As for stock markets, not much can be expected too soon!
For textiles, one can wish and probabally blow away with the excise sops for imported machinery, downward revision of counterveiling duties, continuation of Textiles Upgradtion Fund, and offcourse, the yarn sector may finally see duties near to their expectations in terms of some real rationalization.
Handloom and handicrafts sector will see some positive repercussions of this Budget, as industry insiders are very hopeful.
A agri-friendly budget is for sure in the making as this large constituency will need more to keep the financial health of the country in the pink.
Oil sector reforms are on cards with oil bonds issued, that will hope for long-term changes for better.
Services on commission for engineering companies may send the industry's hope soaring.
Excise duty reduction on small cars may not get PC's approval this time.
All in all a healthy and balanced budget, a truly PC budget will come through this time.
marketing@alchempro.com
