Feb 28, 2013, 09.09 PM IST
Finance Minister's announcement to reintroduce 'generation-based incentive' for wind energy projects is a welcome move for the industry.
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Budget Reactions: Generation based incentive positive for wind sector: Ushdev
Finance Minister's announcement to reintroduce 'generation-based incentive' for wind energy projects is a welcome move for the industry.
Like this story, share it with millions of investors on M3
Budget Reactions: Generation based incentive positive for wind sector: Ushdev
Finance Minister's announcement to reintroduce 'generation-based incentive' for wind energy projects is a welcome move for the industry.
Ushdev International
"Finance Minister's announcement to reintroduce 'generation-based incentive' for wind energy projects is a welcome move for the industry. Also the announcement to provide low interest bearing funds from the National Clean Energy Fund (NCEF) is a good initiative. The scheme, which is for 5 years, will boost investment in the sector and we will see more renewable projects in coming period. Consumers too would be benefited thanks to low cost of finance. However, Channelizing only through IREDA appears restrictive. Allowing all major banks and financial institutions to use this fund would be more beneficial to the industry."
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highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Increase excise duty on SUV's from 27% to 30%
- No change in standard rate of excise duty, service tax
flashes
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
- Budget Reaction: Fitch Says Commitment To Fisc Cons, Despite Poll, Encouraging
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Retired Person
REACTIONS
reaction on: Business
Anirudh Dhoot
President- CEAMA & Director | Videocon
reaction on: Markets
Dipen Shah
Head of PCG(Private Client Group) Research | Kotak Securities
reaction on: Markets
R Venkataraman
Managing Director | India Infoline
reaction on: People
Marzin R Shroff
CEO - Direct Sales & Sr VP- Marketing | Eureka Forbes
reaction on: Business
George Alexander
MD | Muthoot Fin
What got Cheaper / costlier?
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