Infrastructure: Marginally positive
• Funding related proposals a positive for entire sector (Both local & global)
• Viability Gap Funding allowed for irrigation projects, Tax free bonds for certain infrastructure
agencies increased to 60k cr
• Attracting external flows - ECB allowed to part finance rupee debt of existing power projects. The
withholding tax for ECB in power, airlines, roads & bridges, ports & shipyards, affordable housing,
fertilizer and dams has been reduced to 5% from 20% for three years. Restriction on Venture
Capital Funds to invest in only 9 sectors has been removed.
• Overall larger expectations such as Annuity Fund or Land Bank Corporations have remained
unaddressed.
Financials: Marginally positive
• Measures to increase deposit flow to the banking system – by giving tax exemption on interest
upto Rs 10,000 (Rs 25 lac of deposits) on Savings Bank Deposits
• Opening new avenues for Corporate India to raise resources by liberalizing access to ECB
market reduction in withholding tax and allowing QFIs to Participate in Corporate Debt market
• Capital infusion - Capitalization of Rs 17000 Cr of banks, RRBs and Nabard
Telecom: Overall Mild negative
• Increase in service tax to 12% is a mild negative as it would not be easy for the telecom
companies to increase headline tariffs immediately
• Fixed network for telecommunication and telecom towers made eligible for Viability Gap funding
• Budgeted receipts from telecom is very high at 58k Cr and could put additional strain
Pharma: Overall neutral
• Non LLP partnerships brought under MAT.
• NHRM allocation increased to 20000 crs from 18000 crs ( minor increase) positive for branded
generic players
• Rs 5000 deduction for individuals who go for preventive health check up
Autos: Overall Positive
•Only 2% excise duty hike and large vehicles up by 4-5% Hike will be passed on to final consumers.
•Custom duty on “completely built vehicles” have been increased to 75% from 60%. No significant
impact from the same on listed players.
•No much talked about diesel tax imposed which is a positive
Metals & Mining: Marginally positive
•Import duty on flat rolled steel has been increased to 7.5% (from 5% earlier).
•Cut customs duty on mining machinery to 7.5% from 10.0%
Oil & Gas: Marginally negative
• Cess on crude production increased from Rs2500/ton to Rs4500/t
• Exemption of custom duty on LNG for power
• Oil subsidies are kept at 40000 cr INR only.
IT services: Marginally positive
• Repatriation of dividends from foreign subsidiaries of Indian companies to India at a lower tax rate of
15 per cent as against the tax rate of 30 per cent has been allowed for one more year i.e. upto March
31, 2013.
• Increases in budget for UID to fund enrolment of another 400 mn people.
Cement: Neutral
• Excise duty is now same irrespective of selling price. Change in rates and move to selling price (less
30% abatement) will lead to Rs1-2/bag increase or decrease in duty
• Removal of custom duty on steam coal positive for space
Retail: Neutral
• Customs duty on Gold now 4% (in Jan it was increased to 2%, earlier it was fixed a fixed amount)
• Tax collected at source (TCS) of 1% for Jewellery above Rs. 200,000 purchased in cash (seller
to collect tax).
• Abatement for computing Excise on apparels increased from 55% to 70%.
Real Estate: Marginally positive
• A TDS of 1% will be on all property (other than agricultural) transactions above 50 Lakhs in
specified areas and above 20 lakhs in other areas.
• Extension of 1% interest subsidy by another year for home loans upto 15 lakhs for transaction
values upto 25 lakhs
• Adjusting for abatement of effective service tax rate: - If land cost included ->tax increased from
2.58% to 3.09% and if land cost not considered -> from 3.43% to 4.12%
~
Source : relianceMF
• Funding related proposals a positive for entire sector (Both local & global)
• Viability Gap Funding allowed for irrigation projects, Tax free bonds for certain infrastructure
agencies increased to 60k cr
• Attracting external flows - ECB allowed to part finance rupee debt of existing power projects. The
withholding tax for ECB in power, airlines, roads & bridges, ports & shipyards, affordable housing,
fertilizer and dams has been reduced to 5% from 20% for three years. Restriction on Venture
Capital Funds to invest in only 9 sectors has been removed.
