Tata Steel seeks shareholders' nod for hike in borrowing limit

TataSteel Cmp 456.50Rs 2.10% Up.  Nifty Spot 40 points down.

The current borrowing level for Tata Steel is Rs. 283bn, says report.

Tata Steel is planning to borrow up to Rs. 500bn in loans as the company is comfortable to raise funds for capacity expansion, according to reports. Reports stated that the board agreed to raise the borrowing limit from Rs. 400bn and has sought shareholders' permission in an extraordinary general meeting. The current borrowing level for Tata Steel is Rs. 283bn, says report. The company would require funds to finance general corporate requirements and invest in subsidiaries, company reportedly said

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

RIL KG-D6 production hit to lowest level :reports (Reliance cmp 739Rs, 3.7% down)

Dhirubhai-1 and 3 gas fields in the eastern offshore KG—DWN—98/3 or KG—D6 block

Reliance Industries (RIL) largest gas fields in the KG-D6 fieldhas reportedly hit an all-time low production of about 28 million standardcubic meters per day as RIL shut six wells due to water and sand ingress. According to reports, Dhirubhai-1 and 3 gas fields in the easternoffshore KG—DWN—98/3 or KG—D6 block, which started production in April 2009 atthe rate of 30 mmscmd, saw output plummet to 28.16 mmscmd in the week endedMarch 4. Together with 6.46 mmscmd of gasproduction from MA oil field in the same area, KG-D6 block output in theFebruary 27 to March 4 averaged 34.62 mmscmd, reports added.

--

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Important to learn Indexation benefit in FMP's

What is cost inflation index and indexation ?

What is cost inflation index and indexation ? To understand indexation, let us quickly see what we mean by capital gains. If you sell an asset such as real estate, stocks, mutual funds, jewelery etc, you earn a profit from such a transaction. This profit is called capital gain. If you sell an asset after 36 months from date of purchase, the profit you make is called long term capital gain. If you sell an asset within a year of its sale, the profit you make is called short term capital gain. There are exceptions to these definitions but then this is an article on indexation !

However, like a nagging housewife who does not want to let go of  her husband's wallet, the government does not want to let go of its share in our monetary happiness – it wants us to share our capital gain in the form of capital gain tax which it levies. So, the tax you pay on your capital gains is called capital gains tax. Let us see the formula for capital gains (not capital gain tax).

Capital Gains = Full Value of Sale – Indexed Cost of Acquisition – Indexed Cost of Improvement – Any exemptions

Indexed Cost of Acquisition = Cost of acquisition * Cost Inflation  Index (CII)

Full value of sale is the actual cost at which the asset is sold. Note the word "indexed" in the formula above. Note the formula for indexed cost of acquisition. For this article let us forget Indexed Cost of Improvement and  exemptions so that it becomes easy  for us to understand indexation.

The cost of acquisition is nothing but the cost of purchase. Let us see what CII is.

Concept of Indexation

The value of a rupee today is not same as the value of a rupee tomorrow. The prices of basic essentials keep on rising, thanks to a factor called inflation. So, if it is fare to pay more for toothpaste over the years because of price rise (inflation), is it fair to pay capital gain tax without incorporating the effect of inflation on your purchase?

Let us understand this question first with an example.

Suppose you bought an apartment (capital asset) in January 2000 for Rs 20,000,00/- (purchase price) and sold it in January 2009 for Rs 35,000,00/- (sale price). Your profit (capital gains) on the deal is Rs 15,000,00/- (sale price minus purchase price). Should you pay capital gain tax on this entire amount ?

Thankfully, the taxman has a big heart as far as this matter is concerned. He lets you apply a concept called indexation so that you can show a higher purchase cost of the capital asset you bought which in turn lowers the overall profit and hence the tax that you pay to the government – and yeah, it's legal!

Why Indexation ?

The idea is that inflation reduces the asset value over a period of time and so the government is kind enough to allow us to jack up the purchase price of the asset and reduce the profit and hence the tax that we have to pay to it.

