01-Mar-2011 3:03 PM
India's 2011/12 budget to support infrastructure development
Analysis
The government assigned USD2 billion in funding for airport development. Air travel has not been unscathed, however, with the Union Government introducing a new service tax on air travel.
In trading yesterday, Indian infrastructure companies finished stronger, with GMR Infrastructure gaining 3.1% and GVK infrastructure up 2.1%
Selected ABD daily share price movements (% change): 28-Feb-2011