Finance Minister Arun Jaitley, at the recent CII AGM could not resist bringing in the travails of the land law during the address. ´The land law of 2013 is detrimental to rural India,´ he stated in alarm.
Tag: Arun Jaitley
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NDA Govt to hike infrastructure investment for FY 2015-16
The National Democratic Alliance (NDA) Government has committed to reviving the investment cycle by increasing public expenditure in capital formation. Finance minister Arun Jaitley announced an overall increase of Rs 70,000 crore in investment in infrastructure in 2015-16 over the current year.
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VOX POP
The Finance Minister has taken a very pragmatic approach and crafted a Budget in a manner which can provide a boost to both infrastructure and manufacturing which will create employment and also augment India´s competitiveness vis-a-vis its peers and at the same time adhered to the Prime Minister´s ´Make in India´ vision
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RE-INVEST: 2,66,000 MW green energy commitments
RE-INVEST was held in New Delhi from 15th to 17th February 2015 with the primary aim of attracting large-scale, longer tenure investments in the country´s renewable energy sector. The Ministry of New and Renewable Energy organized the event with the support of the Prime Minister´s ´Make in India´ infinitive.
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Govt to establish infrastructure fund
Finance Minister Arun Jaitley proposed the setting up of a National Investment and Infrastructure Fund (NIIF) with an initial corpus of Rs 20,000 crore that can be leveraged by infrastructure companies.
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Tax-free infra bonds for railways & roads
Moving ahead with NDA Government´s focus on building infrastructure, Finance Minister Arun Jaitley in his budget speech announced introduction of tax-free infra bonds for railways and roads.´We have increased the budgetary allocation to roads & railways,´ said Jaitley.
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India to build up oil reserves
India will make a provision in the Budget to fill up strategic reserves for crude, taking advantage of the falling global oil prices.
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Duty hike on petrol, diesel to fetch Rs.10,500 crore
The government will get an additional Rs 10,500 crore in the current fiscal from hike in excise duty on petrol and diesel.
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Revamping Public Sector Units
Public Sector Units (PSUs) in India have been amassing losses, both at the Central and State levelù79 State-run companies had an accumulated loss of Rs 55,656 crore in 2012-13; while at the same time, investment in these companies is approximately Rs. 1.57 lakh crore.
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India to grow at 8-9 per cent
According to the Union Finance Minister Arun Jaitley, India has the capacity to grow at 8-9 per cent and good governance would make economic expansion ´more exuberant´.