interim budget 2014
The current budget emphasises on the economical use of resources and cuts down on expenditure. Looking at the condition of the central treasury, Jaitley’s budget does not emphasise on allotting budget for the infrastructure and other sectors, instead has opened the floodgate for FDI and retail investments in the forms of REITs and InvITs so [...] Continue Reading »
On Thursday as the Budget halted shortly after announcing measures to better big-bang issues and increasing measures to support growth, Indian equities felt more than their initial share of volatility. The budget spoke about the Centre’s commitment to fiscal prudence. The tug of war that existed between the bulls and bears was finally won by [...] Continue Reading »
Finance Minister Arun Jaitley has announced a number of measures, in Budget 2014-15, to increase agricultural production in the country. The measures announced by Jaitley are essentially aimed at bringing about a 4 percent growth in the agriculture sector in FY15, particularly in the wake of concerns with regard to a weak monsoon – projected [...] Continue Reading »
Finance Minister Arun Jaitley has given a much-required thrust to the real estate sector in Budget 2014, which includes a significant boost to low-cost and affordable housing. With sales in realty sector having been sluggish of late, the Budget brings noteworthy relief to the housing sector; with an allocation of Rs 4,000 crore for low-cost [...] Continue Reading »
With the Budget 2014-15, Finance Minister Arun Jaitley has pressed the acceleration pedal for the ‘infrastructure development’ in the country. Against the backdrop of the fact that slow approvals, disputes and scandals have dealt a severe blow to infrastructure development in the past, the NDA government has announced new initiatives for developing smart cities, airports [...] Continue Reading »
The Budget 2014-15 is widely being considered a ‘low key’ yet effective and far-reaching budget, especially from the tax perspective. The evident lack of needless flamboyance in the Budget is essentially a reflection of Finance Minister Arun Jaitley’s personal style. On the tax side, the Budget boasts of a number of far-reaching amendments which are [...] Continue Reading »
In a budgetary development which has come as a pleasant surprise to prospective borrowers of home loans, Union Budget 2014-15 comes with a hike in deduction on home loan interest under Section 24. Unfolding tax incentives on home loans, Finance Minister Arun Jaitley announced, during his maiden Budget speech, that deduction on home loan has [...] Continue Reading »
The new NDA government’s recently-presented first budget – the Budget 2014-15 – has given noticeable prominence to the real estate sector, which is awaiting a revival of sorts in recent times. With the realty sector nurturing the hope of rapid development and growth ever since the new government took charge, the Confederation of Real Estate [...] Continue Reading »
In the Union Budget 2014-15 presented on Thursday, July 10, Finance Minister Arun Jaitley has given the concept of ‘smart cities’ a big push. The Budget not only provides a fresh direction to the popular concept, but also unfolds a roadmap for its effective implementation. Jaitley has earmarked a sum of Rs 7,060 crore for [...] Continue Reading »
The purchase of homes has now become a tad more attractive, at least for the middle class — thanks to NDA government’s Budget 2014-15! In the Budget this year, the deduction against interest payment on home loan from the taxable income has been increased to Rs 2,00,000. It previously was Rs 1,50,000. The move implies [...] Continue Reading »
