India.budget

Introduced in 2019, NIP has a projected investment of around Rs 111 trillion for FY20-25 for developing a comprehensive view of infrastructure development in the country.

Fertliser stocks gain up to 4% as Budget announces measures for agriculture development

Budget 2025: Finance Minister Nirmala Sitharaman unveiled measures aimed at boosting the rural economy, which are expected to benefit the fertiliser sector, as farmers represent its primary consumer base.

Agri stocks soar up to 9% as Budget 2025 unveils reforms to support agriculture, farmers

Budget 2025 Impact: Finance Minister Sitharaman announced a six-year mission to achieve self reliance in pulses. Loan limit for Kisan credit cards were also increased to Rs 5 lakh to extend support to farmers.

Live: Economic Survey | India’s Financial Report Card Decoded | Budget 2025

The 2024-25 Economic Survey was tabled in Parliament on 31 January, marking the Budget Session's start. Chief Economic Adviser V. Anantha Nageswaran later shared insights. Traditionally, the survey precedes the Union Budget, except in election years when an interim statement is issued. Last year, a 'review' was presented on 31 January before the interim budget, while the full 2023-24 survey was unveiled in July after the new government took office.

Realty stocks see sharp rebound a day after Budget-led selloff, surge up to 8%

Realty stocks had witnessed strong selling on the Budget day after finance minister Nirmala Sitharaman's proposed to remove the indexation benefit on calculating long term capital gains tax (LTCG) on real estate.

Fiscal deficit: Go easy or pull back? What markets are likely to reward

Fiscal consolidation, in wake of strong economic growth, is likely to temper inflationary pressures, and conducive for long term sustainable growth, as the Indian economy endeavors to move to being a developed economy. Markets are likely to reward such an outcome.

Don't think hike in capital gains tax big enough to deter market investments, says Rahul Arora

Budget 2024: "I think prima facie hiking the rates is negative, but I think the way the market has reacted from the day's is low is telling you that people are ready to buy into equities," says Rahul Arora.

ITC stock soars 4% as Budget 2024 skips hike in tobacco taxation

Budget 2024: Several measures announced to boost employment bode well for ITC, sparking hopes of a rise in demand for consumer staple products due to higher incomes.

Sugar stocks tumble as Budget fails to address industry's top priorities

Shares of Avadh Sugar, Bajaj Hindusthan, EID Parry, KCP Sugar, Rajshree Sugars, Sakthi Sugars, Ugar Sugar Works, and Uttam Sugar fell 2-4 percent following the Budget announcement.

Dixon Tech slips on profit booking after Finance Minister slashes import duty on mobile phones

Budget 2024: The government has reduced basic customs duty on mobile phones, mobile charger to 15%.

Fertiliser stocks see profit booking after Union budget raises allocation for rural development

Budget 2024: Finance Minister Nirmala Sitharaman did not tinker with the fertiliser subsidy for FY25 that was estimated in the interim budget, a move that was along industry expectations.

Hero MotoCorp, TVS Motor stocks rise as 12% rural allocation may spur demand

The Budget 2024 didn't introduce the widely-expected FAME 3.0 (Faster Adoption and Manufacturing of Electric Vehicles), targeting the affordability and adoption of electric two-wheelers

Tata Motors, M&M, Maruti shares decline as Budget 2024 skips EV, hybrid emphasis

The proponents of EVs argued that shifting focus away from EVs could have possibly slowed India's progress toward its climate goals and stifled its growth.

Agri stocks surge after Budget 2024 announces agricultural reforms, provision of 1.52 lak cr

Budget 2024 Impact: Finance Minister Sitharaman announced an allocation of Rs 1.52 lakh crore for agriculture and allied sectors

Government could focus on reducing fiscal target, says Bank of Baroda's Madan Sabhnavis

Sabhnavis highlights the need for the government to reduce income tax rates or widen the income tax slabs, thereby increasing disposable income for individuals.

Random tinkering with capital gains tax could be a dampener for market: Buoyant's Jigar Mistry

Mistry also added that markets appreciate stability over random tinkering. If a scenario is presented where specific events are eliminated and a comprehensive package is created, markets would rise.

Tata Motors, M&M shares close higher on expectations of EV boost

Budget 2024: Extending production-linked incentive (PLI) schemes and reducing import duties could attract investments by foreign automakers and make India an export hub for advanced automotive technologies,

Pharma stocks rise in anticipation of hike in Budget expenditure for healthcare, aid to R&D

Pharmaceutical stocks rose amid expectations of increased healthcare spending and R&D support in the upcoming Budget, driven by India's current low healthcare expenditure and anticipated government measures.

Two-wheeler stocks edge higher on likely rural boost, FAME III rollout

The government's target of having 30 percent electric vehicles on the road by 2030 hinges on the expansion of the FAME program, which the EV industry is actively advocating for, experts say.

Chemical players bet on hopes of PLI to give manufacturing boost

With the chemical industry still sitting on the cusp of a rebound in the sector, experts are anticipating continued support from the government through its PLI scheme to ensure a revival comes back later this fiscal.

Hybrid or EV? Here's what the auto industry wants to hear from Budget 2024

Budget 2024: There is an expectation for the government to introduce policies for new energy vehicles (NEVs), encompassing biofuels, plug-in hybrid vehicles (PHEVs) and hybrid electric vehicles

Budget 2024: Agri industry hopes for measures to bolster infrastructure, increase production

A major pain point for the agriculture industry has been inflation and exacerbating climate change woes. To address this, the industry hopes for the government to announce incentives for key crops to boost farmers' incomes and tackle persistent food inflation.

Will FM Sitharaman's 7th Budget address the decline in affordable housing?

Stay connected with Moneycontrol.com for live updates on Union Budget 2024, presented by FM Nirmala Sitharaman on July 23, 2024. We'll cover expectations from taxpayers, investors, industries, farmers, women, and more.

MC Survey: CEOs anticipate stable corporate tax regime in budget

Currently, under Section 115BAB, newly established domestic manufacturing companies are subject to a reduced tax rate of 15 percent on their total income.

Budget 2024: Chemical players hope for PLI to boost manufacturing

The chemical industry has been hurting from a double whammy of weak demand and the influx of low-cost Chinese inventory in the global markets over the last year and hence is hoping for the government's measure to ease its pain.