Thursday, July 10, 2014

FM-JAITLEY-Budget 2014-15 Highlights

I HAVE POSTED MORNING "LIKELY BUDGET"...

THAT REFLECTED IN THE UNION BUDGET....PLS VERIFY..!!!!!!!!!!!!!!!!

...............................

ECONOMY » BUDGET

Union Budget 2014-15 Highlights

July 10, 2014:  
  • Following are the highlights of the Union Budget 2014-15 presented by Finance Minister Arun Jaitley in Parliament on July 10, 2014
  • Income-tax exemption limit raised by Rs. 50,000 to Rs. 2.5 lakh and for senior citizens to Rs. 3 lakh
  • Exemption limit for investment in financial instruments under 80C raised to Rs. 1.5 lakh from Rs. 1 lakh.
  • Investment limit in PPF raised to Rs. 1.5 lakh from Rs. 1 lakh
  • Deduction limit on interest on loan for self-occupied house raised to Rs. 2 lakh from Rs. 1.5 lakh.
  • Committee to look into all fresh tax demands for indirect transfer of assets in wake of retrospective tax amendments of 2012
  • Fiscal deficit target retained at 4.1% of GDP for current fiscal and 3.6% in FY 16
  •  Rs. 150 crore allocated for increasing safety of women in large cities
  • LCD, LED TV become cheaper
  • Cigarettes, pan masala, tobacco, aerated drinks become costlier
  • 5 IIMs to be opened in HP, Punjab, Bihar, Odisha and Rajasthan
  • 5 more IITs in Jammu, Chhattisgarh, Goa, Andhra Pradesh and Kerala.
  • 4 more AIIMS like institutions to come up in AP, West Bengal, Vidarbha in Maharashtra and Poorvanchal in UP
  • Govt proposes to launch Digital India’ programme to ensure broad band connectivity at village level
  • National Rural Internet and Technology Mission for services in villages and schools, training in IT skills proposed
  •  Rs. 100 cr scheme to support about 600 new and existing Community Radio Stations
  •  Rs. 100 cr for metro projects in Lucknow and Ahmedabad
  • Govt expects Rs. 9.77 lakh crore revenue crore from taxes
  • Govt’s plan expenditure pegged at Rs. 5.75 lakh crore and non-Plan at Rs. 12.19 lakh crore.
  •  Rs. 2,037 crore set aside for Integrated Ganga Conservation Mission called ‘Namami Gange’
  • Kisan Vikas Patra to be reintroduced, National Savings Certificate with insurance cover to be launched
  • FDI limit to be hiked to 49% pc in defence, insurance
  • Disinvestment target fixed at Rs. 58,425 crore
  • Gross borrowings pegged at Rs. 6 lakh crore
  • Contours of GST to be finalised this fiscal; Govt to look into DTC proposal.
  • ‘Pandit Madan Mohan Malviya New Teachers Training Programme’ launched with initial sum of Rs.500 crore
  • Govt provides Rs. 500 crore for rehabilitation of displaced Kashmiri migrants
  • Set aside Rs. 11,200 crore for PSU banks capitalisation
  • Govt in favour of consolidation of PSU banks
  • Govt considering giving greater autonomy to PSU banks while making them accountable
  •  Rs. 7,060 crore for setting up 100 Smart Cities
  • A project on the river Ganga called ‘Jal Marg Vikas’ for inland waterways between Allahabad and Haldia; Rs. 4,200 crore set aside for the purpose.
  • Govt proposes Ultra Modern Super Critical Coal Based Thermal Power Technology
  • Expenditure management commission to be setup; will look into food and fertilizer subsides
  • Impasse in coal sector will be resolved; coal will be provided to power plants already commissioned or to be commissioned by March 2015
  • Long term capial gains tax for mutual funds doubled to 20%; lock-in period increased to 3 years
  •  Rs. 4,000 cr set aside to increase flow of cheaper credit for affordable housing to the urban poor/EWS/LIG segment.
  • EPFO to launch the ‘Uniform Account Number’ service to facilitate portability of Provident Fund accounts
  • Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs. 6,500 toRs. 15,000
  • Minimum pension increased to Rs. 1,000 per month
    • Posted by BAMMIDI NAGESWARARAO at 7/10/2014 07:34:00 pm 0 comments

    BUDGET HIGHLIGHTS...!!!

    Budget

    Posted by BAMMIDI NAGESWARARAO at 7/10/2014 07:01:00 pm 0 comments

    BUDGET DAY....ENJOY THE VOLATILITY...!!!!

