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Kerala State Lottery Saturday (14.09.2024) Result DECLARED: KARUNYA KR-671 3 PM Draw 1st Prize Ticket No. KS 475528 (KOTTAYAM)

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Kerala State Lottery

Kerala State Lottery : The Kerala State Lottery has announced the results of the Karunya KR-671 draw that took place on September 14, 2024. Ticket number KS 475528 from Kottayam clinched the top prize of ₹80,00,000.

Other prize categories of Kerala State Lottery ? 

Kerala State Lottery

There are multiple prize categories in the Karunya KR-671 lottery. Below are the specifics:

  1. 1st Prize: ₹80,00,000
  2. 2nd Prize: ₹5,00,000
  3. 3rd Prize: ₹1,00,000
  4. 4th Prize: ₹5,000
  5. 5th Prize: ₹2,000
  6. 6th Prize: ₹1,000
  7. 7th Prize: ₹500
  8. 8th Prize: ₹100

Furthermore, a consolation prize worth ₹8,000 is awarded to tickets with numbers near the 1st prize number, albeit in distinctive series.

Here are some of the popular lotteries in India:

  • Kerala State Lottery is one of India’s oldest and most well-liked lotteries, famous for its regular and grand draws such as Karunya, Akshaya, and Pournami.
  • Sikkim State Lottery provides different draws like Dear Morning, Dear Day, and Dear Evening series. The lotteries in Sikkim that offer big prizes are also very well-liked.
  • Nagaland State Lottery is famous for its Dear Lottery series, which features draws such as Dear Morning, Dear Day, and Dear Evening. The state also holds raffle events.
  • Maharashtra State Lottery provides a range of weekly and bumper draws, such as the Maharashtra Diwali Bumper and Ganesh Laxmi Bumper.
  • West Bengal State Lottery offers multiple weekly draws and special bumper draws such as the Bangabhumi Super Draw.
  • The Punjab State Lottery is famous for its grand draws like the Punjab State Rakhi Bumper, Lohri Bumper, and New Year Bumper.
  • Goa State Lottery hosts daily and weekly draws, as well as special bumper draws such as the Goa Rajshree Bumper.

These lotteries are lawful and overseen by the state governments they belong to, guaranteeing openness and impartiality.

kerala state lottery ticket process : 

Kerala State Lottery

To take part in the Kerala State Lottery, you can adhere to these guidelines:

Purchasing a Ticket

  • Discover an Authorized Retailer: Find a licensed lottery retailer or agent near you. You can also buy tickets online from the official Kerala Lotteries website or licensed online agents.
  • Pick a lottery: Choose from the different weekly or bumper lotteries that are offered. Every lottery comes with unique prize formats and dates for drawings.
  • Buy the ticket: Use cash, debit, or credit card to pay for it. Make sure to get a receipt as evidence of your purchase.

Asserting a reward.

  • Verify your ticket number by comparing it with the results announced in the Kerala Government Gazette, newspapers, or official Kerala Lotteries website.
  • To claim ownership of the winning ticket, sign your name, address, and signature on the back.
  • Create duplicates: Copy both sides of the ticket as a personal record.

Process of making a claim:

  • Awards of up to ₹5,000: Can be collected in person from any authorized lottery retailer.
  • Prizes over ₹5,000: Should be collected at a District Lottery Office or the Directorate of State Lotteries using the original ticket and required ID documents.
  • To claim bigger prizes, you must submit the ticket, claim form, ID proof, and a passport-sized photo.

Tax and Commission: Any prize exceeding ₹10,000 will have a 30% deducted for tax, while the first three prizes will incur a 10% agent commission.

Time limit: Winners must collect all prizes within 30 days from the day of the draw.

For more interesting update follows our official website. 

Why Sebi ban Anil Ambani ? and 24 Others Banned From Securities Market By SEBI For 5 Years

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Why sebi ban Anil Ambani?

Why Sebi ban Anil Ambani : Anil Ambani and 24 others have been prohibited by the Securities and Exchange Board of India (SEBI) from participating in the securities market for a period of five years. 

This choice is a component of a larger effort to address suspected breaches of securities regulations. The prohibition prevents them from engaging in securities trading, including mutual funds, or serving as a director or key managerial personnel in any publicly traded company during this time.

