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Below the quote on Quote on Budget by Ashish Kumar, smallcase Manager & Founder of StoxBazar

“The Union Budget 2024 focuses on growth and stability, with significant allocations for job creation, urban housing, and agriculture. Key changes include a hike in the Standard Deduction to Rs. 75,000, simplified capital gains taxation, and the abolition of the angel tax. The budget also emphasizes infrastructure, MSMEs, and employment-linked schemes, aiming to stimulate economic growth and investor confidence while providing relief to the middle class. Investors should note the positive impact of these measures on the market, particularly in infrastructure, agriculture, and housing sectors.”

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