Positives
* Excise duty to be reduced from 10% to 5% on parts of specified machinery
* Surcharge for companies cut to 5 per cent, from 7.5 per cent
* Citizens over 80 years to have exemption limit of Rs 5 lakh
* Special incentives for hybrid vehicle makers if manufacturing done in India to be positive for auto companies
* Crude palm used in sports exempted from customs duty to be positive for palm oil companies
* Duty reduced on hybrid & electric cars along with batteries imported for such vehicles
* Senior Citizen Age Limit reduced from 65 years to 60 years for Income Tax purposes
* The green orientation of the budget is a welcome positive
* Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent
* Direct investment in Indian Mutual Funds by any foreigner is a big move
* MFs allowed to raise money from foreign investors is pathbreaking
* Budget is positive for equity markets
* Lower fiscal deficit target is commendable
* No import duty on ship parts positive for SCI
* Tax exemption limit for senior citizens raised to Rs 2.5 lakh from 2.4 lakh
* Basic food and fuel and precious stones, gold and silver jewellery to be exempted from central excise duty
* Nominal 1 per cent central excise duty on 130 items entering the tax net
* LED to cost less
* Government has cut many import duties to check inflation
* No further rollback of 2008 stimulus
NEGATIVES
* AC restaurants serving liquor to come under service tax net
* Health Check-Ups in Private hospitals to become expensive
* EXPENSIVE: International Air Travel
* EXPENSIVE: Domestic Air Travel
* Tax on life insurance service providers could be negative for insurance companies
* Travel, Healthcare to become expensive due to increased service tax
* Lack of FDI in retail was a disappointment
* New service tax to hurt companies in hospitality
* Hike in export duty on Iron Ore is a negative
* Air travel to cost more
* Branded clothes may cost more
* Rise in MAT to hurt RIL, GVK Power, telcos
* FY 11 fiscal deficit above estimates, negative
* Divestment but no privatisation is timid
* Doubled anganwaadi wages with a check on absenteeism not good
* Excise duty to be reduced from 10% to 5% on parts of specified machinery
* Surcharge for companies cut to 5 per cent, from 7.5 per cent
* Citizens over 80 years to have exemption limit of Rs 5 lakh
* Special incentives for hybrid vehicle makers if manufacturing done in India to be positive for auto companies
* Crude palm used in sports exempted from customs duty to be positive for palm oil companies
* Duty reduced on hybrid & electric cars along with batteries imported for such vehicles
* Senior Citizen Age Limit reduced from 65 years to 60 years for Income Tax purposes
* The green orientation of the budget is a welcome positive
* Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent
* Direct investment in Indian Mutual Funds by any foreigner is a big move
* MFs allowed to raise money from foreign investors is pathbreaking
* Budget is positive for equity markets
* Lower fiscal deficit target is commendable
* No import duty on ship parts positive for SCI
* Tax exemption limit for senior citizens raised to Rs 2.5 lakh from 2.4 lakh
* Basic food and fuel and precious stones, gold and silver jewellery to be exempted from central excise duty
* Nominal 1 per cent central excise duty on 130 items entering the tax net
* LED to cost less
* Government has cut many import duties to check inflation
* No further rollback of 2008 stimulus
NEGATIVES
* AC restaurants serving liquor to come under service tax net
* Health Check-Ups in Private hospitals to become expensive
* EXPENSIVE: International Air Travel
* EXPENSIVE: Domestic Air Travel
* Tax on life insurance service providers could be negative for insurance companies
* Travel, Healthcare to become expensive due to increased service tax
* Lack of FDI in retail was a disappointment
* New service tax to hurt companies in hospitality
* Hike in export duty on Iron Ore is a negative
* Air travel to cost more
* Branded clothes may cost more
* Rise in MAT to hurt RIL, GVK Power, telcos
* FY 11 fiscal deficit above estimates, negative
* Divestment but no privatisation is timid
* Doubled anganwaadi wages with a check on absenteeism not good
