Budget Highlights 2023 | My Top 3 Picks | CA Rachana Ranade
Published: 2023-02-01
Status:
Available
|
Analyzed
Published: 2023-02-01
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Larsen & Toubro (LNT) is identified as a top pick due to its strong positioning in capital expenditure.
"infrastructure capital expenditure that is the main key point and if I'm talking about capex it's a no-brainer lnt no-brainer for capex"
Pending
State Bank of India (SBI) is considered a top pick due to its fundamental role in the banking sector, which is seen as the backbone of the economy.
"and which is the backbone of any economy it is the banking sector so it has to be SBI"
Pending
A new two-year small savings scheme for women, offering a 7.5% interest rate and partial withdrawal up to ₹2 lakh, will be available until March 2025.
"one time new small saving scheme will be made available for a two year period only up to March 2025 for women and interest rate is going to be 7.5 partial withdrawal is going to be allowed and deposit facility of two lakh Rupees is going to be allowed"
Pending
Increases in basic exemption limit and rebate under the new tax regime will benefit low and middle-income groups, leading to higher disposable income and increased consumption.
"with this basic exemption limit increased with the rebate increase I think anyone who is in the low income group or with even these limits being increased those who are into the middle income group they are going to be definitely benefited if tax outflow is less for them then their disposable income is going to be a shared higher and if disposable income is higher obviously they'll be able to spend more so consumption story is again here in Focus"
Pending
The highest surcharge rate for high-income earners will be reduced from 37% to 25%, effectively lowering the top marginal tax rate from 42.74% to 39%.
"highest rate of surcharge which was 37 percent Now with with this new Amendment the surcharge is now going to be highest such as will remain at 25 So again now this will benefit home those who are into the highest income group so for them whatever it was 42 point something something now that will be reduced by almost three percent so this is again so I've written it here 42.74 percent to 39 this is going to be the highest rate of effective tax"
Pending
Standard deduction of ₹50,000 from salary will now be allowed under the new tax regime.
"one more important point for salaried class people uh standard deduction of 50 000 from salary which was earlier not allowed under the new regime has now been allowed for the new regime as well"
Pending
The tax exemption limit for leave encashment at the time of retirement has been increased to ₹25 lakh from ₹3 lakh, primarily benefiting non-government employees.
"exemption limit capping of leave and catchment leave and catchment I'm sure everyone understands received at the time of retirement whenever we are talking about has been increased to 25 lakhs from 3 lakhs and this is mainly important for whom for non-government employees"
Pending
Life insurance premiums paid in aggregate exceeding ₹5 lakh in a year will be taxable upon redemption.
"if you are paying premiums or aggregate or premium so we are not talking about so if I'm talking about Russia premium paid on one policy professional run a day or premium multiple premiums for multiple policies but paid by rational during one year if it is above five lakhs in a year then at the time of redemption this amount shall be taxable"
Pending
An open-source digital infrastructure will be built to provide farmers with easier access to information on crop planning, inputs, credit, and insurance.
"they have announced building of an open source infrastructure for Farmers now you can imagine I'm a farmer I'm not sure how to do crop planning I'm not sure how to do you know how to what are the different inputs that would be required how about gaining a credit how about an insurance for my crop I'm not sure about this for this if there is an open source infrastructure wouldn't be comparatively easier for me to access all these things"
Pending
An agriculture accelerator fund will be established to support innovations and startups in the agricultural sector.
"plus they are also going to have an agriculture accelerator fund for mainly Innovations and startups in this phase of uh in this domain of Agriculture"
Pending
India aims to become a global hub for millets, referred to as 'Shri Anna'.
"they are saying all right this is our food originally it's our food and they our finance minister called it as Shri Anna today and I again loved this word for this uh and they are also saying in fact I also heard that this year we are celebrating something for millets I think and very nice we are trying to make India as a global hub for minutes"
Pending
An outlay of ₹15,000 crore over three years is allocated to improve basic living standards and facilities for Primitive Vulnerable Tribal Groups (PVTGs).
"an outlay of 15 000 crores over the next three years has been laid out uh and of course there's one more Point here PM awas yojana outlay is increased by 66 percent to 79 000 crores but I think this point which we discussed right now which is about reaching the last mile main focus is on empowering and enriching at least giving basic qualities basic lifestyle requirements to the tribals"
Pending
Capital expenditure will be significantly increased to ₹10 lakh crore, representing a 33% rise and 3.3% of GDP, expected to boost the economy.
