Union Budget 2015 and its Expectation and Impact

Today is the important day for market. Mr.Finance Minister table the union budget in the parliament. The street expect MORE from him. Let us look into the expectations ....

 >>> The steps should follow to meet Mr.Prime Minister's promise to deliver the housing                         for all by 2022.

>>> Union Budget could cut the minimum alternate tax on SEZ from 14%.

>>> The budget could provide incentives for long term debt for infrastructure.

>>> The Union budget could boost capital expenditure in the defence sector. 

>>> The Union budget could increase customs duty on tyres from 10% to 20% giving boost                     to domestic manufacturers.

>>> The Union budget announce steps for import substitution on auto ancillary.

>>> The Union budget could increase in allocation for JNNURM scheme could lead to higher                 spending by urban bodies for city modernisation.    

>>> The Union budget could increase excise rate in cigarettes.

>>> The Union budget could cut import duty on gold import.

>>> The Union budget could throw more clarity on taxes for REITs.

>>>  The Union budget could increase interest exemption on housing loans.

>>> The Union budget could increase incentives for low cost housing.

>>> The Union budget could increase customs duties on crude oil.

>>> The Union budget could declare GOODS status for natural gas.

>>> The Union budget may not hike the cess on crude oil production.

>>> The Union budget could take steps to capital infusion in state run banks to hike by 60%

>>> The Union budget could lock - in period in fixed deposits under section 80C to three years.

>>> The Union budget could announce tax breaks on eligible infra bonds.

>>> The Union budget could increase import duty on steel from 5 - 7.5%

>>> The Union budget could cut export duty on iron ore from 30%

>>> The Union budget could give status to hotel industry.

    
Wow... a long exception from Mr.Finance Minister. Let us see how he meet these ????