Sectoral Analysis
India News - Mon, Mar 8, 2010
DLF may hike prices
Following the interest rate hike by a few leading banks and the government proposal to slap service tax on the realty sector, the country's largest real estate developer DLF on Monday said properties would turn dearer as developers would have to pass on the service tax burden to end-users.
Following the interest rate hike by a few leading banks and the government proposal to slap service tax on the realty sector, the country's largest real estate developer DLF on Monday said properties would turn dearer as developers would have to pass on the service tax burden to end-users.
India News - Thu, Mar 4, 2010
FMCG products to be costlier
Beauty creams, hair oil, shampoos and other household items will cost more as FMCG firms plan to increase prices by up to 7 per cent due to the excise duty hike announced in the Budget.
Beauty creams, hair oil, shampoos and other household items will cost more as FMCG firms plan to increase prices by up to 7 per cent due to the excise duty hike announced in the Budget.
No rollback of service tax on realty: FinMin
Central Board of Excise and Customs chairman V Sridhar has also said the realty sector would not attract 10 per cent service tax in effect.
Central Board of Excise and Customs chairman V Sridhar has also said the realty sector would not attract 10 per cent service tax in effect.
Health care: Budget cutback to fuel pvt expansion
The government has cut the budgets of some major central government funded public hospitals, indicating there could be more private sector expansion in health care.
The government has cut the budgets of some major central government funded public hospitals, indicating there could be more private sector expansion in health care.
No taxing time for real estate: Govt
The government has said the net impact of the service tax on real estate construction would be only 3.3 per cent, since construction attracts service tax only on 33 per cent of the value.
The government has said the net impact of the service tax on real estate construction would be only 3.3 per cent, since construction attracts service tax only on 33 per cent of the value.
Budget: Booster dose for IT
The Union Budget deserves two or maybe two-and-a-half cheers for what it has on offer for the Indian information technology (IT).
The Union Budget deserves two or maybe two-and-a-half cheers for what it has on offer for the Indian information technology (IT).
India News - Wed, Mar 3, 2010
Fuel sales: IOC losing Rs 107 cr a day
The country's biggest fuel retailer Indian Oil Corporation on Wednesday said it is losing Rs 107 crore (Rs 1.07 billion) a day on selling auto and cooking fuel below cost even as it awaits the government to announce clear compensation package.
The country's biggest fuel retailer Indian Oil Corporation on Wednesday said it is losing Rs 107 crore (Rs 1.07 billion) a day on selling auto and cooking fuel below cost even as it awaits the government to announce clear compensation package.
Realtors to seek service tax rollback on housing
The meeting is likely to be attended by a number of leading developers, including realty firms DLF and Unitech.
The meeting is likely to be attended by a number of leading developers, including realty firms DLF and Unitech.
Entertainment sector to benefit
The project import status for set up of head-ends and lower customs duty and nil SAD would be a booster for the multi service operators.
The project import status for set up of head-ends and lower customs duty and nil SAD would be a booster for the multi service operators.
Sugar: No direct impact from Budget
The increase in MAT rate from 15% to 18% in effective terms to 19.93% from 16.995% would mean higher cash outflow for the companies paying tax at MAT Rate like Balrampur Chini and Bajaj Hindusthan.
The increase in MAT rate from 15% to 18% in effective terms to 19.93% from 16.995% would mean higher cash outflow for the companies paying tax at MAT Rate like Balrampur Chini and Bajaj Hindusthan.
Computer hardware prices to rise
Excise duty hike, removal of exemptions in certain items is negative; increased allocation for various government projects, education sector and set up of TAGUP to drive demand.
Excise duty hike, removal of exemptions in certain items is negative; increased allocation for various government projects, education sector and set up of TAGUP to drive demand.
Good news for IT education cos
The increased allocation towards education would have a positive impact on all the IT Education Companies as this would lead to higher ICT projects coming their way.
The increased allocation towards education would have a positive impact on all the IT Education Companies as this would lead to higher ICT projects coming their way.
SAIL hikes steel prices by up to Rs 600/ton
Steel Authority of India Limited said on Wednesday it has hiked steel prices by up to Rs 600 a tonne, effective from March 1, on account of increase in excise duty.
Steel Authority of India Limited said on Wednesday it has hiked steel prices by up to Rs 600 a tonne, effective from March 1, on account of increase in excise duty.
Minister for service tax roll-back on domestic air travel
The Union civil aviation ministry would take up the issue with the finance ministry, Patel said, expressing the hope that the latter would respond favourably to the civil aviation ministry's representation.
The Union civil aviation ministry would take up the issue with the finance ministry, Patel said, expressing the hope that the latter would respond favourably to the civil aviation ministry's representation.
India News - Tue, Mar 2, 2010
Budget to have a mixed impact on corporate sector
Now that the Union Budget is in, a look at its sector-wise impact on the corporate sector, after checking with the views of brokerage firms.
Now that the Union Budget is in, a look at its sector-wise impact on the corporate sector, after checking with the views of brokerage firms.
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