Friday, February 26, 2010

UNION BUDGET 2010-11

FM HAS EXERCISED MODERATION IN ROLLBACK OF STIMULUS
FY'11 DIVESTMENT TARGET AT RS.40,000 CRORE
PLAN OUTLAY FOR ENERGY SECTOR IN FY'11 ESTIMATED AT RS.1.46 LAKH CRORE
FY'11 CUSTOMS REVENUES ESTIMATED AT RS.1.15 LK CRORE
TO SPEND RS.1.16 LK CRORE IN FY'11 ON SUBSIDIES
FY'11 CORPORATE TAX REVENUE ESTIMATED AT RS.3.01 LK CRORE
FY'11 INCOME TAX REVENUE ESTIMATED AT RS.1.21 LK CRORE
FY'11 EXCISE REVENUE ESTIMATED AT RS.1.32 LK CRORE
FY'11 PETROLEUM SUBSIDIES ESTIMATED AT RS.3100 CR
TO SPEND RS.49980 CR ON FERTILISER SUBSIDY IN FY'11
FY'11 DIVESTMENT TARGET AT RS.40,000 CRORE
FY'11 DIVESTMENT TARGET AT RS.40,000 CR
NET REVENUE GAIN FROM TAX PROPOSALS AT RS.20500 CRORE
NET GAIN FROM INDIRECT TAX PROPOSALS SEEN AT RS.46,500 CRORE
DIRECT TAX PROPOSALS TO RESULT IN REVENUE LOSS OF RS.26000 CRORE
NEWS AGENCIES TO BE EXEMPT FROM SERVICE TAX
TO BRING SEVERAL SERVICES WITHIN THE PURVIEW OF SERVICE TAX
JEWELLERY STOCKS RISE AS GOVT RAISES DUTY ON GOLD, SILVER IMPORTS
GOVT TO KEEP SERVICE TAX UNCHANGED AT 10%
CUSTOMS DUTY ON KEY INPUTS FOR MICROWAVES CUT TO 5% VS 10%
EXCISE ON LOCALLY REFINED GOLD AT RS.280/GM
BASIC CUSTOMS DUTY ON GOLD ORE REDUCED
CUSTOMS DUTY ON SILVER AT RS.1500/KG
TO RAISE DUTY ON GOLD IMPORTS TO RS.300/10 GRAMS
TO RAISE DUTY ON GOLD AND SILVER IMPORTS
4% EXCISE DUTY IMPOSED ON ELECTRIC CARS AND VEHICLES
CUSTOMS DUTY RATIONALISED ON MUSIC, GAMING AND SOFTWARE
UNIFORM, CONCESSIONAL 5% DUTY ON ALL MEDICAL APPLIANCES
COMPOSTABLE POLYMER IMPORTS EXEMPT FROM BASIC CUSTOMS DUTY
TO GRANT PROJECT IMPORT STATUS FOR MONORAILS
CONCESSIONAL 5% CUSTOMS DUTY ON SET UP OF SOLAR POWER UNIT
EXCISE DUTY ON CFL HALVED TO 4%
IMPOSED 4% EXCISE DUTY ON ELECTRIC CARS AND VEHICLES
TO WAIVE EXCISE DUTY ON PHOTOVOLTAIC AND SOLAR PANELS
PARTS OF WIND ENERGY ROTORS EXEMPTED FROM CENTRAL EXCISE DUTY
TO LEVY CLEAN ENERGY CESS OF RS.50/TONNE ON COAL
WIND ROTORS EXEMPTED FROM CENTRAL EXCISE DUTY
SVC TAX EXEMPTION ON TRANSPORTATION OF PULSES AND CEREALS BY ROAD
EXCISE ON LARGE CARS, SUV AND MUV RAISED TO 22%
ROLLBACK IN EXCISE DUTY TO 10% VS 8%
CONCESSIONAL CUSTOMS DUTY OF 5% ON AGRI MACHINES
SERVICE TAX EXEMPTED ON TRANSPORTATION BY ROAD
OPPOSITION MEMBERS WALK OUT FROM THE PARLIAMENT
5% SERVICE TAX EXEMPTION FOR COLD STORAGE UNITS
TO PARTIALLY ROLL BACK CENTRAL EXCISE DUTY ON PETROL PDTS TO 10%
