Jul 15, 2014 Union Budget 2014-15 - Reactions Anil Kothuri, President & Head, Retail Finance, Edelweiss - Budget provides thrust to Housing and Infrastructure While it is a placeholder till a full budget is presented in February next year, the budget establishes the intent of the government to kickstart the economy and lays down the foundation for its economic agenda
Jul 15, 2014 Girish Kadam, VP, Co-head, ICRA Higher budgetary allocation & duty rationalisation are positive for the clean energy sector. The announcement of ultra mega solar projects in four states is expected to facilitate a large sized solar capacity addition in the country & would also encourage domestic manufacturing of solar projects.
Jul 15, 2014 Venkatesh Gopalkrishnan, EVP & CIO, Shapoorji Pallonji Real Estate Specific measures relating to reduction in area for FDI and REIT’s will increase liquidity in the sector and as such reduce the dependence on the banking system. With the current incentives in the budget,
Jul 15, 2014 Daksha Baxi, Executive Director, Khaitan & Co To boost the manufacturing sector, especially the SME sector, the 15% investment allowance has been extended to investment in plant and machinery of Rs. 25 crore if made within the next 3 years.
Jul 15, 2014 Sachin Agarwal, CMD, Maple Shelters The relief provided on individual income tax and interest on housing loans is very significant for the budget homes sector, since these measures have greatest pertinence to the more financially sensitive home buyers.
Jul 15, 2014 Tushar Mehendale, Managing Director, ElectroMech Material Handling Systems This coupled with overall increase in investments in highways and tax holidays for power plants will definitely contribute in kick starting the capex cycle in various industries.
Jul 15, 2014 Arvind Jain, Managing Director, Pride Group The FM has given much-needed relief to individual tax payers by raising the income tax exemption limit by 50,000 and has also raised the limit of the interest part of home loans from Rs. 1.5 lakh to Rs. 2 lakh.
Jul 15, 2014 Kishor Pate, CMD, Amit Enterprises Housing Ltd The National Housing Bank has received an allocation of Rs.8000 crore for this program, which will have. I am especially enthusiastic about the Rs. 7060 crore allocation towards the government’s program for creating 100 smart city projects.
Jul 15, 2014 Vineet Agarwal, Director, KPMG in India The finance minister also mentioned about providing thrust to low cost housing sector which should be win-win situation for individuals availing loan to buy property for themselves.