Indian manufacturers are concerned about losing market share to Chinese makers.
An alert has been issued by the Directorate of Revenue Intelligence, lead agency to check smuggling and customs duty evasion, to all international transit points across the country, official sources said.
RIL, according to Goldman, offers the best downstream exposure in the Asian oil sector with its high quality asset base, diversified product portfolio, efficient management of inventory valuation swings and ability to fund large organic expansionary capex without taking on debt.
Stocks to watch: Videocon, Blue Star, Hitachi, MIRC Electronics, BPL, Whirlpool, Gitanjali, Titan Group
Jaitley increased the excise duty on most tobacco products by 10-15 per cent.
Rising rural distress due to back-to-back droughts have put pressure on FM to spend more on social schemes; no change in tax slabs likely
Excise duty hike for cigarettes could be lower.
The court accepted the scheme formulated by the state government to provide "ex gratia assistance" of up to Rs 50,000 to all religious places, including mosques and temples.
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
FM says, he will not tax the middle class.
Without the handsome receipts from the sale of government equity in PSUs and sharp increases in excise revenues from oil, Mr Jaitley's fiscal consolidation drive would have become even more arduous, says A K Bhattacharya.
Amendments to RBI Act likely soon
Finance Minister Arun Jaitley presented the Union Budget.
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