Indexation helps us to counter the erosion in the value of the asset over a period of time. Using the inflation index, one needs to increase the purchase price of the asset so that it reflects inflation-adjusted true price in the year in which it is sold.

How is indexation used in calculations – introducing Cost Inflation Index (CII) ?

In indexation and capital gain parlance, the purchase price is called indexed cost of acquisition. This means that the acquisition price (purchase price) is indexed by some factor. This factor is called the Cost Inflation Index (CII).

Let us see the formula for CII.

Cost Inflation Index (CII) =

(Cost Inflation Index (CII) for year in which asset is transferred or sold) / (Cost Inflation Index (CII) for year in which asset was acquired or bought)

The government publishes the indexation data for all the years. Here it is.

Cost Inflation Index for all years

Cost Inflation Index from FY 1981-82
FY	(CII)	FY	(CII)
1981-82	100	1996-97	305
1982-83	109	1997-98	331
1983-84	116	1998-99	351
1984-85	125	1999-2000	389
1985-86	133	2000-2001	406
1986-87	140	2001-2002	426
1987-88	150	2002-2003	447
1988-89	161	2003-2004	463
1989-90	172	2004-2005	480
1990-91	182	2005-2006	497
1991-92	199	2006-2007	519
1992-93	223	2007-2008	551
1993-94	244	2008-2009	582
1994-95	259	2009-2010	632
1995-96	281	2010-2011	711

In the example above, the year in which asset is transferred or sold is 2009 and the Cost Inflation Index (CII) for 2009 = 582

The year in which asset is acquired or bought is 2000 and the Cost Inflation Index (CII) for 2000 = 389

So the Cost Inflation Index (CII) = 582 / 389 = 1.49

The Cost Inflation Index (CII) is then multiplied with the purchase price to arrive at the indexed cost of acquisition which is the actual or true cost at the time of tax computation/calculation.

So, in the example above, the indexed cost of acquisition = 20,000,00 * 1.49 = Rs 29,92,288

Hence, long term capital gain = full value of sale – indexed cost of acquisition

= 35,00,000 – 29,92,288 = Rs 5,07,712

Tax liability on capital gain with indexation and without indexation

In case of long term capital gains, the tax liability is the lower of the amount arrived at by the two methods below :

# 20% tax liability arrived at by indexation method

# 10% tax liability arrived at by without using indexation method

In the example above, using indexation, the tax liability comes to (20/100) * 5,07,712 = Rs 101,542

If you were to not use indexation,

capital gains = sale price of asset – cost of acquisition = 35,00,000 – 20,00,000 = Rs 15,00,000

Capital gains tax on this at 10% = (10/100) * 15,00,000 = Rs 1,50,000

This is around 48% of what you would pay when you were to use indexation. So obviously, using indexation is better as you benefit in saving taxes.

So to recap :

• Indexation means incorporating the impact of inflation during the holding period of the capital asset by adjusting its purchase price so that the actual value of the asset is at par with the current market prices.
• The government publishes the inflation index factor each year.
• Indexation helps us to lower our capital gains tax.
• Indexation can be applied on improvements done to the house as well.
• Indexation calculations are different for properties passed on by inheritance.