EXCISE DUTY ON ALL CIGARS AND CIGARETTES TO GO UP
CENTRAL EXCISE DUTY ON PETROL AND DIESEL RAISED BY RS.1/LITRE
RAISED EXCISE DUTY ON ALL NON SMOKING TOBACCO
TO RESTORE 7.5% DUTY ON PETROL AND DIESEL
TO RESTORE 5% DUTY ON CRUDE PETROLEUM
CENTRAL EXCISE DUTY ON PETROL AND DIESEL RAISED TO RS.1/LITRE
GOVT ANNOUNCES PARTIAL ROLLBACK IN EXCISE DUTY
EXCISE ON LARGE CARS, SUV AND MUV RAISED TO 22%
ROLLBACK IN EXCISE DUTY TO 10% VS 8%
MAT TO BE RAISED TO 18% VS 15%
PRESUMPTIVE TAX LIMIT RAISED TO RS.60 LAKH
NO TAX ON INCOME UPTO RS.1.6 LAKH
INVESTMENT LINKED DEDUCTION BENEFIT FOR 2 STAR HOTELS
TO REDUCE CURRENT SURCHARGE ON COMPANIES TO 7.5% FROM 10%
WEIGHTED DEDUCTION ON R&D RAISED TO 200% VS 150%
TO REDUCE CURRENT SURCHARGE ON COMPANIES TO 7.5%
30% TAX SLAB ON INCOME OF RS.8 LAKH AND ABOVE
MAT TO BE RAISED TO 18% VS 15%
10% TAX SLAB ON INCOME BETWEEN RS.1.6 - RS.5 LAKH
TAX SLAB OF 20% FOR INCOME BETWEEN RS.5-8 LAKH
DEDUCTION OF RS.20K TOWARDS INVESTMENT IN INFRA BONDS
NO TAX ON INCOME UPTO RS.1.6 LAKH
10% TAX SLAB ON INCOME BETWEEN RS.1.6 - RS.5 LAKH
TO BROADEN CURRENT TAX SLABS
IT DEPT TO NOTIFY SARAL 2 FORM FOR INDIVIDUALS
BORROWING PLAN TO BE DECIDED IN CONSULTATION WITH RBI
GOVT TO BRING SUBSIDY RELATED LIABILITY INTO FISCAL ACCOUNTING
FY'11 NET MARKET BORROWING PEGGED AT RS.3.45 LAKH CRORE
FY'11 BUDGET DEFICIT SEEN AT 5.5% OF GDP: PRANAB MUKHERJEE
BUDGET DEFICIT IN FY'10 ESTIMATED AT 6.9% OF GDP
GOVT TO EXTEND CASH SUBSIDY AND NOT ISSUE OIL BONDS
FY'12 FISCAL DEFICIT SEEN AT 4.8%; FY'13 FISCAL DEFICIT TARGET AT 4.1%
FISCAL DEFICIT TARGET AT 5.5% FOR FY'11
EXPENDITURE (PLAN AND NON-PLANNED) FOR FY'11 AT RS.11.9 LKH CR
GROSS TAX RECEIPTS SEEN AT RS.7.46 LAKH CRORE IN FY'11
DEFENCE CAPEX RAISED TO RS.60,000 CRORE IN FY'11
ALLOCATION FOR DEFENSE RAISED TO RS.1.47 LAKH CRORE
ALLOCATION OF RS.1900 CRORE FOR UID PROJECT IN FY'11
UID AUTHORITY TO ROLL OUT 1ST SET OF ID CARDS BY END OF THIS YEAR
HOME LOANS UPTO RS.10 LAKH TO GET 1% INTEREST SUBVENTION UPTO MAR'11
UNORGANISED WORKERS INCLUDE WEAVERS, RICKSHAW PULLERS
GOVT TO SET UP SOCIAL SECURITY FUND FOR UNORGANISED WORKERS
SOCIAL SECURITY FUND TO HAVE A CORPUS OF OVER RS.1000 CRORE
GOVT TO SET UP SOCIAL SECURITY FUND FOR UNORGANISED WORKERS
HOME LOANS UPTO RS.20 LAKH TO GET 1% INTEREST SUBVENTION UPTO MAR'11
ALLOCATION FOR RAJIV AWAAS YOJANA RAISED TO RS.1270 CRORE IN FY'11
