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Highlights

Interest rate differential may attract more flows
Must boost domestic demand to withstand global slowdown
Slowdown in U.S will impact domestic export growth
Asian markets to see downtrend as U.S corrects
Negative global cues to drag down domestic markets
Auto: 3.8% Capital Goods: 2.96% Metals: 2.26 %
Heathcare: 4.9% Auto: 3.8% Oil & Gas: 3.37%
Dow Jones: -0.93% Nasdaq: -1.38% S&P 500: -1.66%
DAX: -0.85% CAC 40: -0.71% FTSE: -0.07%
Hang Seng: -4.41% Kospi: -1.49% Nikkei: -0.76%
Dividend distributed by holding companies to get set-off
Tech needs a boost in the light of U.S slowdown
No tax holiday extention is a negative
Spending boost in budget should result in higher volumes
Not expecting big EPS upgrades for auto
Impact: Positive Excise duty on small cars reduced to 12%
No clear direction for bank stocks till clarity on waiver
Banks to get reimbursed over 3 years
Rs 60000 cr loan waiver package for farmers
Revenue deficit to be eliminated within 1 year
Revenue deficit to be eliminated within 1 year
Deliberate decision to keep fiscal defecit below 2.5%
Budget should boost retail participation
Budget should boost retail participation
Budgets to have neutral impact on markets
Short-term capital gains tax rising to hamper liquidity
No change in rates Treated as expense Deduction allowed
No change in rates Treated as expense Deduction allowed
Rs 1.5-3 lakh @ 10% Rs 3-5 lakh @ 20% Rs 5lakh & above @ 30%
Impact: Positive Excise duty on small cars reduced to 12%
Impact: Negative No change in duty on ATF
Impact: Positive To raise education spend by 20%
Impact: Negative STT made tax deductible
Impact: Positive Select hospitals to get 5year tax holiday
Impact: Positive 2 to 4 star hotels to get 5 year tax holiday
Impact: Neutral Duty on Convergence products down to 5%
Impact: Neutral Customs duty on Set Top boxes reduced
Impact: Positive Customs duty reduced on life savings drugs
Impact: Negative No extension of tax holiday for STP/EOU
Impact: Negative Excise on packaged software up 4% to 12%
Impact: Negative Customised software to attract service tax
Impact: Negative Excise on packaged software up 4%
Impact: Neutral NCCD levy of 1% on mobile phones
Impact: Neutral No grant of industry status for IT purposes
Impact: Positive Excise duty on packing or printing cut to 4%
Impact: Positive Excise unchanged on cigarettes
Impact: Negative Bulk cement to attract 14% ad valorem excise
Impact: Negative IT exemption on lease rentals not introduced
Impact: Positive Excise duty on 2 and 3 wheeler reduced to 12%
Impact: Positive Excise duty on buses & chassis reduced to 12%

Statistics

AGRI CREDIT

Rs Cr

07-08

137760.00

06-07

203297.00

05-06

180486.00

FM for a Day

Here is your chance to play FM for a day. Send in Your Budget for 2008 in not more than 2000 words.

We will have a panel select the three best entries. These surfers will get a chance to write their opinion on P Chidambaram's Union Budget 2008 on NDTVProfit.com.

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Budget and You

Budget 2008 is being described as a tricky balance between politics and economics. Positive and growth oriented, dissappointing or a mixed bag- What do you have to say about P Chidambaram's budget ?

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