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March 2, 2001 | Feedback |
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Sector Focus : HotelsHotels: State of the industry (2000-01)
Hotels: Budget impact Impact factors
Notes: Figures in brackets indicate the closing share prices, on February 27, 2001 and February 28, 2001, respectively. pos= positive neg= negative neut= neutral Source: CRIS INFAC A: The incidence of a countervailing duty (CVD) on imported liquor is not expected to have an impact on hotel companies. On an average, wine and liquor accounts for 5 per cent of the total hotel income. However, any increase in liquor prices is likely to be passed on to the consumer. B: 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 companies. However, companies having a lower corporate tax incidence, such as Bharat Hotels, are not expected to benefit.
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. |