TO ALLOCATE RS.10000 CRORE FOR THE INDIRA AWAS YOJANA
ALLOCATION TO NREGA RAISED TO RS.41000 CR IN FY'11
TO ALLOCATE RS.48000 CRORE FOR BHARAT NIRMAN IN FY'11
TO INCREASE PLAN ALLOCATION FOR SCHOOL EDUCATION TO RS.31600 CRORE
SOCIAL SECTOR SPENDING IN FY'11 SEEN AT RS.1.38 LAKH CRORE
GOVT TO ROLLOUT GST AND DIRECT TAX CODE BY APRIL 1, 2011
TO PROVIDE RS.1.73 LAKH CRORE (46% OF PLAN ALLOCATION) FOR INFRA
TO EXTEND INTEREST SUBVENTION FOR HOUSING LOANS UPTO RS. 20 LAKH
GOVT TO ROLLOUT GST AND DIRECT TAX CODE BY APRIL 1, 2011
HAVE PROVIDED RS.1200 CR ASSISTANCE FOR DROUGHT IN BUNDELKHAND
TO ALLOCATE RS.48000 CRORE FOR BHARAT NIRMAN IN FY'11
SOCIAL SECTOR SPENDING IN FY'11 SEEN AT RS.1.38 LAKH CRORE
ALLOCATION TO NREGA RAISED TO RS.41000 CR IN FY'11
GOVT TO PROVIDE RS.66100 CRORE FOR RURAL DEVELOPMENT IN FY'11
TO ALLOCATE RS.22300 CRORE TO HEALTH MINISTRY IN FY'11
TO INCREASE PLAN ALLOCATION FOR SCHOOL EDUCATION TO RS.31600 CRORE
SOCIAL SECTOR SPENDING IN FY'11 SEEN AT RS.1.38 LAKH CRORE
25% OF PLAN ALLOCATION TO BE GIVEN FOR DEVELOPMENT OF RURAL INFRA
GOVT READY WITH THE DRAFT FOOD SECURITY BILL
TO PROVIDE 1 TIME GRANT TO TAMIL NADU GOVT FOR TIRUPUR EXPORTS
TO ESTABLISH NATIONAL CLEAN ENERGY FUND FOR INNOVATIVE PROJECTS
PLAN OUTLAY FOR RENEWABLE ENERGY RAISED TO RS.1000 CR VS RS.600 CR
COAL REGULATORY AUTHORITY TO CREATE LEVEL PLAYING FIELD IN COAL SECTOR
IIFCL DISBURSEMENTS AT RS.9000 CRORE BY MARCH 2010
IIFCL DISBURSEMENTS SEEN AT RS.20000 CRORE BY MARCH 2011
TO INTRODUCE COMPETITIVE BIDDING FOR COAL BLOCKS FOR CAPTIVE MINING
ALLOCATION TO POWER SECTOR AT RS.5130 CRORE IN FY'11
IIFCL TO DOUBLE REFINANCING TO BANKS FOR INFRA SECTOR IN FY'11
IIFCL DISBURSEMENTS SEEN AT RS.20000 CRORE BY MARCH 2011
ALLOCATION TO ROAD INFRA RAISED TO RS.19894 CRORE
IIFCL DISBURSEMENTS AT RS.9000 CRORE BY MARCH 2010
ALLOCATION TO ROAD INFRA RAISED TO RS. 19894 CRORE
TO PROVIDE RS.1.73 LAKH CRORE (46% OF PLAN ALLOCATION) FOR INFRA
CROP LOAN INTEREST SUBVENTION FOR TIMELY REPAYMENT RAISED TO 2%
FARM LOAN REPAYMENT PERIOD EXTENDED TO JUNE 30, 2010
EFFECTIVE INTEREST RATE FOR TIMELY PAYMENT NOW AT 5% FOR FARMERS
PERIOD OF REPAYMENT TO BE EXTENDED TO JUNE 30, 2010 FOR AGRI LOAN WAIVER
PERIOD OF REPAYMENT TO BE EXTENDED TO JUNE 30, 2010 FOR AGRI WAIVER
FARM CREDIT TARGET RAISED TO RS.3.75 LAKH CRORE FOR FY'11
GOVT TO GIVE RS.300 CRORE FOR RASHTRIYA KRISHI VIKAS YOJANA
