2023 Highlights of the Financial Market
January
NRIs can use UPI.
India becomes 1st country to implement T+1 trade settlement.
Income tax slab rate changes.
Credit cards available on UPI.
February
March
No LTCG benefits on debt funds.
Relief on customs duty continues.
April
UPI limit for IPO becomes 5 lakhs.
GST collections hit 1.87 trillion.
India became the 5th largest equity market
May
June
India's GDP growth rises to 7.8%.
India becomes the most populated nation.
SEBI works on instant settlement.
Bima Sugam launch date announced.
July
August
IPO obtains T+3 operations.
The highest number of demat accounts added in a month.
September
Indian bonds included in the global bond index.
UPI launches 4 new features.
October
India ranked 2nd in no. of IPOs in a year.
Highest credit card spending in a month.
Novembe
r
SIP amount crossed $2 billion.
GDP exceeds RBI's forecast.
December
Mutual funds AUM crossed ₹50 lakh crore mark.
Indian equity markets touched an all-time high.
Here’s hoping for a more positive 2024.
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