IGI Logo

 Below the Budget 2024 Analysis by Ashish Kumar, smallcase Manager & Founder Stoxbazar

'Messaging Aimed at Elections': A closer look at the white paper comparing 2014-15 with present achievements and its implications for the upcoming elections.

'Tax Relief for 10 Million': Withdrawal of pending tax demands up to ?25,000 till 2009-10 and ?10,000 till 2014-15 to benefit a significant number of taxpayers.

'Steadfast on Income Tax': No changes in income tax, signaling government confidence and stability in the interim budget.

'Fiscal Discipline Surpasses Expectations': A positive surprise with a fiscal deficit of 5.8%, beating expectations and setting a target of 5.1% for 2024-25.

'Productive Spending on Cap-Ex': A welcomed 11% increase in capital expenditure to around 11.1 lakh crore, emphasizing productive spending.

'Green Initiatives for Energy': Rooftop solarisation to benefit 1 crore households, offering up to 300 units of free electricity and potential savings of Rs. 15,000 - Rs. 18,000.

'Empowering Electric Vehicles': Opportunities in entrepreneurship and employment through the promotion of electric vehicle charging infrastructure.

'Boosting Post-Harvest Activities': Government commitment to private and public investment in post-harvest activities, including storage, supply chains, processing, marketing, and branding.

'Holistic Maternal and Child Health Care': Integration of various schemes under one comprehensive program for maternal and child health care.

Above views are of the author and not of the website kindly read disclaimer