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Friday, March 16, 2012

Union Budget 2012-13 Highlights|Stock Market Report Today

Union Budget Live Updates 16 March , Budget Expectations Reactions of General People,Union Budget Impact, Highlights of Union Budget 2012-2013 Its Effect on Share Market, Stock Analysis Tips and Report Today 16 March:-Indian equity markets lost significantly today ahead of union budget. Oil & Gas, Capital Goods, Metal and Power were the loosing sectors of today's trade. The Sensex closed at 17451 down 225 points and the Nifty closed at 5318 down 63 points. Let us see what changes has made in the budget and who get what from it.

Union Budget 2012-13 Highlights:-
  • Income tax exemption limit raised to Rs.2 lakh.
  • During FY 2012-13 defence to get Rs.1.93 lakh crore
  • Service tax rate raised to 12% from 10%.
  • There is no change in corporate taxes.
  • National Skill Development Fund get Rs.1,000 crore.
  • Cinema industry exempted from service tax
  • Branded silver jewellery fully exempt from excise duty.
  • Customs duty on equipment for railways reduced from 10% to 7.5%.
  • Coal exempt from custom duty for coal mining projects and Thermal power plants.
  • Allocation of Rs.200 crore for research on climate change.
  • Irrigation and water resource company to be operationalised.
  • Excise duty increased on large cars from 22% to 24%.
  • Positive news for Infra : tax free bonds from Rs.30,000 cr to Rs.60,000 cr
  • Positive news for Jet, Spicejet.
  • STT reduced by meagre 20% in delivery transactions.
  • Negative news for PSU banks.
  • Negative for Oil & Gas Sector
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