The Union Budget offered minor concessions to the MRO - maintenance, repair and overhaul industry as the government has increased the time period for consumption or installation of parts and testing equipments imported for maintenance, repair and MRO of aircrafts by units engaged in such activities form the existing three months to a year.
Tag: Union Budget
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Budget 2013 Reaction: HM Nerurkar, MD, Tata Steel
Given the global economic scenario, the Union Budget announced by the Finance Minister has made a great attempt to achieve inclusive growth and a sustainable economy. We cheer the thrust given to the infrastructure industry through investment allowance of 15% and various steps for mobilising funds for the growth of the industry.
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Govt should review taxtion issues for better road infra
Sustaining interest of private players in India’s road sector is of paramount importance. For doing so if the government needs to make some small sacrifices in the immediate future, it is indeed worth as this will reap rich dividends in the future through overall development of the economy—and tax reforms will go a long way in this direction, proposes Hemant Kanoria.
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Urban water: Basics bear large yields
In the last 18 months, there has been a subtle, yet perceptible shift in focus in infraÂstructure field. In government circles incluÂding the political management of the ecoÂnomy and bureaucracy,
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Logistics: The elusive industry status
There is an urgent need for measures to facilitate growth in ground logistics (warehousing, rail freight and cold chain logistics) and expects some solid reforms to be announced in this budget.
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Infra Debt Funds: Creating new wealth
IDFs come as a new solution to debt finance to long-term, high-value infrastructure sectors. Eligibility norms for IDFs are rather stringent but justified given the risks and quantums-typical of infrastructure investment-involved.
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Fin Min clarifies infra definition
Infrastructure will soon have a wider and uniform definition that will encompass some aspects of education and health as well, ensuring asset creation across a number of sectors by making them eligible for various incentives. A panel of secretaries of various ministries is expected to clear the finance ministry's proposal.
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Structure of proposed IDFs finalised
A final structure of the Infrastructure Debt Funds (IDFs) has emerged following wide-scale consultations held with potential investors, infra companies, regulators and experts.