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INDEX
Agriculture
Govt plans to inject liquidity into banking system
Prompt payers may feel cheated: Experts
Hesitant repayment of debt of gratitude
Overdue focus on agriculture
A ‘sensitive’ Budget
Populism over prudence
Right stimulant
Airlines
Copter pilot training to cost less
Budget downer for aviation industry
Alliances & Joint Ventures
EBS, Hypersoft in pact
Asset Management Companies
Service tax net expanded
Automobile Components
Exide to go ahead with price hike
Automobiles
Excise duty on two-wheelers and small cars reduced
Excise on small cars, 2-wheelers slashed
Seeks to stimulate consumption
M&M to gain from higher farm credit
Happy… but want excise cut extended to big cars too
Tax sops on research to help, says SIAM
Disappointed on uniform excise
Positive move for technology
On par with global standards
Exide to go ahead with price hike
Hero Honda reduces prices
Small car, big incentives
Awards & Honours
Central Excise award for MRPL
Banking
Bank stocks recover post clarification
Bio-tech & Genetics
Pharma and biotech firms cheer tax deduction on outsourced R&D
Broadband
Boost for broadband services; wireless data card to be cheaper
Budget
Gem & jewellery industry rewarded
Budget lacks transparency: Dholakia
Closely watched
Liquidity would continue to chase stocks
No negative surprises – a big relief
Budget fails to cheer D-Street
FMCG stocks gain
Day-traders would be hit hard, say marketmen
Voices
‘Budget is disappointing’
Budget bonanza leaves out capital markets
Commodity trading to turn a costly affair
‘Commodity transaction tax to hit price discovery’
‘Focus is on agricultural growth’
Less-than friendly to commodity derivatives
Budget may boost irrigation demand
‘Treat poultry farming at par with agriculture’
Cardamom, pepper to benefit
Flowing benefits
Sugar, edible oil sectors feel let down by Budget
Mixed reactions from edible oil industry
Support to Central PSUs
Keeping inflation under check main task: Chidambaram
Loan waiver for small, marginal farmers
New institution to fund irrigation projects
Changes in slabs for personal income-tax
No change in peak rate of customs duty
‘Proof of more inclusive growth’
Gross budgetary support increased
More IITs in the offing
Fund for transmission and distribution reform
Micro, SMEs will continue to receive Govt support
Non-profit corporation for skill development
Excise duty on two-wheelers and small cars reduced
Service tax net expanded
Signing off with Nehru and Valluvar
Steps to expand market for corporate bonds
Fiscal position improves
Research & development get a fillip
Proposals to stimulate industrial growth
Four flagship programmes
‘Every Budget is election Budget’
The ‘lucky’ Finance Minister
Rescue package for national animal
‘Off-budget’ bonds beginning to exact toll
Govt plans to inject liquidity into banking system
New fund for power reforms, more ultra mega projects in the offing
Boost to corporate bond market
Kerala trade, industry welcome Budget
All smiles
TEA disappointed
`Growth with equity'
Sindhi Chamber welcomes CST cut
Mixed reaction from textile industry
Balanced approach, says Bangalore Chamber
Paper makers cheer reduction in duty
‘One step forward, two backward’
Nothing for exporters except sympathy: EEPC
Budget will boost growth of manufacturing sector: KCCI
‘Textile sector has been overlooked’
Rs 60,000-crore debt waiver for farmers; relief for income-tax payers
Stock markets not impressed
No curbs on iron ore export: Steel industry disappointed
Copter pilot training to cost less
Defence allocation proposed to be hiked by 10%
Ferro alloy units not excited over duty increase on chrome ore
There is no case for corporate tax rate cut, says Chidambaram
Direct taxes’ share of revenue kitty tops 50% for first time
Industry not excited over 5-year tax holiday for star hotels
Budget downer for aviation industry
Goodies galore; dilution of fiscal standards may prove costly
Customs duty on crude, unrefined sulphur reduced to 2%
Export duty on chrome ore hiked
Education sector, skills development get shot in the arm
‘Lack of specific allocation may lead to fund leakage’
New institutes welcome; concern over faculty shortage
Realty sector upbeat on I-T exemption
Mixed reaction to excise duty parity on cement
Power players optimistic about new T&D fund
Specific duties proposed on unbranded petrol, diesel
Most oil sector demands left unanswered
GVK lauds focus on power sector
Budget hikes excise duty on clinker
‘Welcome focus on social development’
Allocation for National Highways scheme up 19%
Hike in TUFS allocation
Coal watchdog on the anvil
‘Not much to cheer for’
