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Budget 2011 largely positive for FMCG cos: Religare Cap

The 2011–12 Budget was largely positive for most companies FMCG companies with peak excise duty remaining unchanged, only a marginal hike in MAT rate (from 18% to 18.5%), and an increase in tax exemption for individual taxpayers (raising disposable incomes), reports The Economic Times quoting Religare Capital Markets’ reports.

March 04, 2011 / 14:13 IST

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The 2011

first published: Mar 4, 2011 02:11 pm

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