Atmanirbhar defence, EV orders give BEL a boost https://ift.tt/kbytTg8 company has been a major beneficiary of the government's decision to put over 330 defence items under import embargo taking the total count to 1,100. BEL manufactures about one-fifth of the total items.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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