Good for healthcare, pharmaceutical sectors
Healthcare delivery sector given a direction
Duty to benefit AIDS patients too
Duty cut welcomed
‘Life sciences sector to benefit’
‘Tax holiday will boost pvt healthcare’
‘Level-playing field’
Duty cut on six life-saving, bulk drugs
Healthy outlook for hospitals
Excise on small cars, 2-wheelers slashed
Hyundai, Maruti, GM to cut prices
Seeks to stimulate consumption
M&M to gain from higher farm credit
Major tyre producers start reducing prices
Happy… but want excise cut extended to big cars too
Tax sops on research to help, says SIAM
Disappointed on uniform excise
Positive move for technology
On par with global standards
Exide to go ahead with price hike
Hero Honda reduces prices
BCCT withdrawal: Good for planters
Insurers happy over higher cap on Sec 80D waiver
Loan waiver: Bankers await the fine print
Currency futures exchange welcomed
Prompt payers may feel cheated: Experts
No impact on product pricing
`On expected lines'
Consumer electronics overlooked
`Focus on tax compliance welcome'
PC turns Robin Hood
‘Review of tax slabs increases disposable incomes’
Have money, will spend
DTH set-top boxes may be no cheaper
Durables industry has little to cheer
Connectivity thrust
Widening the field
Opening the gates for irrigation
Small car, big incentives
Not a bad prescription
Shot in arm for healthcare
Taxing times for stock market
Tax blues for Tier-II players
Less outgo for parent companies
Opt for dividends
Consumption boost, but no market triggers
Headroom well used
Hesitant repayment of debt of gratitude
Budget illusions
Union budget for 2008-09 Populist but largely sane
Overdue focus on agriculture
A ‘sensitive’ Budget
Pandora’s Box opened
Walking a tightrope
Recurring social inclusion theme
Deft steering of fiscal ship
Populism over prudence
Right moves
Towards growth
Balancing economics and politics
Right stimulant
Not enough for infrastructure
An inclusive, Bharat budget
Exuding confidence
‘Coal regulator could be stumbling block’
Reverse mortgage needs clarity
Stitch in time?
Compounded disappointment
Bid to close teledensity gap
Relief for all taxpayers
IT gets a raw deal
Load on taxman eased
Middle-class bowled over
Lacking a cogent theme
DDT, STT: Marginal reprieve
Participation exemption welcome
Ancient wisdom for the Budget season
Fillip to faster, more inclusive growth
ULIP premiums may go up on service tax shift
‘More in the hands of consumers’
Rs 2,000-cr risk capital fund to boost SMEs
Loan waiver is win-win for all: S.K. Goel
Budget clarifies tax issues of reverse mortgage
Aggressive growth pace likely to continue
Generous on personal taxation front
Neutral to positive
Boost for broadband services; wireless data card to be cheaper
‘No major sops for telecom sector’
Silence on STPI leaves IT industry dismayed
`Not positive to IT industry'
Welcome move: Rs 20 cr for tea research
`IT also begets IT'
Plantation sector happy with allocations
Software piracy levels may go up
‘Loan waivers, a courageous move’
Need renewed focus on productivity, R&D
‘Budget for next general election, not next generation’
Spin-off effect likely from loan waiver
4 cr farmers to benefit from debt waiver scheme
For a drink of coconut water
Money for votes
An inclusive, election budget
More for the middle-class
Smokers may downgrade
etc
Cars
Hyundai, Maruti, GM to cut prices
Cartoon
etc
Cement
Mixed reaction to excise duty parity on cement
Budget hikes excise duty on clinker
Cigarettes
Smokers may downgrade
Coal
Coal watchdog on the anvil
‘Coal regulator could be stumbling block’
Commentary
Budget fails to cheer D-Street
Commodities
Sugar, edible oil sectors feel let down by Budget
Commodity Exchanges
Commodity trading to turn a costly affair
Pepper futures continue upward run
Commodity Markets
Commodity trading to turn a costly affair
‘Commodity transaction tax to hit price discovery’
‘Focus is on agricultural growth’
Less-than friendly to commodity derivatives
Consumer Electronics
No impact on product pricing
Consumer electronics overlooked
Durables industry has little to cheer
Corporate
There is no case for corporate tax rate cut, says Chidambaram
Corporate Bonds
Steps to expand market for corporate bonds
Boost to corporate bond market
Recurring social inclusion theme
Derivatives Markets
Currency futures exchange welcomed
Detaxfication
Ancient wisdom for the Budget season
Diversified
Taxing times for stock market
Dividend Announcement
Less outgo for parent companies
Economy
Budget lacks transparency: Dholakia
Keeping inflation under check main task: Chidambaram
‘Proof of more inclusive growth’
Gross budgetary support increased
Fiscal position improves