In this article we discuss about the main reason why sebi ban Anil Ambani and 24 others?

What is impact Anil Dhirubhai Ambani Group’s stocks? 

Anil Dhirubhai Ambani Group’s stocks fell by as much as 14% following Sebi’s decision to ban Anil Ambani from the securities market for five years due to accusations of fund diversion from Reliance Home Finance. Shares of Reliance Home Finance and Reliance Power dropped by 5%, whereas Reliance Infrastructure saw a 14% decline.

Who are the other 24 people banned?

The full list of the remaining 24 individuals prohibited by SEBI, in addition to Anil Ambani, has not been completely revealed to the public. On the other hand, these prohibitions usually target important staff members and partners associated with the purported infractions.

If you require more detailed information or recent updates, I can assist you in searching for the most current news or official statement

Why Sebi ban Anil Ambani ? And 24 others. 

Why sebi ban anil ambani

The SEBI ban on Anil Ambani and 24 others was a result of alleged misrepresentation, fraudulent practices, and failure to comply with securities laws. The following items may consist of:

  • Misleading financial statements involve presenting inaccurate or deceptive information in financial documents.
  • Insider Trading: Trading using undisclosed, significant information.
  • Market manipulation involves participating in actions that artificially impact the value of securities.
  • Failure to disclose crucial information which could impact investors’ choices.
  • Breaking SEBI regulations: Violating particular SEBI standards and regulations.

Such behaviours erode market integrity and investor confidence, leading regulatory bodies such as SEBI to implement strict measures.

what is SEBI?

Sebi

SEBI is the governing body for securities and commodity markets in India. It functions within the bureaucratic jurisdiction of the Indian Government’s Ministry of Finance. 

SEBI was formed as an administrative authority on April 12, 1988, and was granted legal authority on January 30, 1992, under the SEBI Act, 1992.

Main Functions of SEBI:

  • Protecting Investors: Making sure that the interests of investors are protected.
  • Managing the Market: Supervising and controlling the securities market to guarantee equitable practices.
  • Developing: Supporting the growth of the securities market.

SEBI’s main office is in Mumbai and it also has offices in New Delhi, Kolkata, Chennai, and Ahmedabad.

For more intresting update follow our official website.

Brace Port Logistics IPO open till 26 August : Check issue size, price band, GMP among other details

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Brace Port logistics ipo

The Brace Port Logistics IPO will be available for subscription from August 19 through August 21, 2024. Here are some important particulars:

– Price Range: ₹76 to ₹80 per share.

– The size of the issue is 30.51 lakh shares, totaling ₹24.41 crores.

– The smallest amount you can invest is 1600 shares, which totals to ₹128,000.

– Planned date of listing: Tentatively scheduled for August 26, 2024, on the NSE SME platform.

Strong demand has led to the IPO being oversubscribed by over 150 times within the first two days. The earnings will be utilized for operational funds and overall business needs.

Are you considering investing in this initial public offering?

What is Brace Port Logistics?

Brace Port logistics

Port Logistics is a logistics company that provides services and has more than 20 years of experience in the industry. They provide various services, such as:

Ocean Cargo Logistics specialises in managing both full container load (FCL) and less than container load (LCL) shipments worldwide.

– Air Freight : Offering global air freight solutions.

Warehousing: Providing customised storage options for different types of goods.

– Simplifying import and export customs procedures: Customs Clearance.

– Utilising trustworthy road freight partners for both local and global transportation ensures efficient road transportation services.

Brace Port Logistics is recognized for its tailored and efficient supply chain services, utilising integrated technology platforms to fulfil customer requirements.

How has Brace Port Logistics performed financially?

Brace Port Logistics has displayed significant financial expansion in recent years. Here are a few important points:

  • Revenue Increase: The company recorded a total revenue of ₹55 crore for the fiscal year ending in March 2024.
  • Profitability: The net profit amounted to ₹4.9 crore during that time frame.
  • 2021 saw the company achieving revenues of ₹7.06 crore and a profit after tax (PAT) of ₹0.23 crore.

This progress shows a significant increase in revenue and profitability, highlighting the growth of their business and successful cost control.

