GB storage. The phone comes with a triple camera setup that has a 64MP primary lens. It is said to feature a five-layer cooling system that should prevent overheating of the device.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07WJTMPPP_3042494995108697"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The iQoo Z3 smartphone sports a 6.58-inch FHD+ display with 120Hz refresh rate.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed>

Best value for money smartphones in India in 2021

<ul><li>Union Finance Minister <keyword id="129243" type="General" weightage="50" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword> has arrived at the Ministry of Finance in the North Block ahead of the <keyword id="6358021" type="General" weightage="100" keywordseo="budget" source="Orion">Budget</keyword> presentation today.</li><li>The Finance Minister will table the Union Budget 2023-24 at 11 am in Lok Sabha today, following which she will address the House.</li><li>The government will present the Union Budget in paperless form like the previous two ones.</li></ul> Union Finance Minister Nirmala Sitharaman on Wednesday morning arrived at the Ministry of Finance in the North Block in the Central Secretariat building ahead of the Budget presentation today in Parliament. This Budget marks the last Budget of Prime Minister <keyword id="6354477" type="General" weightage="50" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> government in the Parliament of this term. The Finance Minister will table the Union Budget 2023-24 at 11 am in Lok Sabha today, following which she will address the House. The government will present the Union Budget in paperless form like the previous two ones. The government had presented the first paperless budget in 2021. On Tuesday, Sitharaman tabled the Economic Survey for the Financial Year 2022-23 in Lok Sabha, which said that India's economic recovery from the Covid pandemic is complete and the economy is expected to grow in the range of 6 per cent to 6.8 per cent in the coming financial year 2023-24. This is in comparison to 7 per cent this fiscal and 8.7 per cent in 2021-22. In view of the upcoming budget, top business leaders of the country have also put forward their suggestions for Nirmala Sitharaman. Arihant Infrastructures, CMD, Ashok Chhajer told on Monday that the government should focus on reducing home loan rates. "The government should reduce home loan rates. The affordable housing segment, which is capped at Rs 45 lakh, should be changed to Rs 60-75 lakh which is the average cost of a house in Metro cities and 2-tier cities," said Chhajer. Hiranandani Group MD, Niranjan Hiranandani said the Budget should focus on further investments in roads, railways, ports, airports and highways, as well as slum rehabilitation schemes. "There should be more focus on further investments in roads, railways, ports, airports and highways. The focus must also be on the slum rehabilitation schemes to make India a slum-free country," said Hiranandani. The Budget Session of the Parliament began on January 31 with President Droupadi Murmu's Address to the joint session of both houses. The President touched upon various subjects during her inaugural address, which was her first one after being elected to the topmost office of the country last year. She mentioned women empowerment, India's defence exports, and Aatmanirbhar Bharat by 2047 among others. Ahead of the President's Address, Prime Minister Narendra Modi addressed the media outside the Parliament. Prime Minister Modi said that India's Budget will attempt to meet the hopes and aspirations of the common citizens amid the unstable global economic situation. "Our Finance Minister will present one more Budget before the country tomorrow. In today's global circumstances, not only India but the entire world is looking at India's budget," PM Modi said. The Prime Minister firmly exuded confidence that Union Finance Minister Nirmala Sitharaman will make efforts to meet the expectations. "Amid the unstable global economic situation, India's budget will attempt to meet the hopes and aspirations of the common citizens. The ray of hope being seen by the world grows brighter-for this, I firmly believe that Nirmala Sitharaman will make all efforts to meet those aspirations," PM Modi said while addressing the media. The Prime Minister cited the "credible voices from the world of economy" and said that they have brought a positive message ahead of the session. "Today, the Budget Session is commencing. Credible voices from the world of economy, have brought in a positive message, a ray of hope and a beginning of enthusiasm," he said. The budget session that began on Tuesday with the President's address will take place in 27 sittings till April 6 with a month-long recess to examine the budget papers. The first part of the session will conclude on February 13. Parliament will reconvene on March 12 for the second part of the Budget Session and will conclude on April 6. SEE ALSO: <a href="https://www.businessinsider.in/budget/news/budget-2023-expectations-india-will-need-talent-in-quality-and-quantity-to-fuel-growth/articleshow/97438062.cms">India budget expectations: Reform in ESOP taxes, allocations needed to address skill gaps</a> <a href="https://www.businessinsider.in/budget/news/budget-2023-funding-support-liberal-tax-regime-and-other-things-fintechs-expect-from-the-government/articleshow/97373905.cms">Budget 2023: Funding support, liberal tax regime and other things fintechs expect from the government</a> <a href="https://www.businessinsider.in/budget/news/budgeting-for-climate-change/articleshow/97378027.cms">Budgeting for the fifth C</a>

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