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Budget 2010-11

Healthcare sector upset over neglect in Budget

by free stock tips on March 1, 2010

in Budget

India’s health industry, now increasingly dependent on the private sector, is unable to provide modern health facilities to more than 60% of the country’s population, according to industry estimates The Union budget for fiscal 2011 has done little to attract investment in healthcare or improve the access and affordability of modern health services, key private [...]

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FM fulfils Tirupur textile hubs wish

by free stock tips on February 27, 2010

in Budget

The biggest textile cluster in India, Tirupur has reasons to be elated as their prayers have been answered. The government today proposed a one-time grant of Rs 200 crore for setting up effluent treatment plant in Tirupur. Finance Minister Pranab Mukherjee has allocated a one-time grant of Rs 200 crore to the government of Tamil [...]

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FM resurrects Anil Ambani’s banking foray dream

by free stock tips Budget

Finance Minister Pranab Mukherjee’s Budget speech on Friday brought closer to reality, billionaire industrialist Anil Ambani’s dream of entering the banking sector. In his speech, Mukherjee announced that the RBI was considering to give banking licences to some private sector players and “Non Banking Financial Companies could also be considered, if they meet the RBI’s [...]

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Oil & gas: Budget 2010 low on reforms, high on tax

by free stock tips Budget

Budget 2010 may not go down too well with the oil and gas sector. Finance Minister Pranab Mukherjee says the government will continue with its current practice of paying out oil subsidy in cash. The won’t go well with the industry, which expected a clear subsidy-sharing mechanism of cash subsidy/oil bonds and clarity on tax [...]

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Budget 2010 :Benefit to Stocks/sectors you should bet on post Budget

by free stock tips Budget

Finance Minister Pranab Mukherjee on Friday came out with a Budget that could be described as a fine balancing act. While a lower fiscal deficit in the financial year ahead, resulting in a lower government borrowing, soothed the stock market’s nerves, an overhauled personal tax structure provides relief to individual taxpayers. Not surprisingly, stock markets gave [...]

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Sensex cheers Union Budget 2010; auto, metals, banks lead

by free stock tips Nifty

The benchmark Sensex salutes Union Budget 2010 unveiled by Finance Minister Pranab Mukherjee and rallied over 400 points during the day. Experts say it was a effect of short covering and positive reaction to budget. Technical Analyst, Ashwani Gujral said it’s just a short covering, so those who are long should exit. However, he feels [...]

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Budget 2010 : What’s cheaper/costlier after India Budget

by free stock tips Budget

Expense: Cars Verdict: Costlier Will this one temper the mood of India’s sizzling-hot auto market? Looking at the cars queued up to launch here, it doesn’t look like. Why: Peak excise duty increased. Ad valorem component of excise duty on large cars, multi-utility vehicles is being increased by 2% points to 22%. Expense: Medical equipments [...]

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Union Budget 2010-11: Highlights

by free stock tips Budget

Union Finance Minister Pranab Mukherjee began presenting the Union Budget 2010-11 in the Lok Sabha today at 11 am. Here are the key highlights of the Budget: Business sentiment weak at the time of last Budget Averted crisis, Indian economy far better situation Southwest monsoon undermined kharif crop Short-term global outlook bleak during FY10 Budget [...]

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Air transport: Aviation Turbine Fuel (ATF) should be in ‘declared goods’

by free stock tips Budget

Sector seeks declared goods status for ATF and withdrawal of service tax on first class and business class air tickets. Over the last few months, the airline sector has been flying high. The airline companies are reporting good passenger numbers and the aviation turbine fuel (ATF) prices have been at manageable levels. Thanks to improvement [...]

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Budget rants of a young Indian!

by free stock tips Budget

Rahul, a 23-something youngster from Chennai, voices his thoughts on the Budget and its implications for him. Given below is a light-hearted narrative of his thoughts: It is that time of the year again. What time, you ask? No, I do not refer to the heat wave waiting to happen, but rather to the only [...]

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