Home » Budget 2013-14 Reaction: Dr. Suresh Surana, Founder, RSM Astute Consulting Group

Budget 2013-14 Reaction: Dr. Suresh Surana, Founder, RSM Astute Consulting Group

Budget 2013-14 Reaction: Dr. Suresh Surana, Founder, RSM Astute Consulting Group
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Road Infrastructure Projects:

The significant thrust on "Road Infrastructure Projects" by offering various fund raising options to the industry and also an indication that 3000 kms of road projects in Gujarat, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh will be awarded in the first six months of 2013-14 is a very welcome initiative. This is likely to benefit the infrastructure sector particularly the road construction sector, cement, steel, related capital goods industries as also provide employment opportunities.

The thrust of Budget 2013 is on stability of tax regime with no increase in peak rates of excise duty and service tax nor introduction of inheritance tax which was widely apprehended. It has attempted to kick start investment cycle by providing deduction for investment allowance of 15% over and above depreciation and de-bottlenecking the growth of infrastructure sector such as constitution of a Regulatory Authority for Road sector, extension of tax holiday for power sector and continuation of issuance of tax free bonds issued by specified Institutions.

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