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HomeTag: Union budget 2019-20

Union budget 2019-20

AIPL Zorro’s VP for sales Aseem Kumar Singh
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We’ll Invest more in Mktg Construction Chemicals, Hardware: AIPL Zorro

New Delhi-based AIPL Zorro is optimistic about the prospects of its waterproofing construction chemical, and hardware. The company’s bullishness stems from the government’s Budget that proposes interest deduction up to Rs 3.5 lakh for affordable housing, as against Rs 2 lakh earlier. “Interest deduction up to Rs 3.5 lakh for affordable housing, as against Rs

  • September 12, 2019
  • 123
Kamlesh Patel, Asian Granito
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‘Ache Din’ in Sight for Ceramic Tile Industry: Asian Granito CMD Patel

The domestic tile industry has been suffering at the hands of cheap imports. But the situation may change, thanks to Finance Minister Nirmala Sitharaman’s proposals for the industry in her maiden Budget. “The Budget will safeguard the domestic ceramic tile industry from cheap imports,” Kamlesh Patel, CMD, Asian Granito says. “Finance Minister’s proposal to increase

  • September 11, 2019
  • 73
Union Budget 2019-20: Duravit India CFO Sanjay Goyal
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Realty will Enable 8% GDP Growth, Boost Employment: Duravit India CFO Goyal

The domestic real estate sector will play a crucial role in keeping the country’s GDP growth over 8% and generate employment, Duravit India CFO Sanjay Goyal says. According to Goyal, the demand of building materials in the affordable segment in particular and the real sector, in general, is likely to increase in the coming years

  • September 9, 2019
  • 276
Ashok Mittal, CEO - Prest Loans
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*Fintech

Budget 2019: Govt Has Taken Steps to Bring Back Confidence in NBFCs, Prest Loans CEO Mittal Says

“We expect that all the steps and Budget 2019 announcements shall start showing results in the next couple of quarters and we shall see a rebound in the financial sector led by NBFCs, especially focused on MSME funding.” New Delhi-based Fintech Non-Banking Financial Company (NBFC) Prest Loans has termed the maiden Budget of Modi 2.0

  • July 11, 2019
  • 75
Arumugham Shankar, COO - Strategic Consulting, JLL India
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*Realty

Charging Infrastructure for Electric Vehicles Needs Stronger Push

A rise in the use of electric vehicles in the country is going to impact real estate development. But work needs to be done. Here’s how Rapid urbanization witnessed in the country demands for smart urban mobility solutions that are less taxing on the environment. In such a scenario, electric vehicles come as a possible

  • July 10, 2019
  • 83
Kamlesh Patel, Asian Granito
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“Budget Proposals Will Lead to Growth of Tiles and Marble Business,” Kamlesh Patel, Asian Granito Ltd

The FM’s proposal to increase basic customs duty on tile and ceramic products to 15% from existing 10% will safeguard the domestic ceramic tile industry from the cheap imports and will strengthen the domestic industry. To address the problem of duty inversion, custom duty on marble slabs is doubled to 40% from 20% currently. Tax

  • July 9, 2019
  • 99
Simmi Sareen - Loans4SME
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*Fintech

Budget 2019: Proposed MSME Payments Platform is a Step in the Right Direction, Loans4SME CEO Simmi Sareen Says

Sareen also says the Budget 2019 recognises the role NBFCs played in providing credit to MSMEs Mumbai-based fintech (Financial Technology) firm Loan4SME has hailed the Budget 2019, which its Co-founder & CEO Simmi Sareen, says acknowledges the significance of the MSMEs in the domestic economy as well as the challenges these players face in accessing

  • July 6, 2019
  • 69
Sanjay Dutt, MD & CEO, Tata Realty & Infrastructure Limited
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*Realty

“A Mixed Bag for the Real Estate Sector,” Sanjay Dutt – Tata Realty & Infrastructure Limited

Budget 2019 has come as a mixed bag for the real estate sector at a time when the industry is showing signs of revival. The government introduced schemes such as ‘Bharatmala’, ‘Sagarmala’ and UDAN have helped in improving the country’s infrastructure. Additionally, the availability of land belonging to CPSEs and central ministries to public infrastructure

  • July 6, 2019
  • 182
Anuj Puri, Chairman - ANAROCK Property Consultants
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*Realty

Affordable Housing, Infrastructure to Benefit

Few highs for real estate in a cautious budget Anuj Puri Overall, Union Budget 2019-20 is a balanced one with more of a long-term vision as a follow-on of the Interim Budget. It has obviously been formulated to restore confidence in the India growth story as a whole, and more importantly within India Inc. As

  • July 6, 2019
  • 57
Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE
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“A Fine Balance between Ease of Doing Business and Ease of Living,” Anshuman Magazine, CBRE

The allocation of Rs 100 lakh crores, in the Union Budget 2019-20, for infrastructure development in the next five years is a move in the positive direction. Increased allocation for the development of railways, ports, roads, aviation and intra-city networks such as metro rail, will strengthen the overall infrastructure fabric of the country. In particular,

  • July 6, 2019
  • 51
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