Key takeaways from budget 2024 | CA Rachana Ranade

"ideally ideally taxes rate cut is something which is not to be done in an interim budget... there are great chances that some relief will come for individuals as far as the direct taxes are concerned when in the final budget"

"government has seen that whenever tax rates are cut tax collection goes up more because more and more people are actually willing to disclose their income and to pay taxes... same logic can be applied for individual taxation as well and that is how individual uh taxes rates especially may be slashed in the final bud budget"

"the capital expenditure was increased I don't know it was if it was about some sh number from 10 trillion last year as capex the capex was increased to 11 I don't know it was increased by 11.1% to 11 lakh 11,111 crores too much one11 uh but yes that is the new capex budget estimate for financial year 25 it is 11 lakh 111,111 CR or we can say it simply as 11.11 trillion"

"pradan mry AAS yoga gramine close to achieving Target of three CR houses this is big number and additional two CR targeted for the next five years"

"housing for middle class scheme to be launched to promote middle class to buy or build their own houses"

"encouraging cervical cancer vaccine for girls aged 9 to 14"

"a corpus of rupees one lakh CR that is 1 trillion will be established with a 50e interest free loan"

"a new scheme will be launched for strengthening deep tech technology for defense purpose and Expediting atbar"

"implementation of three major Railway Corridor programs under PM GTI shaki to improve Logistics efficiency and to reduce cost"

"40,000 normal rail Bogies will be converted into v bat standards to enhance safety convenience and comfort of passengers"

"number of airports have doubled to 149"

"roll out of air connectivity to tier two tier three under Udan"

"one lakh households would be given solar rooftops"

"commitment to meet the Net Zero Target by 2070 was talked about"

"the forecasts that were talked about which are the focus points of India of New India forecasts are really important first is G Kalan second is yua third is anad kissan and fourth is nari"

"assisting nearly one CR women to become lakpa deis"

"if we are convinced about our economic growth that is what will help us to stay in the market for a longer time"

"the road map to India being a developed country is being laid"

"post budget or post election we do see some profit booking so be ready for some pullbacks also it's not going to be one side up up move there will be some pullbacks for sure"

"disinvestment is like final when we are not getting money from taxes that's when government has to generate income by one of the ways could be through disinvestment and it's good for the government that they did not disinvestment they did not do a lot of disinvestment in the previous year as well because the government stocks they are on fire that's is going up and up I'm sure they'll realize much more value so I think they are wanting to keep those stocks to themselves just to realize a better value"

"if you feel that just as an example because many people are also talking about RC in the comment section some were talking about Ira some we talking about PFC so if I'm talking about our Renewables and if you feel I have limited Capital there could be a possibility that one should switch book a loss in one switch that money here and get better returns that is a possible strategy if you have limited capital"