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Pharma sector be affected by increase in excise duty rates |
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Duty rate hikes to adversely affect common man |
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Excise hike on beedi, other tobacco products; positive for ITC |
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LNG exempt from customs duty; positive for GAIL and other gas dist cos, power cos and fert cos |
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Basic exemption limit for individuals increased; savings to the extent of Rs 22,000 on income on Rs 10 lakh |
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Introduction of negative service tax list to widen service tax net |
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STT reduced to 0.01%; positive for IIFL, JM, Edel, Motilal |
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Cascading effect of dividend distribution tax removed; to benefit Indian MNCs |
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Exemption limit for individuals increased by Rs 20,000 to Rs 2 lakh |
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GST network rollout from Aug 2012 positive for retail sector |
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