ilmscore | Budget 2024 Explained

Budget 2024 Explained

Predictions from this Video

Total: 14
Correct: 6
Incorrect: 4
Pending: 4
Unrated: 0
Prediction
Topic
Status
Predicted no major tax relief.
"it's very difficult to expect that there will be reduction in taxes honestly there might be some shops there might be but I don't think there is a ma there can be major relief in the taxes"
Taxes (India)
Incorrect
Predicted that farm laws, land and labor reforms will not pass.
"Farm laws uh agre laws land and labor reforms these are the toughest things to pass through in this country my sense is uh it's not going to happen AB"
Farm laws, land and labor reforms (India)
Incorrect
Predicted that viewers will be disappointed with the budget.
"I'm just going to say guys we're going to be disappointed with this budget"
Budget (India)
Correct
Predicted that 1 crore farmers will be initiated into natural farming within the next 2 years.
"in the next 2 years 1 CR Farmers across the country will be initiated into natural farming supported by certification and brand ing"
Natural Farming (India)
Pending
Predicted that the fiscal deficit for this year will not be projected below 5.1%.
"yes but I don't think so it will be projected below 5.1 5.1 is a great number honestly if they stick to that"
Fiscal Deficit (India)
Incorrect
Predicted that the space economy will expand by five times in the next 10 years.
"expanding the space economy by five times in the next 10 years"
Space Economy (India)
Pending
Predicted that the fiscal deficit target of 4.5% will be achieved by 2025 instead of 2026.
"target for 26 so this is one year ahead they are targeting that we'll achieve that 4.5 25 itself and not 26"
Fiscal Deficit (India)
Incorrect
Predicted that the markets will rally.
"so that's huge so markets will rally"
Stock Market (India)
Correct
Predicted a lot of profit booking in the market.
"but I can foresee a lot of profit booking happening in the market just because of this"
Stock Market (India)
Correct
Predicted that high earners (above 30 lakhs per annum) will pay more taxes due to new long-term capital gains (LTCG).
"primarily if you are earning upwards of 30 lakhs perom I would say that we are going to spend a little bit more money in terms of paying taxes primarily because of the ltcg that has been imposed"
Taxes (India)
Correct
Predicted that lower earners (less than 15 lakhs per annum) will net benefit from the new budget.
"but if you're somebody earning less than 15 lakhs and all I would say net net they're going to make extra positive yeah"
Taxes (India)
Correct
Predicted that the old tax regime will be phased out in 2 to 5 years, leaving only the new regime.
"you can see in 2 to 5 years old regime might be faced out and that will be only new reg"
Tax Regimes (India)
Pending
Predicted a startup boom in India due to abolished taxation.
"taxation also has been abolished so startup boom will happen more in this country"
Startups (India)
Correct
Predicted that skill development initiatives will help India in the long term (5-10 years).
"the skill development people they want to uh make more people employable that will actually help us in the long term so we might see something from a shortterm lens but if you see from a longterm L from five 10 year down the line it's going to help us"
Skill Development (India)
Pending