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# 858 Daily Money Show | Money Purse Stock Market News

81.6K views · Jul 23, 2024 · 24:17 min · Watch on YouTube ↗
Takeaway

Budget prioritized AP infrastructure, employment incentives, and urban water/waste management — creating clear winners across staffing and infra stocks.

Summary

  • Union Budget: AP gets Rs 15,000 crore for capital construction, Polavaram funding, and Vizag-Chennai rail corridor support — positive for AP-focused infra cos like NCC.
  • Employment schemes A, B, C announced — first-time job entrants get up to Rs 15,000 in 3 installments; EPFO incentives for manufacturing employers — positive for TeamLease and Quess Corp.
  • Water management projects in 100 cities benefit VA Tech Wabag, Vishnu Prakash R Punglia, JTF Infra, EMS Ltd, Ion Exchange; solid waste benefits Antony Waste, Urban Enviro.
  • Capital gains tax changes caused intraday market pressure; Moody's hinted at India rating review due to debt reduction trajectory.
Union Budgetinfrastructureemployment
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