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March 2, 2001 | Feedback |
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Sector Focus : SugarState of industry (2000-01) Tariffs, prices and landed costs
1 Fob price. 2 Per cent. 3 In Rs per tonne, and includes a cess of Rs 140 per tonne levied under the Sugar Cess Act, 1982. 4 The domestic price is the wholesale price in the Mumbai market Source: CRIS INFAC
Budget impact Impact factors
Note: Figures in brackets indicate the closing share prices, on February 27, 2001 and February 28, 2001, respectively. pos= positive neg= negative neut= neutral. Source: CRIS INFAC A: The announced intention to decontrol the sugar sector is unlikely to have an impact on the industry, as the time frame for effecting the necessary regulatory changes is uncertain. B: The increase in the PDS issue price, from Rs 13 to Rs 13.25 would not affect the sugar producers, as the levy price of sugar remains unchanged. C: The reduction of surcharge on corporate tax, from 13 per cent to 2 per cent and the expected decline in interest rates, is expected to have a positive impact on producers. The likely decline in interest rates is expected to benefit the sugar industry significantly, due to the relatively high working capital borrowings. Rediff-CRISIL Budget Impact Analysis
Disclaimer: CRISIL has taken due care and caution in compiling this report. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CRISIL is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of its web site. |