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

IIFL FMP Series 3 - NFO closing on 29th March 2012

LinkedIn Rohit Saxena has sent you a message. Date: 3/21/2012 Subject: IIFL FMP Series 3 - NFO closing on 29th March 2012 IIFL FMP Series 3 - NFO closing on 29th March 2012 Key Highlights of the scheme · The Scheme Intends to Invest 95 – 100% in CDs (Certificate of Deposit issue by Banks / Financial Institutions with rating of AAA/A+ · As per present Income Tax laws, an investor can avail double indexation benefit while calculating his / her Capital gains from this investment (eg : Investment date is March 7th 2012 and it matures on April 3rd 2013 and hence the investor can avail indexation for two financial years) · Due to Double indexation the post tax return could be higher than post tax return from bank FD. Anyone wants to Invest let me know. Regards Rohit Saxena View/reply to this message Don't want to receive e-mail notifications? Adjust your message settings. © 2012, LinkedIn Corporation HDIL R1 call closed.......CHEERS!!!! CMP 102.10Rs , 8.80% up today Note R1- Resistance -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 HDIL Cmp 100.40Rs Todays High 7% Up today........CHEERS Trade Near to Resistance Level one. -- -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Buy HDIL between 95 to 95.5 for Target R1- 102Rs, R2- 107, R3- 110.50Rs with stoploss 92.5.......Rohit Saxena -- -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Friday, March 16, 2012 Union Budget Highlights 2012-12(Check Attachment-FM Speech) Dear All, Today's Budget is one of the biggest challenges of Pranab Mukherjee's long political career and the Finance Minister set the tone for it when he described the year gone by as a "year of recovery interrupted." He began with listing grim ground realities - the global economic scenario, the battle with double digit inflation and said it was time for tough decisions. Here are the highlights of this fiscal's financial budget. Income tax exemption limit raised to Rs.2 lakh to provide relief of relief of Rs.2,000 for all assessees; 20 per cent tax on income over Rs.10 lakh, up from Rs.8 lakh. Deduction of up to Rs.10,000 from interest from savings bank accounts. Defence to get Rs.1.93 lakh crore during 2012-13. Service tax rate raised from 10 per cent to 12 per cent to bring in Rs.18,660 crore. Number of proactive steps taken on black money (stashed away abroad); information has started flowing in, prosecution to be initiated; White Paper in current session. No change in corporate taxes but measures to enable them better access funds. Withholding tax on external commercial borrowings reduced from 20 per cent to five per cent for power, airlines, roads, bridges, affordable houses and fertiliser sectors. National Skill Development Fund allocated Rs.1,000 crore. Four thousand residential quarters to be constructed for paramilitary forces with an allocation of Rs.1,185 crore. National Population Register to be completed in two years. Excise duty raised from 10 to 12 per cent. Cinema industry exempted from service tax. Branded silver jewellery fully exempt from excise duty. Customs duty on warning systems/track upgrade equipment for railways reduced from 10 per cent to 7.5 per cent. Import duty on equipment for iron ore mining reduced from 7.5 to 2.5 per cent. Allocation of Rs.200 crore for research on climate change. Irrigation and water resource company to be operationalised. National mission on food processing to be started in cooperation with state governments. Integrated Child Development Scheme to be strengthened and restructured with allocation of Rs.15,850 crore. Allocation of Rs.14,000 crore for rural water supply and sanitation. Infusion of Rs.15,888 crore in public sector banks, regional rural banks and NABARD in 2012-13. Infrastructure will require Rs.50 lakh crore in 12th Plan, half of this from the private sector. Completion of highway projects 44 per cent higher than in previous fiscal. External commercial borrowing of up to $1 billion permitted for airline sector. External commercial borrowings permitted to low-cost housing sector. From 2012-13, full subsidies for providing food security; in other sectors to the extent the economy can bear this. Hope to raise Rs.30,000 