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    * Duty on large cars,SUV & MUV raised to 22%

    * Hike in excise duty to 10% vs 8% earlier

    * Petrol price hike by Rs 2.67/litre:NW

    * Diesel price hike by Rs 2.58/Litre: NW

    * Govt's push for infra development to boost GDP growth

    * NMDC, SJVN stake sale to fetch Rs 25000 cr in FY'10

    * Expect govt to push for disinvestment

    * FM has kept the impetus on disinvestment

    * Fiscal expansion was not sustainable for long

    * Limit for tax credit increased from Rs. 40 to Rs. 60 lks

    * Reduction in surcharge on domestic cos from 10% to 7.5%

    * Commitment to rollout DTC

    * Lower tax burdens on individuals

    * To give Rs.16500 cr to PSU banks in FY'11

    * Govt to keep service tax unchanged at 10%

    * To raise duty on gold imports to Rs 300/10 grams

    * To raise duty on gold and silver imports

    * To grant project import status for HITS

    * To grant project import status for monorails

    * Excise duty on CFL halved to 4%

    * Imposed 4% excise duty on electric cars

    * To waive excise duty on photovoltaic panels

    * To restore 7.5% duty on petrol and diesel

    * To restore 5% duty on crude petroleum

    * Rollback in excise duty to 10%

    * Govt announces partial rollback in excise duty

    * Investment linked deduction benefit for 2-star hotels

    * Weighted deduction on R&D raised to 200%

    * To reduce current surcharge on companies to 7.5%

    * MAT to be raised to 18% vs 15%

    * 10% tax on income between Rs 1.6 - 5 lakh

    * 20% tax on income between Rs 5-8 lakh

    * No tax on income up to Rs 1.6 lakh

    * Rollout of GST needs consensus among Centre & States

    * To broaden current tax slabs

    * Borrowing plan to be decided in consultation with RBI

    * To bring subsidy related liability into fiscal accounting

    * Economy can absorb hike in excise and customs duty

    * Net market borrowing pegged at Rs 3.45 lakh cr

    * FY'12 Fiscal Deficit seen at 4.8%

    * Fiscal Deficit for 2010-11 at 5.5%

    * FM has tried to balance prices and growth

    * Rs 60000 cr as capex for defence sector

    * Allocation of Rs 1900 cr for UID project

    * UIDA to roll out 1st set of IDs by end of this year

    * Resource mobilisation not to trigger inflation

    * National Social Security Fund for unorganised sec

    * Govt to contribute Rs 1000/month for Pension Security

    * Rs 5400 cr allocated for urban development

    * FM has exercised moderation in rollback of stimulus

    * Rs 48000 cr allocated for Bharat Nirman

    * Rs 66100 cr allocated for rural development

    * Allocation to NREGA raised to Rs 41000 cr

    * To allocate Rs 22300 cr to Health Ministry

    * Social sector spending in FY'11 seen at Rs1.38 lakh cr

    * 25% of plan allocation for rural infra

    * Govt ready with Draft Food Security Bill

    * To provide 1 time grant for Tirupur exports

    * To establish National Clean Energy Fund

    * Plan outlay for renewable energy raised to Rs 1000 cr

    * IIFCL disbursements at Rs 9000 cr by March 2010

    * Allocation to road infra raised to Rs 19894 cr

    * Govt to extend interest subvention of 2%

    * RBI considering additional banking license to pvt players

    * Tax saving of Rs.51,500 for income of Rs.10 lakhs

    * RBI considering additional banking license to pvt players

    * To raise Rs.25,000 cr in FY'10 from PSU disinvestment

