Union Budget 2017 to push affordable housing sector: Naidu
The Dollar Business Bureau Underlining the Union Budget 2017 as “peoplisitc” and not "populist", Urban Development Minister Venkaiah Naidu on Thursday said the government has made all-out attempts to strengthen the country’s infrastructure sector, through granting infrastructure status and giving concessions to affordable housing sector, and feels that these developments will give a considerable push to the affordable housing sector. "The Union finance minister has kept before the country a progressive and lokpriya (popular) budget. But, it is not populist, rather peoplistic -- people-oriented, not election-oriented. The Union Budget amply reflected the Centre's inclusive development plan and gives "significant" push to affordable housing,” Naidu said. “Budget for 2017-18 has made house buyers king by incentivising developers and catalysing investment flow by announcing several ...
US industry bodies applaud fiscally balanced Indian Budget
The Dollar Business Bureau “I am in complete agreement with Finance Minister Arun Jaitley: When you look around the world today and witness all the retrenchment and chaos underway from Russia to China to Brazil, India stands out as a beacon of stability and predictability,” said Ron Somers, founder and CEO of India First Group. In its appraisal of Union Budget 2017, The US-India Business Council (USIBC) applauds Finance Minister Arun Jaitley for presenting a 'forward looking' budget. Mukesh Aghi, President, USIBC, said that the FM has, despite a challenging global environment, done an admirable job in announcing propelling measures for domestic economy and supporting foreign investors. Ameliorating recessionary impact of demonetisation, investing in skilling Indian youth, and enhancing ease of doing business, without compromising on a strong fiscal deficit target is a great feat achieved by ...
NITI Aayog-SCE launches urban management programme
The Dollar Business Bureau National Institution for Transforming India (NITI Aayog) has partnered with Singapore Cooperation Enterprise (SCE) to launch an urban management programme in New Delhi. Singapore based non-profit organisation Temasek Foundation has granted an amount of SGD 851,750 to financially support the three-year programme. According to Amitabh Kant, CEO of NITI Aayog, “Urban Transformation is given first preference in National Development Agenda of India. The government has started several schemes for the development of the urban centres in the country that include Atal Mission for Urban Rejuvenation and Transformation (AMRUT), Housing for All by 2022 and 100 Smart Cities Mission. “In order to realise the vision of the government in initiating these schemes, NITI Aayog has collaborated with SCE. The programme ...
Need $1 trillion investment for infra in 5 years, India tells Gulf investors
The Dollar Business Bureau Department of Industrial Policy and Promotion invited Gulf businessmen and investors to tap the huge potential of investment opportunities in India Offering investment opportunities up to $1 trillion, India has asked businessmen form oil-rich GCC (Gulf Cooperation Council) countries to explore more potential for bilateral collaborations, especially in energy and infrastructure sectors. “India needs $1 trillion worth investments within the coming five years, especially in the infrastructure sector,” said Ravneet Kaur, Joint Secretary in the Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce. Addressing the 4th GCC-India Industrial Forum in Saudi Arabia on Thursday, Kaur invited Gulf businessmen and investors to tap the huge potential of investment opportunities in India and ...
