Financial Daily from THE HINDU group of publications
Wednesday, March 01, 2006
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Financial Daily from THE HINDU group of publications Wednesday, March 01, 2006 |
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OPINION FARM CREDIT Full credit on the farm front Bankers need not wear long faces over the Budget proposal to fix the price of short-term credit (up to three years) to farmers at 7 per cent on loans up to Rs 3 lakh as New Delhi could be taking the losses, if any. More EDITORIAL BACK TO POPULISM OF YORE A nation expecting a dramatic script for the economy in the new fiscal will feel a little let down by the Finance Minister's proposals and outlook. The Minister's speech was awash with the kind of rhetoric and populism that marked Budgets of yore ... More AUTOMOBILES 
Big bonanza for the small carOn fast track Small cars account for three out of four cars sold in the country The Swift and the Indica petrol version will not qualify for the benefit Input prices likely to soften on lower import duties on metals and plastics Co mponent manufacturers could benefit from higher offtake More BUDGET 
A difficult task well doneThe Budget, above all, is an exercise in brand-building, besides being an attempt at substantial changes in economic policy. The Finance Minister, Mr P. Chidambaram, has served both purposes well as also balanced his books and kept the growth impulse s alive, says S. VENKITARAMANAN. More
Not rocking the boat
CHEMICALS No major reaction The upside User industries of chemicals stand to gain Mixed bag for PVC manufacturers More ENGINEERING Gathering pace Order flows to continue Infrastructure spending to increase order flows for capital goods BHEL to benefit from ultra mega power projects Reduction in Customs duty could reduce input costs More PETROCHEMICALS 
Judicious tinkeringBalanced tinkering Integrated producers unlikely to be affected Drop in epichlorohydrin duties can affect TPL More POWER 
Wiring up the nationCharging up Section 80 (IA) benefit extended to 2010 Four ultra mega power projects to be awarded in 2006 Rural electrification targets increased Backward integration into coal mining could increase competitiveness More TAXATION Taxes not recovered crossed Rs 1,11,000 cr Hard fact The biggest source of revenue foregone for the Government however remained customs duty. More
TEXTILES 
A touch more than a stitch in timeA new spin Duty structure rationalised Lower input costs Higher allocation to TUFS More
PERSONAL PRODUCTS A few goodies for rural impetus, lower costs Cost cuts Input, packaging costs trimmed Excise cuts to boost foods, ice creams Rural impetus a big plus More CARS 
Excise duty cut, a boon for small carmakers — `Small cars' are Maruti 800, Wagon R, Zen, Alto, Hyundai Santro, Indica dieselThe beneficiaries Cars that would fall under the proposed definition include the Maruti 800, Wagon R, Zen, Alto, Hyundai Santro and the diesel variant of Tata Indica. Maruti's proposed Swift diesel, which will come with a 1.3 litre diesel engine later this year, is also likely to fall under this category. More AUTOMOBILE COMPONENTS 
No special drive: auto parts sector `There's further scope for reducing raw material duties to Asean levels' While welcoming the broad thrust given to the manufacturing sector, the Auto Components Manufacturers Association (ACMA) felt that the Finance Minister had stopped short of making any specific announcement to promote the automotive sector. The ... More HARDWARE A positive program Boost to PC usage Excise duty of 12% on computers Anomaly in duty structure removed Boost for domestic manufacturers More METALS Metals: Reflected lustre Duty cuts Import duty on primary and secondary non-ferrous metals cut from 10 to 7.5 per cent Restoration of 5 per cent duty on import of steel melting scrap Reduction of duties on ores and concentrates from 5 to 2 per cent More BANKING A draft of demands Checklist Boost to credit growth Government borrowing target modest Tax benefits for term deposits may not help growth More NBFCS NBFC granted audience INCOME TAX 
Sighs of relief and dropped jaws — The FM seems content more at not ruffling many feathersTasks left incomplete Tax evaders' citadels not touched. Studied silence on exempt-exempt-tax. Disappointment over standard deduction not staging a comeback. More
A liberal look to fringe benefit tax — FM has delivered what he had promised
Accent on digitisation — The income-tax offices will undergo business process re-engineering
How the tax breaks pan out
Tepid changes to corporate tax LETTERS Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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