The document provides a sector-wise analysis of the impact of proposals in the Indian Union Budget for 2010-2011 across various industries. Key proposals included an increase in excise duty on various goods and services from 8% to 10%, higher allocation for infrastructure development, and an increase in the minimum alternate tax rate from 15% to 18%. The analysis suggests that while some sectors like cement and banking may face cost pressures, sectors like capital goods and power would benefit from increased infrastructure spending. Overall the budget aims to boost rural income and development while partially increasing costs for consumers and companies.
The document discusses policy announcements and proposals in India's Union Budget 2012-13 related to the oil, gas, and power sectors. Key points include:
- Viability gap funding was extended to oil and gas storage and pipeline projects. Tax holidays for power generation were also extended.
- Reactions from industry experts were mixed, with some seeing positive moves like LNG tax exemptions but others disappointed by a lack of bold reforms to subsidies.
- The budget failed to significantly reduce expectations for rising subsidy bills or deregulate fuel prices, ignoring important issues for the oil and gas industry.
The budget is oriented towards economic growth and revival. Key points include an increase in the general excise duty and excise on non-smoking tobacco. The MAT rate has been increased to 18% from 15% previously. Deductions for R&D have been increased to 200% from 150%. Diesel and petrol prices are set to rise. The rollout of GST and the direct tax code is planned for April 1, 2011.
The Union Budget for 2011-12 had mixed impacts across various sectors:
- Infrastructure allocation increased substantially while real estate saw some positive measures for affordable housing.
- The IT industry was negatively impacted by an increased MAT rate and its application to SEZ units.
- Steel saw higher export duties as a boost while oil and gas faced no tax reliefs.
- Textiles, fertilizers, and banking received support but aviation and healthcare saw some cost increases.
The 2019 general budget did not include any major announcements to boost economic growth as expected. The government plans to reduce the fiscal deficit to 3% of GDP by 2021-2022 to strengthen the economy. The finance minister also proposed raising external sovereign debt denominated in foreign currencies to diversify debt and lower borrowing costs for companies. Infrastructure investment was emphasized to reach the $5 trillion GDP goal over the next five years. Overall the budget focused on fiscal prudence and continued existing economic measures rather than new initiatives.
Bnp paribas india diversified financials-e rr group- powf &Atul Tandon
The document discusses the outlook for Rural Electrification Corporation (RECL) and Power Finance Corporation (POWF) in India. It finds that their stock prices have outperformed benchmarks recently due to depressed valuations, earnings growth, and government reforms in the power sector. The analyst increases target prices for both stocks by 15-17% to reflect higher earnings estimates as power sector fundamentals are expected to improve with measures to ensure fuel supply and increase electricity tariffs. Key risks are insufficient fuel supply and higher distribution losses negating tariff hikes. The summary provides an overview of the document's analysis and conclusions about the two companies.
Power distribution tariff in india 2016 discom wise and consumer wise compre...Sakshi Saini
By meticulously examining the regulation, the latest trends governing the key fuel resources and deeply analysing the possible impacts on all the stakeholders, enincon llp attempts to blend the factual power tariff data and present a dossier which would enable clients with reliable insights and better understanding of the power tariff dynamics in the country.
This document provides an overview and highlights of key aspects of the India Budget for 2015-16. It outlines sources of government revenue such as taxes, borrowings, and other receipts. It also shows how the budget is allocated across central government plans and expenditures. The highlights section summarizes new initiatives related to taxation, agriculture, infrastructure, education, defense, welfare schemes, renewable energy, tourism, gold, and other points. The budget aims to achieve Vision 2022 for India and support various sectors through new programs and policies.
VIETNAM – SOLAR POWER – LATEST NEWS ON FEED IN TARIFF AND FIT-ELIGIBILITY – W...Dr. Oliver Massmann
The document summarizes the latest information on Vietnam's solar power feed-in tariff (FiT2) program:
1. The Ministry of Industry and Trade (MOIT) has submitted a draft decision to the Prime Minister outlining the FiT2 eligibility and pricing. Only 7 existing solar power projects totaling 320 MW would qualify for FiT2 based on being "under construction" before November 22, 2019.
2. The draft maintains the previous FiT2 prices of 7.06 US cents/kWh for ground-mounted solar and 7.69 US cents/kWh for floating solar. For rooftop solar, the price would be 8.38 US cents/kWh, lower
The document discusses policy announcements and proposals in India's Union Budget 2012-13 related to the oil, gas, and power sectors. Key points include:
- Viability gap funding was extended to oil and gas storage and pipeline projects. Tax holidays for power generation were also extended.
- Reactions from industry experts were mixed, with some seeing positive moves like LNG tax exemptions but others disappointed by a lack of bold reforms to subsidies.
- The budget failed to significantly reduce expectations for rising subsidy bills or deregulate fuel prices, ignoring important issues for the oil and gas industry.
The budget is oriented towards economic growth and revival. Key points include an increase in the general excise duty and excise on non-smoking tobacco. The MAT rate has been increased to 18% from 15% previously. Deductions for R&D have been increased to 200% from 150%. Diesel and petrol prices are set to rise. The rollout of GST and the direct tax code is planned for April 1, 2011.
