Tag: Budget

Government to provide 25000 crore to the infrastructure sector for stalled projects

The finance minister, Nirmala Sitharaman recently announced that 25,000 crores to be disbursed as an alternative investment fund, with an aim to bring relief to developers as well as to give the sector a boost. The fund will provide aid to 1600 stalled real estate projects that can now be completed. There were no funds […]

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100% confirmed donation on investment in Swachh Bharat projects

In Budget 2015-16, Arun Jaitley, The Finance Minister, has proposed 100% authenticated donation(other than CSR contributions under the Companies Act 2013), under section 80G of the Income-tax Act to the Swachh Bharat Kosh (by residents and non-residents) and Clean Ganga Fund. Jaitley in order to improve the quality of life and public health through Swachh […]

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Budget for Urban Development Ministry increased by 251.44%

In order to improve quality of life in cities, the budget for the Urban Development Ministry has been increased by 251. 44%. The plan outlay has increased from Rs.6561.34 crores to Rs.16,496 crores. Along with this, the government is also aiming to provide tax and non-tax incentives to promote investments in the urban infrastructure and […]

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