Tag «Budget 2014»

Affordable Housing – A Second Look At Budget 2014: Sachin Agarwal, CMD – Maple Shelters

Over the past decade, the construction industry has been hit hard by economic slowdowns and extreme market fluctuations. Construction and infrastructure play a significant role in a country’s economy, but rigid contractual policies and very high construction costs (among other factors) have been constricting the growth of this sector in India. Needless to say, growth …

Budget 2014 – A Damp Squib For The Hospitality Sector: Mandeep Lamba, Managing Director – India, JLL Hotels & Hospitality

For the first time in recent history, the government in power had announced tourism as one of its four pillars for growth. Consequently, the hospitality was looking forward to significant new provisions in Budget 2014. However, quite like in most previous years, the government failed to give hospitality any notable relief and stimulus for growth. …

Views from different industry players on budget 2014.

Rajesh Aggarwal, MD Insecticides India Ltd The government has rightly acknowledged the need for investment in agro-technology. Rs 100 crore for research and development in agriculture is a positive step that we hope will pave way for taking our agricultural sector to a new paradigm. A bulk of our population is engaged k-in agriculture but …

Budget 2014 – Positive For Real Estate: Anuj Puri, Chairman & Country Head, JLL India

The Union Budget 2014-15 was presented in the parliament under economic circumstances that required tax revenues to keep pace with targets. Considering the state of government finances and the current situation – below-normal monsoons, Middle East tension leading oil price volatility, the weakness of the India rupee etc., there was not much room for populism. …

Developers React To Budget 2014

Kishor Pate, CMD – Amit Enterprises Housing Ltd.: The reduction of personal income tax ceiling and the raising of home loan interest deduction will definitely increase demand for homes in cities like Pune. True to his promises, the Finance Minister has made singificant allocations towards infrastructure projects in the country. The allocation of Rs. 37,850 …

Budget 2014 : Highlights

GOVERNMENT COMMITTED TO ACHIEVE FISCAL DEFICIT OF 4.1% FOR 2014-15. SUBSIDY REGIME TO BE MADE MORE TARGETED FOR FULL PROTECTION TO THE MARGINALIZED, POOR AND SC/ST. GOVERNMENT TO PROMOTE FDI SELECTIVELY IN SECTORS. RS 1000 CRORE PROVIDED FOR “PRADHAN MANTRI KRISHI SINCHAYEE YOJNA”. RS 500 CRORE FOR “DEEN DAYAL UPADHYAYA GRAM JYOTI YOJANA”. RS. 150 …