Search Keyword: growth
While maintaining fiscal discipline, this year’s Budget announced by Finance Minister Arun Jaitley demonstrably seeks to stimulate economic growth and job creation. Micro-, small-, and medium-sized enterprises will enjoy corporate tax reliefs. Indians in the lower- and middle-income groups will receive income tax reliefs, which will increase disposable incomes and encourage consumer spending.
According to Unacea, the Italian construction machinery association, 10,984 machines have been sold in the Italian market in 2016, 26 per cent more compared to the previous year. Figures consist of 10,517 earthmoving machines (+25 per cent) and 467 road equipment (+44 per cent).
ExxonMobil Lubricants participated at the 18th Indian Metal Cutting Machine Tool Exhibition (IMTEX), held from 26th January to 1st February 2017 at the Bangalore International Exhibition Centre (BIEC) in Bengaluru.
The Union Budget 2017 with an agenda to transform, energise and sanitise India is reasonably balanced for an inclusive growth of the Indian economy. A couple of initiatives announced in the budget presented on February 1 bring some cheer to the sector.
Infrastructure status to the affordable housing segment indicates that this sector will play an important role in reviving economic growth in the country. This will help developers to obtain cheaper loans from the banks which will significantly boost the government’s target of Housing for All by 2022.
Finance Minister Arun Jaitley has presented a well-balanced and constructive combined budget, focusing on the most critical aspects of the economy, such as Infrastructure, Agriculture and Rural India.
True to its expectations, Budget 2017 has spelt out road maps and allocations across various initiatives of the Central Government and the Finance Minister has done an excellent job of managing the expectations. Initiatives to real estate industry has been spoken at length where the sentiments have been largely positive.
Provisions for national highways has been increased by 12 per cent in the infrastructure in the Union Budget 2017, which will result in additional funds worth Rs 7,000 crore (a total of Rs 64,000 crore) in this sector.