    * Hope to rollout GST by April 1, 2011

    * To implement Direct Tax Code from April 1, 2011

    * Hope to reach 10% GDP in near future

    * Review of stimulus for fiscal consolidation

    * Budget has to signal policies for the future

    * Budget not a mere statement of accounts

    * India faces challenges of reviving double digit growth

    * Challenges not any less than 9 months ago

    * Need to provide food security, healthcare for all

    * Economy has weathered the recent economic crisis

    * Indian economy faced grave uncertainty in 2009

    * Need to move to high GDP target of 9%

    * Budget to reflect govt's vision for development

    * Weakness in govt system still a challenge

    * Need to make development more inclusive

    * Expect roadmap for reduction in subsidy for oil sector

    * Issues of subsidy need to be addressed

    * Expect a partial withdrawal of stimulus in the budget

    * More clarity on growth in H2 CY'10

    * Indian markets to trade sideways to negative

    * Real GDP growth of 8-9% next fiscal

    * Govt needs to address deficit concerns

    * Monetary tightening likely to continue

    * Rising inflation a challenge for budget

    * No hike expected in IT exemption limits

    * Likely roll-back in tax cuts on excise duties

    * Depreciation rate to be aligned for accounting

    * Expect fiscal deficit at 5.3% in FY'11 vs 6.3% of GDP

    * Overall deficit may come down from 10% of GDP to 8.5%

    * Expect govt to begin unwinding of softer fiscal stance

    * Infrastructure push to continue

    * Hike in Excise duty likely

    * Announcement of divestments unlikely

    * Govt must look at reducing corporate tax rates

    * Expect fiscal deficit to be cut to 5.5% of GDP in FY'11

    * Expect budget to withdraw certain stimulus measures

    * Expect budget to start process of fiscal consolidation

    * Need for policy intervention for initiating infra projs

    * Expect to see relief for SPV structure

    * European sales up 2% (YoY) to $80mn

    * Guidance based on product exclusivity in U.S

    * 2010 PAT seen at Rs.460cr vs Rs.310cr (YoY)

    * Expect 2010 sales at Rs.7800cr vs Rs.7340cr (YoY)

    * Inflation remains a concern

    * Outline a stable disinvestment plan for few years

    * Must look for clearer tax reforms in 2011

    * Expect govt to take back some stimulus measures

    * Excise rollback not to affect industrial growth

    * Expect some support for export oriented sector

    * Govt should focus on reviving investment demand

    * Key triggers: Borrowing program and monetary stance

    * South-based players may go slow on price hike

    * May pass on hike in excise duty to customers

    * No impact on Marico since products are tax exempt

    * Marginal impact on Nestle and Britannia

    * Difficult for HUL to pass on hikes due to shrinking share

    * HUL: Major chunk of production attracts excise

    * Competition will make it difficult to hike prices

    * CV makers M&M, Tata Motors less sensitive to hikes

    * Maruti, Hero Honda unlikely to pass on entire excise hike

    * Prices may be increased if excise duty is hiked

    * Auto, FMCG, cement likely to take a hit on margins

    * Hike will impact cement, auto and FMCG

    * Excise duty is expected to increase by 2-4%

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    * Expect to see R&D reforms for education sector