"amazing Capital outlay roadmap given 10 lakh crores huge one hourly increase steeply by 33 percent it will be 3.3 percent of GDP amazing so important thing more capex is is going to be fantastic for the economy"
Pending
Priority investment of ₹75,000 crore will be made in projects for ports, coal, steel, fertilizers, and additional airports to enhance connectivity.
"they are going to give a priority investment of almost 75 000 crores and mainly what projects for ports coal steel fertilizers 50 additional airports heliports water aerodromes so mainly what mainly increasing connectivity"
Pending
The 50-year interest-free loan to state governments for capital investment has been extended for another year, with an expectation for timely expenditure.
"50-year interest free loan has been given to the state government and they have continued it for one more year and they have said you will have to spend this money for capital investment and ideally to the best whatever I recollect they have said you have to do this in one year capital expenditure of to do in one year"
Pending
Over 39,000 compliances will be reduced, and the Jan Vishwas Bill will amend 42 central acts to improve the ease of doing business.
"ease of doing business they have said more than 39 000 compliances we are going to reduce they are going to introduce the Jan vishwas Bill to amend 42 Central acts"
Pending
Three specialized AI centers will be established to develop AI-based solutions for agriculture, health, and sustainable cities.
"AI in India so three specialized AI centers and AI based Solutions and Agri health and sustainable cities as well"
Pending
95% of forfeited bid or performance security amounts will be returned to MSMEs, particularly those affected during the COVID period.
"95 of the forfeited amount relating to bid or performance Security will be returned and so what is this all about during kovid if some performance guarantee was given by any msma and they were not able to actually do it then they had forfeited that amount but now they said 95 of the forfeited amount will give it back to you"
Pending
The PM-PRANAM scheme will be implemented to promote the use of alternative and natural fertilizers.
"PM pranam mainly to promote alternative fertilizers if you remember in our fertilizers video we had said this more and more of natural fertilizers green fertilizers if they are used that will be more beneficial that is exactly what PM program is about"
Pending
A Green Hydrogen Mission with an outlay of ₹19,700 crore aims to transition to a low-carbon economy and achieve an annual production of 5 million metric tons, reducing dependence on fossil fuels.
"and they're also onto a green hydrogen Mission they are saying that we are going to do an outlet of 19700 crores they want to transition to a low carbon Econo load low carbon emission economy and they want to reduce their dependence on fossil fuels basically they are saying our Target is to reach annual production of 5 million metric tons"
Pending
The PM Kaushal Vikas Yojana 4.0 will introduce new courses in areas like drones, 3D printing, and artificial intelligence.
"PM kaushal because now 4.0 they are introducing new courses like drones 3D printing artificial intelligence and whatnot"
Pending
A pan-India National Apprenticeship Promotion Scheme will provide stipend support to 47 lakh youth over three years.
"they've also announced a pan-india national apprenticeship promotion scheme to provide stipend support to 47 lakh youth in three years"
Pending
A National Digital Library will be established for children and adolescents, offering content in English and regional languages.
"one more Point National Digital Library will be set up for children and adolescents in English and Regional languages"
Pending
Model residential schools will be established over the next three years to benefit 3.5 lakh tribal students.
"a club model residential school to be set up in the next three years which would serve 3.5 lakh tribal students"
Pending
Additional collateral-free guaranteed credit of ₹2 lakh crore will be provided, primarily for MSMEs.
"they are also enabling additional collateral free guaranteed credit of two lakh crores so this is mainly for msme"
Pending
50 tourist destinations will be promoted to encourage domestic travel before international trips.
"50 tourist destinations again an important one they are planning for this they are they're promoting that people should first you know first they should visit different cities of India and then think about traveling abroad"
Pending
Unity Malls will be established in state capitals or popular tourist destinations to promote 'One District One Product' and indigenous handicrafts.
"they are also saying that they are going to set up Unity Mall in state capital or the most popular tourist destination in the state for the promotion of one district one product and Indigenous handicraft"
Pending
The government aims to reduce the fiscal deficit to below 4.5% of GDP by FY25.
"government has emphasized to meet the fy25 target below 4.5 percent"
Pending
Significant borrowing from the debt market (₹12.3 trillion) through G-secs and T-bills is expected to boost the debt market.
"where are they going to fund this majorly from the debt Market borrowings G SEC and T bill from here they are planning to raise 12.3 trillion rupees so this can this can also give a boost to the debt market as well"
Pending