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Union Budget 2014-15

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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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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 […]

ranjan.j

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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