Third quarter GDP grows at 8.4%
`Growth with equity'
Direct taxes’ share of revenue kitty tops 50% for first time
Goodies galore; dilution of fiscal standards may prove costly
Walking a tightrope
Towards growth
Balancing economics and politics
Editorial
Headroom well used
Education
Bengal seeks information security course in IIITs
More IITs in the offing
Education sector, skills development get shot in the arm
‘Lack of specific allocation may lead to fund leakage’
New institutes welcome; concern over faculty shortage
An inclusive, Bharat budget
Engineering
Budget will boost growth of manufacturing sector: KCCI
Excise and Customs
Central Excise award for MRPL
No change in peak rate of customs duty
Customs duty on crude, unrefined sulphur reduced to 2%
Mixed reaction to excise duty parity on cement
Specific duties proposed on unbranded petrol, diesel
Budget hikes excise duty on clinker
Excise on small cars, 2-wheelers slashed
A ‘sensitive’ Budget
Exports & Imports
Nothing for exporters except sympathy: EEPC
No curbs on iron ore export: Steel industry disappointed
Goodies galore; dilution of fiscal standards may prove costly
Farm credit
Bank stocks recover post clarification
Loan waiver for small, marginal farmers
New institution to fund irrigation projects
Govt plans to inject liquidity into banking system
All smiles
Loan waiver: Bankers await the fine print
Prompt payers may feel cheated: Experts
Hesitant repayment of debt of gratitude
Loan waiver is win-win for all: S.K. Goel
‘Loan waivers, a courageous move’
‘Budget for next general election, not next generation’
Spin-off effect likely from loan waiver
4 cr farmers to benefit from debt waiver scheme
Fertilisers
Widening the field
Need renewed focus on productivity, R&D
Food & Dairy Products
For a drink of coconut water
Of Budget boost and breakfast cereals
Foreign Direct Investment
Private equity players eye real estate mart in Kolkata
Forex
Currency futures exchange welcomed
Forex reserves up by $1.75 b
Rupee drops 24 paise
Gems & Jewellery
Gem & jewellery industry rewarded
Gender
LIC to cover over 30 lakh women SHGs
General Insurance
Insurers happy over higher cap on Sec 80D waiver
Govt Bonds
‘Off-budget’ bonds beginning to exact toll
Bond prices up on borrowing
Hero Honda Motors Ltd
Hero Honda reduces prices
Hotels
Industry not excited over 5-year tax holiday for star hotels
Human Resources
IT companies put new campus recruits on bench
Non-profit corporation for skill development
Copter pilot training to cost less
Education sector, skills development get shot in the arm
Income Tax
Changes in slabs for personal income-tax
Realty sector upbeat on I-T exemption
Insurers happy over higher cap on Sec 80D waiver
Relief for all taxpayers
Middle-class bowled over
More for the middle-class
Industry Associations
Kerala trade, industry welcome Budget
Sindhi Chamber welcomes CST cut
Balanced approach, says Bangalore Chamber
Budget will boost growth of manufacturing sector: KCCI
Information Technology
Compounded disappointment
Infrastructure
CREDAI keen to build civil infrastructure
Opening the gates for irrigation
Not enough for infrastructure
Interview
There is no case for corporate tax rate cut, says Chidambaram
Knitwear & Hosiery
TEA disappointed
Letters
Budget illusions
Life Insurance
LIC to cover over 30 lakh women SHGs
ULIP premiums may go up on service tax shift
Maruti Udyog Ltd
Hyundai, Maruti, GM to cut prices
Medical Institutions & Hospitals
Healthcare delivery sector given a direction
‘Tax holiday will boost pvt healthcare’
Healthy outlook for hospitals
Mergers & Acquisitions
Orix-ILFS buys into Maithan Ispat
Minerals
Export duty on chrome ore hiked
Modernisation
Hike in TUFS allocation
Mortgage
Reverse mortgage needs clarity
Budget clarifies tax issues of reverse mortgage
Mutual Funds
Opt for dividends
New Projects
Ramco Systems to invest Rs 90 cr in Chennai centre
Oilseeds & Edible Oil
Mixed reactions from edible oil industry
Outlook
Virgin Group to launch new biz in ‘communications’
Outsourcing
‘Future is open source technology’
PSU
Support to Central PSUs
Paper, Board & Newsprint
Paper makers cheer reduction in duty
People
Signing off with Nehru and Valluvar
The ‘lucky’ Finance Minister
Personal Products
FMCG stocks gain
PC turns Robin Hood
‘Review of tax slabs increases disposable incomes’
Have money, will spend
Consumption boost, but no market triggers
Of Budget boost and breakfast cereals
Petroleum
Central Excise award for MRPL
Customs duty on crude, unrefined sulphur reduced to 2%
Specific duties proposed on unbranded petrol, diesel
Most oil sector demands left unanswered
Pharmaceuticals
Excise duty on two-wheelers and small cars reduced
‘Not much to cheer for’
