Union Budget 2017 18

The Lok Sabha today passed Railway Appropriation Bills and supplementary demands for grants for this year.

CEA wonders whether Air India should 'exist at all'

The national carrier, staying afloat on a Rs 30,000-crore bailout package from the central government, is working on ways to improve its financial position. In the last fiscal ended March 2016, the airline had posted an operational profit of Rs 105 crore.

Budget provisions that will discourage investment in high-value homes

The Union Budget 2017-18 has proposed some provisions, which will boost the affordable housing sector but at the same time, will discourage tax payers from treating real estate as an investment class. One such &#82

M&A and InvITs to account 12% of total infrastructure fund requirement

According to India Ratings & Research, infrastructure deals, especially in road sector, in the form of Infrastructure Investment Trusts (InvITs), is likely to gain traction in 2017. “We estimate Rs 0.4 trillion (Rs 400 &#82

Indexation: How it affects long-term capital gains tax calculations

Under the present tax laws, a person is taxed on profit from the sale of any immovable asset held as a capital asset, under the head ‘capital gains‘. For computing capital gains, the immovable &#82

'Steel product consumption likely to remain higher in 2017-18'

This will be backed by an expected revival in consumption. An increase in infrastructure allocation by the government in the Union Budget 2017-18 is expected to drive the pace of construction and infrastructure in the country, Care Ratings said in its report here.

Budget 2017: What benefit does it bring to various stakeholders?

Developers The union budget provided a significant boost for affordable housing, by granting it an industry status and all the listed real estate stocks reacted positively. However, whether these incentives will entice the developers &#82

Arun Jaitley to address RBI, Sebi boards on February 11

The customary post-Budget address of the Finance Minister before the boards of the two regulators comes against the backdrop of the government pegging fiscal deficit at 3.2 percent of GDP for the financial year ending March 2018.

Qatar Holding first fund to invest in affordable housing in India, post budget

Mumbai-based ArthVeda Fund Management Pvt Ltd (AVFM), on February 6, 2017, announced that Qatar Holding (QH) has committed to invest USD 250 million in its affordable low and middle income (LMI) fund, which projects &#82

Budget 2017: 7 new rail line projects sanctioned for Maharashtra

Seven new lines, covering 3,123 kilometres and several other projects, have been sanctioned by the government for Maharashtra, in the Union Budget 2017-18 presented by finance minister Arun Jaitley. This year, the Railway Budget &#82

Budget 2017: Is NPS a good retirement plan despite withdrawals being taxed?

Experts feel NPS continues to be a good retiral product for the salaried segment since it is market-linked and professionally managed.

Steel Ministry to continue with import duty reduction demand

The steel industry is burdened by an increase in input costs due to high coking coal prices.

Govt wasted opportunity to push through bold reforms:Chidambaram

He, however, complimented Finance Minister Arun Jaitley for being moderate and not doing anything "reckless and disruptive" after demonetisation and welcomed some of the positives like putting a limit on cash transactions, cleansing political funding and some other proposals in the Busget.

Budget 2017: Expectations vs actual announcements for real estate

The real estate fraternity and home buyers, have now started analysing the fine print of the announcements made in the Union Budget 2017-18. This budget has drawn a clear distinction, between the affordable housing &#82

Budget 2017: The Aam Admi‘s verdict

Sandeep Doke Senior manager – telecom industry, Pune Home buyers‘ confidence in the real estate industry, is likely to increase, if the Real Estate Regulation Act (RERA) is implemented at the earliest. Demonetisation has &#82

Budget aims at fiscal improvement; debt a rating constrain: S&P

Finance Minister Arun Jaitley presented the Budget for next fiscal in Parliament yesterday in which he planned to cut fiscal deficit to 3.2 percent and 3 percent of GDP for next financial year and 2018-19 respectively. The deficit in the current fiscal is estimated to be 3.5 percent of GDP.

Here’s why infra status to affordable housing may not mean cheaper homes in the metros

Siddharth Chopra, a resident of Mumbai, was glued to the television news channels, during the live telecast of the Union Budget 2017-18. Like many, he was expecting a bonanza for middle-class affordable home buyers. &#82

Budget 2017 analysis: Experts believe middle-class home buyers have been ignored

While the real estate fraternity has largely welcomed the announcements in the Union Budget 2017-18, certain sections in this sector, apart from the affordable housing segment, as well as buyers, are still trying to &#82

Budget 2017 had 'shortest list of bad news': Ridham Desai

Speaking to CNBC-TV18, Ridham Desai, Head of India Equity Research and India Equity Strategist at Morgan Stanley, said that Finance Minister Arun Jaitley had resisted the temptation to plant bombs in the fine print of the Budget.

Budget 2017: Infrastructure status for affordable housing and other sops

“We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits,” finance minister Arun Jaitley, announced in his &#82

Experts hail infrastructure status to affordable housing

The real estate sector has largely welcomed the various measures that finance minister Arun Jaitley announced in his Union Budget 2017-18 presentation on February 1, 2017. “We must appreciate the fact that the government &#82

Budget 2017: Realty welcomes reduction in long-term capital gains tenure

Reduction in tenure of long-term capital gains Real estate investors, who were looking for a quick exit option to switch their investment or to book profits, were often discouraged by the long-term capital gain &#82

Union Budget 2017-18: What you must know about indirect transfers

The Union Budget has exempted Foreign Portfolio Investors (FPIs) in Category I and II from the indirect transfer provision

Budget 2017: What did developers and home buyers gain

Budget 2017: For individual home buyers   No change in home loan exemptions With skyrocketing prices of homes, in big as well as small cities, the average size of the home loan that an &#82

Railway Budget: Railways to have special safety fund of Rs 1 lakh cr

With railways plagued by repeated derailments, government today proposed setting up of a special safety fund of Rs 1 lakh crore that will cover upgradation of tracks and signalling besides elimination of unmanned level crossings.