How does Brace Port Logistics compare to other logistics companies?

Brace Port Logistics has demonstrated impressive growth and performance, now let’s assess its performance against other companies in the logistics sector:

Tiger Logistics, AVG Logistics, and Brace Port Logistics are well-established players in the transportation services market. Tiger has a strong global presence and a strong customer foundation. 

Average Logistics offers a wide range of storage and shipping options and focuses on technology integration. Brace Port Logistics, an up-and-coming competitor, has a net profit of ₹4.9 crore in FY 2024.

What are the risks associated with investing in Brace Port Logistics?

Brace Port logistics Ipo gmp risk

Investing in Brace Port Logistics comes with several risks that potential investors should consider:

  • Competitive Market: The logistics sector is highly competitive, with many established players.
  • Brace Port Logistics, being a relatively young company, faces intense competition.
  •  Dependence on Key Clients: The company’s business is concentrated on a few key clients.
  •  Macro-Economic Issues: Future economic downturns can impact trade volumes and revenue for logistics companies like Brace Port.

Considering these factors can help you make a more informed investment decision.

For more intresting update follow our official website.

SEBI Employees Protest : SEBI Employee Associations denounce false claims of organizational discontent

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Sebi employees protest

SEBI Employees Protest : Recent false information on internal dissatisfaction inside the organization has been sharply denounced by the SEBI Employee Association (SEA) and the SEBI Employee Association for Legal Stream (SEALS). They stressed in a statement released on August 3, 2024, that these accusations are baseless and the product of a small number of irate people.

 Both associations, (are involve in SEBI employees protest) which together account for almost 80% of SEBI’s workforce, emphasized that they continue to have HR-related conversations with SEBI management and that they support SEBI’s strategy for resolving employee problems by SEBI employees protest .

Is there anything specific you’d like to know more about regarding SEBI or its right ongoing SEBI Employees Protest?

What is SEBI?

SEBI employees protest

The Indian securities and commodities markets are governed by the Securities and Exchange Board of India (SEBI). SEBI was founded in 1988 and granted legislative authority by the SEBI Act of 1992. Its main responsibilities are to safeguard the interests of securities investors and to encourage the growth and regulation of the securities market.

Here are some key functions of SEBI:

Controlling Stock Exchanges: Making sure the stock market operates fairly and transparently.

 Putting policies in place to protect investors from dishonest practices is known as “protecting investor interests.” Encouraging and Supervising 

Self-Regulatory Groups: Managing organisations that oversee their own members.

 Insider Trading Prohibition: Putting laws into place to stop unethical behaviour such as insider trading.

 Controlling Market Intermediaries: Ensuring compliance with laws and regulations by brokers, underwriters, and other intermediaries.

How SEBI regulates financial market?

One of the most important organizations for overseeing India’s financial markets is the Securities and Exchange Board of India (SEBI). The following are some of the main methods by which SEBI maintains the integrity and efficient operation of the financial markets: 

Controlling Stock Exchanges: SEBI is in charge of regulating stock exchange activities to make sure they run honestly and openly. This entails keeping an eye on trading activity and guaranteeing rules are followed.

 Safeguarding Investor Interests: SEBI puts policies in place to shield investors from dishonest practices. This entails upholding laws prohibiting insider trading and making sure businesses give investors correct information on time.

Brokers, underwriters, and other market intermediaries are subject to regulation by SEBI, which makes sure they follow the law and uphold high standards of behaviour. Encouraging and Supervising

 Self-Regulatory Organisations: SEBI makes sure that organisations that govern its members, such depositories and stock exchanges, abide by the rules that it has established. 

Performing Inquiries and Imposing Penalties: SEBI is empowered to carry out inquiries about market operations and administer sanctions to noncompliant parties. Investor confidence and market integrity are preserved in this way. 

Controlling Mergers and Acquisitions: In order to guarantee that these transactions are carried out in a fair and open manner, SEBI establishes regulations for mergers, acquisitions, and takeovers. 

Ensuring Fairness and Transparency: To guarantee equity and transparency in market exchanges, SEBI creates rules and regulations. This involves arranging disclosure requirements for companies and monitoring compliance. 

How does SEBI enforce regulations?

