Budget 2015: Gainers And Losers

By siliconindia | Tuesday, 03 March 2015, 13:20 Hrs

# Public Sector Banks

To encourage the capital reserves, the government has made a steady decision of investing $1.3 billion into state-owned banks in the next fiscal year, which means that public sector banks have to cut short their lending.

# Cigarettes

Probably the tobacco market covers the major section of our economy, and it seems the tobacco sector will get disturbed in big way as cigarette prices will rise up by 10-15 percent.

The Indian cigarette companies like ITC, VST, Godfrey Phillip and NTC Industries have to seriously look ways on how to handle with the price hikes.

And the price-hike won’t stop here; there will be further raise in the prices again as excise duty on cigarettes and cigars will increase in the fourth successive year.

# Restaurants

The increase in service tax from 12.36 percent to 14 percent has taken the sweat out of all the big restaurant owners.

According to Amit Jatia, vice-chairman of Westlife Development, the operator of McDonald's outlets across western and southern regions of the country, “The change in service tax will be implemented across all our restaurants as and when it is enforced,” reports ET.