crore from disinvestments. New equity savings scheme to provide for income tax deduction of 50 per cent for those who invest Rs.50,000 in equity and whose annual income is less than Rs.10 lakh. Corporate market reforms to be initiated. Bills on micro-finance institutions, national land bank and public debt management among those to be introduced in 2012-13. Addressing malnutrition, black money and corruption in public life among five priorities in year ahead. India's inflation structural, driven largely by agricultural constraints. Current account deficit 3.6 per cent in 2011-12; this put pressure on exchange rate. Growth in 2012-13 estimated at 7.6 per cent; expect inflation to be lower. Better monitoring of expenditure on government schemes. Fiscal 2011-12 year of recovery interrupted; reality turned out to be different. GDP growth in 2011-12 estimated at 6.9 per cent; had to battle double digit inflation for two years. Good news: agriculture and services continued to perform well; economy is now turning around; recovery in core sectors. Now at juncture where it is necessary to take hard decisions; have to accelerate pace of reforms. Note:- Please see the Find attachment Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Bank Nifty future Support level 1- 10600 Achieved Bank Nifty Future Cmp 10460 near to 2nd support level 10440. -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Update on M&M as per 29th Feb and 1st march Updation. M&M Cmp 684Rs, 4% Up now, todays high 697.60RS - -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 FM begins Budget speech amid chaos in LS The Lok Sabha Speaker had to intervene to calm down the members and let the Finance Minster present the Budget. Finance Minister Pranab Mukherjee has begun his Budget speech in the Lok Sabha amid noisy scenes in the parliament. The Lok Sabha Speaker had to intervene to calm down the members and let the Finance Minster present the Budget. No room for complacency or excuses for poor GDP growth in FY12: FM Slowdown in FY12 can be attributed to weakness in industrial sector: FM FM: For Indian economy, it was a year of recovery interrupted FM: We will be misled if we ignore the realities of the world FM says India will have to accelerate economic reforms Need to address the problem of Black Money: FM Just words not enough, India needs credible road map for growth: FM Manufacturing appears to be at the cusp of a revival: FM Headline inflation to moderate in next few months: FM We have to accelerate pace of reforms and improve supply-side management: FM The global crisis hit the Indian economic growth in 2011-12. The Middle East crisis and debt worries in EU have intensified. The performance this year (FY12) was disappointing but as compared to peers India was better placed in terms of GDP growth. Agriculture and serivces continued to perform well: FM Indian economy is now turning around: FM Recovery is also seen in core sectors: FM Exports grew by 23%, imports grew by 29%: FM Development in external trade encouraging: FM Expect current account deficit to decrease next year: FM India's GDP is estimated to grow at 6.9% in FY12: FM Current account deficit to be at 3.6% of GDP in FY12: FM Central subsidies to be kept under 2% of GDP in FY13: FM Need to raise tax-GDP ratio for fiscal consolidation: FM Decided to fully provide for food subsidy in the budget: FM FM targets Rs. 300bn through PSU divestment in FY13 Efforts on to arrive at consensus with states over FDI in retail: FM FM targets GDP growth at 7.6% in FY13 GST to be operational by August 2012: FM FM aims to lower subsidy spend to 1.7% of GDP over next 3 years Central subsidies to be kept under 2% of GDP in FY13: FM Need to raise tax-GDP ratio for fiscal consolidation: FM Decided to fully provide for food subsidy in the budget: FM FM targets Rs. 300bn through PSU divestment in FY13 Efforts on to arrive at consensus with states over FDI in retail: FM FM targets GDP growth at 7.6% in FY13 GST to be operational by August 2012: FM FM aims to lower subsidy spend to 1.7% of GDP over next 3 years Now at a juncture where we have to take tough decisions to boost growth: FM Pilot project for direct transfer of subsidiary for kerosene initiated in Alwar, Rajasthan: FM To implement DTC at