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Budget Highlights :

By Goodwill
40 Comments
February 1, 2024

Budget Highlights :

Budget Highlights of 2024

-Increase in Capex by 11.1% to 11.1 lac Cr

-New 3 Railway Corridors to improve logistics efficiency

-Expansion of existing airports and new airports to be constructed

-Promotion of urban transportation via Metro rail

-Housing for Middle Class to buy/build own houses

-Long term interest free loans to states to boost tourism development

-5 integrated aqua parks

-Solar roof tops in 1 Cr houses to get 300 units of free power every month

What has happened:

-Direct tax collections trebled in 10 years

-Faster IT refunds

-Gross GST Collections average Rs 1.66 lac Cr/month

Taxation: No Change

Fiscal deficit: FY 24 Fiscal deficit is expected to be 5.8% of GDP. Fiscal deficit to reduce to 5.1% in FY24-25.

Govt borrowings: Net borrowing is expected to be Rs 11.75 lac Cr in FY24-25.

10 Year Yields has declined to 7.05. Equity market is flat and USDINR is at 82.97.

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Risk Disclosures
on Derivatives

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
On an average, loss makers registered net trading loss close to ₹ 50,000.
Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Source: SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

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Goodwill Wealth Management Pvt Ltd \|		MCX : 11095 \| SEBI Regn. No : INZ000177036
Clearing Code \|		NSE : M52003 \| BSE : 6648
CDSL DP \|		DP ID : 12084200 \| SEBI Regn. No : IN - DP - CDSL - 309 - 2017
Research Analyst \|		SEBI Regn. No : INH200005179
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Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades.