Prime Minister Narendra Modi
India has warmed to the idea of the BCIM (Bangladesh-China-India-Myanmar) corridor that could prove to be a game-changer in regional linkages among the four countries. The BCIM corridor, long promoted by China, is intended to link Kunming to Kolkata, Mandalay (Myanmar), Dhaka and Chittagong. It is intended to advance multi-modal connectivity, harness economic complementarities, promote [...] Continue Reading »
On Wednesday Asian Development Bank (ADB) announced that it would provide up to $7-9 billion loan to the country over the next three years. This money will be used for supporting the infrastructure development in India. Takehiko Nakao the president of ADB talked about this new development in New Delhi and mentioned that ADB’s operations for India [...] Continue Reading »
Mumbaikars and the rest of India will be surprised to hear this statement made by global real estate tycoon Donald J Trump. Trump stated that the real estate prices in Mumbai are “unbelievably low” in comparison to some of the other realty markets in the world. We Indians always believed that owning a hut in [...] Continue Reading »
Speedier project implementation in the infrastructure sector is the mantra of the new NDA government. The government is considering radical changes in the Land Acquisition Act to enable speedier project implementation by diluting the social impact assessment and consent clauses. Due to these clauses many people in the area who are not ready to part [...] Continue Reading »
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] 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 »
