MAT extended for IT Companies now. Companies such as Infosys, TCS now have to pay more tax.
Dividend distribution tax increased to 15% (ONGC, NTPC are big dividend payers)
ESOPs brought under FBT starting April 2008
Nifty 50 is currently at 3825 (Down 68) while Sensex is at 13214 (down 264)
Add commentFebruary 28th, 2007
“Any thing can wait but not agriculture” - Union Finance Minister in his Union Budget 2007
Government Health and immunization programs gets boost in allotment. Allocations for AIDS control hiked.
Comment: Positive for Vaccine manufactures, Bio tech and pharma companies.
Government to fund IIPR Kanpur,
Special purpose tea fund to improve tea plantations.
Accelerated irrigation programs for faster completion of projects. Outlay increased for irrigation. Grant component for state governments increased.
Agreements with Andhra Pradesh for irrigation projects to be completed soon.
Stock watch: Nagarjuna Constructions trading positive on news of more allotments for infrastructure and housing.
Add commentFebruary 28th, 2007
Markets gains more points and are recovering the lost, thanks to the Union Budet.
Nifty 50 is at 3807 - Down by 86 pts
Sense at 13199 down by 289 pts
Add commentFebruary 28th, 2007
More allotments for Urban Employment programs. More funds for drinking water. Public Distribution System to go for computerization.
More allocations for programs of SCs and STs. SC and ST students doing MPhil and PhDs to be covered under Rajiv Gandhi Fellowship programs to get more funding.
Comment: More allotments to education sector to boost Education, Technology training, Paper and Stationary companies
Comment: More funding to irrigation sector to help stocks like IVRCL and other infrastructure stocks
Add commentFebruary 28th, 2007
FMCG biggy ITC is trading positive and is currently at 169.9 in the Sensex up by2.85%
Add commentFebruary 28th, 2007
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