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Finance Minister Silent on FDI in Multi Brand Retail

Posted: 01 Mar 2011 03:31 AM PST

The budget speech of the finance minister intends to lay the foundation for policy changes that are to follow over the next 12-18 months. However, the speech was lacking in big-ticket reforms that the finance ministry has been promising for a while. One of the biggest disappointments pertain to a silence on foreign direct investment [...]

Larger Issues affecting Real Estate Ignored in Budget: Anuj Puri

Posted: 01 Mar 2011 02:55 AM PST

Anuj Puri, chairman & country head, Jones Lang LaSalle India said it would seem that the Union Budget 2011 pointedly ignored the larger issues affecting the Indian real estate sector at this sensitive stage of revival and growth. Direct Implications: SEZs have been brought under the purview of MAT, which basically diminishes the benefits that [...]

Indian Economy Expected to Grow at 9% in 2011-12: Pranab Mukherjee

Posted: 01 Mar 2011 02:47 AM PST

India’s economy will revert to the pre-crisis growth level of 9 per cent in the next financial year. “The Indian economy is expected to grow at 9 per cent with outside band of (+/-) 0.25 per cent in 2011-12,” finance minister Pranab Mukherjee said while unveiling the Budget proposals for 2011-12. He said the Indian [...]

Affordable Home Loans get Cheaper

Posted: 01 Mar 2011 02:37 AM PST

Loans for affordable homes are set to get cheaper with finance minister Pranab Mukherjee on Monday extending the limit of priority home loans in his budget speech. The move is expected to spur demand for low-and mid-cost housing in the country. "To further stimulate growth in the housing sector, I am liberalising the existing scheme [...]

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