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finance minister Arun Jaitley

Budget 2014-15 includes several measures to spur realty sector

Budget 2014-15 includes several measures to spur realty sector
A number of measures have been announced by the NDA government, in Budget 2014-15, to give a boost to the realty sector and trigger a much-required turnaround. Some of the main steps announced in that direction include Rs 7,060-crore allocation for developing 100 smart cities; reducing the size of projects eligible for FDI from 50,000 [...] Continue Reading »

FM raises deduction limit on interest on loan for self-occupied house property

FM raises deduction limit on interest on loan for self-occupied house property
Giving the housing sector a boost, Union Finance Minister Arun Jaitley has proposed in the Budget 2014-15 deduction limit on account of interest on loan with regard to self-occupied house property has been increased from Rs 1.5 lakh to Rs 2 lakh. In reference to the proposed move, Jaitley said that the high cost of [...] Continue Reading »

Budget 2014: New airports to be developed in smaller cities and towns

Budget 2014: New airports to be developed in smaller cities and towns
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 »

Budget 2014-15: Tax incentives proposed for REITs, InvITs

Budget 2014-15: Tax incentives proposed for REITs, InvITs
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 »

Budget 2014: An outlay of Rs 37,880-cr proposed for building 8,500 km roads

Budget 2014: An outlay of Rs 37,880-cr proposed for building 8,500 km roads
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 »

Budget 2014-15: Income tax rates unchanged; Direct Taxes Code revived

Budget 2014-15: Income tax rates unchanged; Direct Taxes Code revived
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 »

Budget 2014-15 — A ‘balanced’ budget

Budget 2014-15 — A ‘balanced’ budget
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 »

GST to be rolled out in this financial year: Finance Minister

GST to be rolled out in this financial year: Finance Minister
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 »

Increased tax exemptions to improve real estate and consumer durables sales

Increased tax exemptions to improve real estate and consumer durables sales
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 »

Central GST to boost growth plans for India Inc

Central GST to boost growth plans for India Inc
Arun Jaitley, the finance minister did the curtain raiser for the budget though the Economic Survey FY14 in the Parliament. The government is all set to provide boost to the farming sector, infrastructure financing, energy and taxation. Leading by example, Jaitley may announce a central goods and service tax (CGST) that combines excise duty and service [...] Continue Reading »



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