Regulation enforcement is carried out by the Securities and Exchange Board of India (SEBI) through a combination of investigative, punitive, and monitoring measures. The following are the main strategies employed by SEBI to uphold its rules: 

Directions and fines: In accordance with Sections 11(4) and 11B of the SEBI Act, SEBI is able to give directives and impose fines. This covers measures including enforcing penalties, freezing assets, and stopping trading. 

SEBI has adjudicatory powers in accordance with Sections 15A–15J of the SEBI Act. This entails holding hearings and issuing directives to punish offenders.

Enquiry Procedures: In accordance with Section 12(3) of the SEBI Act, SEBI is authorised to initiate enquiry procedures against market intermediaries and, in light of the results, to take appropriate action. 

Criminal Procedures: For serious infractions, SEBI may file a criminal complaint in accordance with Section 24 of the SEBI Act. When other measures are not sufficient, this is frequently used. 

Inspections and Inquiries: SEBI regularly examines registered intermediaries and looks into any questionable activity. It is able to issue summonses, request information, and review documents.

Registrations may be suspended or canceled by SEBI in response to intermediaries that transgress its restrictions. This guarantees that the market is solely occupied by compliant firms.

 Publication of Enforcement Orders: To ensure accountability and openness, SEBI regularly posts enforcement orders on its website.

 By taking these steps, SEBI is able to preserve the stability and integrity of the Indian financial system.

For more interesting update follow our official website. 

Tax clearance certificate mandatory for leaving India : Budget 2024

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Tax clearance certificate

Are You Departing from India? Where is your Tax clearance certificate ? Yes! If your are planning for leaving India the Tax clearance Certificate are mandatory for leaving India: Anyone living in India who intends to depart the nation after October 1, 2024, will require a clearance certificate attesting to their compliance with the Black Money Act. This certificate guarantees that no taxes or other sums are owed. It includes payments under the previous Wealth Tax, Gift Tax, and Expense Tax Acts in addition to taxes under the Income-tax (I-T) Act.

 The 2024 Budget also suggests eliminating the ₹10 lakh fine for failing to declare foreign assets (apart from real estate) if the total value of those assets is less than ₹20 lakh. Recall that while completing their income tax return, residents are required to disclose any overseas assets and income. 

What is the Black Money Act?

Enacted in 2015, the Black Money Act is a comprehensive piece of legislation designed to address the problem of unreported overseas assets and income.

 It offers a structure for declaring, paying taxes on, and upholding laws pertaining to these kinds of earnings and assets kept outside of India. In essence, it targets citizens who conceal overseas income and levies taxes and penalties on such assets.

How can someone obtain Tax clearance certificate before leaving india

Tax clearance certificate mandatory for leaving india

If you are a foreign visitor to India for any reason, including business, you must have an Income Tax Clearance Certificate (ITCC). 

This is how you get it:

 Eligibility: The following requirements must be satisfied: not based in India. traveling to India for work or pleasure. earning money from sources in India. 

Procedure for Application: 

Offline: Fill out Form 30A and send it in with the necessary paperwork. 

Undertaking: Your employer may furnish an undertaking on Form 30A if you have revenue from an Indian source. It says that your company will pay any taxes that become owing after you leave the country.

Certificate Issuance: The tax clearance certificate (Form 30B) will be issued if the income tax officer is satisfied. The date of the certificate’s validity is mentioned  on it. 

Recall that a valid PAN card is sufficient for Indian citizens traveling overseas for purposes other than permanent relocation; an ITCC is not required. They must still submit Form 30C to indicate their trip arrangements, though.

Undisclosed overseas income and assets are a problem that the Black Money (Undisclosed overseas Income and Assets) and Imposition of Tax Act, 2015 seeks to solve. The following are some salient points: 

The Act’s goal is to address “black money,” which is defined as assets and income that are unlawfully obtained and concealed outside of India.

 Its scope is undeclared overseas assets and income. It stipulates that such concealed foreign income and assets retained outside of India will be subject to taxation.

One-time Disclosure Window:

People were given the opportunity to come clean by filing a disclosure during a brief, one-time window that ended on September 30, 2015.

 There was a tax and penalty (60 percent of the value of offshore assets and undeclared income, in effect).

