The Buzzing Trends || What are the key pre-budget announcements for Australia?

The S&P/ASX200 ended Friday with a fall of 0.8 per cent even though April 2021 was the best month for Australian Market in last 5 months. ASX started the new month with a gain of 25.70 points to 7 thousand 51.50 at 11:42 AM Australian Eastern Standard Time.

This pledge of $ 1.7 billion spending is hopeful to increase female participation at workplace. The subsidy will target families having more than 1 child in day-care aged up to 5 years to a maximum of 95 per cent subsidy for the second and subsequent children.

Premier Investments, a company with a particular focus on retailing, importing and distributing, announced that it shall repay net benefits of $ 15.6 million as JobKeep Subsidy received for the 6 months ending in January 2021. Westpac Banking corporation reported interim cash earnings at $ 3.5 billion, up by 256 per cent as the economy rebounds from Covid-19.

This increase will help Westpac to meet its pledge to reduce cost by 2024. This will be possible to be achieved by the shift to digital banking which will ultimately lead to branch reduction and increase in products sold.

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