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Finance ministry

Increase In NPAS On Home Loans

Increase In NPAS On Home Loans
Non Performing Assets or NPAs are on the increase of over Rs.1000 crore over the 6 months duration of the calendar 2014. The default payment by the home loan customers are on the rise. Around Rs.6200 crores is said to be the total of the various banks lending such loans to the customers. Details According [...] Continue Reading »

REIT Listings to be Conducted with Greater Transparency

REIT Listings to be Conducted with Greater Transparency
Reports received from a senior executive of the Securities and Exchange Board of India (SEBI) revealed that a greater deal of transparency will be ushered in by the Real Estate Investment Trusts with the objective of attracting more global funds. Several norms for the listing of business trust structures, REITs and Infrastructure Investment Trust were [...] Continue Reading »

Centre readying simplified norms to facilitate NRI investments in India

Centre readying simplified norms to facilitate NRI investments in India
Finance Minister Arun Jaitley has recently tasked a high-level panel led by Finance Secretary Arvind Mayaram to sketch out a new framework to facilitate Non-Resident Indians (NRIs) to make investments in the country. The Centre’s efforts in having a new framework outlined for NRI investments in India is an apparent indication of the fact that [...] Continue Reading »

Newly-formed highway committee to hold its first meeting on Sept 13

Newly-formed highway committee to hold its first meeting on Sept 13
The newly-constituted highway committee under Roads Secretary Vijay Chibber will hold its first meeting on September 13. The committee comprises representatives from the Planning Commission and the Finance Ministry. Set up in accordance with the directions of the Cabinet Committee on Economic Affairs (CCEA), the new committee has been formed to give the Roads Ministry [...] Continue Reading »

SEZ revival policies to be drafted soon: DIPP

SEZ revival policies to be drafted soon: DIPP
The government is working towards restoring the concessions provided to special economic zones (SEZs). In the past few years the SEZs had lost their sheen due to various factors. The issue of minimum alternate tax (MAT) and dividend distribution tax (DDT) has been taken up with the finance ministry. Since these taxes were levied on [...] Continue Reading »

Finance Ministry mulling a package of tax and non-tax issues to revive SEZs

Finance Ministry mulling a package of tax and non-tax issues to revive SEZs
A senior Finance Ministry official has revealed that the government is mulling a proposal to revive Special Economic Zones (SEZs); and, towards that end, has efforts underway to come up with a package of tax and non-tax incentives. The official also disclosed that a final view of the package for reviving SEZs will likely be [...] Continue Reading »

Smart cities might be financed by the Municipal bonds

Smart cities might be financed by the Municipal bonds
The government wants to give a thrust to the nascent municipal bonds market. It has identified it as one of the ways to raise finances for infrastructure, including creation of 100 smart cities proposed in the FY15 budget. A government official mentioned that the government has options like PPP (Public- Private Partnership), infrastructure bonds, etc. [...] Continue Reading »

IT Dept to Tax Unsold Property

IT Dept to Tax Unsold Property
Times are a changin’ if home prices become cheaper because of a proposal made by the revenue department that is still under consideration. The proposal demands that builders pay tax on their unsold inventory as this comes under stock-in-trade policy that is subject to taxation under ‘income from house property’, regardless if they are not [...] Continue Reading »

Real estate deals by foreigners will be tracked by the state governments: Finance Ministry

Real estate deals by foreigners will be tracked by the state governments: Finance Ministry
The matter of registration of immovable property purchased by foreign nationals seems to be under the radar of the finance ministry now. The Finance Ministry has advised the State Government authorities to be ‘extra vigilant’ on this matter. The State Government authorities need to satisfy themselves about the eligibility of foreign nationals under the Foreign [...] Continue Reading »

Key moves in implementing budget plans to be taken by 10th of August

Key moves in implementing budget plans to be taken by 10th of August
The present government in their first budget may not have had made a big splash as that had been expected but the administration plans that move at the fast speed is ensuring that its proposals are actually being implemented over the next few weeks and that the prime minister is able to celebrate this in [...] Continue Reading »



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