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

1. • 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.
     

2. 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.