NBCC rallies over 100% in just 1 month. Is there more upside left?

Budget 2024: At 11 am, the Union finance minister will unveil the final budget of the second term of the Narendra Modi government.

These initiatives should significantly help in plugging the overall housing shortage faced by the country

Housing & Urban Development Corporation Ltd, which builds houses for government projects, bucked the trend, rising 19.62%. NBCC also surged 9.78%.

Interim Budget 2024 Live Speech: Finance Minister Nirmala Sitharaman is all set to announce the Interim Budget 2024-25 in a joint session of Parliament at 11 am. According to experts, Sitharaman's speech will broadly focus on potential strategies to boost employment by increasing spending on infrastructure and enhance farmers' incomes. While the middle class remains hopeful of some positive tax-related announcements to tackle rising inflation, such expectations may not be fulfilled as the government's focus is on reducing the fiscal deficit. At the same time, the government may look to provide top-ups for its existing welfare schemes to boost its prospects ahead of the Lok Sabha polls. Follow our live coverage for all the live updates from Nirmala Sitharaman's budget presentation.

The government has increased the budget for the Production Linked Incentive (PLI) scheme by 33% to Rs 6,200 crore and is reviewing the PLI for sectors like textiles, pharma, and food processing. The government has disbursed Rs 4,415 crore under the scheme for eight sectors, including electronics and pharma. Finance Minister Nirmala Sitharaman emphasized the importance of providing timely finances, relevant technologies, and training for MSMEs.

The government is likely to significantly enhance allocation for key farm sector schemes and push credit in the interim Budget to boost rural economy. Growth in the agriculture sector is projected to decelerate to 1.8% in 2023-24. The government is also likely to announce a substantial increase in the agricultural credit target to Rs 22-25 lakh crore for the next fiscal.

From Achhe din in 2014 to New India 2022, the Modi administration is renowned for creating catchphrases for its several programmes. Let's look at a few of the Modi government's well-known budgeting pronouncements and their current performance.

It may quell anxiety among borrowers and encourage prospective homebuyers to finalise decisions that may have been put on hold

Sitharaman will present the sixth Budget on February 1, where she will outline the roadmap for 2024-25. In the post-budget meeting, the finance minister will address the board members and talk about announcements made in the interim Budget 2024-25. The meeting is being held shortly after the Budget session, as well as the last session of the 17th Lok Sabha, which comes to an end on February 9.

Developers welcome government’s plan to launch housing scheme for those living in rented accommodations, slums or chawls to buy or build their own houses