Ranganath Mummadi

#Budget2024 Highlights so far: #1 📜 | Integrated Tech Platform to Improve IBC Outcomes IBC Focus: An integrated tech platform will be set up to improve outcomes under the Insolvency and Bankruptcy Code (IBC). This platform aims to achieve greater consistency, transparency, and better oversight for all stakeholders, including the National Company Law Tribunal (NCLT). The IBC has resolved over 1,000 companies, resulting in a direct recovery of ₹3.3 lakh crore to creditors. Additionally, 28,000 cases involving over ₹10 lakh crore have been disposed of before admission. #2 📜 | Support for Vishnupad, Mahabodhi, Nalanda, and Odisha Tourism - FM Nirmala Sitharaman proposed supporting the development of corridors at Vishnupad Temple and Mahabodhi Temple, following the model of the Kashi Vishwanath Temple. Additionally, the government will back the development of Nalanda in Bihar as a tourist centre. An economic policy framework will be introduced to usher in next-generation reforms to boost economic growth. The government will provide assistance to Odisha for the development of tourism. #3 📜 | Reducing Basic Customs Duty on Mobile Phones to 15% -The Indian mobile industry has matured and proposed to reduce the Basic Customs Duty (BCD) on mobile phones, mobile PCDA (Printed Circuit Design Assembly), and mobile charges to 15%. #4 📜 | ₹11,500 Crore Support for Flood-Affected States -Flood impact: The government will provide financial support with an estimated cost of Rs 11,500 crore. Assam, which grapples with floods yearly, will receive assistance for flood management and related projects. Himachal Pradesh, having suffered extensive losses due to floods, will also receive support for reconstruction through multilateral assistance. Additionally, Uttarakhand, which faced significant damage from landslides and cloudbursts, will be provided with necessary assistance. #5 📜 | Customs Duty on Gold, Silver Reduced; Increased Duty on Telecom PCBAs -To enhance domestic value addition, the customs duty on gold and silver will be reduced to 6%, while the duty on platinum will be lowered to 6.4%. The Finance Minister proposed increasing the duty on printed circuit board assemblies (PCBA) for specific telecom equipment by 10 to 15%. #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal #Budget2024 #1 #2 #3 #4 #5 #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal

#Budget360 | What is your overall sentiment towards Budget 2024? #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal

#Budget2024 Highlights so far: #1 📜 | Dormitory-Style Rental Housing for Workers in PPP Mode -Rental housing with dormitory-type accommodation for industrial workers to be facilitated in PPP mode with VGF support. #2 📜 | Encouraging States to Lower Stamp Duty and Offer Reductions for Women -States charging high stamp duty will be encouraged to moderate their rates for all. Further reductions in duties for properties purchased by women will also be considered. These measures will also be incorporated as essential components of urban development schemes. #3 📜 | ₹1,000 Crore Fund to Expand Space Economy Fivefold -Expanding the space economy fivefold over the next 10 years will continue to be an emphasis. To support this goal, a venture capital fund of ₹1,000 crore will be established. #4 📜 | Partnership for Bharat Small Reactors and Advanced Nuclear Tech -The government will partner with the private sector to set up Bharat small reactors, research and develop Bharat small modular reactors, and develop newer technologies for nuclear energy. #5 📜 | Simplified FDI Rules and Promotion of Rupee for Overseas Investments -Rules and recognition for Foreign Direct Investments (FDIs) will be simplified to facilitate their inflow. This move aims to prioritize and promote the use of the Rupee for overseas investments. #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal #Budget2024 #1 #2 #3 #4 #5 #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal

Finance Minister Nirmala Sitharaman highlighted that GST has reduced tax burdens for the common man and addressed taxation on LTCG in the Union Budget 2024. Your thoughts? ✍️ #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal

