• By Goodwill
  • 5 Comments
  • February 1, 2024

Budget Highlights :

-Increase in Capex by 11.1% to 11.1 lac Cr

-New 3 Railway Corridors to improve logistics efficiency
 
-Expansion of existing airports and new airports to be constructed
 
-Promotion of urban transportation via Metro rail
 
-Housing for Middle Class to buy/build own houses
 
-Long term interest free loans to states to boost tourism development
 
-5 integrated aqua parks
 
-Solar roof tops in 1 Cr houses to get 300 units of free power every month
 
What has happened:
 
-Direct tax collections trebled in 10 years
 
-Faster IT refunds
 
-Gross GST Collections average Rs 1.66 lac Cr/month
 
Taxation: No Change
 
Fiscal deficit: FY 24 Fiscal deficit is expected to be 5.8% of GDP. Fiscal deficit to reduce to 5.1% in FY24-25.
 
Govt borrowings: Net borrowing is expected to be Rs 11.75 lac Cr in FY24-25.
 
10 Year Yields has declined to 7.05. Equity market is flat and USDINR is at 82.97.
 
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Comments

  1. securitysolutions
    February 7, 2024

    “Fantastic!”

  2. securitysolutions
    February 7, 2024

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  3. securitysolutions
    February 7, 2024

    “Bravo!”

  4. securitysolutions
    February 8, 2024

    “You’re amazing!”

  5. securitysolutions
    February 8, 2024

    “Keep it up!”

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