Budget 2014
The CEO and Managers of prominent companies give their opinion on whether the new budget will open the door for real estate growth and development in the country. R. Nagaraj, President of CREDAI Karnataka, is optimistic about this year’s Union Budget allocation towards infrastructure and real estate development. According to him, domestic and Foreign Direct [...] Continue Reading »
There is some good news for India’s entertainment and other industries as the government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India). This will pump in a total investment of Rs 2,326.72 crore into the Indian economy. However the government has not only cleared the FDI proposals, [...] Continue Reading »
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »
In the Budget 2014, which was presented by Union Finance Minister Arun Jaitley on Thursday, scope of planning for tax liability arising out of ‘capital gains’ – that is, profits on sale of assets like real estate, gold, or shares – has been reduced. In addition, some evident loopholes in the system have also been [...] Continue Reading »
The Union Budget might have missed on the tax concessions for Special Economic Zones or SEZs but the government has been working out on the comprehensive packages for the special zones to increase their exports, other investments, in other words increase their economic activities. The government intend to offer the SEZs some packages for their [...] Continue Reading »
The Union Budget, which was presented by Arun Jaitley, the Finance Minister on 10th of July, will help in boosting the business in the real estate industry. The Tax benefits that have been given in the hands of people, especially income tax exemption against the interest in housing loans, will help people in building a [...] Continue Reading »
The maiden Budget, presented by Arun Jaitley, the finance minister motivates people to buy a house. A first time home buyer who is thinking of buying a house for a long time, but always delayed the plan only to avoid the burden of high inflation or a service loan which has an ever increasing interest [...] Continue Reading »
The 2014 Budget proposals to allow FDI in the housing sector and tax incentives for REITs (Real Estate Investment Trusts) was welcomed with much joy by realty experts. They believe that by doing so, the chances for creating affordable housing will increase, and help improve investment flows. Announced by Finance Minister Arun Jaitley, the Budget [...] Continue Reading »
With the National Democratic Alliance (NDA) aiming to take the economy to a sustained growth rate of 7-8% within the next couple of years and increase job opportunities, Finance Minister Arun Jaitley announced new measures to improve roads and boost construction. The road sector was the focus during the previous NDA government as well. Arun [...] Continue Reading »
Earlier this week, CII (Confederation of Indian Industry) officials and other eminent industrialists had gathered at an interactive session in New Delhi to watch the live telecast of the 2014-2015 General Budget. The industry and its leaders have welcomed the Modi government’s first budget as reformist, one that will help create more job opportunities and [...] Continue Reading »
