Thursday, Jun 4 2020 | Time 14:10 Hrs(IST)
  • 7-member Central team visits cyclone Amphan hit areas in Odisha to assess damages
  • Bukhari welcomes revocation of PSA against Shah Faesal, demands release of Mehbooba, Sagar, Naeem
  • Assam COVID tally reaches 1877
  • EESL and GAIL sign a MoU for Trigeneration projects
  • Smriti hits out at Rahul Gandhi over elephant killing incident in Kerala
  • Central team to visit Bengal on Thursday to study Amphan damages
  • Chhattisgarh registers 52 new COVID-19 patients, active cases increase to 489
  • Covid-19: Quarantine rules set to change: Minister
  • Hong Kong marks historic Tiananmen anniversary
  • Covid 19 case reaches 121 in Manipur
  • Covid-19: Stranded Chhattisgarh labourers in Karnataka to fly back
  • Covid-19: Mah returnees to undergo 3 week quarantine
  • Covid 19 tally in Odisha rises to 2478 with fresh 90 positive cases
  • Canara HSBC Oriental Bank of Commerce appoints Deven Sangoi as Chief Investment Officer
  • Covid-19 : 3 patients die, 98 fresh postive cases reported in AP
States » East


Union Budget 2019-20 - Affordable Housing, Infrastructure to Benefit: ANAROCK

Kolkata, Jul 5 (UNI) Union Budget 2019-20, overall was a balanced one with more of a long-term vision as a follow-on of the interim budget, opined ANAROCK property consultants chairman Anuj Puri.
It has obviously been formulated to restore confidence in the India growth story as a whole, and more importantly within India Inc, he said in statement.
" As far as real estate is concerned, the budget had a few hits and several misses. Infrastructure stayed at the top of the government’s agenda. This is of course significant, since infra development is one of the main propellers for economic growth and real estate benefits both directly and indirectly.
" The new FM had an uphill task of balancing priorities in Modi 2.0's maiden budget. Most sectors - including real estate - stridently sought concessions to kick-start stagnant consumption and investments. Steering the country out of the stranglehold of economic slowdown and creating employment were also high on the priorities list." Mr Puri added.
The Union Budget was on track in terms of encouraging savings and investments and empowering rural India. Its thrust towards the digital economy and start-up evolution will have indirect benefits in the long run. As expected, affordable housing under the PMAY scheme (also a critical employment generator) got a boost.
Mr Puri maintained that the government announced major tax benefits that will help stimulate demand for affordable housing. Interest deduction up to Rs 3.5 lakh for affordable housing (priced < INR 45 lakh) as against Rs 2 lakh earlier will now be available until March 31, 2020. This can help attract first-time homebuyers. Further, nearly 1.95 crore houses are proposed to be provided to eligible beneficiaries under PMAY-Grameen between FY20 to FY22.
UNI PC AKM
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Central team to visit Bengal on Thursday to study Amphan damages

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Covid 19 case reaches 121 in Manipur

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