The Union Budget for 2011-12 had mixed impacts across various sectors:
- Infrastructure allocation increased substantially while real estate saw some positive measures for affordable housing.
- The IT industry was negatively impacted by an increased MAT rate and its application to SEZ units.
- Steel saw higher export duties as a boost while oil and gas faced no tax reliefs.
- Textiles, fertilizers, and banking received support but aviation and healthcare saw some cost increases.
The 2019 general budget did not include any major announcements to boost economic growth as expected. The government plans to reduce the fiscal deficit to 3% of GDP by 2021-2022 to strengthen the economy. The finance minister also proposed raising external sovereign debt denominated in foreign currencies to diversify debt and lower borrowing costs for companies. Infrastructure investment was emphasized to reach the $5 trillion GDP goal over the next five years. Overall the budget focused on fiscal prudence and continued existing economic measures rather than new initiatives.
Bnp paribas india diversified financials-e rr group- powf &Atul Tandon
The document discusses the outlook for Rural Electrification Corporation (RECL) and Power Finance Corporation (POWF) in India. It finds that their stock prices have outperformed benchmarks recently due to depressed valuations, earnings growth, and government reforms in the power sector. The analyst increases target prices for both stocks by 15-17% to reflect higher earnings estimates as power sector fundamentals are expected to improve with measures to ensure fuel supply and increase electricity tariffs. Key risks are insufficient fuel supply and higher distribution losses negating tariff hikes. The summary provides an overview of the document's analysis and conclusions about the two companies.
Power distribution tariff in india 2016 discom wise and consumer wise compre...Sakshi Saini
By meticulously examining the regulation, the latest trends governing the key fuel resources and deeply analysing the possible impacts on all the stakeholders, enincon llp attempts to blend the factual power tariff data and present a dossier which would enable clients with reliable insights and better understanding of the power tariff dynamics in the country.
This document provides an overview and highlights of key aspects of the India Budget for 2015-16. It outlines sources of government revenue such as taxes, borrowings, and other receipts. It also shows how the budget is allocated across central government plans and expenditures. The highlights section summarizes new initiatives related to taxation, agriculture, infrastructure, education, defense, welfare schemes, renewable energy, tourism, gold, and other points. The budget aims to achieve Vision 2022 for India and support various sectors through new programs and policies.
VIETNAM – SOLAR POWER – LATEST NEWS ON FEED IN TARIFF AND FIT-ELIGIBILITY – W...Dr. Oliver Massmann
The document summarizes the latest information on Vietnam's solar power feed-in tariff (FiT2) program:
1. The Ministry of Industry and Trade (MOIT) has submitted a draft decision to the Prime Minister outlining the FiT2 eligibility and pricing. Only 7 existing solar power projects totaling 320 MW would qualify for FiT2 based on being "under construction" before November 22, 2019.
2. The draft maintains the previous FiT2 prices of 7.06 US cents/kWh for ground-mounted solar and 7.69 US cents/kWh for floating solar. For rooftop solar, the price would be 8.38 US cents/kWh, lower
This document provides information about the Union Budget of India for the year 2013-14. It includes details such as the date of presentation, facts about past budgets, and strategies to achieve fiscal deficit targets. It also lists the group members who prepared an estimation of the revenue and expenditure for the future period. In addition, it discusses various announcements made in the budget and their expected impact on different sectors such as automobile, banking, infrastructure, FMCG, cement, capital goods, and power.
This document comprehensively covers the provisions of the Union Budget 2020-21 and offers a detailed take on how these provisions can impact the key sectors and industries of the Indian economy. We’ve undertaken a holistic overview of these sector proposals from the perspective of monetary allocations, public policy, and proposed reforms for the future.
The Union Budget of 2010-11 aimed to support India's Vision 2020 by pursuing double-digit economic growth, making development more inclusive, and strengthening government systems. Key aspects included increased allocations to agriculture, infrastructure, education, and health. Direct taxes were modestly reduced while indirect taxes like excise duties were partially increased. The budget aimed to achieve a net revenue gain of Rs. 20,500 crore through measures affecting direct and indirect taxes.
Economy and Energy Security for Pakistan -What lies ahead
The Economic Survey of Pakistan recognizes that during 2012 around 2 percent of gross domestic product (GDP) was lost due to the power sector outages.
The petroleum crude and products contributed to a third of total imports of Pakistan during 2012
The transmission and distribution (T&D) losses were valued at PKR 140 billion in 2012
Issues being currently faced can be categorised into policy, governance, technical and cost issues
Vietnam has experienced rapid growth in primary energy consumption over the last decade. Domestic oil and gas production is unable to keep up with rising demand, requiring increased imports. Vietnam is seeking to develop new oil and gas resources through foreign investment and expansion of exploration and production activities abroad. However, domestic oil production is expected to decline significantly by 2020 while demand continues to rise. To address this, Vietnam is planning to bring new refineries online to increase refining capacity and reduce imports of petroleum products, but deficits in liquefied petroleum gas are still expected after 2020. Oil and gas stocks are currently favored investments on Vietnam's stock market due to rising commodity prices and industry fundamentals.
