[ad_1] Budget 2024: Picture Abhi Baaki Hai

Budget 2024: Picture Abhi Baaki Hai

Feb 2, 2024

ET Online

Rural recovery in store for consumer goods

Positive Impact: Companies see increased focus on post-harvest activities and rural housing scheme, among other measures, boosting rural consumption in mid to long term.

Image Source: ET Bureau

FM Says AI to Innovation

The govt’s massive push to promote private sector innovation and research through a corpus of Rs 1 lakh crore could spur entrepreneurship in new-age technologies such as artificial intelligence, 5G, quantum computing, health and agritech, senior technology leaders told ET.

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Tax fair among equals

Investment Boost: Govt has extended the deadline of March 31, 2024, for tax benefits offered to startups, sovereign wealth and pension funds, and units in the IFSC GIFT City, by a year.

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India Inc toast for a few bonds more

Internal Accurals: Using GST compensation kitty to lower Centre’s gross borrowings by Rs 1.2 L cr; yields slide to their lowest levels since last June.

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One foot placed firmly on Capex pedal

A record Rs 11.11 lakh crore is still going towards capex next fiscal, Nirmala Sitharaman said, which is 3.4% of GDP against 3.2% in FY24.

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Vande Bharat upgrade

Upgrading older trains to Vande Bharat standards, easing congestion, and faster freight movement on energy, cement, and port connectivity routes are the priority for the Indian Railways as the government closes a decade in power.

Image Source: ET Bureau

Investor Man: Beyond investor-verse

Money managers said investors were relieved that the budget had no negative surprises and the government cut its fiscal deficit target for FY25.

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Field jazzed up

The emphasis on modernizing the farm sector through greater investments in upgraded storage, streamlined supply chains and branding will enhance overall efficiency and competitiveness, industry executives said.

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Population made productive

A government-appointed panel will look into the challenges arising from fast population growth and demographic changes, finance minister Nirmala Sitharaman said while presenting the interim budget on Thursday.

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Bharat Ek Khoj

Nirmala Sitharaman on Thursday redefined GDP to Growth, Development, Performance.

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Read the Tea Leaves

While some questions remain over the efficacy of GoI’s schemes toward an inclusive economy, top marks for setting the narrative for the welfare and health of India, say experts.

Image Source: ET Bureau

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