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March 1, 2001 | Feedback |
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Sector Focus : Other Capital Goods
CVD:Countervailing duty Source: CRIS INFAC
Other capital goods: Budget impact
Impact factors
Notes: Figures in brackets indicate the closing share prices, on February 27, 2001 and February 28, 2001, respectively. Neut= neutral, Pos=positive Source: CRIS INFAC A: The reduction in the customs duty on capital goods (due to the removal of surcharge), is expected to have a marginally negative impact on producers. Domestic producers are expected to face increased competition from project imports, largely in the power sector. The expected growth in construction activity due to increased outlay for the National Highway Development Programme (NHDP) is expected to have a positive impact on construction equipment manufacturers, such as BEML. Increased outlay for rural electrification, power transmission and distribution is likely to benefit manufacturers of transmission towers, such as KEC International and Jyoti Structures. B: Reduction in the customs duty on raw materials such as steel and non-ferrous metals, is expected to have a marginally positive impact on producers. C: The reduction of surcharge on corporate tax, from 13 per cent to 2 per cent and the expected decline in interest rates, is expected to have a positive impact on producers.
Rediff-CRISIL Budget Impact Analysis
Disclaimer: CRISIL has taken due care and caution in compiling this report. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CRISIL is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of its web site. |