Budget should focus on higher funds allocation to infrastructure and improving domestic macroeconomic fundamentals
The priority of the Budget should be to improve the macroeconomic fundamentals of the country and make efforts to meet the fiscal deficit targets of last year. The onus should be on productive utilisation of funds.
Tag: finance ministry
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Sandeep Upadhyay, Managing Director and CEO, Centrum Infrastructure Advisory Limited
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Digital infra projects to be speeded up
Around Rs.10,000 crore will be spent from the USO Fund in 2016-17 to speed up digital infrastructure projects even as the Finance Ministry remains conservative in allocations from it, Telecom Secretary JS Deepak said today.
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MNRE to approach FinMin to raise Rs.10,000 crore via tax free bonds
Ahead of the Budget, the Ministry of New and Renewable Energy is planning to approach Finance Ministry to seek its permission for raising Rs.10,000 crore through issuance of tax free bonds in order to fund the clean energy projects in the country.
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FinMin to release Rs.32,000 cr for IR
In some relief to the railways, the finance ministry has restored support to IR from general exchequer to the tune of Rs.32,000 crore for the current fiscal.
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Govt may increase Rs.70k-cr planned capital infusion for PSBs
The Finance Ministry is considering infusing more than the announced Rs.70,000 crore in public sector banks to help strengthen their balancesheets.´
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200 SEZs likely to be exempt from 18.5percentage MAT
Enterprises operating from over 200 Special Economic Zones (SEZs) in the country are likely to be exempted from the minimum alternative tax (MAT) of 18.5 per cent on their book profits.
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FinMin to infuse Rs.5,000 cr into PSBs
The finance ministry will inject Rs.5,000 crore in public sector banks to boost their capital.
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Railways seeks FinMin help to meet Pay Commission ´burden´ of Rs.32,000 cr
As the Railways stares at Rs.32,000-crore additional costs for implementing the Seventh Pay Commission recommendations, Railway Minister Suresh Prabhu
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Banks to push solar panels
The finance ministry has advised banks to ´encourage´ home loan or home improvement loan applicants to install rooftop solar photovoltaic systems and include the equipment cost in the home loan. G
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IR eyes Rs.1.1-lakh cr for infra upgrade
Indian Railways is working on a proposal to create a mega fund with a corpus of Rs.1,10,239 crore, to upgrade its creaking infrastructure.