This year the budget is going to be presented for the second time. Earlier in February, the budget was presented by Nirmala Sitharaman and after this, the elections were held and after the complete formation of the government after the elections, now the budget is going to be presented for the second time in July. This time also Nirmala Sitharaman will present this budget. This budget will be presented on 23 July and this budget session will run from 22 July to 12 August. In this session, all the new schemes, tax increases, tax reductions, etc. will be considered.

Agriculture and farmers can benefit from the budget to be presented

In the budget to be presented, the government can bring new schemes to benefit agriculture and farmers and due to this many new subsidies can be implemented and taxes can be reduced on many things because last time in the budget presented in February, special attention was not given to agriculture and farmers and in that budget, no new schemes were implemented to benefit agriculture, due to this time the government can give special attention to agriculture.

Agriculture To benefit the sector, the government can reduce GST and along with this, any new schemes can be implemented, which can affect the shares related to agriculture. In this, the shares of fertilizer and chemical products can benefit because the government can increase the subsidy to benefit agriculture and can reduce any tax, which can have a direct impact on fertilizer and farmer raw material, which can benefit the shares related to agriculture.

In this budget, there can be a consideration to increase special infrastructure and construction.

Let us tell you that in the upcoming budget, special attention can be given to infrastructure and construction because infrastructure and construction were closed for the last several months due to elections because funds cannot be released for infrastructure and construction during elections, due to which many infrastructure and construction works were stopped, which can be started again.

In this budget, the maximum amount can be brought for infrastructure and construction because many projects in India are stopped. To complete the projects that are currently underway and to start new projects, the government can increase the budget for infrastructure and construction, which can benefit the shares related to infrastructure and construction.

Due to the increase in infrastructure or construction, Larsen & Toubro Limited, apart from this, government companies like NBCC will benefit from this because all the companies work on many projects. Apart from this, some small companies like KNR Kanar companies can also benefit because all the companies work for government projects.

Some construction material is needed to prepare the government project and its sales will also increase, due to which companies like cement, rebar, etc. will also benefit from this. Companies like ACC Ambuja Cement, which comes under the Adani Group, will also benefit.

Launch of many new schemes and new projects by the government

Many new projects can be passed by the government in this budget and many new schemes can be brought for the people, for which a separate budget can be presented, especially on safety, health and road transport. The budget will be presented because the government is giving more emphasis on health and road transport and in the last several years, many new road highways have been built by the government and many new schemes have been introduced in the health sector so that people can get free treatment.

In the budget to be presented this month, the government can give people exemptions in income tax and GST. Apart from this, GST can be imposed on many things tax can be increased on many things and tax can be reduced on many things, but tax can also be imposed on new things, which will have a direct impact on people and people will pay special attention to the budget that where they are getting benefit and where there is loss. Maximum effort will be made by the government to benefit the people in this budget.

Read More: The Budget Is Going To Be Presented Soon in India