The document summarizes the key points of the Union Budget 2010-11 presented by Jitendra Gupta. The budget focuses on agriculture growth and infrastructure development. It aims to increase GDP growth to 9% and targets Rs. 25,000 crore in disinvestment. Major allocations were made to the agriculture, banking, infrastructure, education, and health sectors. Tax slabs were changed and corporate tax surcharge was reduced to 7.5% to provide stimulus to the economy.
Financial & operational opportunities for disco ms under udaySakshi Saini
What erstwhile was ignored, has now gained pinnacle importance by Government as the future of power sector at large depends upon better financial health and consistent operations of DISCOMS. To ensure this objective Government did attempted FRPs for struggling Discoms in 2013 which tanked due to lack of timely implementation, forcing yet another scheme to turnaround the fate of state owned distribution utilities which has earned the nomenclature as UDAY (Ujwal DISCOM Assurance Yojana). The scheme is touted as the next paladin to bail out the struggling Discoms, potentially could see them turn green in a time horizon of 3-4 years from 2015/16.
The document summarizes key aspects of the India Union Budget for 2013-2014. It highlights a strong push for rural markets and employment, deployment of resources towards training and education, and aid to border countries like Bhutan to counter Chinese influence. It also notes reduced focus on the urban salaried middle class. Key expenditure areas covered include agriculture, rural development, education, health, infrastructure, and defense. Revenue sources discussed include various taxes as well as schemes to encourage compliance and investment.
The document discusses expectations for key sectors in India's upcoming Union Budget for 2011-2012. It is expected that the budget will focus on increasing investments in agriculture and infrastructure to address issues like higher inflation, lower industrial growth, and lack of infrastructure investments. Specifically, the budget may increase funding for agriculture, irrigation, research and development, and infrastructure projects. It also discusses expectations for other sectors like power, metals, mining, oil and gas, cement, and automobiles. The overall aim of the budget is seen as accelerating GDP growth through these sectors while maintaining fiscal deficit targets.
The document discusses the Indian government's budget for fiscal year 2016. It makes three key points:
1) The government will likely deliver a fiscal deficit of 3.9% of GDP in FY2016, prioritizing infrastructure spending and 'Make in India' over the targeted 3.6% deficit.
2) The budget will aim to rationalize subsidies while boosting infrastructure and defense spending to support Modi's priorities of manufacturing and job growth.
3) Receipts may grow more slowly as states' share of taxes rises in line with a finance commission's recommendations, but the government will try to widen the tax base to offset this.
Greetings,
Attached FYI ( NewBase Special 04 May 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Oman’s regulator: Electricity subsidy reform vital
• Saudi energy sector poised for unprecedented growth
• Saudi Sadara enters into 20-year supply accord with
• US: The Shale Boom Has Already Gone Bust - At
• Russian oil production remains at post-Soviet high in
• Brent rattling around towards $66, today
• Worley Parsons Cuts 2,000 Job on Falling Oil Prices; Shares Slump
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
This document summarizes the key issues facing Pakistan's economy and energy security, specifically in the power sector. It identifies three main causes of the ongoing problems: (1) an unwillingness by many to pay the actual costs of electricity due to subsidies; (2) political pressure to maintain subsidies across all consumers; and (3) high transmission losses and theft due in part to weak accountability. The document reviews various proposals in Pakistan's new National Power Policy to address these issues through tariff reforms, curbing losses, and increasing competition in generation. Overall it argues comprehensive reforms are needed across regulatory bodies, state-owned companies, and the civil service to resolve the systemic problems plaguing the power sector.
Orissa was the first state in India to introduce power sector reforms, including privatizing distribution. However, the results did not meet expectations and raised issues. Orissa faced high transmission and distribution losses, inadequate accountability, and poor finances and service. Reforms unbundled generation, transmission, and distribution. Distribution was privatized by assigning assets to four distribution companies, which were then majority acquired by private investors. However, higher than estimated distribution losses, lack of tariff increases, and neglect of needed government support burdened the reforms. While Orissa pioneered many reforms, the experience shows subsidies and government support may be needed during transition for reforms to succeed.
The document provides an overview of India's National e-Governance Plan (NeGP) which aims to make all government services accessible to citizens through common service centers. It highlights the challenges of India's large population size and diversity. The NeGP's vision is outlined as well as its strategies which include a focus on improving services, capacity building, public-private partnerships, and awareness campaigns. Core infrastructure components like Common Service Centers, State Wide Area Networks, and State Data Centers are described. An implementation framework and status of Mission Mode Projects are also summarized.
We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger. Get free trail of Equity Tips .
Liberia faces significant challenges in increasing access to electricity for its population. Currently, only 10% of the population has access and electricity is only provided in the capital city of Monrovia. To meet targets for increasing access, the report recommends that Liberia 1) develop policies and strategies to attract private investment in electricity generation, 2) establish effective regulatory bodies to oversee the energy sector, and 3) structure bankable power generation projects that multilateral development banks and private investors can finance. This will help Liberia develop sustainable and affordable electricity access across the country.
The Union Budget for 2013-14 was presented by the Finance Minister of India. Some key highlights included gross market borrowing of 6.29 trillion rupees and net market borrowing of 4.84 trillion rupees. Major subsidies for petroleum, food, and fertilizer were budgeted at 2.48 trillion rupees total. Total budgeted expenditure was 16.65 trillion rupees, including 11.1 trillion for non-plan expenditures and 5.55 trillion for plan expenditures. Allocations were made for rural development, agriculture, defense, healthcare, education, women, and children's programs.
