Prime Minister Narendra Modi
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 »
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 »
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 »
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 »