Penalties and Offences:

penalties for failing to provide returns on assets and income from overseas. 

provisions for legal action in the event that violations occur. 

Recall that the Act’s primary goal is to reclaim benefits obtained from “black money.”

What are the penalties for non-compliance 

The following are the consequences for non-compliance with the Black Money Act (BMA): 

Base Tax: If the Assessing Officer (AO) finds any hidden overseas assets or income, they will be subject to a 30% tax. 

Penalty: A 90% penalty, or three times the calculated tax amount, is levied in addition to the tax. 

Prosecution: The Act also allows for prosecution in situations where there has been a deliberate attempt to avoid paying taxes on undeclared overseas income or assets.

For more intresting update follow our official website.

Budget 2024 Live Updates: FM Nirmala Sitharaman announces revised rate slabs under new tax regime

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Union Budget 2024-25

Budget 2024 Live Updates : Finance Minister Nirmala Sitharaman presents her seventh consecutive Union Budget 2024-25, becoming the first finance minister to present seven consecutive budget speeches, surpassing former Prime Minister Morarji Desai’s record.

As part of the Union Budget 2024–2025, Finance Minister Nirmala Sitharaman released updated income tax slabs under the new tax system. The new tax structure raises the tax exemption threshold to ₹3 lakh and decreases the number of tax slabs to five. The goal of this action is to help taxpayers by streamlining the tax code.

For Budget 2024 live update follow official website of finance minister.

Revised tax rate under New Tax Regime : 

  1.  up to ₹3 lakh: No tax
  2. Income from ₹3 lakh to ₹6 lakh: 5%
  3. Income from ₹6 lakh to ₹9 lakh: 10%
  4. Income from ₹9 lakh to ₹12 lakh: 15%
  5. Income from ₹12 lakh to ₹15 lakh: 20%
  6. Income above ₹15 lakh: 30%

These changes aim to simplify the tax structure and provide relief to taxpayers in Budget 2024 live updates. 

What deductions are available under the new regime?

Budget 2024 live updates

Budget 2024 live updates : The available deductions and exemptions under the new tax regime are more restricted than under the previous one. 

The following are some of the major deductions you are eligible to claim:

 Standard Deduction: ₹50,000 for salaried individuals; 

Family Pension: ₹15,000 or 1/3rd of the pension, whichever is lower; 

Employer’s Contribution to NPS: Deduction under Section 80CCD(2); 

Interest on Home Loan: Deduction for interest on a home loan for a let-out property under Section 24(b); 

Agniveer Corpus Fund: Deduction for the amount paid or deposited under Section 80CCH(2).

But under the new system, a number of popular exemptions and deductions are no longer available, including the following: 

Section 80C (except from the Agniveer Corpus Fund), Section 80D, Section 80E, and House Rent Allowance (HRA), Leave Travel Allowance (LTA), and others.

How will this impact my overall tax liability?

Budget 2024 live update : Interim Budget 2024-25

The impact of the new tax slabs on your Your total income and the amount of allowable deductions will determine your overall tax obligation. 

Here’s a simplified explanation of it: Determine Your Total Income: Add up all of your revenue streams, including interest, rental income, and pay. 

Use the Updated Tax Slabs: Based on your overall income, determine your tax burden using the updated tax slabs. 

Take Subtractions: Take out any deductions that are allowed under the new system (such as the employer’s NPS contribution and the standard deduction). 

For instance, if ₹10 lakh is your total income:

Income up to ₹3 lakh: No tax

Income from ₹3 lakh to ₹6 lakh: 5% of ₹3 lakh = ₹15,000

Income from ₹6 lakh to ₹9 lakh: 10% of ₹3 lakh = ₹30,000

Income from ₹9 lakh to ₹10 lakh: 15% of ₹1 lakh = ₹15,000

Total tax = ₹15,000 + ₹30,000 + ₹15,000 = ₹60,000

 any eligible deductions (e.g., standard deduction of ₹50,000):

Taxable income = ₹10 lakh – ₹50,000 = ₹9.5 lakh

Recalculate tax based on ₹9.5 lakh.

I can assist you in calculating a more precise estimate if you provide me specifics about your income and deductions.

for more intresting update follow our official website.

