Morning News (click on link to read article) IFCI research, 1 March 11

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Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Budget 2011: Consumer cos left to deal with rising input costs Ø  Budget 2011: Rising healthcare costs enough to make you sick Ø  Budget 2011: Excise duty on cigarettes unchanged Ø  OMCs may raise petrol prices by up to Rs 4 a litre Ø  Prices of LED lights to fall by 10-12% Ø  Budget 2011: Foreign investors only clear gainers		Ø  FM's tax menu upsets hoteliers Ø  Cold chains to bask in infra status Ø  FM halves dividend tax on earnings from overseas arms Ø  Blackstone to buy Centro malls for $9.4 bn: source Ø  Oil retailers raise ATF price by 3.4% Ø  Balaji gets Rs 223.63 cr tax notice
Business Line Ø  Spot rubber gains Ø  Bond prices firm up on good demand, call rates recover Ø  Commexes welcome sops to farming, warehousing sectors Ø  Rs 100 cr equity fund for MFIs proposed Ø  Cement prices may go up Rs 10-12 a bag		Mint Ø  Sees FY11 farm growth at 5.4% Ø  Sees industrial growth at 8.1%, service sector at 9.6% Ø  Customs duty on yarn reduced to 5% Ø  20% duty on all grades of iron ore Ø  Fiscal deficit seen at 4.6% of GDP in 2011-12
Financial Express Ø  Markets cheer Budget, Sensex up 122 pts Ø  Union Budget shuns tax sops for women Ø  No filing of tax if salary is only income Ø  Housing loans to get 1% interest rebate Ø  Garment industry to be impacted by Budget Ø  Disinvestment: Govt to raise Rs 95K cr		DNA Money Ø  CPI(M) slams ‘neo-liberal, pro-rich’ budget Ø  Budget 2011: Exemption limit for taxpayers, senior citizens enhanced Ø  Budget 2011: Companies with rural thrust to benefit Ø  Male tax payers to save Rs 2,060/year; elderly biggest gainers Ø  Budget 2011: Law ministry gets Rs500 crore to set up rural courts Ø  January consumer price index for industrial workers up 9.3%: Govt