finance budget 2014-15
Announcing the Union Budget 2014-15 on Thursday, Finance Minister Arun Jaitley said that air travel in the country will be notably improved through the development of new airports in smaller cities and towns. The government’s plans for better airport connectivity in regional areas are apparently rooted in the fact that though airport travel has increased [...] Continue Reading »
The Union Budget 2014-15 has given a noteworthy boost to the real estate and infrastructure sectors of the country. Among the key proposals of the government in the recently-presented Budget are tax incentives for two new investment products — Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The proposed tax incentives for REITs and InvITs will [...] Continue Reading »
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 »
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 »
The forthcoming Indian Budget 2014 to be presented by the Finance Minister Arun Jaitley has a lot of expectations from all the strata of the society. The realty sector is a critical sector of our economy and it has been struggling under high mounting debts and lowered demand. Since it has a multiplier effect on [...] Continue Reading »
Railway officials in Mumbai are hopeful that Prime Minister Narendra Modi’s new government will give a push to the first Mumbai-Ahmedabad high-speed train proposal in the 2014 Railway Budget — the first rail budget of the Modi government. The projections voiced by the Mumbai Railway officials about an expected push to the Mumbai-Ahmedabad bullet train [...] Continue Reading »
After the new government was formed at the centre, the real estate stakeholders had high hopes about the changes the government will implement in their favour. With the first Union Budget being presented by the new Government on July 10th, a lot of expectations are in the air. Real estate players are expecting clarity on [...] Continue Reading »
In its recently-released financial report for FY 14, bigwig engineering firm Larsen & Toubro (L&T) has posted earnings figures which have surpassed estimates; and has also set healthy growth targets for FY15. The healthy growth targets which L&T has set for 2014-15 underscore an optimistic outlook projected by the company because of the hope that [...] Continue Reading »