Union Budget 2024-25 : FM Sitharaman to Present Union Budget Tomorrow Check Timing, Sector Expectations

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Union Budget 2024-25

Union Budget 2024-25 : The Union Budget 2024–25 will be introduced in the Lok Sabha tomorrow, July 23, at 11 AM, by Finance Minister Nirmala Sitharaman. She is presenting her budget for the seventh time in a row.

Important Sector Expectations in Union Budget 2024-25 :

 Income Tax: Increasing the exemption and standard deduction amounts may be possible.

– The creation of a new tax band with a 25% rate for incomes between ₹15 lakh and ₹18 lakh. 

2. Real Estate: Increasing from ₹2 lakh to ₹5 lakh the interest deduction cap on house loans under Section 24B.

– Cutting the current 24-month holding term for capital gains on real estate to 12 months . 

3. Industries and MSMEs: Give attention to clean technology and provide startup and MSMEs with help.

What are the important change in Union Budget 2024-25 : 

Union Budget 2024-25 : important changes

Finance Minister Nirmala Sitharaman unveiled the Union Budget 2024–25, which features a number of significant projects and adjustments in a number of different areas. The following are some salient points: 

Income Tax: Novel Tax Structures creation of a new tax band with a 25% tax rate for incomes between ₹15 lakh and ₹18 lakh. 

Increased Exemptions: To help taxpayers, higher standard deductions and exemption ceilings have been implemented. 

Healthcare: Greater Funding: A notable increase in funding has been made available for public healthcare, which includes immunization and disease control initiatives. 

Infrastructure Improvements: Funds should be allocated to improving the healthcare system, particularly in rural regions.

Real Estate: 

Interest Deduction: Increasing from ₹2 lakh to ₹5 lakh the maximum interest deduction allowable for housing loans under Section 24B. 

Capital Gains: Cutting the current 24-month holding period for capital gains on real estate to a 12-month period. 

Sectors and MSMEs: Assistance for New Businesses increased assistance for MSMEs and startups with an emphasis on clean technologies. 

Tax Benefits: There may be tax advantages to promote investment in and innovation within the healthcare R&D sector. 

Agriculture: Support & Subsidies: 

More funding is available for fertilizer, and sustainable farming methods are encouraged.

 Irrigation Projects: Financial investments made in irrigation projects to increase farmers’ access to water. 

Education: Digital Infrastructure: Making investments to improve e-learning and online education platforms .

Funding for scholarships and educational initiatives for kids from disadvantaged backgrounds should be increased. 

Environment: 

Green Initiatives: Encouragement of carbon emission reduction and renewable energy projects. 

Clean Technologies: Financial incentives for different industries to adopt clean technologies. 

These adjustments are meant to promote sustainable development, enhance public services, and accelerate economic growth.

What are the expectations for healthcare?

Union Budget 2024-25 Health Sector

For the healthcare sector, the Union Budget 2024-25 is expected to focus on several key areas:

1. Increased Funding :    – Significant boost in allocations for public healthcare, including vaccination and disease control programs . 

2. Research and Development :   

 – Enhanced support for healthcare R&D, with potential tax benefits to encourage innovation and investment . 

3. Infrastructure Upgrades :   

 – Investments in upgrading healthcare infrastructure, particularly in rural and underserved areas . 

4. Non-Communicable Diseases (NCDs) :    

– Increased funding for screening and diagnostic programs targeting NCDs like cancer and cardiac ailments .

 5. Public-Private Partnerships (PPP) :  

  – Optimizing PPP models to ensure high-quality healthcare outcomes. 

6. Tax Reforms :    

– Proposals for 0% GST on diagnostic services and refunds for GST paid on input tax credits to reduce costs and improve accessibility . 

These measures aim to enhance the overall quality, accessibility, and affordability of healthcare in India. 

For more intresting update follow our official website.

