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union budget 2014-15

Realty Sector Expects relaxation from Budget 2014

Realty Sector Expects relaxation from Budget 2014
After the new government was formed at the centre, the real estate stakeholders had high hopes about the changes the government will implement in their favour. With the first Union Budget being presented by the new Government on July 10th, a lot of expectations are in the air. Real estate players are expecting clarity on [...] Continue Reading »

Infrastructure boost in the North-eastern states: Key point for the budget

Infrastructure boost in the North-eastern states: Key point for the budget
There are many tasks in front of the BJP government which were left in a mess by the previous government and they have to fix it now. Fixing the central treasury is one of them. The government’s fiscal consolidation moves have to be very tactful to avoid any adverse effect to any of the stakeholders. [...] Continue Reading »

Housing for all by 2022 : Naidu

Housing for all by 2022 : Naidu
BJP’s manifesto clearly charted out the housing for all agenda by 2022. Urban Development and Housing Minister Venkaiah Naidu mentioned in New Delhi that this is a top priority of the government, which is exploring all financial models, to go ahead with the ambitious scheme. Modi has invited the states and Union Territories ministers to [...] Continue Reading »

Maharashtra CM approves Rs 4,240 crore FY 2014-15 Budget for MMRDA

Maharashtra CM approves Rs 4,240 crore FY 2014-15 Budget for MMRDA
On Friday, Rs 4,240 crore FY 2014-15 Budget was approved by Maharashtra Chief Minister Prithviraj Chavan, for the Mumbai Metropolitan Region Development Authority (MMRDA). The allocation of the mentioned FY 2014-15 Budget amount for the MMRDA is an evident indication of the fact that the metro rail, mono rail and flyovers for the Mumbai metropolitan [...] Continue Reading »

Tax exemption limit may go up to 2 Lakh: Budget expectations

Tax exemption limit may go up to 2 Lakh: Budget expectations
Indians have a saving mentality and household incomes saved in banks and post offices give those institutions an opportunity to invest those amounts in other profit making instruments. Hence if the tax exemption limit is increased to 2 lakhs which is double compared to the existing limit, then it will give a boost to household [...] Continue Reading »

Real Estate Sector has high hopes from the Maiden Budget of the Modi Government

Real Estate Sector has high hopes from the Maiden Budget of the Modi Government
The Indian Real estate industry is looking at the first budget to be presented by the Modi Government with a lot of expectations. The property sector is looking at the possibility of the solution of the issues that have been plaguing the Indian real estate sector – such as delayed projects, legal quagmire, lack of [...] Continue Reading »

Civil Aviation Ministry submits “pre-Budget recommendations”

Civil Aviation Ministry submits “pre-Budget recommendations”
For the Budget of the newly-formed National Democratic Alliance government, the Civil Aviation Ministry has submitted a number of proposals such as tax-free bonds for constructing low-cost airports in small towns, inclusion of aviation turbine fuel (ATF) in declared goods, and an infusion of Rs 1,600 crore as additional fund to Air India. Along with [...] Continue Reading »

DIPP pushes for 11-fold increase in budget outlay for DMIC in FY15

DIPP pushes for 11-fold increase in budget outlay for DMIC in FY15
The Department of Industrial Policy and Promotion (DIPP) has urged the Finance Ministry to increase the budget outlay for the prestigious Delhi-Mumbai Industrial Corridor (DMIC) by 11 times – to Rs. 7,478 crore – in FY15. The manifold increase proposed by the DIPP for the FY15 budget outlay for DMIC will give a substantial push [...] Continue Reading »

Removal of MAT on SEZ Developers, Units- Demand from the upcoming budget

Removal of MAT on SEZ Developers, Units- Demand from the upcoming budget
In order to revive the slump in the industries and safeguard the interests of the MNCs and large conglomerates, Corporate India has requested the Finance Minister Arun Jaitley to exempt special economic zones (SEZ) developers and units from the levy of minimum alternate tax (MAT). The previous government did not pay any heed to this [...] Continue Reading »

ASSOCHAM’s hopes from the first union budget

ASSOCHAM’s hopes from the first union budget
ASSOCHAM (The Associated Chambers of Commerce and Industry of India) has presented its demands before the introduction of the first Union budget under Narendra Modi-led government. They want an early roll out of GST (Goods and Services Tax), revival of SEZ (Special economic zones) a stable tax regime, slashing of tax rates and tax incentives [...] Continue Reading »



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