According to reports, the government may increase funding for port modernisation, provide incentives for green shipping practices, and may launch a maritime development fund with a corpus of Rs 15,000 to 20,000 crore to support shipbuilding at low-interest rates.
Bankers have also made several proposals for the Budget, including tax relief on deposits and home loans, as well as the establishment of a dedicated refinancing entity for non-banking financial companies (NBFCs).
Shares of Madras Fertilizers, GNFC, Mangalore Chemicals and Fertilizers, NFL, RCF, and Rallis India would be on investors' radar as they expect the government to dole out incentives to boost rural incomes.
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