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Budget News

  • India's GDP To Grow By 6-6.8% In Next Fiscal As Per Economic Survey 2023
  • January 31,2023  13:15
  • The Economic Survey for 2022-23 has pegged India's GDP growth for the next fiscal 2023-24 in a broad range of 6-6.8 percent. The Survey's baseline forecast for real GDP growth is 6.5 per cent. The Survey was tabled by Finance Minister Nirmala Sitharaman in Parliament today. Indian economy will grow 6% to 6.8% in the next financial year starting April 1, down from 7% projected for the current year, as a global slowdown is likely to hurt its exports. At that pace, India's economic growth next fiscal year will still be the fastest among major economies.

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ADVISORY FOR INVESTORS
ATTENTION INVESTORS
"1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
 3. Pay minimum 20% upfront margin of the transaction value to trade in cash market segment.
 4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors"
Prevent Unauthorized Transactions in your demat/trading account --> Update your Mobile Number/email ID with your stock broker/Depository Participant. Receive information of your transactions directly from Exchanges on your mobile/email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/CDSL on the same day. - Issued in the interest of investors.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
No need to issue cheques by investors while subscribing for IPO. Just write the bank account number and sign-in the application form to authorise your bank to make payment in case of allotment. No worries of refund as the money remain in the investor's account.
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