This document summarizes Harry Istepanian's presentation on Iraq's electricity tariff reform. It breaks down the overall goal of tariff reform into several categories: regulation, commercial, technical, training, community engagement, and information technology. The goals are to establish a financially sustainable tariff structure, reduce losses through improved metering and infrastructure security, increase collection rates through billing and customer service, and promote a culture of rational electricity use and payment through community outreach programs.
Finance Minister AHM Mustafa Kamal on June 13 placed a Tk 5,23,190 crore largest-ever budget for the 2019-20 fiscal with a focus on developing communications infrastructure and human resources and achieve the 8.2 percent GDP growth. The finance minister proposed allocating, from the annual development programme, 27.4 percent for human resource (education, health and related others), 26 percent for communication (roads, rails, bridges, and related other communications), 21.5 percent for the overall agriculture sector (agriculture, rural development, water resources, and related others), 13.8 percent for power and energy sector and 11.3 percent for other sectors.Parliament passed the Tk 5,23,190 crore national budget for 2019-20 fiscal themed as “Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh.” Here I have summarized all the budgeted information. I tried to make the analysis easy and simple to understad. All information are available in finance ministry website.
The document summarizes key aspects of the Indian budget for 2015. It highlights initiatives to promote clean energy and infrastructure development. Key points include allocating funds for 5 new ultra mega power projects (UMPPs) to address energy needs, increasing clean energy cess to fund renewable projects, reducing duties on components to boost solar and wind manufacturing, and measures to improve road, rail and port infrastructure through increased funding and private partnerships. The budget aims to boost sustainable growth through a focus on clean energy and infrastructure development.
Exclusive report on budget 2015 16 by epic research private limitedEpic Research Limited
Epic Research Private Limited Budget Simplified Version of the Union Budget 2015-16. This report includes all the highlights and overview of the union budget as well as Railway Budget of India.
This document provides information about the Union Budget of India for the year 2013-14. It includes details such as the date of presentation, facts about past budgets, and strategies to achieve fiscal deficit targets. It also lists the group members who prepared an estimation of the revenue and expenditure for the future period. In addition, it discusses various announcements made in the budget and their expected impact on different sectors such as automobile, banking, infrastructure, FMCG, cement, capital goods, and power.
This document comprehensively covers the provisions of the Union Budget 2020-21 and offers a detailed take on how these provisions can impact the key sectors and industries of the Indian economy. We’ve undertaken a holistic overview of these sector proposals from the perspective of monetary allocations, public policy, and proposed reforms for the future.
The Union Budget of 2010-11 aimed to support India's Vision 2020 by pursuing double-digit economic growth, making development more inclusive, and strengthening government systems. Key aspects included increased allocations to agriculture, infrastructure, education, and health. Direct taxes were modestly reduced while indirect taxes like excise duties were partially increased. The budget aimed to achieve a net revenue gain of Rs. 20,500 crore through measures affecting direct and indirect taxes.
Economy and Energy Security for Pakistan -What lies ahead
The Economic Survey of Pakistan recognizes that during 2012 around 2 percent of gross domestic product (GDP) was lost due to the power sector outages.
The petroleum crude and products contributed to a third of total imports of Pakistan during 2012
The transmission and distribution (T&D) losses were valued at PKR 140 billion in 2012
Issues being currently faced can be categorised into policy, governance, technical and cost issues
Vietnam has experienced rapid growth in primary energy consumption over the last decade. Domestic oil and gas production is unable to keep up with rising demand, requiring increased imports. Vietnam is seeking to develop new oil and gas resources through foreign investment and expansion of exploration and production activities abroad. However, domestic oil production is expected to decline significantly by 2020 while demand continues to rise. To address this, Vietnam is planning to bring new refineries online to increase refining capacity and reduce imports of petroleum products, but deficits in liquefied petroleum gas are still expected after 2020. Oil and gas stocks are currently favored investments on Vietnam's stock market due to rising commodity prices and industry fundamentals.
The document summarizes the key points of the Union Budget 2010-11 presented by Jitendra Gupta. The budget focuses on agriculture growth and infrastructure development. It aims to increase GDP growth to 9% and targets Rs. 25,000 crore in disinvestment. Major allocations were made to the agriculture, banking, infrastructure, education, and health sectors. Tax slabs were changed and corporate tax surcharge was reduced to 7.5% to provide stimulus to the economy.
Financial & operational opportunities for disco ms under udaySakshi Saini
What erstwhile was ignored, has now gained pinnacle importance by Government as the future of power sector at large depends upon better financial health and consistent operations of DISCOMS. To ensure this objective Government did attempted FRPs for struggling Discoms in 2013 which tanked due to lack of timely implementation, forcing yet another scheme to turnaround the fate of state owned distribution utilities which has earned the nomenclature as UDAY (Ujwal DISCOM Assurance Yojana). The scheme is touted as the next paladin to bail out the struggling Discoms, potentially could see them turn green in a time horizon of 3-4 years from 2015/16.
