Winners and losers from India’s budget – Reuters Report

Posted: March 2, 2013 in Current affairs

Way 2 Success


Thu, Feb 28 2013

MUMBAI (Reuters) – India unveiled new taxes on the rich and large companies on Thursday to fund higher-than-expected spending for the next fiscal year, in a budget that aimed to revive growth amid the country’s worst slowdown in a decade ahead of a 2014 election.

Reuters India special budget page online:


The following sectors/companies will benefit or be impacted by the budget proposals:


* Higher allocation for building roads should help highway developers, including IRB Infrastructure (IRBI.NS: Quote, Profile,Research) and Jaiprakash Associates (JAIA.NS: Quote, Profile, Research). The budget also proposed a regulatory authority for the road sector and awarding of 3,000 kilometers of projects in Gujarat, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh in the first six months of 2013/14.

* Encouragement for infrastructure debt funds, a source for long-term low-cost finance for large projects, will be positive for companies, including construction and engineering conglomerate Larsen & Toubro (LART.NS: Quote, Profile, Research)…

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