    The Disappointment continues in Dalal Street but BUDGET may bring some cheer, as well the challenging days are ahead for the retail investors who trapped at the 7800 level. The markets are always not courteous to traders who plunge to grab the” ticking-opportunity” for INSTANT GAINS.
    The strength of the markets will not fissile unless decisively NIFTY breaks the earlier BEST SUPPORT levels at 7280 range. The fall in Banks are not due to VOLUME based selling but heavy UN-winding of positions. The banks will be under pressure so long SBI trades below 2680 and ICICI trades below 1448-52 level. The B-Nifty may drift lower but will bounce to new highs soon…….Now, the BUDGET DAY naturally carries HUGE volatility but the POSITIONS will be AFRESH OPENED.
    PM-MODI & FM- ARUN JAITLY will focus on curbing INFLATION and Fiscal Prudence but the Govt spending will be increased with INCOME from ASSET SALE. The FDI in high speed trains, FDI in Defence Sector allowed and FDI/FII limits in insurance sector will be raised. The favourite areas will be HOUSING for POOR and UNIVERSITIES, HEALTH CARE along with  revival of economic activity through factories.
    There will a decent amount set for women empowerment and security. The focus will be on EDUCATION sector and Renewable Energy will get decent boost. The very good news will be thrown opened to Sugar Industry, ETHNOL mixing by 20% in petrol.
    The excise duty reduction on CEMENT and customs reduction newsprint imports and tax concession will be offered to LOWER INCOME Group/BUDGET HOUSES up to 25 lakhs, also the income tax exemption upto Rs 1.5-2lakhs. The IT exemption upto 3 lakhs will be on the cards.
    The LUXURY cars/SUVs will be TAXED more and whereas TAX reduction for 100-125 cc motor cycles and scooters. The be leagued TELECOM sector will get decent boost by allowing FOREIGN GEAR BOX imports at less customs duty.  The BSNL&MTNL merger or listing of BSNL after budgeted support, OPTICAL FIBRE companies will get boost for early RURAL Connectivity for High speed internet and e-Governance plans.
    The DISINVESTMENT in ONGC, COIL India and other companies in metal space will get special boost/benefits for SWEETENING the DEAL. To discourage the use Alcoholic drinks, increase of tax, but I doubt ITC will be spared by not increasing taxes on Cigarettes.
    The PRIORITY will be given to AGRICULTURE, the COLD STORAGE and other Mandi facilities will be increased.  The GAS allocation to fertiliser units will be provided. 
    The Road and PORTS will be given priority by PPP model and FDI in FAST TRACK TRAINS, duty-reduction to that extent is possible. Special focus will be laid down for UMPP projects get good benefits for increased POWER Generation, import of coal will be liberalised, customs duty will be reduced. The POWER and INFRA companies will be benefitted the most.
    The petro product/gas company like reliance may not be favoured but it will get boost/support for its TELECOM& RETAIL Space.
    The Aviation sector will get good support by reduction in excise duty on FUEL and they will be allowed to buy at Dollar price. Most likely the STT will be exempted, Dividend tax will be reduced , encouraging equity culture by allowing PF money invested through ETFs and the 2% surcharge will be discontinued and ceiling at 35% will be enforced.

    OVERALL, the BUDGET may get thumping  boost to revive the economy.
    Posted by BAMMIDI NAGESWARARAO at 7/10/2014 07:46:00 am 0 comments

    Monday, July 07, 2014

    THE RAIL BUDGET……PROPOSALS DICTATE


    REVIEW: AS SUGGESTED IN THE MORNING, ICICI DID NOT CROSS 1472 LEVEL FELL TO 1442, SBI DIDN’T CROSS 2714 FELL TO 2675 LEVEL, AXIS REGISTERED HIGH OF 1942 FELL TO A LOW OF 1915.

    PFC DIDN'T PERFORM AS ANTICIPATED AND AURO PHARMA STOPLOSS TRIGGERED.


    Govt. IS PROPOSING MANY SERIOUS MEASURES FOR BRINGING THE ECONOMY BACK ON TRACK. IT MAY BE TRUE FROM THE PM STATEMENTS THAT THIS Govt IS COMMITED FOR SERIOUS REFORMS IN RAILWAYS, CAN BE SEEN FROM THE PROPOSING RAILBUDGET TOMORROW. THE BOLD PROMISES OF EARLIER Govt YIELDED LITTLE RESULTS AS FAR AS THE SAFETY AND SANITATION PRIORITIES.

