Tag Archives: Budget

How will India Survive In Global Financial Crisis

October 15, 2008 – 1:36 am

The significance of the financial crisis that has hit the US economy can be measured from the fact that the cost of the rescue of these financial giants to the Federal Reserve and Treasury Department has been estimated at close to a trillion dollars.
According to some analysts, the total cost on this count could go [...]

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Hunter Beer Maker Joins Realty Play With Madhya Pradesh Land Buy

May 22, 2008 – 7:04 am

The Bhopal-based Som Distilleries and Breweries, manufacturer of the Hunter beer, has acquired a 50-acre prime plot in Gwalior for Rs 266 crore from the Madhya Pradesh government. The company will develop a retail mall, a theme mall and two hotels — a star hotel and a budget hotel — as well as residential apartments, [...]

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Amrapali Group Invests In Hotel Projects

March 29, 2008 – 2:28 am

Amrapali Group, a UP-based real estate developer, will be investing about Rs 600 crore in different hotel projects in 2008. These hotel projects are under different levels of construction in different parts of India, primarily the north Indian cities, like Bareilly, Vrindavan, Greater Noida, Udaipur, Indore and Jaipur. The upcoming properties will comprise all categories, [...]

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Govt Recognizes Public Demand For Lower Home Loan Rates

March 6, 2008 – 4:34 am

The government on Thursday acknowledged that there is public demand that interest rates on home loans up to Rs 20 lakh should be slashed, but said it is for the banks and RBI to take a call.
During his post-budget interaction with Assocham, Finance Minister Mr. P. Chidambaram said, “I shall certainly bear in mind that [...]

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Realty seeks tax, input price relief

February 25, 2008 – 2:42 am

New Delhi: Real estate companies wish for taxes to be lowered and prices of construction materials controlled in the forthcoming budget.
Vipin Agarwal executive director of Omaxe Ltd states that they want tax breaks on infrastructure, which were there till last year. Infrastructure improvement is important for the improvement of the country. So they should get [...]

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Forthcoming Budget Could Be Harsh

January 30, 2008 – 4:35 am

29 January 2008, New Delhi. Mr. P Chidambaram, Finance Minister of India, said on Tuesday that the coming budget could be harsh on the people. He is going to present the union budget in February. Mr. Chidambaram was asked about the tax cuts in the forthcoming budget, when he was attending an award ceremony. Mr. [...]

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Buy A House And Get A Car Free

January 28, 2008 – 5:43 am

Real Estate businessmen of Bangalore have always been in search for techniques to grab the attention of customers for their properties. Recent publicity stunt is ‘buy a house and get a car a free gift’. For example, if a customer buys a flat of worth 200 lacs, he gets a car [...]

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Economists’ Recommend Not To Cut Direct Tax Rates In Budget

January 28, 2008 – 5:41 am

Jan 09, New Delhi: Finance Minister P Chidambaram received two contradictory suggestions from economists and industrialists. “Given the circumstances that there a number of fiscal stress points in the offing, like oil bonds, MSS, pay commission, it is not prudent to start thinking of reducing tax rates,” Standard & Poor’s Chief Economist (Asia-Pacific) Mr. [...]

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