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Impact on SMEs

India News - Wed, Mar 3, 2010

Budget: Negative impact for soda ash producers

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.
India News - Sat, Feb 27, 2010

Chemicals: Side stepped in the Budget

Chemicals: Side stepped in the Budget
The hike in excise duties will be largely passed on to customers.

Budget largely sidelines textiles sector

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

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
India News - Fri, Feb 26, 2010

Maran hails budget proposals for textiles sector

Maran hails budget proposals for textiles sector
Union Textiles Minister Dayanidhi Maran has hailed the Budget proposals-2010-11 presented in Parliament on Friday.

Renewable Energy: 61% increase in outlay

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

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

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

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

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

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 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.
India News - Thu, Feb 25, 2010

Tea: Extend concessional duty

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
India News - Wed, Feb 24, 2010

Govt may widen scope of tax on entertainment

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.
India News - Tue, Feb 23, 2010

Computer education: Provide tax breaks

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.

Entertainment: Cut customs duty on set-top boxes

Entertainment: Cut customs duty on set-top boxes
Also seeks removal of excise duties on set top boxes for free to air transmission, and removal of service tax for broadcasters.
India News - Thu, Feb 18, 2010

Sugar: Unveil policies to promote ethanol as green fuel

Sugar: Unveil policies to promote ethanol as green fuel
Sugar sector has been buoyed up by high sugar prices and seeks policies to promote ethanol as green fuel in the ensuing Union Budget 2010-11.
India News - Tue, Feb 16, 2010

Budget 2010: Import tariffs may come down

Budget 2010: Import tariffs may come down
Focus on agriculture, infrastructure and services sector can help the country's GDP to grow by more than 9 per cent.

Biotech industry seeks fiscal sops

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.
India News - Fri, Feb 12, 2010

Costs to patients must come down

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.
India News - Thu, Feb 11, 2010

Fertilizers: Cut customs duty on inputs

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%

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.
India News - Tue, Feb 9, 2010

MSMEs seek sops from Union Budget

MSMEs seek sops from Union Budget
The Industries Association of Uttarakhand, an organisation of MSMEs, has prepared an agenda for the Budget.
India News - Mon, Feb 8, 2010

Tyres: Cut Customs duty on raw materials

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

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.
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