The document summarizes key aspects of the India Union Budget for 2013-2014. It highlights a strong push for rural markets and employment, deployment of resources towards training and education, and aid to border countries like Bhutan to counter Chinese influence. It also notes reduced focus on the urban salaried middle class. Key expenditure areas covered include agriculture, rural development, education, health, infrastructure, and defense. Revenue sources discussed include various taxes as well as schemes to encourage compliance and investment.
The document discusses expectations for key sectors in India's upcoming Union Budget for 2011-2012. It is expected that the budget will focus on increasing investments in agriculture and infrastructure to address issues like higher inflation, lower industrial growth, and lack of infrastructure investments. Specifically, the budget may increase funding for agriculture, irrigation, research and development, and infrastructure projects. It also discusses expectations for other sectors like power, metals, mining, oil and gas, cement, and automobiles. The overall aim of the budget is seen as accelerating GDP growth through these sectors while maintaining fiscal deficit targets.
The document discusses the Indian government's budget for fiscal year 2016. It makes three key points:
1) The government will likely deliver a fiscal deficit of 3.9% of GDP in FY2016, prioritizing infrastructure spending and 'Make in India' over the targeted 3.6% deficit.
2) The budget will aim to rationalize subsidies while boosting infrastructure and defense spending to support Modi's priorities of manufacturing and job growth.
3) Receipts may grow more slowly as states' share of taxes rises in line with a finance commission's recommendations, but the government will try to widen the tax base to offset this.
Greetings,
Attached FYI ( NewBase Special 04 May 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Oman’s regulator: Electricity subsidy reform vital
• Saudi energy sector poised for unprecedented growth
• Saudi Sadara enters into 20-year supply accord with
• US: The Shale Boom Has Already Gone Bust - At
• Russian oil production remains at post-Soviet high in
• Brent rattling around towards $66, today
• Worley Parsons Cuts 2,000 Job on Falling Oil Prices; Shares Slump
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
This document summarizes the key issues facing Pakistan's economy and energy security, specifically in the power sector. It identifies three main causes of the ongoing problems: (1) an unwillingness by many to pay the actual costs of electricity due to subsidies; (2) political pressure to maintain subsidies across all consumers; and (3) high transmission losses and theft due in part to weak accountability. The document reviews various proposals in Pakistan's new National Power Policy to address these issues through tariff reforms, curbing losses, and increasing competition in generation. Overall it argues comprehensive reforms are needed across regulatory bodies, state-owned companies, and the civil service to resolve the systemic problems plaguing the power sector.
Orissa was the first state in India to introduce power sector reforms, including privatizing distribution. However, the results did not meet expectations and raised issues. Orissa faced high transmission and distribution losses, inadequate accountability, and poor finances and service. Reforms unbundled generation, transmission, and distribution. Distribution was privatized by assigning assets to four distribution companies, which were then majority acquired by private investors. However, higher than estimated distribution losses, lack of tariff increases, and neglect of needed government support burdened the reforms. While Orissa pioneered many reforms, the experience shows subsidies and government support may be needed during transition for reforms to succeed.
The document provides an overview of India's National e-Governance Plan (NeGP) which aims to make all government services accessible to citizens through common service centers. It highlights the challenges of India's large population size and diversity. The NeGP's vision is outlined as well as its strategies which include a focus on improving services, capacity building, public-private partnerships, and awareness campaigns. Core infrastructure components like Common Service Centers, State Wide Area Networks, and State Data Centers are described. An implementation framework and status of Mission Mode Projects are also summarized.
We are a team of highly qualified and experienced analysts, who deliver their expertise in providing stock market calls for traders which include tips like Stock Tips, Commodity Tips, MCX Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger. Get free trail of Equity Tips .
Liberia faces significant challenges in increasing access to electricity for its population. Currently, only 10% of the population has access and electricity is only provided in the capital city of Monrovia. To meet targets for increasing access, the report recommends that Liberia 1) develop policies and strategies to attract private investment in electricity generation, 2) establish effective regulatory bodies to oversee the energy sector, and 3) structure bankable power generation projects that multilateral development banks and private investors can finance. This will help Liberia develop sustainable and affordable electricity access across the country.
The Union Budget for 2013-14 was presented by the Finance Minister of India. Some key highlights included gross market borrowing of 6.29 trillion rupees and net market borrowing of 4.84 trillion rupees. Major subsidies for petroleum, food, and fertilizer were budgeted at 2.48 trillion rupees total. Total budgeted expenditure was 16.65 trillion rupees, including 11.1 trillion for non-plan expenditures and 5.55 trillion for plan expenditures. Allocations were made for rural development, agriculture, defense, healthcare, education, women, and children's programs.
This document summarizes Harry Istepanian's presentation on Iraq's electricity tariff reform. It breaks down the overall goal of tariff reform into several categories: regulation, commercial, technical, training, community engagement, and information technology. The goals are to establish a financially sustainable tariff structure, reduce losses through improved metering and infrastructure security, increase collection rates through billing and customer service, and promote a culture of rational electricity use and payment through community outreach programs.
