Budget 2014
In Budget 2014-15, presented by Finance Minister Arun Jaitley on Thursday, an outlay of Rs 37,880 crore has been proposed to be sanctioned for building 8,500 km of National Highways and roads in the country during the ongoing fiscal year. Proposing to sanction the mentioned outlay, Jaitley said that the National Highways Authority of India [...] Continue Reading »
In the Budget 2014-15, presented by Finance Minister Arun Jaitley on Thursday, income tax rates remain unchanged; while a proposal for reviving the revised Direct Taxes Code (DTC) will be considered by the government after taking into account the comments of stakeholders. With the promise that no tax changes will be brought on with retrospective [...] Continue Reading »
The Budget 2014-15 – presented by Finance Minister Arun Jaitley on Thursday – marked the maiden Budget of the newly-formed NDA government. Experts are of the opinion that the Budget is quite a ‘balanced’ one. Pushing for an all-encompassing agenda, the Budget predominantly underscores the new government’s comprehensive focus on macro-economic stabilisation, reduced inflation, sustained [...] Continue Reading »
The Finance Minister Arun Jaitley statement todaythat a solution to the issues relating to the comprehensive indirect tax regime might be finalised in the current year itself, brought a lot of cheer to the industry.Jaitley wants to roll out Goods and Services Tax (GST) and wants to give a boost to the industries and increase [...] Continue Reading »
The Narendra Modi government’s maiden Budget is targeting on increasing consumer demand in the economy by increasing disposable income in the hands of people. The budget wants to give the much awaited boost to the real estate sector, which not only boosts demand for housing, but other consumer durables as well. Since after buying a [...] Continue Reading »
The maiden Budget of the Narendra Modi government is welcomed hugely by the real estate industry as with the announcement of REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) will bring in investors. The vision of providing ‘housing for all’ Indians by 2022 got more clarity during the budget session. REITs have the [...] Continue Reading »
What was speculated earlier that the developers will not show much interest in the low budget housing as the profit margins are low is not true. Modi’s election manifesto stated loud and clear that the government will provide housing for all by 2022 and will eradicate slums completely especially in urban and semi-urban areas. This [...] Continue Reading »
India Inc. is waiting for the maiden budget of the Modi Government to be presented on July 10, with a bated breath. The realty sector which is reeling under the pressure of debt and sluggish demands is waiting for the some of their long-awaited demands to come to reality and give a turnaround to the sector. [...] Continue Reading »
Chief Ministers from various states have received a request from the ministry of health and family welfare to find out a suitable land for setting up AIIMS in their respective states. This initiative has been taken to meet the needs of the various states for health related problems. Health Minister, Harsh Vardhan stated that the [...] Continue Reading »
According to Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Finance Ltd, the 2014 Rail Budget has – unlike the Rail Budgets of the previous years – broadened the scope of participation of the private sector. The observation by Kanoria comes against the backdrop of the fact that the Rail Budget this year is largely [...] Continue Reading »
