Новости за 23.07.2024

The key areas of funding include Rs 9,549.98 crore for the 'Umbrella Scheme for Development of Scheduled Castes', a significant increase from the Rs 6,780 crore in the previous financial year. For achieving social justice comprehensively, the saturation approach of covering all eligible people through various programmes, including those for education and health, will be adopted, Finance Minister Nirmala Sitharaman said on Tuesday while presenting the 2024-25 Union Budget in Parliament.

The government's announcement to reduce stamp duties and offer further reductions for properties purchased by women is expected to boost the real estate sector in India. Experts believe that this move will increase home-buyer sentiment, promote urbanisation, and strengthen municipal finances. Additionally, initiatives like Transit Oriented Development plans and digitisation of land records will further enhance transparency and ease property transactions, ultimately driving urban growth and economic development.

The Union Budget proposes a collaboration between the government and private sector to establish Bharat Small Reactors (BSRs) and advance small modular reactor technology for nuclear power. This initiative aims to bolster indigenous nuclear technology and enhance India's energy mix. With nuclear power contributing significantly to global electricity, new advancements like small modular reactors are gaining attention. The Economic Survey suggests exploring nuclear energy and other alternatives to address renewable power intermittency risks. Читать дальше...

For job creation in the manufacturing sector, the budget proposes incentives to both employees and employers in the first four years. But the budget announcement comes with the rider that the employee must be directly working in the entity paying salary. In other words, the companies in the manufacturing sector can claim benefits only for the employees on their rolls (in-sourced) employees, experts said.

The Union Budget 2024 maintains NHAI's funding at Rs 1.68 lakh crore for 2024-25, with an unchanged highways sector outlay of Rs 2.78 lakh crore. NHAI and NHIDCL play vital roles in constructing national highways and expressways. Previous budgets also highlighted significant funding for these infrastructure projects.

The Pradhan Mantri Awas Yojana (PMAY) is a government flagship program in India that aims to provide pucca houses with basic amenities to all residents, both in rural and urban areas. Pradhan Mantri Awas Yojana is divided into two parts: Pradhan Mantri Awas Yojana-Gramin (PMAY-G) for people in rural areas and Pradhan Mantri Awas Yojana-Urban (PMAY-U) for people staying in urban areas. Both schemes offer financial assistance to eligible beneficiaries to help them build a pucca house. All you need... Читать дальше...

Finance Minister's Union Budget speech raises Securities Transaction Tax and capital gains taxes, impacting stock broking companies. Analysts have mixed views on the changes, with some seeing it as a positive move to control speculation. Market reacts with varying stock price movements for companies like Angel One, Motilal Oswal, and ICICI Securities.

​In some cases, they completely exempt capital gains on considering as something that gives impetus to growth. But today, if you are in FM's position, you need to raise revenues from somewhere. If you are going to give push to infrastructure, to R&D, I guess this was an area where she felt that she can raise more revenues for.

Budget 2024: Finance Minister Nirmala Sitharaman presented the Budget for 2024-25, marking her 7th consecutive presentation. This budget is the first during Prime Minister Narendra Modi's third term in office. Sitharaman emphasized India's continued economic growth amidst global policy uncertainties.

Budget 2024 proposes a higher TDS on certain capital gains for non-residents on certain assets such as listed equities. The new TDS will apply only on transfers made on or after July 23, 2024. The revision is aimed at bringing parity between resident and non resident taxation structure.

In the Budget 2024 proposal, it has been announced that the payout from your life insurance policy will be higher due to a reduction in the TDS (Tax Deducted at Source) rate to 2%. The explanatory memorandum of Budget 2024 states, "It is proposed that TDS under section 194DA of the Act be reduced from 5% to 2%".

The Union Budget for 2024-25 proposed a reduction in long-term capital gains (LTCG) tax rates from 20% to 12.5% for assets held over 24 months, aiming to benefit investors and property owners. However, the removal of indexation benefits, which adjust the purchase price of assets for inflation, may mitigate some of these gains.

Allocation for the Mumbai-Ahmedabad bullet train project was lowered from the Rs 25,000 crore allocated in the interim budget to Rs 21,000 crore in the full budget. Further, the Dedicated Freight Corridor is expected to get a boost with the enhanced budgetary support of Rs 8155 crore, up from Rs 3955 crore in the interim budget.

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The government has made a provision of Rs 2.66 lakh crore for rural development including rural infrastructure. Finance Minister Nirmala Sitharaman, in her 7th Union Budget speech, also made a provision of Rs 1.52 lakh crore for agriculture and allied sector

Budget Tax Measures: India on Tuesday announced income tax rate cuts to boost consumption amid economic struggles. The revised system now taxes annual income between 0.3-0.7 million rupees at 5%, expanding the lower end and increasing the standard deduction for salaried employees. The changes aim to provide relief and encourage spending, with some revenue sacrifices and additional mobilization anticipated.

Who gains and who losses in Budget 2024: The finance minister Nirmala Sitharaman has announced many changes in the Budget 2024 presented today. However, some will have to pay more taxes going forward and some are likely to pay less taxes going forward.

The central government has cut the allocation for the Faster Adoption of Manufacturing of Electric Vehicles in India (FAME) by 44% to Rs 2,671 crore for FY25, down from Rs 4,807 crore. Meanwhile, the allocation for the production-linked incentive (PLI) scheme for automobile companies has increased to Rs 3,500 crore from Rs 600 crore. This shift forces automakers to focus on economies of scale rather than relying on direct subsidies.

Budget: The need for more jobs is at the centre of India's economic growth. In her seventh budget, Sitharaman took the bull by the horns and unveiled schemes that will directly boost employment as well as skilling by involving employers and the academia.

NSE CEO Ashish Chauhan termed Budget's tax changes minor, aiding capital formation. Market correction blamed on investor misunderstanding. Praised 4.9% fiscal deficit, Rs 11 lakh crore infrastructure investment, job creation, and buybacks. Future F&O changes expected from regulators. Government avoids populism, despite Bihar and Andhra Pradesh considerations.

Nirmala Sitharaman's budget concentrates on long-term growth via the Amritsar-Gaya Industrial Corridor, 4.9% fiscal deficit target, job creation, and state benefits. With RBI dividend and high taxes aiding skilling, FY22 capital expenditure rose by 42%, FY24 by 35.9%. The fiscal consolidation path remains crucial, aligning economic priorities with fiscal discipline.

In an ETMarkets live session, Saketh discussed Delta Exchange, crypto market volatility, straddle pricing, leverage, and high charges. He emphasized rapid premium adjustments, risk management, trader skepticism, starting with small investments, and a cautious approach in the evolving crypto market compared to traditional markets.

The Union Budget for FY25 proposes an 800-MW advanced ultra supercritical power plant via a joint venture between NTPC Ltd and Bharat Heavy Electricals Ltd. The government will provide fiscal support, promoting indigenous technology and high-grade steel production, boosting thermal power capacity, and addressing equipment availability issues.