Budget: Negative impact for soda ash producers The levy of clean energy cess on domestic and imported coal at Rs 50 per tonne can affect select players with captive thermal power plant, and also soda ash producers.
Budget largely sidelines textiles sector Cut in TUFS scheme allocation is a major negative while extension of interest subvention for another year is positive; one time grant for TN govt, skill development initiative augurs well.
Cut in I-T to boost FMCG sale The FMCG sector's demand growth will be powered by effective reduction in the personal taxes and increased allocation under NREGA, though hike in excise duty lead inflation is a cause for concern
Renewable Energy: 61% increase in outlay Finance Minster Pranab Mukherjee in his Budget Speech in Parliament on Friday proposed to increase the Plan outlay for the Ministry of New and Renewable Energy by 61% from Rs 620 crore in 2009-10 to Rs 1000 crore in 2010-11.
Medical equipment: Basic duty of 5% on import A uniform concessional basic duty of 5 per cent, CVD of 4 per cent with full exemption from special additional duty on all medial equipment are proposed doing away with a very complex import duty regime.
Major tax relief to agriculture, related sectors The Union Budget 2010-11 presented by the Finance Minister Pranab Mukherjee in the Lok Sabha on Friday, supports the strategy for the development of agriculture and related sectors.
Sops for R & D in scientific, social sectors The Union Budget 2010-11 presented by the Finance Minister Pranab Mukherjee in the Lok Sabha on Friday, provides boost to the research and development (R & D) activity across all sector of economy.
Infotainment sector to benefit from sops The Union Budget 2010-11 seeks to address the needs of multi-service operators to invest in 'digital head end' equipment to adopt digital technology and keep pace with on-going transformation in infotainment sector.
Excise hike may push up steel prices by Rs 600/ton The domestic steel companies such as SAIL and Tata Steel are likely to increase prices by about Rs 600 a tonne on account of the increase in excise duty in the Budget.
Cement prices likely to go up by Rs 8-10 per bag Cement prices are likely to go up by around Rs 8-10 per 50 kg bag with manufacturers saying that they may pass on the burden of hike in excise duty proposed in the Budget 2010-11 to customers.
Tea: Extend concessional duty Year 2009 turned to be good for tea sector with higher realizations and spurt in profits, as there was fall in production globally, and as consumption continued to grow
Govt may widen scope of tax on entertainment The Central Board of Excise and Customs (CBEC) has recommended amending the rules to widen the scope of levying service tax on the entertainment business.
Computer education: Provide tax breaks With the thrust of the government to further education and to get the education system up inline with coming times, the sector is poised for growth.
Biotech industry seeks fiscal sops India's biotechnology industry is pushing the government for fiscal incentives, import duty exemption and correction of policy that gives MNCs higher drug prices than "desi" producers, ahead of the Union budget.
Costs to patients must come down The customs duty should be at a substantially lower rate for all types of imports i.e. consumables, pharmacy items, bio-medical equipments etc since this is the major cost factor of the patient's bill.
Fertilizers: Cut customs duty on inputs Implementation of nutrient-based subsidy and direct payment of subsidy to the farmers might be taken care of in the Budget.
Hike customs duty on ferro alloys to 10% The ferro alloy sector seeks hike in customs duty on entire range of ferro alloys to 10%, except retaining customs duty on ferro nickel at 5%, which is fully imported.
Tyres: Cut Customs duty on raw materials Remove anomaly of higher customs duty on inputs by cutting the customs duty on natural rubber, other inputs and on tyre manufacturing machinery and / or hike in customs duty on tyres.
Cement: Give abatement on excise duty Surplus scenario emerges despite double digit growth in demand on accelerated capacity additions; seeks abatement of excise duty on cement, removal of customs duty on inputs.