Budget features

Guys,

The followings are some of the features of budget.

They are not exhaustive.More to come.

 

 

 

1. Companies allowed to file E returns by net

 

2. Golden Quadrilateral will be completed 96% by 2006 end

 

3. Rs. 3000 a year to a girl passing 8^th standard

 

4. Farmers to get short term credit at 7%

 

5. Old age pension raised to Rs. 200 per month

 

6. Small Cars to become cheap

 

7. Cigarettes to cost more by 5%

 

8. Steel to cost less by 7.5%

 

9. 1/6 scheme for filing returns abolished

 

10. No change in personal & corporate tax structure

 

11. Computers to cost more in terms of excise duty by 12%

 

12. Maruti Car cheaper by 23000

 

13. ATM operations under service tax coverage

 

14. FBT on tour & travel reduced to 5% form 20%

 

15. Transaction tax to continue

 

16. Excise duty on footwear to reduce by 16%

Regards,

Ravi

PNB Head and Shoulders

Hallo Friends,
Sorry for no postings these days.
But now you would hear from me frequently.

Amongst significant moves, PNB is creating Head and Shoulder Patter with neckline today broken.
I would advice people to go short on the with the stoploss at 443.
Target for this could well be 405-408.

The cache is that the bull market is still intact largely and no significant sign of reversal is there, so short positions may got hit by stoploss triggers,But keep strict stops to reduce the loss.

Thanks,
Ravi