In Union Budget 2025, the government is going to make several big announcements to increase economic growth. The government’s special focus will be on rural areas. Sources say that this time the allocation for agriculture and related areas can increase by 15 per cent. Actually, the government wants to increase the income of people in rural areas. On the other hand, tax benefits on home loans are expected to increase for home buyers. For the last several years, the government has not increased benefits on home loans, while the prices of houses have increased significantly.
Big announcement for home shopping
The government can increase the deduction limit on home loan interest from the current Rs 2 lakh to at least Rs 3 lakh. This will increase people’s interest in buying a house. This deduction is received under section 24B of the Income Tax Act. Apart from this, deduction is available on the principal of home loan under section 80C. Its limit is Rs 1.5 lakh. The government can increase it to 3 lakhs or start a separate category for deduction on the home loan principal.
Government will open treasures for agriculture
Finance Minister Nirmala Sitharaman 1 can allocate about Rs 1.75 lakh crore for agriculture and agriculture related activities. This will be much higher than the allocation of FY25. The government also wants to increase the allocation of the Ministry of Agriculture. The government wants increased allocation to be used on research to develop new varieties of seeds. Use of high yielding seeds will increase the income of farmers. The government may reduce GST on things used in agriculture like seeds, pesticides. With this, farmers will be able to invest more in farming.
Opportunity to invest in these shares
Brokerase firm Motilal Oswal believes that if the government makes big announcements for the agriculture sector, it may boost the shares related to agriculture. The brokerage firm has advised to invest in UPL Limited, Coromandal International and Godrej Agrovet. The UPL stock has given just 5.63 percent returns in the last one year. On January 24, the price of this stock fell 0.84 per cent to Rs 553 in the afternoon. COROMANDAL International shares have given about 59 percent returns in a year. On January 24, the price of this stock fell 1.20 per cent to Rs 1,826. Godrej Agroovet shares have given 33.58 per cent returns in the last one year. On January 24, its price fell 2.43 per cent to Rs 703.
Also read: India Budget 2025: Middle class will get big relief, Nirmala Sitamaran will have to take these 2 decisions
DLF shares have fallen by 6 percent in the last one year
Motilal Oswal says that on February 1, Finance Minister Nirmala Sitharaman can make a big announcement for home buyers, including increasing tax benefit on home loans. This happens that the shares of real estate companies may increase. The brokerage firm has advised to invest in shares of DLF Limited and Godrej Properties. After the budget, these stocks can make good profits in a few weeks. DLF shares have given negative returns of about 6 percent in the last one year. Shares of Godrej Properties have given a negative return of 3.9 per cent in the last one year.