Good for healthcare, pharmaceutical sectors
Pharma and biotech firms cheer tax deduction on outsourced R&D
Duty to benefit AIDS patients too
Duty cut welcomed
‘Life sciences sector to benefit’
‘Level-playing field’
Duty cut on six life-saving, bulk drugs
Not a bad prescription
Piracy
Software piracy levels may go up
Plantations
BCCT withdrawal: Good for planters
Plantation sector happy with allocations
Politics
‘One step forward, two backward’
‘Budget for next general election, not next generation’
Poultry
‘Treat poultry farming at par with agriculture’
Power
Fund for transmission and distribution reform
New fund for power reforms, more ultra mega projects in the offing
Power players optimistic about new T&D fund
GVK lauds focus on power sector
Radio/TV
DTH set-top boxes may be no cheaper
Real Estate & Construction
Private equity players eye real estate mart in Kolkata
CREDAI keen to build civil infrastructure
Realty sector upbeat on I-T exemption
Reverse mortgage needs clarity
Regulatory Bodies & Rulings
‘Coal regulator could be stumbling block’
Research & Development
Research & development get a fillip
Pharma and biotech firms cheer tax deduction on outsourced R&D
Welcome move: Rs 20 cr for tea research
Need renewed focus on productivity, R&D
Roadways
Allocation for National Highways scheme up 19%
Rubber
Spot rubber prices improve
Rural Development
Four flagship programmes
A ‘sensitive’ Budget
Walking a tightrope
An inclusive, Bharat budget
SSI
Micro, SMEs will continue to receive Govt support
Rs 2,000-cr risk capital fund to boost SMEs
Security
Bengal seeks information security course in IIITs
Defence allocation proposed to be hiked by 10%
Sensor
Budget fails to cheer D-Street
Short Term Instruments
Inter-bank call closes at 4-4.5%
Social Welfare
‘Welcome focus on social development’
Software
IT companies put new campus recruits on bench
EBS, Hypersoft in pact
‘Future is open source technology’
Ramco Systems to invest Rs 90 cr in Chennai centre
Service tax net expanded
Tax blues for Tier-II players
Spices & Condiments
Pepper futures continue upward run
Cardamom, pepper to benefit
Steel
Orix-ILFS buys into Maithan Ispat
No curbs on iron ore export: Steel industry disappointed
Ferro alloy units not excited over duty increase on chrome ore
Stock Markets
Closely watched
Liquidity would continue to chase stocks
Day-traders would be hit hard, say marketmen
Stock markets not impressed
Taxing times for stock market
Stocks
FMCG stocks gain
Bank stocks recover post clarification
Taxation
Day-traders would be hit hard, say marketmen
‘Budget is disappointing’
‘Commodity transaction tax to hit price discovery’
Research & development get a fillip
Sindhi Chamber welcomes CST cut
There is no case for corporate tax rate cut, says Chidambaram
Direct taxes’ share of revenue kitty tops 50% for first time
BCCT withdrawal: Good for planters
Deft steering of fiscal ship
Not enough for infrastructure
IT gets a raw deal
Load on taxman eased
Lacking a cogent theme
DDT, STT: Marginal reprieve
Participation exemption welcome
Ancient wisdom for the Budget season
ULIP premiums may go up on service tax shift
Tea
Record price for Karibetta Estate tea
Welcome move: Rs 20 cr for tea research
Technical Analysis
Bears prevail
Telecommunications
Virgin Group to launch new biz in ‘communications’
Bid to close teledensity gap
‘No major sops for telecom sector’
Textiles
Mixed reaction from textile industry
‘Textile sector has been overlooked’
Hike in TUFS allocation
Stitch in time?
Tourism
Research & development get a fillip
Tyres
Major tyre producers start reducing prices
Urban Development
Four flagship programmes
West Bengal
Bengal seeks information security course in IIITs
Private equity players eye real estate mart in Kolkata
Wildlife
Rescue package for national animal
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More for the middle-class
Nothing for exporters except sympathy: EEPC
Keeping inflation under check main task: Chidambaram
Specific duties proposed on unbranded petrol, diesel
Of Budget boost and breakfast cereals
‘Budget for next general election, not next generation’
ULIP premiums may go up on service tax shift
‘Textile sector has been overlooked’
Tax blues for Tier-II players
Liquidity would continue to chase stocks
4 cr farmers to benefit from debt waiver scheme
Loan waiver: Bankers await the fine print
Small car, big incentives
Money for votes
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Opening the gates for irrigation
Not a bad prescription
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Consumption boost, but no market triggers
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