Budget 2009 Highlights

06/07/2009 12:45:21 PM - Levy of Service Tax on goods transported by Indian Railways- Negative for Concor, Gateway Distriparks and AllCargo.

06/07/2009 12:42:56 PM - No excise on Branded Jewellery: Positive for Titan, Gitanjali Gems.

06/07/2009 12:40:31 PM - Custom Duty cut from 7.5% to 5% on Wind Power equipment - Negative for Suzlon

06/07/2009 12:36:12 PM - 5% customs duty on Set top boxes - Negative for Dish TV and Overall Broadcasting Sector

06/07/2009 12:32:18 PM - Mineral Oil includes Natural Gas - Positive for RIL

06/07/2009 12:31:37 PM - No change in Interest deduction for Housing Loan. Negative for Real Estate.

06/07/2009 12:28:49 PM - CTT to be abolished - Positive for Financial Technologies

06/07/2009 12:25:59 PM - Propose to increase rate of MAT to 15% - Negative for companies paying MAT and Infrastructure companies

06/07/2009 12:24:06 PM - No dividend tax on NPA Trust (Asset Reconstruction Company)

06/07/2009 12:24:05 PM - FBT tax to be abolished - Positive for Corporate India

06/07/2009 12:23:15 PM - Surcharge of 10% on personal Income tax removed - Benefit for Consumer spending

06/07/2009 12:21:42 PM - Increase in personal tax exemption limit for Women by Rs10,000

06/07/2009 12:21:34 PM - STPI extension will delay plans to develop SEZ s. Negative for Real Estate Sector Companies.

06/07/2009 12:21:18 PM - Increase in personal tax exemption limit for Senior Citizens by Rs15,000

06/07/2009 12:20:43 PM - No changes in corporate tax

06/07/2009 12:20:24 PM - STPI enhanced for 1 more year. Benefical for IT Companies.

06/07/2009 12:18:28 PM - GST on Target - to be implemented by April 2010 - Overall postive for Economy as higher tax collection for Government

06/07/2009 12:16:00 PM - New Tax reform bill in Winter Session.

06/07/2009 12:15:40 PM - New Tax reform bill

06/07/2009 12:12:20 PM - Higher Fiscal Deficit - Negative for Banks

06/07/2009 12:10:44 PM - Agriculture debt waiver and other financial inclusion measures - Sentiment negative for Banks

06/07/2009 12:10:15 PM - Additional Loan flexibility to State Govt. would benefit Road and Power Segment. Beneficial to : Hind.Const, Nagarjuna Const, Madhucon Projects, CESC, Lanco Infra.

06/07/2009 12:06:03 PM - Increase in Planned Expenditure (34% yoy) - Positive for Infrastructure Sector.

06/07/2009 12:04:50 PM - Rs1,000cr allocated for Damage Infrastructure

06/07/2009 12:02:30 PM - Spend on CommoWealth games increased to Rs3,472cr.

06/07/2009 12:01:18 PM - Unique identification Authority of India - Rs120cr provision

06/07/2009 12:00:39 PM - Spend on higher education increased by Rs2,000cr.

06/07/2009 11:56:04 AM - NREGA Allocation increased to Rs39,100cr - Positive for FMCG Companies

06/07/2009 11:54:36 AM - Increase spend on Biometric Card to Rs350cr - an yoy increase of 40%.

06/07/2009 11:52:46 AM - Higher allocation on Infra and Bharat Nirman by 45%, 23% higher allocation on NHAI

06/07/2009 11:51:06 AM - RGVYP allocation in excess of Rs7,000cr

06/07/2009 11:47:01 AM - Bharat Nirman Alloctaion up by 45% yoy.Positive for Infrastructure Sector.

06/07/2009 11:47:00 AM - Government supports disinvestment - greater clarity awaited

06/07/2009 11:45:17 AM - Increased allocation to NREGA by 144% To Rs39,100cr. Positive for Rural Economy

06/07/2009 11:40:35 AM - Nutrient based fertiliser subsidiy for balance usage of all fertiliser. Positive for all Non-Urea Fertiliser manufacturers

06/07/2009 11:39:10 AM - Committee for review of Petroleum and Oil Prices. Neutral on ONGC, GAIL and Oil Marketing Companies

06/07/2009 11:37:36 AM - Looking at direct allocation of fertiliser subsidiy to farmer.

06/07/2009 11:36:41 AM - Exposrt SOP s to facilitate trade due to interest rate subvention extended to sectors such as Gems, Leather and Textile. Positive for Concor. Buy Gateway Distripark.

06/07/2009 11:35:57 AM - Stimulus Package for Print Media extended by another six months

06/07/2009 11:34:51 AM - Government extends interest subvention scheme applicable for 7 export sectors by 6 months

06/07/2009 11:33:56 AM - Allocation to JNNURM up by 87%

06/07/2009 11:32:47 AM - Allocation to APDRP up by 160% to Rs2,080cr

06/07/2009 11:32:10 AM - Allocation to Railways up from Rs10,800cr to Rs15,800cr.

06/07/2009 11:30:58 AM - National Grid for Gas- Beneficial to L&T and Punj Lloyd

06/07/2009 11:30:16 AM - Additional Rs1,000cr for accelerated irrigation Projects; an increase of 75% yoy. Beneficial to Jain Irrigation

06/07/2009 11:29:04 AM - Buy IVRCL, Madhucon Projects

06/07/2009 11:28:24 AM - Agri. Credit enhanced to Rs3,25,000cr as against Rs2,87,000cr in 2008-09

06/07/2009 11:27:06 AM - 23% higher allocation to NHAI over 2008-09. Beneficial to Stocks like Nagarjuna Const. Hindustan Const. Madhucon Projects.

06/07/2009 11:25:57 AM - JNNURM investments to tune of Rs12,877cr. BEneficial to Punj Lloyd, Simplex Infra.

06/07/2009 11:24:40 AM - Beneficial to NCC, HCC Policy, regulatory and institutional bottlenecks to be removed

06/07/2009 11:24:29 AM - IIFCL to refinance 60% of Bank Loans in critical sectors

06/07/2009 11:19:16 AM - Infra investment to exceed 9% of GDP by 2014

06/07/2009 11:18:30 AM - Ensure Agriculture growth at 4%

06/07/2009 11:18:17 AM - India growth rate target at 9%

06/07/2009 11:12:10 AM - Budget Highlights FY2009-10