    * Strong case for impetuos measures to be reduced

    * Hope to see partial rollback of the stimulus

    * Nifty March Put-Call ratio at 1.26

    * Lower than average rollover shows nervousness ahead

    * Nifty starts the March series at 2.15 cr shares

    * Nifty rollovers at 68.1% vs 76.5%

    * Feb 23: Rs 634.2 cr Feb 22: - Rs 56.8 cr

    * Feb 25: - Rs 594.78 cr Feb 24: Rs 566.4 cr

    * FIIs Net Buy at Rs.645.02 cr in F&O

    * FIIs Net Buy at Rs 321.48 cr in Stock Futures

    * FIIs Net Sell at Rs.242.72 cr in Index Futures

    * DIIs Net Buy at Rs 325.92 cr

    * Reverting to path of fiscal responsibility

    * FY'10 fiscal deficit is seen at 6.8% of GDP

    * Total deficit, including states’ is 10.2% of GDP

    * Widening of Tax net to include base not taxed earlier

    * To ensure tax evasion gets more difficult & expensive

    * Simplifying tax procedures that lead to tax evasion

    * Need for a simple tax system with reasonable rates

    * Short-term revenue loss must not hold up tax reforms

    * Speedy implementation of GST desirable

    * Disinvestment proceeds of Rs1120cr insufficient

    * Govt should aim at raising Rs4000cr through disinvestment

    * Funds collected can be invested in public sector

    * Funds to be used for financing long term investments

    * Shift from cash account to accrual budgeting beneficial

    * Accrual budgeting will ensure resource utilisation

    * Accountability with delivery time key to efficiency

    * Third party monitoring for each project

    * FIIs Net Sell at Rs 594.78 cr

    * Third party monitoring will ensure resource utilisation

    * Monitoring cell to include Govt, and industry experts

    * Reforms needed in property, tax and import procedures

    * Sustaining domestic level of prices not viable

    * Administrative reforms can help cut transaction costs

    * Govt should provide flexibility in labour laws

    * Labour laws must enable industry to compete with China

    * Risk of food inflation cascading to other sectors

    * Long pending labour reforms have hindered investments

    * A sound regulatory framework needed

    * Sharp increase in food prices cause for concern

    * Transparency in bidding process for PPP projects

    * Issues delaying roll-out of PPP need to be addressed

    * Recommends bringing down deficit to 5.7%

    * Govt intervention needed to expedite PPP process

    * Conducive eco-system for SMEs needed

    * Recommends calibrated exit move from current stand

    * Systems should provide supply of man power, branding

    * Simplify process of land acquisition

    * Tax benefits for companies which source from SMEs

    * SME stock exchange will help raise equity capital easily

    * Continue with concessional excise duty of 8%

    * Reduce excise duty gap between large and small cars

    * Large cars attract 20% + Rs 20,000 excise, small cars 8%

    * Recommends fiscal consolidation by eliminating deficit

    * Reduce excise duty on MUVs from 20% to 8%

    * Remove anomalies in input and output duty structures

    * Tyres can be imported at 10% duty, natural rubber at 20%

    * Reduce excise duty on carbon black from 14% to 8%

    * GDP growth expected to breach 9% in 2011-12

    * Classify ATF as a 'declared good' attracting 4% VAT

    * States presently tax ATF at varying rates, going up to 16%

    * Scrap 10% service tax on intl travel in first class

    * Increase the FDI limit in aviation to 49% from 26%

    * Extend repayment period on farm debt waiver

    * Increase FDI cap in insurance from 26% to 49%

    * GDP seen at 8.5% ( +/- 0.25%)

    * Allow power finance companies to float tax free bonds

    * GDP growth expected to be 1% higher in FY'11

    * Recapitalise PSU banks or permit raising stake dilution

    * Increase cap on FII stake in PSU banks from 20%

    * Correct input and output duty anomalies

    * Cement attracts no import duty, but pet coke attracts 5%

    * Simplify MRP based excise duty structure for cement

    * Excise duty is Rs 230/tn for MRP below Rs 190/50kg bag

    * Allow abatement for manufacturing expense for MRP excise

    * Continue with the concessional excise duty of 8% now

    * Increase the income tax slab to drive consumption

    * Increase allocation to NREGS and other welfare schemes

    * Yen declines, export stocks trade positive

    * Japan industrial production rises 2.5% (MoM)

