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Finance - General:Budget Impact STT reduced to 0.01% +ve IIFL, JM Financia, Edelweiss Cap, Motilal |
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Cigarettes:Excise hike on Beedi, Other Tobacco products positive for ITC |
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Power - Generation/Distribution:LNG Exempt from customs positive Power |
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Oil Drilling And Exploration:LNG exempt from customs positive GAIL, Gas distribution |
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Mining/Minerals:Iron ore projects exempted from basic customs duty |
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Textiles - Readymade Apparels:Excise duty on readymade Garments further reduced |
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Textiles - Denim:Automated shuttle looms exempted from customs duty |
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Auto - Cars & Jeeps:Excise duty on large cars Increased from 22% to 24% |
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Power - Generation/Distribution:Additional depreciation of 20% for power sector companies |
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Fertilisers:Deduction for CAPEX enhanced to 150% for Fertilizer Sector |
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