Union Budget 2024-25 - 'Fiscal Prudence To The Fore': HDFC Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Institutional Equities.The FY24-25 interim union budget had no big-bang policy announcements, but bias is still investment-led growth though the quantum is smaller. No dole-outs to boost consumption as fiscal prudence gains prominence. Downward revision of the fiscal deficit target for FY24 at 5.8% from the budgeted 5.9% was a positive surprise. It was led by higher than budgeted income tax collection, RBI and public sector undertaking dividend and capex savings (Rs 0.5 trillion) despite lower nominal GDP growth..Key announcements:Rooftop solarization: 10 million households will be enabled to get up to 300 units of free electricity per month.Three major railway corridors will be constructed under PM-Gati Shakti to improve logistical efficiency.Cervical cancer vaccinations for girls will be encouraged.Under PMAY (Grameen), 20 million new houses will be built (currently 30 million houses have already been constructed).States will be encouraged to promote and develop iconic tourist centres.Withdrawals of outstanding tax demands (up to Rs 25,000 until FY10 and up to Rs 10,000 for the period FY11-15) benefitting approx. 10 million taxpayers..Click on the attachment to read the full report:.Union Budget 2024-25 - Government Stays Focused On Long-Term Macro Stability: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Union Budget 2024-25 - 'Fiscal Prudence To The Fore': HDFC Securities

Here are the key announcements made by Finance Minister Nirmala Sitharaman

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Union Budget 2024-25 - 'Fiscal Prudence To The Fore': HDFC Securities

Here are the key announcements made by Finance Minister Nirmala Sitharaman

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