    * Japanese stocks trade marginally higher

    * Mixed trade across Asian markets

    * Bernanke: Fed to investigate trader betting against Greece

    * Orders for durable goods rose 0.6% in January

    * Increase depreciation rate for hotels to 20%

    * Jobless claims hit 22,000 for the latest week

    * Increase tax holiday period from 5 years to 10 years

    * Early sell off triggers by concerns on Greece , eco data

    * Make LTC tax free every year vs for 2 years in block

    * Make VAT rate for hotels uniform across the country

    * Exempt cakes made in hotels from 8% excise

    * Bring STPIs on par with SEZs on tax benefits

    * Increase outlay for higher education

    * Allocate 2-3% of GDP for e-governance projects

    * GDP growth expected to be 1% higher in FY'11

    * Formulate the PPP process for roads and infra projects

    * Exempt infra cos from 15% dividend distribution tax

    * Exempt all infra cos from payment of MAT @ 15%

    * Govt should ensure free flow of credit to infra sector

    * De-regulate oil sector,adopt Parikh Committee’s suggestion

    * Increase subsidies from Rs 0.83/lt for kerosene

    * Provide infrastructure status to E&P and refining

    * Extend 80 IB benefit to pre-NELP & NELP I-VII gas blocks

    * Give a tax holiday to city gas distribution networks

    * Exempt power companies from 15% distribution tax

    * Exempt power companies from MAT @ 15%

    * Allow power companies to isssue tax-free bonds

    * Increase subsidy for solar energy to Rs 16/unit

    * Exempt carbon credit income earned from renewable energy

    * Increase deduction on housing loan interest to Rs 2.5 lk

    * Extend tax benefits for affordable housing beyond Mar '12

    * Allow fund raising via ECBs through the automatic route

    * Allow separate deduction for housing loan repayment

    * Cut long term capital gains period to 1 year for realty

    * Increase duty on iron ore exports to 20% from 15%

    * Continue with excise duty rate of 8%

    * Accord infrastructure status to the steel sector

    * Extend the 10 (B) benefit to export from SEZs from Mar '10

    * Extend 2% interest rate subvention to March 2011

    * Biggest challenge in removing impediments

    * Targets in infrastructure sector achievable

    * Capacity addition in power and roads behind target

    * Inflation primarily driven by food products

    * Slowdown in agriculture affecting some segments

    * Industrial outlook bright in the medium term

    * Growth in credit to industry fell from 37% to 14.2%

    * Automobiles, rubber manufacturing recover strong

    * Inflows were down 2% at $19.38 bn (YoY)

    * Recovery in industrial sector is evident

    * Inflows at Rs 93,354 cr, a growth of 9% (YoY)

    * Growth in consumer durables drove industry revival

    * Reversal in downward trend in IIP growth

    * Food coupons must replace existing PDS system

    * Capital inflow creating a supply demand imbalance

    * Portfolio investment rush fuel rise in markets

    * Portfolio investment not backed by strong fundamentals

    * Capital inflows into economy to have negative impact

    * Oil, food bonds need inclusion in fiscal accounting

    * Consumption more impacted by slowdown

    * Tax receipts down due to excise rate cut

    * Expenditure restraint to keep deficit at 6.8%

    * Receipts down due to indirect tax shortfall

    * Likely shortfall in revenue receipts

    * Cut Cap goods tariffs to 3%, abolish EPCG scheme

    * Lower peak duties from 10% to 7.5% merchandise sector

    * Large inflows crucial for countries with deficit

    * Policy changes needed to promote exports

    * Legislation enabling states to levy service tax proposed

    * Centre to reduce share in gross tax revenue

    * Centre to review levy of cess and surcharge

    * Fiscal consolidation by reducing revenue deficit

    * Rs 30000 cr compensation if GST introduced in 2014

    * Rs 40000 cr compensation if GST introduced in 2013

    * Rs 50000 cr compensation for states' revenue loss

    * Binding agreement of GST rates between Center-States

    * GST to contribute significantly to tax revenues

    * Proposes to reduce debt, GDP ratio to 68%

    * GST seen as a game changer in tax reform process

    * Increasing fuel prices may increase inflation

    * Sustaining domestic fuel prices not viable

    * Food inflation entails risk of transmitted

    * Sharp increase in food price cause for worry

    * Fundamentals of economy improving

    * GDP growth expected to breach 9% in 2011-12

    * GDP seen at 8.5% (+/-0.25%)

    * GDP growth expected higher by 1% over 2009-10