• Overall larger expectations such as Annuity Fund or Land Bank Corporations have remained
unaddressed.
Financials: Marginally positive
• Measures to increase deposit flow to the banking system – by giving tax exemption on interest
upto Rs 10,000 (Rs 25 lac of deposits) on Savings Bank Deposits
• Opening new avenues for Corporate India to raise resources by liberalizing access to ECB
market reduction in withholding tax and allowing QFIs to Participate in Corporate Debt market
• Capital infusion - Capitalization of Rs 17000 Cr of banks, RRBs and Nabard
Telecom: Overall Mild negative
• Increase in service tax to 12% is a mild negative as it would not be easy for the telecom
companies to increase headline tariffs immediately
• Fixed network for telecommunication and telecom towers made eligible for Viability Gap funding
• Budgeted receipts from telecom is very high at 58k Cr and could put additional strain
Pharma: Overall neutral
• Non LLP partnerships brought under MAT.
• NHRM allocation increased to 20000 crs from 18000 crs ( minor increase) positive for branded
generic players
• Rs 5000 deduction for individuals who go for preventive health check up
Autos: Overall Positive
•Only 2% excise duty hike and large vehicles up by 4-5% Hike will be passed on to final consumers.
•Custom duty on “completely built vehicles” have been increased to 75% from 60%. No significant
impact from the same on listed players.
•No much talked about diesel tax imposed which is a positive
Metals & Mining: Marginally positive
•Import duty on flat rolled steel has been increased to 7.5% (from 5% earlier).
•Cut customs duty on mining machinery to 7.5% from 10.0%
Oil & Gas: Marginally negative
• Cess on crude production increased from Rs2500/ton to Rs4500/t
• Exemption of custom duty on LNG for power
• Oil subsidies are kept at 40000 cr INR only.
IT services: Marginally positive
• Repatriation of dividends from foreign subsidiaries of Indian companies to India at a lower tax rate of
15 per cent as against the tax rate of 30 per cent has been allowed for one more year i.e. upto March
31, 2013.
• Increases in budget for UID to fund enrolment of another 400 mn people.
Cement: Neutral
• Excise duty is now same irrespective of selling price. Change in rates and move to selling price (less
30% abatement) will lead to Rs1-2/bag increase or decrease in duty
• Removal of custom duty on steam coal positive for space
Retail: Neutral
• Customs duty on Gold now 4% (in Jan it was increased to 2%, earlier it was fixed a fixed amount)
• Tax collected at source (TCS) of 1% for Jewellery above Rs. 200,000 purchased in cash (seller
to collect tax).
• Abatement for computing Excise on apparels increased from 55% to 70%.
Real Estate: Marginally positive
• A TDS of 1% will be on all property (other than agricultural) transactions above 50 Lakhs in
specified areas and above 20 lakhs in other areas.
• Extension of 1% interest subsidy by another year for home loans upto 15 lakhs for transaction
values upto 25 lakhs
• Adjusting for abatement of effective service tax rate: - If land cost included ->tax increased from
2.58% to 3.09% and if land cost not considered -> from 3.43% to 4.12%
~
Source : relianceMF
1 comment:
After this brings up its clients get entertained well with its premium services, the Escorts Service in Vasant Kunj is liable to increase the level of fun by its quality services dissimilar to get anywhere. So, let us forget everything and take pleasure in what you wait for a long time. Check our other Services...
Escorts Service in Vasant Kunj
Escorts Service in Vasant Kunj
Escorts Service in Vasant Kunj
Escorts Service in Vasant Kunj
Escorts Service in Vasant Vihar
Post a Comment