BUDGET - GAINERS AND LOSERS

AGRICULTURE

ADVANTAGE

• To create a national agricultural market to boost farm productivity and farmers income
• To increase the target of agriculture credit by Rs 50,000 crore to Rs 8.5 lakh crore
• Allocated Rs.5,300 crore for micro-irrigation
• To allocate Rs 25,000 crore to the corpus of a Rural Infrastructure Development Fund set up Nabard also
• Exemption from service tax for pre-cooled storage structures for fruits and vegetables

Finolex, United Phosphorus, KSB Pumps, Advanta India, Monsanto, Bayer Crop, Rallis India, Jain Irrigation

PSU BANKS

NEUTRAL

• Allocated Rs.7,940 crore for capital infusion into state-owned banks v/s Rs.6,990 crore infused last year – much lower than expected
• To set up autonomous bank board bureau
• Govt aims for farm credit of Rs 8.5 lakh crore in FY16

SBI, BoB, BoI, UCO Bank, Vijaya Bank, Andhra Bank, IDBI, PNB, Canara Bank, UBI, CBI, Syndicate Bank

NBFCs

ADVANTAGE

• NBFCs registered with RBI with assets of 5 bln rupee and above will have access to recover debt under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI).
• This will empower banks to recover NPAs without court intervention

L&T Finance, Bajaj Finserv, Bajaj Holding, IIFL, Religare, Motilal, Shriram Transport Finance

INFRASTRUCTURE

ADVANTAGE

• Investment in infrastructure to go up Rs.70,000 crore in 2015-16
• Plans to set up National Investment Infrastructure Fund, allocation of Rs.20,000 in FY16
• Proposes tax-free infrastructure bonds for projects in roads, rail and irrigation projects

 L&T, Lanco Infra, GVK Power, GMR Infra, IRB Infra, Marg Construction, IVRCL Infra, HCC, Ramky Infra, KEC

ROAD PROJECTS

ADVANTAGE

• Sanction of 1 lakh km of roads;
• Roads outlay increased by Rs.14,031 crore

NHAI, C&C Constrcution, NCC, IRB Infra,

DEFENCE

 ADVANTAGE

• Defence allocation increases to Rs.2.4 lakh crore from Rs.2.22 lakh crore

BEL, BEML, Ashok Leyland, M&M, Astra Microwaves, L&T, Nelco

EDUCATION

ADVANTAGE

• To set up Educational Loan scheme for higher education
• Will soon be launching a new skill development mission
• to set up AIIMS this year in J&K, Punjab, Tamil Nadu, HP and Assam
• Apprentice training institute for women in Uttarakhand
• ISM Dhanbad to get IIT status
• New IIMs in J&K and AP
• As part of the movement towards GST, to subsume the Education Cess and the Secondary and Higher Education Cess in Central Excise duty. In effect, the general rate of Central Excise Duty of 12.36% including the cesses is being rounded off to 12.5

Educomp, Edserv, Everonn, NIIT

AUTO HCV/LCV

ADVANTAGE

• Govt to allocate Rs 75 crore for electric vehicles
• Import duty on vehicles with capacity more than 10 seats increased to 40% from 10%
• Customs duty on commercial vehicles increased to 40% from 10%
• Excise duty waived on electric & hybrid vehicles

Tata Motors, Ashok Leyland. Maruti Suzuki, M&M

COAL

 ADVANTAGE

• Cess on coal doubled to Rs.200/tonne
• Cess is collected as National Clean Energy Fund (NCEF) and is disbursed for renewable energy based initiatives and power projects.
• To fetch Rs 12,000 crore annually in the NCEF pool.

Coal India

TOBACCO

DISADVANTAGE

Hiked excise duty on cigarettes by 25% for cigarettes of length not exceeding 65 mm, and by 15% for cigarettes of other lengths.

 ITC, Godfrey Phillip, VST

PSU DIVESTMENT

NEUTRAL

• FY14 divestment target at Rs.40,000 crore and FY13 at Rs.24,000 crore

However, depends on global conditions and secondary market performance

SAIL, MMTC, Nalco, Neyveli, Hind Zinc, BHEL, RCF, EIL

POWER SECTOR

ADVANTAGE

• Govt to increase target of renewable power to 1,75,000 MW
• Govt will target to put up projects worth 60,000 MW under Wind Power
• To set up five UMPPs, each of 4000 MWs, to unlock investments worth Rs.1 lakh crore, all linkages to be put in place first

NTPC, PowerGrid, Reliance Power, Adani Power, GVK Power, NHPC

GOLD

ADVANTAGE

• To introduce gold monetisation scheme to allow depositors to earn interest
• To  introduce Indian made gold coin with Ashok Chakra to reduce demand for foreign gold coins and help recycle gold available in country

Rajesh Exports, PC Jewellers, TBZ, Thangamayil

NON RENEWABLE ENERGY

ADVANTAGE

• Renewable energy target increased to 1.75 lakh MW by 2022
• Rs.75 crore outlay for electric vehicle manufacturing

Suzlon, Swelect Energy

ENTERTAINMENT

ADVANTAGE

Entertainment sector removed from service tax negative list

Zee, SUN TV, Dish TV, DEN,

FMCG

ADVANTAGE

• Rs. 5,000 crore additional allocation for MGNREGA.
• To create a national agricultural market to boost farm productivity and farmers income
• To increase the target of agriculture credit by Rs 50,000 crore to Rs 8.5 lakh crore

HUL, Dabur, Godrej Consumer, Marico, P&G

LEATHER PRODUCTS

ADVANTAGE

• Govt reduces excise duty on leather footwear to 6%

Bata, Liberty, Relaxo

  SWACHCHA BHARAT

ADVANTAGE

• To build 6 crore toilets

Cera, Kajaria, Somany, HSIL

REAL ESTATE/CONSTRUCTION

ADVANTAGE

• To rationalise capital gains regime for REITs/InvITs
• Govt to see 6 crore units of rural & urban housing by 2022

DLF, HDIL, Prestige, Ashiana Housing, Ansal Prop