"We believe any stock run-up attributed to this news flow should come off," said brokerage Emkay Global s analysts Anand Dama, Kunaal N, and Marazbaan Dastur in a client note. "This raised hopes for the replacement. with a pedigreed external candidate from a large bank as MD."
Tourism Finance Corporation is seen as a beneficiary of the governments decision to provide long-term interest-free loans to states for financing the development of iconic tourist centres, branding and marketing them at the global scale.
Budget 2024: "83 lakh self-help groups with 9 crore women are transforming the rural socio-economic landscape with empowerment and self-reliance. They are an inspiration to others. Their achievements will be recognized through honouring them. Buoyed by the success, it has been decided to enhance the target for Lakhpati Didi from 2 crore to 3 crore," Finance Minister Nirmala Sitharaman said.
There were neither any shocks nor pleasant surprises in the interim Budget, with no myopic measures being announced. The government did not bow down to the populist measures in the election year and kept the tax regime unchanged but ensured fiscal prudence. The fiscal deficit is set at 5.1%, significantly lower than expected.
Budget 2024 Key Highlights: The Interim Union Budget for the financial year 2024-25 was tabled in the Parliament by Finance Minister Nirmala Sitharaman earlier today. From income tax to green energy and tourism, let s take a look at the 14 key highlights of the 2024 Interim Budget.