The increase in MAT from 10% to 15% is expected to increase the tax liability of the companies and thereby decrease their net profit figures.
Reduction in customs duty on certain bulk drugs used in making life saving drugs to 5% is a positive for companies having product pipeline catering to these segments.
Allocation under APDRP which has been increased by a generous 160% YoY will benefit T&D companies.
No prior approvals required for setting up off site ATMs will enable banks speed up their franchise expansion.
Plans to cover long distance gas pipelines would mean increase in demand for steel pipes and tubes.
The abolition of FBT will help reduce the employee cost in electronic media companies who had witnessed escalating costs of late.
The downstream segment will enjoy greater visibility on excise duty as branded petrol and diesel will now attract specific duty.
Increase in tax exemptions for citizens would result in higher disposable income.
Extension of 2% interest subvention for textile sector will reduce the interest burden on the P&L of textile companies this fiscal.
Increase in disposable income is expected to result in increased spending on lifestyle products.
The higher outlay for the Commonwealth Games would aid the hotel sector in faster execution of the projects in the NCR region.
Increased allocation to NHAI would mean better road connectivity across the country, thus enhancing the trade flow.
Higher defence and agri credit allocation will encourage new vehicle buying which in turn will benefit the industry players.
Lower CVD on accessories, parts and components will help in keeping the cost of handsets low.
Reduction in excise duty on naphtha to lead to lower electricity costs for generation companies using this fuel as replacement for gas.
Exemptions on the personal income tax would increase the income in the hands of the consumers, thereby increasing spending.
The increased focus on infrastructure development and housing sector is expected to raise demand for cement,