<p>Angel Tax was always a bad idea. Good riddance.</p>
<p>Dreaded and wasteful angel tax is finally gone. Start-ups can breathe easy.</p>
<p>long term capital gains tax raised to 12.5% from 10%- this will perhaps dampen the flow of savings to financial instruments.</p>
<p>Decriminalisation of TDS default - a good move</p>
<p>Good to see that the government has come out with a reduction in customs duty on gold imports. Will curtail smuggling </p>
<p>Customs duty on Gold reduced to curb smuglling</p>
<p>Shrimps seem to be flavour of the budget, partly thanks to Andhra.</p>
<p>Good balancing act on fiscal deficit. Reduction by 0.2% is good.</p>
<p>Careful on public spending. Fiscal deficit to be projected at 4.9%</p>
<p>Try to simplify GST and expand to remaining sectors.</p>
Budget 2024
<p>Fiscal deficit pegged at 4.9% of GDP. 👍</p>
deficit
<p>4.9% of GDP! Significant consolidation partially thanks to RBI payment.</p>
<p>Focus on digitisation of land records is great</p>
<p>Increase in federalism. States get more allocation in budget. </p>
<p>Digitisation of terrestrial maps to establish land registries.</p>
<p>New Economic Reforms Framework. Spoken but not outlined. Part of Viksit Bharat or a new document?</p>
<p>Next Generation Reforms- an economic police framework will be prepared. Good to see that the first priority mentioned in this context is EMPLOYMENT & growth is next </p>
<p>She announced a viability gap funding programme to encourage private sector investment in infra. Details not provided.</p>
<p>Passing on the infrastructure investment baton to private sector has rightly begun. </p>
<p>Rs 11 lakh crore or 3.4% of the GDP has been provided as Central Government allocation for infrastructure development in this year</p>
<p>No increase in Govt capex spending over the provision in interim budget.</p>
<p>More resource allocation to Bihar and Andhra in the Budget reflects political realities and pressure from allies</p>
<p>Bharat Small Reactor to be set up for the promotion of small and modular nuclear reactors - This is a very positive step. </p>
Energy Security
<p>Pumped storage support and nuclear SMRs key to having a clean base load.</p>
<p>Govt to encourage moderation of state stamp duties.</p>
Budget 2024
<p>Internship scheme for one crore youth. Similar to Cong right to apprenticeship in its Nyay Patra</p>
<p>The Three Top priorities of Agriculture, Skilling and EMployment and Inclusive Human Resource Development are all in the right direction.</p>
<p>Congress leaders will claim BJP reading from their manifesto.</p>
<p>Great to hear that a comprehensive internship scheme is being introduced to cover 1 crore youth in 500 top companies. </p>
<p>Apprenticeship scheme brought in through internship incentives.</p>
Employment
<p>More focus on apprenticeship, internship, formal employment - win win for India Inc and youth?</p>
<p>very happy to note the promotion measures for natural farming - to cover 1 crore farmers in the next two years and supported by certification and branding support.</p>
<p>Assessment of digital footprint of MSMEs to encourage formalisation.</p>
Budget 2024
<p>Govt banks to double down on credit appraisal in-house not just provide balance sheets to NBFCs, fintech.</p>
<p>Support for MSMEs involved in labour intensive manufacturing.</p>
<p>Special assistance for backward regions of Andhra Pradesh and also 15000 crores to be arranged from multilateral banks</p>
<p>Being an ally to a government that lacks a full majority is always the strongest political card.</p>
<p>FM keeping allies JDU and TDP in good humour.</p>
Budget 2024
<p>Bihar and Andhra First: two key coalition partner states get top priority </p>
<p>Additional assistance from Multilateral Banks for Bihar</p>
<p>No special status, rather special focus for Bihar’s development.</p>
<p>Interesting to note that Eastern package is for many Eastern states and not just allies.</p>
<p>Purvodya plan for development of Eastern India, including Bihar and Andhra.</p>
<p>Great to see renewed focus on Eastern India - good economics, good politics.</p>
<p>Education loans up to 20 lakh for higher education in domestic colleges </p>
<p>Big question is can an ELI by itself spur employment creation.</p>
<p>20 lakh youth to be skilled over the next five years and 1000 ITIs to be upgraded </p>
<p>Employment Linked Incentives is a new idea to spur job creation for the youth</p>
<p>Incentives to the employer and employee for new employment for first 4 years.</p>
<p>Govt chipping more to EPFO for youth is key to more formal employment</p>
<p>Employment Linked Incentives based on EPFO registration</p>
<p>Employment Linked Incentive - three schemes announced. Good move and much needed </p>
<p>Digital details of 6cr farmers will be brought into farmer land registry.</p>
<p>Rural land record digitisation is key for more formal credit flow.</p>
<p>FPOs combined with ONDC could be smart back-door farm reforms.</p>
<p>Funding for Agri in challenge mode for research. Focus on climate resilient research.</p>
<p>High yield crop varieties welcome. Vetted GM seeds need to be approved faster.</p>
<p>Employment, Skilling, MSMEs, Middle Class let focus of Budget</p>
Budget 2024
<p>Employment and skill development top priority. Understandable. Rozgaar has been the biggest concern </p>
Analysis
20th Jul, 11:08 AM (IST)
<p>Good to see strong focus on skilling, apprenticeship, employment.</p>
