AUTO

Union Budget 2011: Car prices to remain unchanged

It's right time to buy a new car as the prices will remain unchanged with the Budget keeping the
excise duty on automobiles intact.

 Budget 2011 impact on auto sector: Angel Broking

 Govt incentivises electric, hybrid vehicles
 Budget 2011: Electric vehicles get a push
 Budget: Car companies split over import duty

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Consumer Products
Budget 2011: What it means for India Inc
While the finance minister is taking steps to bring in more goods and services in the tax net, he
continues to pander to pressure groups. He needs to develop a systematic approach to tariffs.

 Budget 2011: Excise duty on cigarettes unchanged

 Prices of branded apparel may go up
 Dairy industry hails Pranab's budget
 Parallel excise duty exemption to match CVD exemption welcomed

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SMB
MSME's disappointed with Union Budget 2011-12
Anil Gupta, President IIA, said that MSMEs are providing livelihood to more than 35 crore
people in India but the FM have almost neglected this sector.


Rs 5000 cr booster for micro, small units
 Rs 5,000 crore to SIDBI insufficient
 SMEs want govt to continue with stimulus package
 New initiatives for MSME sector soon: President

Retailers disappointed with no mention of

FDI in retail
They, however, feel steps taken to boost agriculture in terms of providing subsidies to framers is
a step in that direction.

 IIM-C gets Rs 20 cr for finance research

 'Service tax proposal on hotels, restaurants setback'
  Education gets 24% hike in budget allocation
 100% hike in Anganwadi workers' wages

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Media & Entertainment

Relief for cinema industry as film rolls gets duty rebate
FM sought to give relief to film industry by proposing to exempt some basic raw material that
has to be imported from payment of excise duties.

 Budget 2011: Prasar Bharti's budget decreased

 Media cos seek higher FDI, lower taxes to aid growth
 Future of entertainment: Web Integration with TV
 BCCL forms JV for TV channels distribution

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Telecom
FM announces ambitious rural broadband initiative
The allocation is not clear, with reports stating that Mukherjee will be providing Rs 10,000 crore
to enhance data connectivity to rural India.

 Telecom sector revenue at Rs 29,648.33 cr

 Telecom cos disappointed at 'discouraging' budget
 3G, broadband wireless access frontiers for growth
 Telecom revolution yet to reach over 62,000 villages

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Transport
Airlines to pass on service tax increase
Passengers will have to spend Rs 50 more for domestic travel and additional Rs 250 for the
international travel.

 Budgetary allocation for defence up 12%

 Air India to get Rs 1,200 cr fresh equity
 Northeast to get Rs 93 cr for airport development
 Cos cheer Mamta's decision not to hike freight rates
 Ind'l Goods
Cement makers to hike price by Rs 5 per 50 kg bag
In the Union Budget for 2011-12, the finance minister proposed 10% ad valorem duty and Rs 80
per tonne for cement with retail price of up to Rs 190 per 50-kg bag.

 Orissa govt welcomes hike in export duty on iron ore

 Duty cut on inputs only relief for cement cos
 Steel cos cheer iron ore export tax, infra spend
 Budget brings mixed bag for cement cos

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Healthcare
Patients will now have to pay more for treatment
Patients will now have to pay more for treatment in big private hospitals and getting their
medical tests done in diagnostic centres.

 Healthcare budget a put off, says private hospitals

 Healthcare industry fumes over service tax proposal
 Budget 2011: Medical bills to rise 5%
 Budget impact on pharma sector: Angel Broking

Energy
OMCs may raise petrol prices by up to Rs 4 a litre
State-run oil firms may raise petrol prices by up to Rs 4 a litre this week to offset rising crude oil
costs as the Budget has ignored their demand to cut duties.

 Prices of LED lights to fall by 10-12%

 Power equipment cos to benefit from govt's move
 Tax sops to only those blocks awarded by Mar 31
 Tax holiday for power sector exended by one year

Banking
SBI gets right to reduce stake in subsidiaries
The govt will give SBI the freedom to reduce its stake in its subsidiaries to 51% through a bill
proposed to be introduced in parliament.

 Microfinance cos may see better fund flow

 PSU banks to get capital support of Rs 6,000 cr
  India banks on IT to reboot key projects
 RBI to issue guidelines on new banking licences