INDIA FINANCE MINISTER: - MID SIZED AND LARGE CARS WITH ENGINE CAPACITY EXCEEDING 1500 CC TO ATTRACT 40% RATE. TAX ON EVS CONTINUES TO BE AT 5%(NEUTRAL FOR TATA MTR & M&M) - TAX RATE ON CEMENT REDUCED FROM 28% TO 18% (SUPPORTIVE FOR ULTRACEMCO, GRASIM, RAMCO, AMBUJA) - GST ON 33 DRUGS AND MEDICINES CUT TO NIL FROM 12% (SUPPORTIVE FOR GLENMARK, ZYDUS LIFE, NATCO & MEDPLUS) - EXEMPTS LIFE, HEALTH INSURANCE FROM GST (SUPPORTIVE FOR NIACL, STAR HEALTH, PBFINTECH) - CIGARETTES WILL CONTINUE AT EXISTING GST RATE (RELIEF FOR ITC, VST & GODFREY) - ALL BREADS EXEMPTED FROM GST (POSITIVE FOR JUBLFOOD, BRITANNIA, DEVYANI)