the earliest: FM Food Security Act will be fully provided for: FM Govt will continue to hold 51% stake in state owned companies: FM To introduce Rajiv Gandhi equity scheme for retail investors: FM PAN identity for direct, indirect taxes to check tax evasion: FM Budget to provide Rs. 158.88bn for recapitalisation of PSU banks, RRBs: FM Govt to include advance pricing in Finance Bill 2012: FM To roll out computerized scheme for fertilizer subsidy transfer: FM I-T deduction of 50% on investments of up to Rs. 50,000 in savings scheme named after Rajiv Gandhi Infrastructure spending in 12th Plan estimated at Rs. 50 lakh crore: FM Infrastructure tax-free bond limit enhanced to Rs. 600bn: FM Civil aviation cos can borrow up to US$1bn via ECBs for working capital requirements 8,800 km national highways to be developed by NHDP: FM IPO equity offer above Rs. 100mn to be made electronically: FM First infrastructure debt fund worth Rs. 80bn established: FM Share of manufacturing in GDP will be increased: FM Tax exemption on individual share investment below Rs. 10 lakh: FM To allow ECB to part finance power rupee debt: FM New urea policy to make India self sufficient in urea in 5 years: FM Nandan Nilekani panel recommendations on direct transfer of subsidy accepted: FM 1% interest subvention on home loans up to Rs. 15 lakh: FM FDI in aviation is under active consideration: FM Outlay for Agriculture for FY13 up 18% from Rs. 17,123 crore to Rs. 20,208 crore: FM Target for Agri Credit increased to Rs. 5,75,000 crore: FM Rs. 242 crore project with World Bank aid to improve dairy production: FM Telecom towers made eligible for viability gap funding: FM Debt waiver package of Rs. 3884 cr for weavers: FM FM proposes National Mission for food processing Rs. 10,000 crores allocated to NABARD to fund RRBs: FM Govt to allow Qualified Foreign Investors in Indian corporate debt markets: FM To allocate Rs. 14,232 cr to UID project, up 13% in FY13: FM Rs. 14000 crore for rural drinking and sanitation in FY13: FM Govt to set up Rs. 5000 crore venture fund for MSME sector: FM FY13 mid-day meal scheme outlay at Rs. 11,937 cr: FM FM proposes to set up 6,000 schools in 12th five year plan FM proposes credit guarantee fund for education loans Rs. 20,822 crore for National Rural Health Mission vs Rs. 18,115 crore: FM To submit white paper on Black Money in Parliament: FM Rs. 25,555 cr for Right to Education in FY13: FM Direct tax collection down by Rs. 32,000 in FY12 Fiscal deficit at 5.9% of GDP in FY12: FM Fiscal deficit estimated at 5.1% of GDP in FY13: FM No change in Corporate Tax rate Withholding tax on ECBs reduced to 5% from 20%: FM Income Tax exemption of up to Rs. 2 lakh for individual tax payers: FM Deduction of up to Rs. 10,000 on interest on Savings Bank Accounts: FM Non-plan expenditure for FY13 to grow 18% to Rs. 9.69 lakh crore, mainly due to subsidies: FM STT reduced by 20% on delivery based transactions: FM Rs. 193,407 cr provision made for defence services Total expenditure outlay for FY13 at Rs. 15 lakh crore: FM Income Tax on income of Rs. 5 lakh to Rs10 lakh will be 20%: FM Income Tax slabs for individuals: Rs. 2 lakh-5 lakh: 10%; Rs. 5-10 lakh: 20%; and above Rs. 10 lakh 30% Revenue deficit for FY13 projected at Rs. 1,85,752 crore: FM All services brought under Service Tax net except negative list of 17: FM Exemptions in direct taxes to cause net loss of Rs. 4500 cr: FM Total debt of Centre will be 45%  of GDP in FY13: FM Standard excise duty hiked to 18%: FM Service Tax increased to 12% from 10% earlier: FM No capital gains tax from sale of property if money invested in SME: FM Interest income from banks tax-free up to Rs. 10,000: FM No advance tax requirement for senior citizens: FM Interest income from banks tax-free up to Rs. 10,000: FM No advance tax requirement for senior citizens: FM Govt services, public transport exempt from service tax: FM No change in peak custom duty: FM To hike duty on large cars to 27%: FM Excise duty for large cars raised from 22% to 24% Customs duty reduced from 7.5% to 2.5% for iron ore equipment Thermal power companies exempted from customs duty for 2 years 5% customs duty exempted on equipment for fertilizer plants -- -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Good News for Investor in this Budget Dear All, India will get an equity investment scheme aiming to deepen capital markets, to be named after Rajiv Gandhi, Finance Minister Pranab Mukherjee said in the Budget speech Friday.   