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How good is the budget?
11 Jul 14 08:41 AM

How good is the budget? Media highlights the good and bad effects of the budget. For investors it favors infrastructure sector in many ways. For example

    • Allocation of ~ 38,000 crs for new highways
    • Proposal for new airports for tier 1 and tier 2 cities
    • Push for renewable energy projects
    • Proposal for additional 15,000 kms of oil pipeline
    • Providing coal to existing power plants
    • The above facilities should give thrust to the infrastructure stocks.
  1. The following acts should surely help the common man


  1. Taxable Income limit increased from 2 lakhs to 2.5 lakhs
  2. Taxable Income limit for senior citizens increased to 3 lakhs
  3. Housing loan exemption limit increased
  4. 80 C limit increased from 1 lakh to 1.50 lakhs

Overall it is a balanced budget and should help the capital market as well as the saving habits in India.

Let us discuss more about the market in our next post.

 

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