Les dernières nouvelles de l'économie mondiale (Business) et ses crises. : Frank

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The big bang in Arun Jaitley's budget is that things will be done bottom up and it is more on execution rather than giving some grand proposals.

Chinese handset maker Xiaomi today unveiled its first handset, Mi 3, for the fiercely competitive Indian smartphone market, priced at Rs 14,999.

Jaitley announced a Rs 500 crore fund for farm price stabilization. He said the govt wanted agriculture to grow although weak rainfall was a concern.

Modi has more or less, achieved such a unity of command and control by getting his loyalist and confidant Amit Shah appointed as the BJP president.

As for his party, Jaitley is one of the principal trouble shooters, dispatched to various corners of the country to settle one dispute or the other.

In a marginal relief, Finance Minister Arun Jaitley increased the income tax exemption limit from Rs 2 lakh to Rs 2.5 lakh for citizens up to 60 yrs.

It is now the turn of Rajasthan’s camels to receive the benevolent concern of the state administration, alarmed by their fast declining population.

A new round of funding could see Flipkart being valued at $5 billion (Rs 30K crore) at least, almost a near-doubling of the company's valuation.

"The will be developed to accommodate the burgeoning number of people, otherwise, the existing cities would soon become unlivable," Jaitley said.

The govt said it will allocate Rs 500 crore for its 'Digital India' initiative to set up broadband network in villages and promote local softwares.

Congress wants to make the people aware of each failure of BJP government and how it has failed to fulfil its promises with a media offensive.

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REITs being awarded a pass through status will attract significant investments into the sector which is the need of the hour

NEW DELHI: Applauding the Budget presented by Finance Minister Arun Jaitley, Shishir Baijal, Chairman & Managing Director of Knight Frank India said, "It's a path breaking budget with significant focus on real estate and infrastructure."

"The various incentives that have been provided will enhance the growth prospects of the real estate sector, even further. To begin with, REITs being awarded a pass through status will attract significant investments into the sector which is the need of the hour," Baijal said.

An allocation of Rs 7,060 core indicates that equal attention has been paid to infrastructure growth which is often inter-linked with demand for real estate, he said. "Various other monetary incentives such an allocation of Rs 4000 crore towards affordable housing backs the present government's vision of providing housing to all by 2022, he added.

Overall, this budget will ensure that sentiments remain upbeat for the next few years, Baijal said.

According to Jaitley, the Budget 2014 is only a step in the direction of economic recovery. Jaitley said, "We shall leave no stone unturned in creating a vibrant India."

Stating that he is taking up the fiscal deficit target as a challenge, Jaitley said, "We will try to meet the fiscal deficit target set for us."

"I have set a fiscal deficit target of 3.6% for 2015-2016," Jaitley said. "We need to introduce fiscal prudence. Fiscal prudence is of paramount importance. We cannot leave behind a legacy of debt," Jaitley stressed.

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Les dernières nouvelles de l'économie mondiale (Business) et ses crises.

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vendredi 11 juillet 2014

Budget 2014: Path breaking Budget for real estate sector, says Shishir Baijal of Knight Frank India

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