Feb 28, 2013, 11.28 AM IST
Education stocks rallied quite sharply after the Finance Minister P Chidambaram hiked allocation for education programme by 17 percent in Budget.
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Live Budget 2013-14: Educomp up 4% on 17% hike in allocation for education
Education stocks rallied quite sharply after the Finance Minister P Chidambaram hiked allocation for education programme by 17 percent in Budget.
Like this story, share it with millions of investors on M3
Live Budget 2013-14: Educomp up 4% on 17% hike in allocation for education
Education stocks rallied quite sharply after the Finance Minister P Chidambaram hiked allocation for education programme by 17 percent in Budget.
Educomp Solutions rose 4 percent to Rs 88.30 while Everonn Education gained 5.78 percent to Rs 68.60.
CORE Education went up 6.8 percent to Rs 64.40 while NIIT rose 4.44 percent to Rs 24.70.
Aptech rallied 5.36 percent to Rs 50.10.
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Increase excise duty on SUV's from 27% to 30%
- No change in standard rate of excise duty, service tax
flashes
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
- Budget Reaction: Fitch Says Commitment To Fisc Cons, Despite Poll, Encouraging
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Retired Person
REACTIONS
reaction on: Business
Anirudh Dhoot
President- CEAMA & Director | Videocon
reaction on: Markets
Dipen Shah
Head of PCG(Private Client Group) Research | Kotak Securities
reaction on: Markets
R Venkataraman
Managing Director | India Infoline
reaction on: People
Marzin R Shroff
CEO - Direct Sales & Sr VP- Marketing | Eureka Forbes
reaction on: Business
George Alexander
MD | Muthoot Fin
What got Cheaper / costlier?
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