After registering negative growth for the last fiscal, things are set to get worse for consumer durable companies. That is because many major banks and finance companies have stopped disbursing loans to the sector.
The excise cut of 2 per cent is counterbalanced by an increase in abatement.
http://www.ibnlive.com/news/consumer-goods-sector-unhappy-with-budget/60456-27.html
FM advised banks to ensure adequate loans to housing, consumer durables sectors.
http://www.ibnlive.com/news/ensure-adequate-loans-for-housing-sector-fm/58789-7.html
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