- Dual excise duty structure on cement will impact the sector; not many firms currently sell at the proposed Rs 190 a bag which will attract lower duty
- FMCG firms like Hindustan Lever will benefit from the focus on agriculture; in the past such companies have gained from the spinoff effect
- IT majors are peeved with the 1-3 per cent% MAT impact and the imposition of fringe benefit tax on ESOPs
- Capital goods manufacturers, power firms and oil majors to benefit from the announcement of more Ultra Mega Power Projects
***The impact of Budget '07 proposals on individual sectors will be much better than what the stockmarket's initial reactions would indicate. But on B-Day, Finance Minister P. Chidambaram's fourth budget on the trot (not counting earlier dreams) couldn't have received a worse reception from the bourses. On Bloody...