Budget Impact on FMCG Sector        (updated - 07 July 2009)
Looking at the opportunity and growth in rural sector, FMCG companies are now focussing on the rural region for their volume growth.

The focus on rural sector in the budget -- like increase in agriculture credit flow to Rs 325,000 crore, allocation of loan to farmer up to 3 lakh at the rate of 7%, and144% increase in allocation for National Rural Employment Guarantee Scheme to Rs 39,100 crore -- will give the required boosts to the FMCG industry.

Along with it, an increase in teh exemption limit in personal income tax by Rs 15,000 to Rs 2.40 lakh for senior citizens; by Rs 10,000 to Rs 1.90 lakh for women tax payers; and by Rs 10,000 to Rs.1.60 lakh for all other categories of individual taxpayers, eliminating the surcharge of 10% on personal income-tax, abolition of Fringe Benefit Tax (FBT) and introduction of the Goods and Services Tax with effect from April 1, 2010 will the help the FMCG sector to continue it moment for the FY09.

Budget Impact on FMCG Sector               

Disclaimer: Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. Stock quotes are believed to be accurate and correctly dated, but does not warrant or guarantee their accuracy or date.
Our site takes no responsibility for any investment decisions based on recommendations provided on website.