Sector: Oil and Gas
Particulars: Tax Holiday for gas production
Current Status: There is 7 year tax holiday on oil production but there is no clarity on gas production
Proposed measures: 7 year tax exemption also given for the gas production
Impact (on sector & major stocks): Positive for Reliance Industries, ONGC and Cairn India.
Sector: Real Estate
Particulars: Interest deduction on housing loan
Current Status: Rs 1.5 Lakh
Proposed measures: Rs 2-2.5 Lakh
Impact (on sector & major stocks): Positive To stimulate demand from housing sector
Particulars: Concessional housing loan
Current Status: up to Rs 20 lakh
Proposed measures: up to Rs 30 lakh
Impact (on sector & major stocks): To stimulate demand from housing sector
Sector: Textile
Particulars: Repayment of term loans
Current Status: Currently moratorium is available for initial 1-2 years
Proposed measures: 2 year moratorium on repayment of term loans
Impact (on sector & major stocks): Companies with high debt like Alok Industries, Bombay Rayon Fashions, Vardhman Textiles, Welspun India would benefit
Particulars: Repricing of cotton
Current Status: Domestic prices higher than international prices
Proposed measures: Align domestic cotton price with international price
Impact (on sector & major stocks): Companies using cotton as raw material like Alok Industries, Bombay Rayon Fashions, Vardhman Textile, Welspun India would benefit
Particulars: Withdrawal of excise duty on manmade fibers
Current Status: 4%
Proposed measures: 0%
Impact (on sector & major stocks): Positive for most of the players in the manmade fiber segment
Particulars: Incentives to exporters
Current Status: 2%
Proposed measures: Align Restoration of 4% interest rate subsidy on bank loans of exporters
Impact (on sector & major stocks): Positive for exporters
Sector: Telecom
Particulars: License charges on revenue share basis
Current Status: There 10% of AGR adjusted gross revenue) in metros and A category circles, 8% of AGR in B category and 6% of AGR in C category circles.
Proposed measures: Single levy of 6% of AGR in all the circles.
Impact (on sector & major stocks): Bharti Airtel, Idea Cellular, Rcom, Spice Communications and MTNL
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