As per the scheme, those having annual income below Rs 1 million will get a 50% reduction in income tax for investment worth up to Rs 50,000 in equities. -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Update : Support and Resistance Level of spot Nifty and Bank Nifty Futures Bank Nifty Future Level Resistance level 1:-  10870 achieved. - -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Stay with Reliance Capital Cmp 413Rs and make avarage at this level......Rohit Saxena -- -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Support and Resistance Level of spot Nifty and Bank Nifty Futures Nifty Spot Support Levels :-   Sup 1 :- 5350 & Sup 2:- 5290   Res 1:- 5440 & Res 2 :- 5500   Bank Nifty Futures Level :-   Supp 1:- 10600 & Supp 2:- 10440   Res 1:- 10870 & Res 2:- 11095 -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Thursday, March 15, 2012 Support and Resistance level of Nifty and Bank Nifty Dear All,   Nifty Spot levels:-   Support1 : 5405 and Support 2: 5350 Resistance 1:- 5500 and Resistance 2:- 5545   Bank Nifty future levels:-   Support level 1:- 10900 and Support 2:- 10730 Resistance level 1 :- 11095 and Resistance 2 :- 11250 -- -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Wednesday, March 14, 2012 Stay with Reliance Capital....Rohit Saxena Relcap cmp 435Rs. - -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Highlights of Railway Budget 2012-13 The recommendations of the Anil Kakodkar Committee on Indian Railway's safety will be implemented. Railway Minister Dinesh Trivedi proposes to set up an independent Railway Safety Authority. To form a panel to examine the current safety standards in Indian Railways. Indian Railways will target zero deaths by preventing train accidents. All railway level crossings will be removed in the next five years. To create SPV to eliminate all level crossings. The recommendations of the Anil Kakodkar Committee on Indian Railway's safety will be implemented. Railway Minister demands Budgetary Support of Rs. 2.5 lakh from the Government for FY13. Rs. 5 lakh crores needed under the Prime Minister's scheme. Rs. 14 lakh crores are required over the next decade. Railways must get at least 10% of Government's infrastructure funds. Proposes formation of Railway Research Development Council. Indian Railways has large basket of pending projects. Most ongoing projects cannot be completed in a time bound manner due to paucity of funds. Need viable funding mechanism to complete the ongoing projects. 487 Rail Gauge projects worth Rs. 1 lakh crore have been approved. Railways aims for an operating ratio of 84.9% in FY13 vs. 95% now. Indian Railways aims to cut the operating ratio to 74% in future. The 12th five-year plan investment on Indian Railways is pegged at Rs. 7.35 lakh crores. The internal resources of railways are pegged at Rs. 1.99 lakh crores. Proposes to account for 2-2.5% of GDP as against 1% at present. Railways must grow at 10% annually to sustain India's GDP growth. Need a national policy for Indian Railways. Signaling systems of Indian Railways will be modernized. To facilitate running of heavier and longer freight trains. Proposes investment of Rs. 18,193 crores in rolling stock for FY13. Investment of Rs. 1.7 lakh crores required over the next five years. Proposes formation of Indian Railways Station Development Corporation. The Railway Safety Fund is pegged at Rs. 16,842 crores. Proposes 100 stations through PPP route over the next five years. Development of new stations will create 50,000 jobs. FY13 market borrowings pegged at Rs. 50,000 crores. Rs. 6,870 crores earmarked for new line projects in FY13. Gross Budgetary Fund is pegged at Rs. 24,000 crores. Proposes Rs. 6,647 crores for track modernisation. 