The Electric Vehicle (EV) industry got the much-needed impetus in the union budget. In the Government’s push for green mobility, the customs duty exemption has been extended to the import of capital goods and machinery required to manufacture lithium-ion (Li-ion) cells for batteries used in EVs. This can help the domestic players boost their manufacturing capabilities, make the market competitive, reduce vehicle costs, increase demand, and make the overall EV industry more efficient. This development is sure to boost EV stocks in India. There are many such stocks in the NSE and BSE that can turn out to be multi-baggers …
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5G and the Union Budget
The union budget had focused on realizing new opportunities, business models, and employment potential from the 5G technology. In that direction, the Government has declared the construction of 100 5G labs. The labs will focus on developing applications for use in areas such as smart classrooms, precision farming, intelligent transport systems, and healthcare. 5G is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network designed to connect virtually everyone, including machines, objects, and devices. A 5G Lab works with startups, academia, and enterprise teams to build a 5G-powered world. Apart from …
AI, IoT, Robotics, and the Union Budget
India is to set up three centers of excellence for Artificial Intelligence in top educational institutions. The Government also plans to partner with leading industry players to conduct interdisciplinary research and develop cutting-edge applications and scalable problem solutions in the areas of agriculture, health, and sustainable cities. Artificial intelligence leverages computers and machines to mimic the problem-solving and decision-making capabilities of the human mind. The artificial intelligence of things (AIoT) is the combination of artificial intelligence (AI) technologies and the internet of things (IoT) infrastructure. It’s Now Time To Look Out For The Best AI Stocks In India The union budget also included the …
Budget and the Tourism Sector
India is estimated to contribute USD 250 billion to its GDP from Tourism and create 137 million jobs in the Tourism sector. The tourism industry will also contribute to more than 56 billion USD in Foreign Exchange Earnings, and 25 million foreign arrivals are expected to be achieved by 2030. In FY20, the tourism sector in India accounted for 39 million jobs, which was 8.0% of the total employment in the country. Time To Look Out For Top Hotel Stocks In India In line with promoting this industry, the Government launched the ‘Dekho Apna Desh’ campaign back in December 2019 …
Old Tax regime or New Tax regime?
“Which is better, the old tax regime or the new tax regime?” This is the question that people have been asking since 2020. Budget 2023 made some important tax changes for middle-class taxpayers applicable from the Financial Year 2023-24. The old tax regime wasn’t touched, while the new tax regime saw quite a few changes. Changes were made to the tax slabs, the rebate was tweaked, and more. The budget has left more questions for taxpayers on what they should opt for while filing their taxes. In this blog, we look at which tax regime is more advantageous, what has …
The tale of Union Budget & Green Farming
Last Wednesday when finance minister Nirmala Sitaraman presented the union budget, “Green Growth” was the prime focus. “We are implementing many programs for green fuel, green energy, green farming, green mobility, green buildings, and green equipment, and policies for efficient use of energy across various economic sectors,” said Mrs. Sitaraman as she read out the budget. Thanks to this announcement, organic farming stocks in NSE and BSE are likely to see some movement in the near term. For farmers, it meant green farming through the use of natural fertilizers and organic methods of farming. The Government plans to support over …
What did the budget have in store for the Green Hydrogen Industry?
What is the Green Hydrogen Mission? The objective of the Green Hydrogen Mission is to make India the Global Hub for the production, usage, and export of Green Hydrogen and its derivatives. This will contribute to India’s aim to become self-reliant through clean energy. The Mission will also lead to significant decarbonisation of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in Green Hydrogen. You can check out the entire explainer here. With the push for the adoption of this clean energy, Green Hydrogen stocks in India are likely to see …
Where should you park your emergency fund?
When you plan your goals or lay out your financial plan, it is essential that you consider the place for an emergency fund in it. Unexpected expenses and job losses can put severe pressure on your existing budget, which can be avoided by having a “Plan B” in place as we learned in this blog. Although we discussed what an emergency fund is and its need, the important question remained as to where one should park it. Where Is The Safest Place To Invest Emergency Fund? When parking and emergency fund you should keep in mind that the returns are secondary. …
Cut-Off Timing Rules for Mutual Funds Transactions: Why You Need to Know Them
In recent years, mutual fund investments have become increasingly popular among Indian investors. The flexibility, diversity, and potential for higher returns that mutual funds offer have made them a go-to investment option for many. One of the reasons for this growth in popularity is the increased awareness and education about mutual funds among the general public. Many investors now understand the benefits of diversifying their portfolio through mutual funds, which can mitigate risk and generate higher returns. Additionally, the availability of online platforms and mobile apps for investing in mutual funds has made it easier for individuals to access and …
Don’t Leave Your Child’s Education to Chance: A Guide to Planning and Investing
Every parent wants to give their child the best start in life; a solid education is a fundamental part of that. Planning for a child’s education can be overwhelming and confusing, with many options and decisions to make. And financing is a very crucial part of the various decisions you are likely to make as your child grows up. In this blog, we’ll explore the importance of education planning, how you can plan for your child’s education, and the various vehicles available to help you fund it. The importance of planning Some crucial points on why planning your child’s education …