Expectation is that the government may continue with indicated allocation of funds for Capex in interim budget and social welfare schemes. This optimism is fueled by the RBI's recent windfall dividend distribution (you can refer to our “Health of your Wealth – May 2024” blog for more details regarding RBI’s dividend payout to Government)., which has provided a boost to the government's finances.
However, the challenge of balancing the expectations of coalition partners may also influence the allocation of funds. Despite these challenges, hopes are about the Govt’s continuous priority on infra projects and social programs, driving economic growth and development.
Petrol and Diesel are selling at a record high level and has been the butt of many jokes. People are angry that even though the price of Crude oil is now lower, the taxes and deregulation by the government has increased the price of fuel in this country. They believe that the Govt is actively pushing consumers towards EVs & green fuel. The article is our take on the fuel prices increase