#Budget2024 Highlights so far: #1 📜 | Scheme to Offer Internships to 1 Crore Youth in 5 Years -The Government will launch a comprehensive scheme to offer internships in top companies to one crore youth in five years. #2 📜 | New Credit Guarantee Scheme for MSMEs with ₹100 Crore Fund -The Finance Minister announces special attention for MSMEs. Regarding credit guarantee schemes for MSMEs in manufacturing, the Finance Minister stated that a new scheme will be introduced to facilitate term loans for the purchase of machinery and equipment without collateral and guarantee. This guarantee fund will provide guarantees of up to Rs 100 crore. #3 📜 | ₹10 Lakh Crore for Urban Housing and Rooftop Solar Plans -Under PM Awas Yojana, Urban 2.0, the housing needs of the urban poor and middle class will be addressed with an investment of ₹10 lakh crore. PM Surya Ghar Muft Bijli Yojana has been launched to install rooftop solar plans for 1 crore households. #4 📜 | MUDRA Loan Limit Increased to ₹20 Lakh for TARUN Borrowers -Mudra Loans: The limit of MUDRA loans will be enhanced to ₹20 lakhs from the current ₹10 lakhs for those who have availed and successfully repaid loans under the TARUN category. #5 📜 | Mission to Recycle Critical Minerals and Auction Offshore Mining Blocks - The critical minerals will be a mission for recycling critical minerals and their overseas acquisitions. She added that the government will launch the auction of the first tranche of Offshore blocks for mining, building on the exploration already carried out. #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal #Budget2024 #1 #2 #3 #4 #5 #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal

#Budget2024 Highlights so far: #1 📜 | Skilling and Job Creation Incentives for First-Time Employees: FM Sitharaman 1. First-time workers will receive a one-time benefit of up to ₹15,000 in three installments, targeting those with a salary of ₹1 lakh per month. This initiative aims to support 2.1 lakh youths. 2. Manufacturing Job Creation Employers in the manufacturing sector will get up to ₹3,000 monthly for two years to cover EPFO contributions for new hires. This scheme aims to benefit 30 lakh youths and create an additional 50 lakh jobs across all sectors. #2 📜 | Boosting Women's Workforce Participation: FM Sitharaman -Increasing women's participation in the workforce will be a priority. This will be facilitated by setting up hostels and creating partnerships to organize women-specific skilling programs. #3 📜 | ₹15,000 Crore for Andhra’s Pollavaram Project: FM Sitharaman -The government is committed to financing and completing the Pollavaram irrigation project, considered the lifeline for Andhra Pradesh and its farmers. Additional allocations will be provided this year to support capital investment for economic growth. Union Budget to facilitate 15,000 crore for Andhra with additional amounts in future years. #4 📜 | ₹26,000 Crore for Bihar Highways and New Infra: FM Sitharaman -Union Budget announces new airports, medical facilities and sports infra for Bihar; out of which, ₹26,000 crore will be allocated to Bihar's highways. #5 📜 | ₹5,000 Internship Allowance and ₹6,000 Assistance: FM Sitharaman -Internships in 500 top companies to be encouraged. Internship allowance of ₹5000 and one-time assistance of ₹6,000 to be provided under the internship scheme. #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal #Budget2024 #1 #2 #3 #4 #5 #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal

India’s economic growth stands out despite global challenges, says Finance Minister Nirmala Sitharaman. The 2024 Budget includes ₹1.48 lakh crore for education, employment, and skills development. Your thoughts? ✍️ #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal

#Budget2024 Highlights so far: #1 📜| Policy Uncertainties and Risks to Growth and Inflation: FM Sitharaman - While performing better than expected, the global economy is gripped by policy uncertainties. There are significant downside risks to growth and upside risks to inflation. #2 📜 | Focus on Underprivileged, Women, Youth, and Farmers: FM Sitharaman - For Annadata (Farmers), we announced a higher MSP a month ago for all major crops, delivering on our promise. The PM Garib Kalyan Anna Yojana was extended for five years, benefiting more than 80 crore people. Administrative actions for approving and implementing various schemes announced in the interim budget are well underway. #3 📜 | ₹2 Lakh Crore PM Package for Employment and Skilling: FM Sitharaman - The Finance Minister announced a PM Package of five schemes to facilitate employment and skilling, with a ₹2 lakh crore allocation. This year, ₹1.48 lakh crore has been made for education, employment, and skilling. #4 📜 | Review of Agricultural Research for Productivity and Climate Resilience: FM Sitharaman - The government will comprehensively review the agricultural research setup to increase productivity and develop climate-resilient varieties. Domain experts will oversee the conduct of this research to ensure its effectiveness and relevance. #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal #Budget2024 #1 #2 #3 #4 #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal

Budget 2024 is around the corner! 💼 We break down the key expectations, potential announcements, and sectors to watch 📊 Watch till the end to find out 📽️ #Budget2024 #Investing #IndianEconomy #MotilalOswal #Budget2024 #Investing #IndianEconomy #MotilalOswal