1 / 20

POST-BUDGET 2010-11 Sectoral Impact

GUINESS SECURITIES LIMITED. POST-BUDGET 2010-11 Sectoral Impact. Budget In General.

karma
Download Presentation

POST-BUDGET 2010-11 Sectoral Impact

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. GUINESS SECURITIES LIMITED POST-BUDGET 2010-11 Sectoral Impact

  2. Budget In General • The Union Finance Minister delivered his budget along the expected lines giving effect to a partial roll back of the fiscal stimulus, reliefs on personal tax front, boost to education and healthcare sectors along with maintaining the thrust on infrastructure development. The problem of fiscal deficit has also been paid adequate attention. While fiscal deficit is estimated to be 6.9% of GDP in FY10, it is expected to come down to 5.5% and 4.8% of GDP in FY11 and FY12 respectively. The deficit during FY11 would work out to Rs.381,408cr and the government would need to borrow about Rs.345,010cr to fund expenses. • The Government hopes to implement direct tax code from April 2011 and the general sales tax in April 2011. Government will raise Rs.25,000cr from divestment of its stake in state-owned firms. The Kirit Parekh report on fuel price deregulation will be taken up by Petroleum Ministry in due course. • Government has decided to set up apex-level Financial Stability and Development Council. • Much to the delight of the common man, the Government has pruned the Personal income Tax Rates. The new rates would be the following: • Income up to Rs1.6 lakh — nil • Income above Rs1.6 lakh and up to Rs5 lakh — 10% • Income above Rs5 lakh and up to Rs8 lakh — 20% • Income above Rs8 lakh — 30% • Additional deduction of Rs20,000 allowed on investment in long-term infrastructure bonds for income-tax payers; this is over and above Rs1 lakh on savings instruments allowed already. • In its attempt toward rolling back the fiscal stimulus in an phased manner, the Government has increased excise duty and custom duty on certain products while keeping the service tax unchanged.

  3. Agriculture & Related Sectors POSITIVE

  4. Auto & Auto Ancillaries NEUTRAL

  5. Banking & Finance POSITIVE

  6. Consumer Durables POSITIVE

  7. Cement NEUTRAL

  8. FMCG & Food Processing POSITIVE

  9. Gems & Jewellery POSITIVE

  10. Hotels POSITIVE

  11. Infrastructure & Power POSITIVE

  12. IT & ITES NEUTRAL

  13. Oil & Gas, Refineries NEUTRAL

  14. Pharma & Healthcare POSITIVE

  15. Real Estate & Housing POSITIVE

  16. Retail POSITIVE

  17. Steel NEUTRAL

  18. Telecom NEUTRAL

  19. Textile POSITIVE

  20. We offer the following Services EQUITY TRADING DERIVATIVE TRADING COMMODITY TRADING DEMAT SERVICES MUTUAL FUND IPOS EQUITY RESEARCH PORTFOLIO MANAGEMENT SERVICES ONLINE TRADING AND LOTS MORE… SanjuktaMajumdar (Research Analyst) Pinaki Banerjee (Research Analyst) Email:sanjukta.majumdar@guinessonline.netEmail:pinaki.banerjee@guinessonline.net Disclaimer This Document has been prepared by the Research Team of Guiness securities Ltd. and it is only meant for the use of the recipients only. & It is strictly restricted for circulation without prior permission. Every care has been taken while preparing this document, however as the information contained herein is obtained from sources believed to be reliable hence we do not represent it, as accurate and it should not be relied upon as such. We do not take any responsibility for our research recommendation. Investors are advised to use their own judgment while taking any investment decision. Registered Office: Suite no. 5, Rizvi Nagar, S.V. Road, Milan Subway, Santacruz (West) Mumbai- 400 054. (w.e.f. 1st April 2009) Corporate Office: Guiness House. 18, Deshapriya Road, Kolkata-700 026. Ph: 91 3001-5555. Fax: 91 33 3001 5566. Email: research@guinessonline.net Website: www.16anna.com

More Related