Finance Minister AHM Mustafa Kamal on June 13 placed a Tk 5,23,190 crore largest-ever budget for the 2019-20 fiscal with a focus on developing communications infrastructure and human resources and achieve the 8.2 percent GDP growth. The finance minister proposed allocating, from the annual development programme, 27.4 percent for human resource (education, health and related others), 26 percent for communication (roads, rails, bridges, and related other communications), 21.5 percent for the overall agriculture sector (agriculture, rural development, water resources, and related others), 13.8 percent for power and energy sector and 11.3 percent for other sectors.Parliament passed the Tk 5,23,190 crore national budget for 2019-20 fiscal themed as “Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh.” Here I have summarized all the budgeted information. I tried to make the analysis easy and simple to understad. All information are available in finance ministry website.
The document summarizes key aspects of the Indian budget for 2015. It highlights initiatives to promote clean energy and infrastructure development. Key points include allocating funds for 5 new ultra mega power projects (UMPPs) to address energy needs, increasing clean energy cess to fund renewable projects, reducing duties on components to boost solar and wind manufacturing, and measures to improve road, rail and port infrastructure through increased funding and private partnerships. The budget aims to boost sustainable growth through a focus on clean energy and infrastructure development.
Exclusive report on budget 2015 16 by epic research private limitedEpic Research Limited
Epic Research Private Limited Budget Simplified Version of the Union Budget 2015-16. This report includes all the highlights and overview of the union budget as well as Railway Budget of India.
The Union Budget 2009-10 was presented by Finance Minister Pranab Mukherjee and aimed to lead the economy back to high GDP growth, promote inclusive development, and improve government delivery. Key measures included increased infrastructure spending, rural employment guarantees, and debt relief for farmers. The budget estimated revenues of Rs. 10.2 trillion and expenditures of Rs. 10.2 trillion, with a fiscal deficit of 6.8% of GDP.
Highlights of the Union Budget presented today.
Key factors to note are as follows:
· Fiscal deficit numbers (actual as well as projected) are quite heartening.
· There have been no major populist measures.
· There have not been any major reforms announced – GST date is still uncertain and DTC is scheduled for April 2012.
· Implicit in the lower projection of the subsidies is the hope that the prices of petroleum products and fertilizers may be partially decontrolled in the coming year.
There is no explicit assurance of the same though.
· Service tax maintained at 10% against the wide expectation of an increase. Excise duties not raised either.
· The implications for various sectors are summarized in the attached document.
Overall, the budget is quite incremental and not bold. Thankfully it is not populist either.
Hence on the balance the sentiment post budget amongst market participants has been mildly positive.
Our equity market outlook remains positive post the budget.
The document discusses key aspects of the Union Budget of India including its meaning and impact. It means higher spending on job guarantee, farm credit, and rural development. Taxes are reduced for individuals and corporations to increase disposable income and stimulate the economy. Sectors like automobiles, banking, and retail will benefit from tax cuts and incentives while rural sectors see increased funding. The conclusion is that manufacturing, demand, sales, and ultimately taxes and government income will increase due to the budget provisions.
The budget document outlines changes to India's indirect and direct taxes as well as general allocations. Key points include increasing service tax and excise duties on some goods while lowering duties on others. Income tax brackets were adjusted with no tax on income up to 1.6 lakh, 10% from 1.6 to 5 lakh, 20% from 5 to 8 lakh, and 30% over 8 lakh. Infrastructure, rural development, and social programs saw increased allocations.
The budget provides a sector-wise analysis of the impact on capital markets. Key points include:
1) The budget aims to consolidate recent gains in development and address weaknesses in governance. It also provides capital to public sector banks and regional rural banks.
2) The stock market saw sharp gains since 2009 and gave a positive response to the budget. The lower fiscal deficit will mean lower government borrowing.
3) Sectors like automobiles, infrastructure, consumer goods, and rural development are expected to see positive impacts, while the telecom sector may face pressure from tax increases.
4) Overall the budget focuses on growth, rural development, and strengthening of the banking system, which are expected to benefit many
Indian Fiscal Budget 2013-14: Analysis on Energy Sectornhareesh2003
This document provides an overview and analysis of the implications of India's 2013-14 fiscal budget on the energy sector. It first discusses the backdrop and objectives of the fiscal budget. It then analyzes the budget from a macroeconomic perspective and fiscal arithmetic for 2014. Finally, it summarizes the key announcements and implications for the power, coal, renewables and oil/gas subsectors. Some of the positive impacts highlighted include tax incentives for power generation, higher allocations for energy projects, and funds for renewable energy projects. Challenges are also noted around rising coal costs and lack of clarity on some issues. Overall, effective implementation will determine the budget's actual impact.
The Union Budget 2013-14 will result in some small incremental changes for investors:
- Tax-free infrastructure bonds can be invested in for one more year.
- The Rajiv Gandhi Equity Savings Scheme income limit was raised and benefits can now be claimed over 3 years.
- First-time home buyers can claim an additional Rs. 1 lakh tax deduction if the home value is under Rs. 40 lakhs and loan under Rs. 25 lakhs.
- A tax deducted at source was introduced for house property sales over Rs. 50 lakhs.
Overall, the changes do not majorly deviate from existing investment plans but provide some additional options.