6,500 km to be electrified in the 12th Five-Year Plan. Rs. 4,410 crores allocated for capacity augmentation. Need Rs. 45,000 crores budgetary support in FY13 vs Rs. 24,000 crores. Alternative train accommodation system for waitlisted passengers proposed. Special housekeeping body proposed for cleanliness on trains, stations. Cleanliness standards to be improved within next six months. Proposal for escalators on stations, book-a-meal, AC lounge to accommodate wait listed passengers. Project proposed to connect Agartala to Bangladesh. A railway design centre to be set up at NID. Dedicated freight corridor from Ludhiana to Dankuni and Dadri to JN Port. Elevated car project from Churchgate to Virar through PPP route to be studied. Attempt to increase train speeds to 160 kmph. Conversion of DC to AC completed n western railways in Mumbai. Special coaches planned for differently-abled. 31 projects of over 5,000 km being implemented with the support of state governments. More than 1 lakh persons to be recruited by Railways in 2012-13. 2500 coaches to be equipped with DRDO developed bio-toilets. Proposal to set up special housekeeping body to ensure cleanliness in trains, stations. Propose to manufacture disabled friendly coaches with 2 attendants. Plan to set up rail coach factory in Kerala. Railways to have two new board members for PPP and Marketing, and for Safety. Improvement of passenger amenities at a cost of Rs. 1,112 crore. Proposes to upgrade 929 stations across the country. Plan to set up three disaster management training centres at Bengaluru, Kharagpur and Lucknow. -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Railway identifies 5 focus areas for infra development The areas are Tracks, Bridges, Signaling & Telecommunications, Rolling Stock and Stations & Freight Terminals. Five focus areas have been identified to strengthen the basic infrastructure of Indian Railways resulting in safety, decongestion, capacity augmentation and modernization of systems, creating more efficient, faster and safer railways. The areas are Tracks, Bridges, Signaling & Telecommunications, Rolling Stock and Stations & Freight Terminals. The Minister of Railways Dinesh Trivedi introducing the Railway Budget for 2012-13 in Parliament today said, these areas have been chosen from the recommendations of Kakodkar and Pitroda Committees. He said, the Annual Plan outlay for the year 2012-13 has been targeted at Rs. 60,100 crore, which is highest ever plan investment. The plan would be financed through:- Gross Budgetary Support of Rs. 24,000 crore; Railway Safety Fund of Rs. 2,000 crore; Internal Resources of Rs. 18,050 crore; and Extra Budgetary Resources of Rs. 16,050 crore, which includes market borrowing of Rs. 15,000 crore through IRFC. -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Go with Reliance Capital.......Rohit Saxena Reliance Capital Cmp 442Rs, Target R1- 464Rs, R2- 486Rs, R3- 508Rs. Stop[loss 432Rs -- -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Bank Nifty......Call Closed Bank Nifty todays High 10904......CHEERS!!! Bank Nifty......Call Closed in 2 trading session.   -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Tuesday, March 13, 2012 Update: Go with L&T for Intraday.....Rohit Saxena L&T cmp 1363Rs, after 12pm stock make high of Rs 1369.70Rs but not met the target of 1380 Rs. book what ever you are getting and make new position tommrow.   -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Go with L&T for Intraday.....Rohit Saxena Go with L&T cmp 1360Rs, target 1380, stoploss 1355 strictly follow.  -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Bank Nifty on the way With the target of 10900.....CHEERS!!! Bank Nifty March Future on the way Cmp 10800........CHEERS!!!!   Yesterday closing was 10675 -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Monday, March 12, 2012 Long Bank Nifty With the target of 10900 in this month.....Rohit Saxena -- -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Wednesday, March 7, 2012 Technical Outlook on Nifty.....Analysist Dear All, As pointed out in my earlier reports, Nifty retraced to 5200 levels on Tuesday's trade from the recent peak of 5630. 