GOVT TO TAKE A FIRM VIEW ON OPENING UP RETAIL TRADE
GOVT TO GIVE RS.200 CRORE TO LAUNCH CLIMATE RESILIENT AGRI INITIATIVES
FOUR PRONGED STRATEGY TO ENSURE GROWTH IN FARM SECTOR
TO PROVIDE RS.400 CRORE TO BOOST FARM OUTPUT IN EASTERN INDIA
ADDITIONAL SUM OF RS.16500 CRORE FOR FY'11 FOR BANK RECAPITALISATION
GOVT TO EXTEND INT SUBVENTION OF 2% ON PRE AND POST SHIPMENT CREDIT
GOVT TO PROVIDE FURTHER CAPITAL TO STRENGTHEN RURAL BANKS
ADDITIONAL SUM OF RS.16500 CRORE FOR FY'11 FOR BANK RECAPITALISATION
GOVT TO ROLLOUT GST AND DIRECT TAX CODE BY APRIL 1, 2011
ADDITIONAL SUM OF RS.16500 CRORE FOR FY'11 FOR BANK RECAPITALISTION
RBI CONSIDERING ADDITION BANKING LICENSES TO PRIVATE PLAYERS
COUNCIL FOR MACRO SUPERVISION OF LARGE CONGLOMERATES AND ECONOMY
GOVT TO CONSOLIDATE FDI GUIDELINES INTO A SINGLE DOCUMENT
GOVT INTENDS TO MAKE FDI MORE USER FRIENDLY
OWNERSHIP AND CONTROL BEING RECOGNISED A CENTRAL TO FDI POLICY
APRIL-DEC FDI INFLOWS AT $20.9 BILLION
FDI FLOWS DURING FY'10 HAVE BEEN STEADY
OIL MIN TO TAKE DECISION ON KIRIT PARIKH REPORT IN DUE COURSE
NUTRIENT BASED FERTILISER PRICES FOR FY'11 TO BE AROUND CURRENT MRP
DIVESTMENT PROCEEDS BUDGETED HIGHER IN FY'11 VS FY'10
NMDC, SVJN STAKE SALE TO FETCH RS.25000 CRORE IN FY'10
NEED TO REVIEW THE STIMULUS AND MOVE TOWARDS FISCAL CONSOLIDATION
GOVT TO ROLLOUT GST AND DIRECT TAX CODE BY APRIL 1, 2011
DIRECT TAX CODE LIKELY TO BE IN PLACE FROM APRIL 2011
Source: www.bseindia.com

Intraday Trading Calls for 26th February

Indian Stock Market may open flat to positive and remains highly volatile for the day today. As there is union budget today.
Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

IDFC

Buy Above

153.00

157.20

161.00

Sell Below

151.35

148.45

145.00

APTECH LTD.

Buy Above

165.05

170.55

176.00

Sell Below

162.15

158.10

154.00

CEAT LTD.

Buy Above

134.70

138.65

142.00

Sell Below

132.55

129.20

126.00

ATLANTA

Buy Above

180.00

186.55

192.00

Sell Below

177.05

172.40

168.00

GODREJ INDUSTRIES

Buy Above

153.10

158.70

164.00

Sell Below

150.00

147.10

143.00

ASHOK LEYLAND

Buy Above

47.20

48.75

52.00

Sell Below

46.05

44.50

43.00

ESCORTS LTD.

Buy Above

128.20

132.60

137.00

Sell Below

126.40

123.15

120.00

GOOD LUCK

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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