India's FM did not make any changes in income-tax rates or slabs for the new or old regime. Taxpayers with an annual income up to Rs 7 lakh in the new regime will not have to pay any tax due to a higher rebate. Relief was announced for pending tax disputes and a new housing scheme will be introduced. Tourist hubs across India will also benefit taxpayers claiming LTA as part of their salary.

Finance Minister Nirmala Sitharaman announced plans for development projects on islands, including Lakshadweep, to boost domestic tourism. This comes after Prime Minister Modi's visit to the island and a social media controversy involving derogatory remarks against him. The budget also focuses on promoting tourism by developing iconic places and providing interest-free loans to states.

The Indian government has launched initiatives like the Startup Credit Guarantees and Fund of Funds Scheme to create job opportunities for the country's youth. The Fund of Funds for Startups, established in 2016 with a corpus of Rs 10,000 crore, provides capital to SEBI-registered AIFs, who then invest in Indian startups. Under the Startup India initiative, various schemes and exercises.

Finance Minister Nirmala Sitharaman emphasized the importance of empowering India's youth in the pursuit of prosperity during her budget speech. The National Education Policy (NEP) 2020, which aims to bring transformational reforms, was one of the key takeaways for educators and students. The government also announced plans to set up more medical colleges.

The government extended healthcare coverage to ASHA and anganwadi workers through Ayushman Bharat, the world's largest publicly funded health insurance scheme. The scheme covers Rs 5 lakh per family per year for hospitalization. As of December 27, 55 crore people from 12 crore families were covered. In the interim budget announcement.

As the finance minister Nirmala Sitharaman announced that application of nano DAP on various crops will be expanded in all agro-climatic zones, fertiliser stocks jumped in trade. Coromandel International shares stock gained 1.5 percent, and GNFC or Gujarat Narmada Valley Fertilisers & Chemicals pare part losses following the announcement. Chambal Fertilisers and Chemical gained around 2 %.

Budget 2024-25 does not mention allocation for metro projects, but expansion in larger cities will continue. NAMO and Metro trains to be introduced in more cities. India currently has 895 km of metro lines in 20 cities. Last fiscal, Rs 19,518 crore was allocated for metro projects, in line with government's aim to improve urban transport and regional connectivity.

Recent Interim Budget did not bring any relief for home loan borrowers, as there was no announcement on increasing the current deduction limit of Rs 2 lakh per annum. This deduction can only be claimed by those under the old tax regime and is available for joint home loans as well. With the RBI raising the repo rate by 250 basis points since May 2022, borrowers have faced a higher interest burden.

The MC BudEX index rose 0.84% after the interim Budget speech by Finance Minister Nirmala Sitharaman disappointed some sectors. Dabur India and Maruti Suzuki were top gainers while L&T and Rail Vikas Nigam were among the biggest losers. The speech focused on fiscal consolidation, infrastructure spending, consumption, and capital expenditure to support growth until private investment picks up.

FM Nirmala Sitharaman announced in her Budget speech a focus on developing the tourism sector, particularly spiritual tourism. States will be encouraged to develop iconic tourist spots and will receive interest-free loans for the purpose. The recent inauguration of the Ayodhya Ram Mandir and PM Modi's promotion of Lakshadweep have also contributed to the market's expectations for domestic tourism.

In her February 1 Budget speech, Finance Minister Nirmala Sitharaman announced that the Centre plans to borrow Rs 14.13 lakh crore from the markets in the 2024-25 fiscal year to cover its fiscal deficit. This is lower than the expected amount of Rs 15.2 lakh crore predicted by economists. The gross borrowing target for next year is also lower than this year's estimate of Rs 15.43 lakh crore.

The Indian economy has undergone a significant positive transformation in the past decade, according to FM Nirmala Sitharaman. Structural reforms, pro-people programs and employment opportunities have boosted economic growth, with a projected GDP of 5 trillion by 2023 and potential to reach 7 trillion by 2030. The RBI, IMF, World Bank and ADB all have higher growth projections for India.

Finance Minister Nirmala Sitharaman on February 1 said the policy priority of the government will be to provide training for Micro, Small and Medium Enterprises (MSME) to compete globally. “Policy priority to provide training for MSMEs to compete globally, facilitating their growth will be important,” the Finance Minister said in her Budget speech.

India's Finance Minister Nirmala Sitharaman highlights the role of digital public infrastructure (DPI) in formalizing the economy during her Interim Budget speech. India's DPI, including Aadhaar and UPI, has gained global recognition and helped transfer $400 billion to beneficiaries in 5 years. It has also boosted India's GDP, now at 10% from 3.5%.

The Indian government plans to raise Rs 50,000 crore through stake sales in public sector companies in fiscal year 2024-25. However, it has consistently missed its disinvestment targets and has scaled down the current fiscal year's target to Rs 30,000 crore. Delays and issues with state governments have hindered strategic sales, while no major buybacks have taken place.