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Budget 2016: Live updates on real estate sector - 0 views

started by krishnahomes on 02 Jun 16
  • krishnahomes
     

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    Finance Minister Arun Jaitley on\nMonday exhibited the Union Budget 2016-17 in the Lok Sabha. Here are the\nhighlights of the financial backing 2016 for land segment.

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    ·        \nFM\ngives cleansers first home purchasers for advances by giving more conclusions\non credits up to Rs 50 lak

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    ·        \n100%\nreasoning to elements to make houses up to 30 sq mtr in 4 metros and up to 60\nsq mtr in others

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    ·        \nNo\nadministration expense to be exacted on moderate lodging

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    ·        \nAdministration\ncharge exempted for lodging development of houses under 60 square meter

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    ·        \nMotivating\nforces for new assembling organizations and littler venture organizations

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    ·        \nReasoning\nfor rent payers raised from Rs 20,000 to Rs 60,000 to advantage those living in\nleased house

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    ·        \nTo\nresuscitate 160 air terminals and airstrips in the nation.

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    Nine columns to change India:

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    1) Agriculture and rancher welfare\nwith a plan to twofold agriculturists' pay in the following five years

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    2) Rural area

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    3) Social segment including human\nservices

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    4) Educational abilities and\nemployment creation to make India information based and gainful economy

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    5) Infrastructure speculation to\nupgrade personal satisfaction

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    6) Financial division changes

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    7) Governance changes and simplicity\nof working together

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    8) Prudent administration of\ngovernment funds

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    9) Tax changes to decrease consistence\nload

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    ·        \nTo\nredevelop 300 Rurban bunches

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    ·        \nTo\nset aside Rs 3000 cr for every year to enhance power generation

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    ·        \nAbsolute\nexpense for foundation Rs 2,21,246 crores in 2016/17

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    ·        \nFocus\nof 10,000km of national parkway and up gradation of 50,000km of state\ninterstates in 2016/17

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    ·        \nAll\nout assignment of Rs 2.18 lakh cr to enhance street base in the nation

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    ·        \nAssignment\nof Rs 55000 cr for expressway ventures

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    ·        \nAll\nout portion of Rs 87757 for rustic improvement in FY17

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    ·        \nDesignation\nof Rs 150 cr for digitizing land records from April 1, 2016. The modernization\nof area records is basic.

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    ·        \nIn\nthe midst of worldwide headwinds, the Indian economy has stood its ground

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    ·        \nInflation\nhas descended despite the fact that there was a fall in rainstorm

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    ·        \nRemote\ntrade stores are at most astounding ever level

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    ·        \nCPI\nexpansion has declined to 5.4%

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    ·        \nThe\ndevelopment of GDP has quickened to 7.6%

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    ·        \nGovernment\nneeds to organize consumption. Concentrate on the rustic and social areas,\nfoundation and recapitalization of bank

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    ·        \nOstensible\npremium and most elevated ever remuneration if there should arise an occurrence\nof yield misfortune under the PM Fasal Bima Yojana

    \n\n·        \nRecapitalization\nof banks will be done amid next money related year

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