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Finance Minister Arun Jaitley

Indian Railway

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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Road Infra project

Budget 2014: PPP Model in Infrastructure

Union Budget Proposals regarding PPP In his Union Budget speech, the Finance Minister Arun Jaitley stressed that various major projects would be undertaken under the PPP mode. He emphasised that there is a need to develop more sophisticated models with quick redressal mechanism in PPP contracts. As stated by him, India has emerged as the […]

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Budget 2014: New scheme to replace JNNURM

The union budget for the year 2014 – 15 promises urban renewal, which will address issues pertaining to drinking water, use of recycled water, solid waste management and digital connectivity for more than 500 habitats. Talks of replacing the existing JNNURM (Jawaharlal Nehru Urban Renewal Mission) scheme introduced by the UPA government was already doing […]

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Budget 2014: Slum development to be part of CSR

In the union budget 2014-15, the finance minister has made it public that slum redevelopment along with consumer protection and road safety awareness will be considered as Corporate Social Responsibility (CSR) activities. As per the BJP’s manifesto, a low-cost housing policy will make certain housing for every family by 2020. Holding this statement true, the […]

Budget 2014: Goods and Services Tax (GST)

Budget Proposals regarding GST In his Budget speech, the Finance Minister Arun Jaitley has proposed that GST would be cleared by the end of 2014. It is expected to simplify and streamline the indirect tax regime. For the taxpayers, it would mean less paperwork and lower tax burden. He also stressed that the he aims […]

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