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finance budget 2014-15

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Budget 2014 : Proposals boosting Tourism

Presenting the Union Budget for the fiscal 2014-15, the Finance Minister Arun Jaitley proposed various measures to boost tourism in the country. Not only will these measures enhance the government’s revenue inflow, but it will also have a positive impact on the Real estate sector in the states where these measures are planned to be […]

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Budget 2014: Single-window-clearance

As an attempt to kickstart the investment cycle, the finance minister made it crystal clear that the new government will lay special emphasis on faster and quicker clearance of projects and at the same time focus on reduction in red tape. Following this, the government is aiming to cut down all kinds of project delays […]

Budget 2014: Land Acquisition Act

In the union budget 2014-15, the finance minister did not make any public announcement regarding the Land Acquisition Act. Expectations were high with the union budget that it will inject transparency into the land acquisition process, however, the new government did not throw light in this regard. Land Acquisition Act is a crucial term for […]

Budget 2014: FDI in Real Estate

According to recent budget updates, the minimum capital for FDI has been reduced from US $10 million to US $5 million and the minimum area requirement for all other construction projects other than housing has been reduced to 20,000 sq m built-up area from 50,000 sq m built-up area. In an attempt to promote low-cost […]

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Railway Budget 2014 : Diamond Quadrilateral Project

The groundwork for the development of this project was initiated during the previous decade during the regime of the UPA government. It involved the conceptualisation of the western and eastern railway corridors. As an initial move, work was initiated on the western corridor linking Delhi with Mumbai, employing Japanese technology and funding. The ‘diamond quadrilateral’ […]

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