Jan
3
Highlights of the Economic Package by Finance Minister
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Following are the highlights of the mega-stimulus package announced by the government to boost the economy:
Additional plan expenditure of up to Rs 20,000 crore (Rs 200 billion)
Excise duty reduced across the board by 4 per cent.
IIFCL authorised to raise Rs 10,000 crore (Rs 100 billion) via tax-free bonds.
PSU banks to announce package for borrowers [...]
Jan
3
In an effort to boost the cash- starved realty sector, the government on Friday allowed the developers of integrated townships to borrow funds from overseas and also asked states to release land for low- and middle-income housing schemes.
“GoI will work with state governments to encourage them to release land for low- and middle-income housing schemes,” [...]
Jan
2
Seeking to reverse the recessionary trend, the government on Friday gave the economy a second stimulus by enabling the industry to borrow more from abroad and FIIs to invest more in the country, besides stepping up public spending.
The package, the last for the current financial year and announced in tandem with rate cuts by RBI, [...]