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01:32 pm : Flashes: Deemed rental taxation relaxed for 1 yr for builders holding stock in trade, says KPMG
01:27 pm : Flashes: Deemed rental taxation relaxed for 1 yr for builders holding stock in trade, says KPMG
01:24 pm : Flashes: FIPB may be phased out by 2017-18. New FDI policy under consideration, says KPMG
01:22 pm : Flashes: Relaxation in tax incentive conditions could make housing more affordable, says KPMG
01:21 pm : Flashes: Cap on cash transaction over 3 lakhs to help increase bank deposit base, EY says
01:19 pm : Flashes: Increased purchasing power for aam janta to drive consumption, says EY
01:17 pm : Flashes: No Major Changes In Existing Indirect Taxes In Light Of GST Implementation, says EY
01:14 pm : Flashes: Simplified Tax Return Forms For Those Earning Salary Income Upto Rs 5 Lakh, Says EY
12:58 pm : Flashes: Net revenue loss in direct tax could be Rs 20,000 cr due to exemptions, says FM
12:58 pm : Flashes: Greater accountability on tax officers for errors of commission & omission, says FM

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lakshmanasamy | 2017-02-01 22:25:13

Demonetization process has effect to raise bank deposits enormously by more than ten lakh crores of INR. But those individuals who owned that money previously, now become out of funds and hence shrink in the money rotation. Sure this would spoil the economy. It should be nullified by the Government with the help of the seized money and also the Government should identify various economy development sources as the consequence of the demonetization attempt. Based on these views it is clear that the budget presentation yields nothing any game change. Yes as mentioned in the media, it is mere a balance sheet report of the Audit General of India presented in the ruling house. FM reports that more allocation done foe rural development. It is nothing but increasing fund for the 100 day wages by further weakening the labor power. He also mentioned on the generous fund allocation towards infrastructures. Except countable highways, remaining our roads across our country are suited for ten twenty years old vehicles population only. By his present allocation all the poor roads can not be updated to the present modern vehicles. The only positive point is that FM did not tried to tax on the long term capital gains on equity investments, thus enlightening the long term investor s spirits, enabling to enter with more brisk. Also changes done in land and real asset taxation would sure save the suffocation of that sector. But he did not elaborate on this ground as to what extent he makes it relieved. By spoiling the hope of the corporate people on reduction of tax, even though not happier, still they would be satisfied on FM s grace by not loading with raising corporate tax , except the 6 percent tax added on cigarettes. Halving the individual IT rate up to 5 lakh rupees above the standard deduction, is like feeding with a little mouse to a hunger elephant. In short FM takes the roll of a layman in the budget preparation process!!!!!!!!!!!!!!!!!! So what seems in an ordinary stock investor s mind is that the scenario in the short market existing now, would neither be discouraged nor be encouraged by this budget.

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23 February 2017, 16:00 PM

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budget impact

sector impact

Leather Products

14:33 pm

Govt reduces excise duty on leather footwear to 6%

Bata India 503.30 -0.70
Relaxo Footwear 420.50 0.10
Mirza Intl 91.40 -1.80
Bhartiya Inter 466.70 -0.10

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Cigarettes

14:31 pm

Excise duty on cigarettes increased by 25% for sub-65 mm cigarettes

ITC 263.45 0.30
Godfrey Phillip 1032.25 -4.95
VST 2735.00 -18.40
Kothari Product 181.90 2.45

more

Transport & Logistics

14:01 pm

Service tax hike of 2.4% for non-economy class air travel

Interglobe Avi 844.85 3.30
Container Corp 1214.85 -9.80
Aegis Logistics 198.30 -5.50
Jet Airways 423.85 12.95

more

Computers - Software

13:57 pm

Fee for technical services rate reduced from 25% to 10%

TCS 2411.50 -53.85
Infosys 990.15 -23.45
HCL Tech 834.20 -17.10
Wipro 474.50 -1.30

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Telecommunications - Service

13:56 pm

Govt reduces royalty rates

Bharti Airtel 361.00 -1.85
Idea Cellular 112.60 4.25
Tata Comm 740.80 -9.80
Reliance Comm 35.75 0.40

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Media & Entertainment

13:54 pm

Entertainment sector removed from service tax negative list

Zee Entertain 516.15 -7.10
Sun TV Network 697.15 -5.70
Dish TV India 94.20 0.80
DB Corp 381.90 1.65

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Auto - LCVs & HCVs

13:47 pm

Import duty on vehicles with capacity more than 10 seats increased to 40% from 10%

Tata Motors (D) 283.05 3.95
Tata Motors 460.05 1.40
Eicher Motors 25070.30 -183.20
Ashok Leyland 92.50 -2.60

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Steel - Large

13:46 pm

Customs duty on bituminous coal reduced to 10% from 55%

Tata Steel 484.05 -6.90
JSW Steel 185.00 -1.95
SAIL 60.50 -1.75
Essar Steel 51.80 -5.30

more

Consumer Goods - Electronic

13:44 pm

Customs duty on LED, LCD panels made nil

Videocon Ind 103.95 0.25
Videocon Intl 84.25 -1.25
PG Electroplast 185.05 -7.95
BPL 62.60 -1.15

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