No. The Rs. 750 million total (CSE 250m + govt 500m) covers both student portfolios and SME listing support. At Rs. 10,000 max each, that funds at most ~75,000 students if all went to shares—far less in practice.
CSE market cap is ~Rs. 8 trillion. Rs. 750m is 0.01%. Even if concentrated in large names like Hayleys (~Rs. 189bn) or LOLC (~Rs. 200bn+), it would be a fraction of 1% and buy from existing sellers on the secondary market, not inject capital into the companies. Budget specifies no stocks. Scale makes any “handout” impact negligible.
Gov is handing tax money to selected Advanced Level students so they can “invest” in the CSE. In practice this means the money will flow into familiar names — Hayleys, LOLC, Expo-related counters, LB Finance-type stocks and the rest of the usual blue-chip list.
Jensen Huang gets WAY too much credit for Nvidia's success. He did not create GPUs with he intention capturing the AI market. Scientists like Alex Krizhevsky, Ilya Sutskever, Geoffrey Hinton, and Andrew Ng just happened to discover that Nvidia GPUs with CUDA worked really well for Neural Nets.
Nvidia just seriously lucked out that their product just happened to be useful for AI. Jensen had no idea until the AI researchers came to him and made him aware. Jensen Huang is no Steve Jobs. He can be easily replaced.
Discovering that you have the Golden Goose after it laid a golden egg does not make you a genius. Capitalizing on an enormous, externally discovered opportunity is not evidence of extraordinary genius.
Sri Lanka's 2022 economic collapse is a great example against central planning and leftist economic policies.
And what did Sri Lankans do after going thorough it?
Strongly rejected the right-wing president who arrested the collapse, and elected another leftist populist 💀
Seems like some solid incentives for battery energy storage adoption.
- Subsidy of 25,000 per KW, up to a max of 250,000 for 10 KW (10 units).
- 10% levy on imported batteries will also be removed.
This 3.5B allocation could lead to 140MW of subsidised batteries if utilised.