The document provides a synopsis of the Indian Union Budget for fiscal years 2013-2014. It highlights a 30% increase in planned expenses, a 17% increase in education allocation, and investments in infrastructure, housing, export promotion, and public-private partnerships. Defense spending and allocations for renewable energy and small businesses are also increased. Personal and corporate tax rates generally remain unchanged aside from additional taxes for high-income individuals and changes to some deductions and duty rates.
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1. SECTOR WISE ANALYSIS OF BUDGET
AUTO COMPONENTS
PROPOSAL
Excise duty on auto components and tyres increased from 8% to 10%. Interest subvention of 2% on pre-
shipment credit for small and medium exporters extended to 31 March 2011.
IMPACT
No significant impact on the industry. Increase in excise duty on tyres will be passed on fully to original
equipment manufacturers (OEMs) and replacement segments. A rise in excise duty for the auto
component sector may be passed on to automobile manufacturers. However, if absorbed, it will be offset
by increase in demand. The interest subvention of 2% will have a marginally positive impact for small and
medium exporters engaged in exports of auto components.
AUTO/ TWO- WHEELER
PROPOSALS
Excise duty up from 8% to 10%; excise duty on big cars, sport utility vehicles and multi-utility vehicles
raised from 20% to 22%; additional duty component retained at Rs15,000 for cars of 1,500-1,999cc
engine capacity and Rs20,000 for passenger vehicles with engine capacity above 2,000cc; excise duty of
Re1 per litre on fuel; customs duty 5% higher; allocation for road development up 13%; weighted
deduction on in-house R&D spending raised from 150% to 200%; 4% excise duty on electric vehicles;
critical parts and assemblies of such vehicles exempted from basic customs duty, special additional duty;
countervailing duty of 4% imposed.
IMPACT
Higher excise duty rate is likely to be passed on to consumers and is partially negative. But this is likely to
be compensated by exemptions on personal income-tax rates. The government’s thrust on rural and
infrastructural development remains positive. The increased weighted deduction rate for in-house R&D
will encourage higher R&D allocations.
BANKING/ NBFCs
PROPOSALS
RBI to consider giving banking licenses to private sector companies /non banking finance companies.
Government to recapitalise select public sector banks by Rs16,500 crore; additional capital to regional
rural banks. Increase in interest subvention from 1% to 2% for farmers who pay as per repayment
schedule, extension of debt waiver and debt waiver for farmers extended to 30 June.
IMPACT
Competition is likely to further intensify. Recapitalising public sector banks is likely to help around one
third of these banks. The additional interest rate subvention schemes to encourage prompt repayment
by farmers should improve credit culture. But b, the government’s borrowing programme for FY11
remains sizeable and if the credit offtake is more than 15% - 16%, bond yields may rise and thereby
impact treasury profits.
CAPITAL GOODS/ ENGINEERING
PROPOSAL
Increased allocation for power and infrastructure sector; excise duty cut from 8% to 4% on compact
fluorescent lamps (CFL) and LED lamps; 5% concessional import duty on inputs for photovoltaic, solar
panels; excise duty waived on photovoltaic, solar panels, and on inputs required in rotor blades.
2. IMPACT
Increased allocation and long-term funding availability for power and infrastructure projects will induce
more investment and thereby benefit equipment manufacturers. Focus on energy efficiency and excise
duty reduction for CFL will result in improved demand prospects for players in the lighting segment.
Concessional import duty and waiver of excise duty on photovoltaic and solar panels as well as lower
excise duty on inputs for rotor blades will benefit photovoltaic cell and wind turbine generator
manufacturers, respectively.
CEMENT
PROPOSAL
2% excise duty hike.
IMPACT
Increase in outlay on roads, subventions on housing and focus on infrastructure development should
boost demand for cement. Increased rural income under National Rural Employment Guarantee Scheme
will also boost rural housing demand and, in turn, demand for cement. However, increase in excise duty
and imposition of Rs50 per tonne cess on imported and domestic coal will increase costs, which will
difficult to pass on to consumers given the current over supply situation.
CONSTRUCTION
PROPOSAL
Higher allocation for roads, railways, housing, urban infrastructure sectors; India Infrastructure Finance
Co. Ltd (IIFCL) to continue take-out financing; minimum alternate tax (MAT) increased from 15% to 18%
of book profits.
IMPACT
The increased outlay and continued take-out financing and refinancing plans of IIFCL, and availability of
funds through long-term infrastructure bonds, will aid in faster execution of infrastructure projects. MAT
increase will have negative impact on players with operational build-operate-transfer projects.
DRUGS/ PHARMACEUTICALS
PROPOSAL
Increase in weighted reduction from 150% to 200% on expenditure incurred on in-house research and
development (R&D) activities, and from 125% to 175% on activities outsourced to specific institutions.
Partial rollback in excise duty from 8% to 10% (to impact raw material costs).
IMPACT
The increase in weighted reduction on R&D activities is a positive and will continue to support higher
investments by Researchled pharmaceutical companies. It’s a positive for contract research organisations
as well. The increase in excise duty for raw material will impact the cost structure. Also, an increase in
petrochemical prices may impact some of the basic raw material (intermediate) costs, impacting margin.
The increase in MAT rate, however, is going to increase tax outgo for few companies that are currently
paying lower taxes.
