🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Market Analysis: India's New Budget Brings Short-term Challenges to the Market
Kujten data, July 23 news, Axis Securities CEO Pranav Haridasan said that the budget for India 2024-25 brought short-term challenges to the market. He said: "The increase in capital gains tax rates and the increase in securities transaction tax (STT) are negative in the short term." He added that capital expenditure allocation remains unchanged, below market expectations. However, there are also some positive aspects. Haridasan said that the fiscal deficit target has been reduced from 5.1% in the mid-term budget to 4.9%, "showing a steady path to fiscal consolidation." The budget also emphasizes welfare projects, aiming to alleviate rural distress and support the rural economy. He expects that the initial market reaction will be temporary and will soon return to normal.