2. Moody’s Rating
• The Union Budget 2013-14 unveiled last
week offers a "realistic" plan to meet the
country's fiscal deficit target, and should be
a credit positive for its sovereign ratings.
3. Best Stocks to
Invest
• Automotive Industry
• Banking and Finance Sector
• FMCG
• Oil & Gas
• Power / Capital Goods
4. Automotive Industry
• Increase in excise duty for
SUVs.
• Additional purchase of 10,000
buses under the Jawaharlal
Nehru National Urban Renewal
Mission (JNNURM).
5. Banking and
Finance Sector
• Additional capital of Rs 14,000
crore for PSU banks in 2013-14.
• The 4% interest subvention for
crop loans repaid on time
extended to private sector
banks as well.
• Banks to become insurance
brokers.
6. FMCG
• Excise duty on cigarettes
increased by 18%.
• Excise duty removed on
readymade garments.
• Allocation for rural
development enhanced .
7. Oil & Gas
• Exploration policy to be shifted
from profit sharing to revenue
sharing.
8. Power / Capital
Goods
• Re-introduction of investment
allowance.
• Increase in allocation for
defence, science & tech,
atomic energy, space
exploration, etc.
9. Gold in Gulf
• Raise the limit on duty-free gold ornaments
that can be carried back to the country by NRIs
is set to boost jewellery sales in Oman and
other countries in the Gulf region.
• Male passengers can carry gold worth
Rs.50,000 compared to Rs 10,000.
• Female passengers can carry Rs 1 lakh
compared to the earlier limit of Rs 20,000.
10. Investors
• 16.5 percent projected increase
in the government's total
annual spending is faster than
the growth in nominal GDP,
which is projected to rise by
13.5 percent.
11. Taxing the Rich
• Surcharge of 10 percent for one year on
taxpayers with an annual taxable income of
more than 1 crore (10 million) rupees.
12. Women’s Group
• $186 million allocated for a women-only bank
• $186 million for a fund for women's security
called Nirbhaya (meaning fearless)
• Women's rights groups questioned the need for a women-only bank
that has such a small amount of funding.
13. Youth
• Proposal to give Rs 10,000 to
each youth for skill training
may make 150 million youths
job-ready.