ELECRICITY/POWER
PROPOSALS
Increase in allocation to power sector at Rs5,130 crore (increase of 152%); increase in available long term
funding through refinancing from India Infrastructure Finance Co. Ltd; increase in allocation to renewable
energy sector at Rs1,000 crore (increase of 61%); formation of coal regulatory authority and national
clean energy fund; clean energy cess of Rs50 per tonne on both domestic and imported coal; increase in
minimum alternate tax (MAT) rates from 15% to 18%.
3. IMPACT
Increased allocation to power sector will be positive for central public sector undertakings. Increase in
allocation and excise duty benefits are clear positives for firms in renewable energy segment. Coal
regulatory authority will bring regulatory clarity and introduction of competitive bidding mechanism for
allotment of coal blocks will further enable increased participation from private firms. The increase in
MAT and cess on coal are a negative as they will negatively impact profitability of merchant power plants,
where costs are not a pass through.
HOTELS/TOURISM
PROPOSALS
Benefits of 100% investment linked tax deduction on capital expenditure (excluding land, goodwill and
financial instrument) for building and operating a new hotel (commissioned after 1 April) of two star
category and above, extended from select locations to across the country.
IMPACT
Bringing the hotel industry within the preview of investment linked tax deductions could promote
balanced (across categories) incremental investments in fresh inventory, reducing the supply–demand
gap in the country. Benefits of increased government thrust on infrastructure/roads to trickle down to
the tourism industry over the medium to long term. The increase in MAT rates will, however, have an
adverse impact.
HOUSING
PROPOSAL
Rs1,270 crore allocated under Rajiv Awas Yojana; allocation for housing and urban poverty alleviation
raised to Rs1,000 crore; 1% interest subvention on housing loan up to Rs10 lakh extended to 31 March
2011; allocation under Indira Awas Yojana increased.
IMPACT
Allocation under Rajiv Awas Yojana will aid slum redevelopment programmes. Moreover, extension of
the scheme of 1% interest subvention on housing loan up to Rs10 lakh (where the cost of the house does
not exceed Rs20 lakh) will continue to provide a boost to affordable housing. On the rural front, increase
in allocation under the Indira Awas Yojana to Rs10,000 crore will help reduce the prevailing shortage in
rural housing. However, these allocations will not significantly impact the organised housing sector.
INFORMATION TECHNOLOGY
PROPOSAL
Minimum alternate tax (MAT) rate has been increased from 15% to 18% while surcharge has been
reduced from 10% to 7.5% for Indian companies.
IMPACT
The impact of the Union Budget 2010-11 on the IT sector is negative. The increase in MAT rate will offset
any benefits resulting from the decrease in surcharge and will affect the players’ cash flows. The impact
of MAT will be higher for tier II players compared to tier I players.
OIL AND GAS
PROPOSAL
Basic customs duty of 5% restored on crude petroleum, 7.50% on petrol and diesel and 10% on other
refined products. Central excise duty on petrol and diesel hiked by Rs1 per litre each.
IMPACT
The revised duty structure will marginally increase the import duty differential for refineries, leading to a
marginally higher refining margin, which is a positive for standalone refineries, including greenfield
4. projects currently being set up. Higher import duty and excise duty is negative for oil marketing
companies as gross under-recoveries will increase. But the post budget hike in fuel prices will largely
negate the impact. Increase of MAT is marginally negative
for some large oil and gas companies and new refinery projects. Five percent import duty on crude oil is
positive for upstream companies, as they will be benefited in an import parity based pricing regime.
ROADS
PROPOSALS
Budget allocation for road projects increased by 13.5% to Rs19,894 crore in 201011, incremental
disbursement of Rs25,000 crore over the next three years by India Infrastructure Finance Company Ltd
( IIFCL) under its takeout financing scheme and import duty exemption for specified machinery used in
construction.
IMPACT
The increased outlay will favorably affect companies involved in road construction. The takeout financing
through IIFCL would facilitate the availability of long term capital. The increase in MAT rate from 15% to
18% will have an adverse impact. Excise duty hikes in cement, petrol/diesel will also push up costs for the
sector. Import duty exemption for specific equipment will provide some respite.
TELECOM
PROPOSALS
MAT increased from 15% to 18%. Exemption from basic, countervailing duty (CVD), and special additional
duty (SAD) to include battery chargers, headphones; Exemption of SAD extended to mobile phones not
imported in prepackaged form.
IMPACT
The impact on the telecom services sector is negative. The increase in MAT will negatively impact the
profitability of telecom services providers. The duty exemptions will result in further reduction in mobile
handset prices. However, the impact will be marginal as mobile handsets and accessories are already
very affordable.
TEXTILES
PROPOSALS
The exemption from basic, countervailing duty (CVD), and special additional duty (SAD) on components
and accessories of mobile
handsets has been extended to include battery chargers and headphones. The government has also
extended the exemption of SAD to mobile phones that have not been imported in prepackaged form.
MAT increased from 15% to 18%.
IMPACT
The increase in MAT will negatively impact the profitability of telecom services providers. The duty
exemptions will result in further reduction in mobile handset prices. However, the impact will be
marginal as mobile handsets and accessories are already very affordable.
BY-
BENCHMARKERS
RACHANA JAIN
VIJAY POPAT
NITA CHANGANI
SONAM JAYASWAL