5210 being the 61.8% retracement level of this rally from 4531 to 5630, though it was breached intraday, Nifty managed to close above the same at 5222. The crucial falling trend line above which Nifty broke out in the first week of February is extended to 5200 now. Incase Nifty open weak tomorrow and holds around or above 5165 which is the current 200 DMA, Buying in index can be initiated with 5165 as the stop loss on closing basis. The Golden Cross will take place in the next few sessions if Nifty manages to bounce back from above level. As mentioned in the previous reports, the currently rally will come to a close if Nifty closes below the 200 DMA. Support       :  5200 5165 5139 5080 Resistance :   5255 5268 5280 5307 -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Thursday, March 1, 2012 Buy and Hold M&M....Make Average @ 660Rs M&M Stock will break 666Rs level then you will make average @ 660Rs. -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Buy and Hold M&M....Rohit Saxena Buy M&M, Cmp 697Rs (buy between 677Rs to 697) Target 732Rs, 5% Up Side in short term. -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 View on market Dear Investor, Market having major support @ 5280 incase mkt will reach 5320 then start make long position. -- Thanks and Regards    Rohit Saxena Phone No: 09899365905 Mail Id: simmi9sep@gmail.com Losers say it is hard and impossible, but winners say it is hard but not impossible."                 Subscribe to: Posts (Atom) Important Stock Market Dates MARKET CALENDAR Search Markets Powered by The Economic Times Total Pageviews Followers Pages Home Stocks Insurance Mutual Funds Tax Planning Live Market Report - Sify.com Finance Loading... Archive ►  2013 (36) ►  November (2) ►  October (1) ►  September (1) ►  August (1) ►  July (2) ►  June (1) ►  May (1) ►  April (1) ►  March (8) ►  February (6) ►  January (12) ▼  2012 (162) ►  December (2) ►  November (1) ►  October (4) ►  September (4) ►  August (6) ►  July (24) ►  June (19) ►  May (27) ►  April (9) ▼  March (29) Tata Steel seeks shareholders' nod for hike in bor... RIL KG-D6 production hit to lowest level :reports ... Important to learn Indexation benefit in FMP's IIFL FMP Series 3 - NFO closing on 29th March 2012 HDIL R1 call closed.......CHEERS!!!! HDIL Cmp 100.40Rs Todays High 7% Up today........C... Buy HDIL between 95 to 95.5 for Target R1- 102Rs, ... Union Budget Highlights 2012-12(Check Attachment-F... Bank Nifty future Support level 1- 10600 Achieved Update on M&M as per 29th Feb and 1st march Updation. FM begins Budget speech amid chaos in LS Good News for Investor in this Budget Update : Support and Resistance Level of spot Nift... Stay with Reliance Capital Cmp 413Rs and make avar... Support and Resistance Level of spot Nifty and Ban... Support and Resistance level of Nifty and Bank Nifty Stay with Reliance Capital....Rohit Saxena Highlights of Railway Budget 2012-13 Railway identifies 5 focus areas for infra develop... Go with Reliance Capital.......Rohit Saxena Bank Nifty......Call Closed Update: Go with L&T for Intraday.....Rohit Saxena Go with L&T for Intraday.....Rohit Saxena Bank Nifty on the way With the target of 10900....... Long Bank Nifty With the target of 10900 in this m... Technical Outlook on Nifty.....Analysist Buy and Hold M&M....Make Average @ 660Rs Buy and Hold M&M....Rohit Saxena View on market ►  February (17) ►  January (20) ►  2011 (250) ►  December (23) ►  November (13) ►  October (19) ►  September (24) ►  August (20) ►  July (20) ►  June (7) ►  May (17) ►  April (24) ►  March (35) ►  February (22) ►  January (26) ►  2010 (61) ►  December (10) ►  November (18) ►  October (17) ►  September (4) ►  August (3) ►  May (2) ►  April (2) ►  March (2) ►  February (1) ►  January (2) ►  2009 (13) ►  December (1) ►  November (1) ►  October (2) ►  September (2) ►  August (1) ►  July (2) ►  April (1) ►  February (1) ►  January (2) ►  2008 (59) ►  December (2) ►  November (3) ►  October (2) ►  September (1) ►  August (3) ►  July (3) ►  June (4) ►  May (4) ►  April (9) ►  March (7) ►  February (11) ►  January (10) ►  2007 (79) ►  December (10) ►  November (4) ►  October (14) ►  September (10) ►  August (16) ►  July (16) ►  June (1) ►  April (3) ►  March (4) ►  February (1) Stock Tip Links Tips Repots Services For insurance advices please contact: Mr. Venkat mail id : sriram.adviser@gmail.com Contact: +91-9741598945 (India)                 +1-408-250-9952 (USA) News Centre@myiris.com India's Most Comprehensive Financial Destination Loading... Articles How inflation pinches your wallet How CRR hike affects the common man Budget: Impact on investments and savings How to reduce investing risks