Zepto likely to become bigger than D-Mart in 18-24 months: CEO Aadit Palicha on growth plan

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Zepto CEO news

Certainly! According to Zepto co-founder and CEO Aadit Palicha , the quick-commerce unicorn Zepto could outsell offline retail giant DMart in sales over the next 18 to 24 months. DMart is currently a $30 billion firm, yet its sales are only 4.5 times that of Zepto. If Zepto continues to perform successfully, it expects to … Read more

Union Budget 2024: Highlights of Interim Budget 2024-25

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Budget 2024 live update : Interim Budget 2024-25

Here aare the some key Highlights of the Interim Budget 2024-25

Interim Budget 2024-25

Highlights from the Interim Budget 2024-25:

Finance Minister Nirmala Sitharaman reduced the budget deficit to 5.8% of GDP from the earlier target of 5.9%. The fiscal deficit in 2024-25 is expected to be 5.1%1. 

Borrowings: FY25 net borrowings were ₹11.75 lakh crore, while gross borrowings were predicted at ₹14.13 lakh crore.

 Defense allocation increased by 4% to ₹6.2 lakh crore, exceeding the planned forecast for FY24. 

Tax Structure: 

No modifications were made to the tax structure, however tax breaks for new businesses and investments by sovereign wealth funds or pension funds were extended until March 31, 2025. 

Revenue revenues for 2024-25 are expected at ₹30 lakh crore, higher from the previous revised forecast.

Social Initiatives: 

  • Women entrepreneurs received over 30 crore Mudra Yojana loans. 
  • Girls and women account for 43% of STEM course enrolment. 
  • More than 70% of PM Awas Yojana residences were distributed to rural women.
  •  Cervical cancer vaccinations for girls aged 9 to 14 will be urged.

 Infrastructure and Housing: 

  • Capital expenditure for 2024-25 grew by 11% to ₹11.11 lakh crore (3.4% of GDP).
  •  Normal railway bogies will be converted to Vande Bharat standards.
  • The government plans to build 2 crore dwellings under the Pradhan Mantri Awas Yojana (Grameen) during the next five years.
  •  A new housing development for the middle class will be introduced.

Other Key Observations of Interim Budget 2024-25

Here are some additional observations from the Interim Budget 2024-25:

Healthcare and education :

The government plans to open 75 new medical institutions in underprivileged areas. In order to improve educational quality, a new National Education Policy will be introduced. 

Environment and Climate Change: 

The budget includes funds for afforestation and conservation. A Clean Air Program will be implemented in 122 cities to tackle air pollution.

 Agriculture and Rural Development:

 The government wants to boost agricultural loans to ₹20 lakh crore. Rural infrastructure development will receive major funding.

 Tech and Innovation: 

The funding prioritizes research and development for new technologies. A National Quantum Mission will be established to advance quantum computing. 

The government intends to enhance the banking industry and promote financial inclusion. Measures will be taken to improve the digital payment infrastructure. 

Remember, these are just highlights, and you can explore more details from the official sources. If you have any specific questions, feel free to ask! 

Examples of Markets Reactions to Interim Budget 2024-25 Announcements 

Market reaction after interim Budget 2024-25 anouncement

Here are some common market reactions to budget announcements:

Stock markets: 

Positive Budget: When the budget is seen as beneficial to economic growth, stock markets tend to rise. Infrastructure, healthcare, and technology may experience increasing investment interest.

 Negative Budget: If the budget disappoints investors (for example, by raising taxes or failing to implement reforms), stock markets may fall.

 Currency markets: A budget that promotes economic growth and stability may strengthen the local currency.

Bond Market Reaction :

 In contrast, uncertainty or bad surprises may weaken it. Bond prices and yields fluctuate inversely. Bond prices may climb if the budget shows fiscal responsibility and lower borrowing.

Conversely, concerns about fiscal deficits can lead to higher yields.

Sector-specific reactions:

 Real Estate: Housing, infrastructure, and affordable housing policies all have an impact on real estate stocks. 

Automobiles: 

Tax changes, electric car incentives, and gasoline prices all have an impact on auto stock values.

 Budget allocations in healthcare have an impact on pharmaceutical and hospital stocks. 

Commodity markets: Budget announcements for agriculture, mining, and infrastructure can all have an impact on commodity prices (for example, gold, silver, and oil). 

Remember that market reactions are complex and impacted by many factors other than the budget. 

Always seek the advice of financial professionals and examine precise facts for accurate results. Please feel free to ask any other questions you may have!

For more latest information follow our official website.