Budget 2011
Reserve Bank Deputy Governor Subir Gokarn welcomed the budget proposals to check fiscal deficit by keeping a tab on the subsidy bill, saying they are the right steps towards fiscal consolidation and offer the central bank more leg-room on monetary policy front. The Budget proposed to bring down fiscal deficit to 4.6% next fiscal from [...] Continue Reading »
Budget 2011: Raising the priority home loan limit from Rs 20 lakh to Rs 25 lakh is good news for the low-income group segment. This will boost the affordable housing segment. However, this will not benefit the home buyers in metropolitan cities. The interest subsidy of one per cent on housing loans of up to [...] Continue Reading »
Budget 2011-ASSOCHAM has demanded an extension for deduction of interest on Housing Loan and recommended that the time limit be extended to 5 years Associated Chambers of Commerce and Industry of India (ASSOCHAM) has demanded an extension for deduction of interest on housing loan. As an apex industry body, ASSOCHAM represents the interests of industry [...] Continue Reading »
