27. Budget Expectations from Budget

Sector wise - key expectation from the budget and expected overall impact
Sector	Key expectation from budget	Overall impact
Automobiles	Hike in general Excise hike by 2% and diesel duty going up by 4%	Negative
BFSI	Tax break on longer-tenor deposits and Increase in insurance exemption limit	Positive
Capital Goods	Import duty on power equipment for mega and ultra mega power plants in the range of 14-15%	Positive
Cement	Expect excise duty rates to go up by 2%	Marginally negative
Construction	Increase in tax exemption limit, Allowing banks to raise funds through tax free bonds for infra funding	Positive
Consumers	Rural initiatives to continue, thus helping FMCG demand	Positive
Energy	Extension sunset clause for 7 years for oil refiner to 31 March 14, removal of import duty on natural gas LNG	Positive
Hospitals	Extension Tax Holiday on Healthcare in Tier-II & III towns from 5 years to 10 years	Positive
IT	Removal MAT for SEZ units and developers	Positive
Metals	Import duty on thermal coal to be reduced to nil	Positive
Pharma	200% Weighted Deduction on R&D from 150%	Positive
Power	Financial package for SEB losses and Extension of 80IA benefits.	Positive
Real Estate	Increase limit for deduction for interest payments under section 24	Positive