Stock News for On February 1 in India, Prime Minister Narendra Modi’s government will present its last federal stock market budget before general elections are held in a few months. Unlike most other budgets, this typically isn’t a high-octane affair; indian governments are discouraged from locking their successors into any new spending or taxes. An “interim” budget, as it’s called, tries to avoid committing spending for the entire financial year, which begins from April 2019
Indian Prime Minister Narendra Modi’s finance minister seems ready to break with that requirement. Politicians from BJP insist that there’s no legal requirement to present just a vote-on-account. And the reason’s obvious: They want to pack in as many big-ticket, populist announcements as they can before the election campaign formally begins and governments are forbidden to make new promises outside party manifestos.