Delhi Rains: Delhi-NCR experienced heavy rain early Wednesday, providing relief from humid conditions. The IMD issued a yellow alert, forecasting more showers and a drop in temperatures. Several areas recorded significant rainfall, but the city remains below its July average. Rising Yamuna River levels prompted alerts for Noida villagers. The IMD also predicts rainfall in other parts of India, while the AQI in Delhi remains satisfactory.
Modi's government will invest 2 trillion rupees to address a 40% youth jobless rate through tax breaks, job incentives, and backing for Andhra Pradesh and Janata Dal (United). Despite over 8% growth, challenges persist. Rahul Gandhi criticizes as hollow promises. Budget deficit to drop to 4.9% of GDP with a $25 billion dividend.
The recent budget emphasizes spending in the farm and rural economy, reduces income tax for middle-income households, and promotes employment and fiscal consolidation. Although higher capital gains tax and unchanged capex could disappoint, it includes social welfare schemes, a lower fiscal deficit, market borrowing, and beneficial impacts on bond yields, consumer durables, two-wheeler, QSR, pharmaceuticals, and telecommunications sectors.