    THIS RAIL WAY MINISTER MAY PROPOSE NEW LINES, HIGH SPEED RAIL TRACKS, AND SAFETY MEASURES AGGRESSIVELY. THE PROPOSED NEW LINES MAY BRING DEMAND FOR STEEL AND CONSTRUCTION EQUIPMENT COMPANIES.

    FOR TOMORROW:

    THE NIFTY IS IN SAFE ZONE ABOVE 7520 LEVEL AND NIFTY ADDED OI CLOSE TO 13 LAKHS FOR THIS 20 POINTS. 

    THE KOTAK BANK WILL HIT HEADLINES SOON AS THE OI TODAY WAS ABNORMALLY HIGH FOR A STOCK LIKE KOTAK.

    THE HDFC DUO AGAIN ADDING OI HEAVILY. THIS IS EVEN TRUE WITH IDFC WHICH KEPT ON ADDING OI FOR LAST 3 DAYS.
    Posted by BAMMIDI NAGESWARARAO at 7/07/2014 10:56:00 pm 0 comments

    NIFTY CONSOLIDATES....

    07-07-2014 BAMMIDI ---DEEP….
    THE MARKETS ARE IN BULLS GRIP BUT THE UNWINDING IS ALSO HAPPING AT THE BUYERS SIDE AND NEW SELLERS ARE CROPPING EVEN BEFORE THE BUDGET MEANS, THE SHORTS ARE BUILDING UP AT THESE LEVELS.
    THE GLOBAL BOUYANCY IN THE MARKETS ARE HELPING OUR MARKETS TO FLOAT ABOVE THE CRITICAL SUPPORT AT 7480-7520LEVELS. THE SINCERE EFFORTS OF THE BULLS FOR TWO DAYS HAS THROWN THE NIFTY INTO SAFE ORBIT. NOW THE HNIs START SELLING THEIR BOTTOM FISHED BEST BARGAIN COUNTERS FOR A DECENT PRICE.
    THE BANKS ARE IN CRITICAL LEVELS OF SUPPPORT,
    AXIS IS GOOD ABOVE 1942 AND A SURE SHORT CANDIDATE BELOW 1924 LEVEL.
    ICICI BANK PULLED DECENTLY FROM A LOW OF 1376 TO 1467 LEVEL. IF IT FAILS TO CROSS THE 1474-76 RESISTANCE THEN WILL FALL BELOW YESTERDAY’S LOW OF 1435 VERY SOON.
    SBI IS ALSO SIMILAR TO ICICI, IF FAILS TO TRADE ABOVE 2714 AND CROSS A HIGH OF 2720 THEN WILL FALL BELOW 2560 LEVELS.
    THE PFC IS GOOD FOR “SHORT-SELL” IF HIGH IS BELOW 324.8 LEVEL AND TRADES BELOW 220 AND SO IS REC GOOD TO SHORT BELOW 372, HIGH IS BELOW 376.8 LEVEL.

    AURO PHARMA IS UNWINDING AT HIGHER LEVEL NOW MAY SEEK MORE LOWER LEVELS IF IT TRADES BELOW 772.9 (STOP LOSS LEVEL), HAS RESISTANCE AT 766-68 LEVEL, MAY FALL TO 731-29 SOON.
    ABOVE ALL MOTOR COMPANIES MAY CORRECT TODAY/TOMORROW...WATCH OUT.!!
    Posted by BAMMIDI NAGESWARARAO at 7/07/2014 08:50:00 am 0 comments

    Sunday, July 06, 2014

    BAMMIDI-DEEP....06-07-2014

    Hi,

    I THOUGHT OF SHARING MORE INFORMATION REGULARLY...

    BAMMIDI-DEEP..!!-- BAMMIDI-DAILY ENTRY & EXIT POINTS...

    DEEP---ENGLISH...MOST OF US KNOW...!!!!

    DEEP-- SANSKRIT& OTHER LANGUAGES IN INDIA... LIGHT, TO SHATTER/ELIMINATE DARKNESS,

    NOW--STOCKSDOCTOR PARLANCE.. TO SHOW THE RIGHT PATH TO GET SUCCESS IN INDIA STOCK MARKETS.

    HOPE THE GOOD THOUGHT COVERTS INTO GOOD WORK AND TRANSLATES IN TO MINTING MONEY FROM THE MARKETS...

    BNR
    Posted by BAMMIDI NAGESWARARAO at 7/06/2014 11:52:00 am 0 comments
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