News articles tagged Finance Ministry

Nitin Gadkri Expressed his Concern Over Rising Cement Price!

Union Minister Nitin Gadkari criticizes cement factories for price hikes, citing challenges for infrastructure projects

Covid Effect: Government To Ease Resolution Rules For Bankrupt Firms

The finance ministry is considering waiving the 21-day national lockdown period from the bankruptcy resolution process due to COVID-19 outbreak, potentially extending it further.

Chiranjeevi lauds infra status for hotels

Hotels and convention centers are now included in the master list of infrastructure, a move praised by the Tourism Minister which is likely to boost the hospitality sector.

Will finish plans for Infra trust soon: Govt

India's Finance Ministry is finalizing rules for a new Infrastructure Trust Fund to accelerate investment in power, ports, and aviation projects, aiming to attract domestic and foreign investors.

Indiabulls Housing slashes lending rates by 15bps

Indiabulls Housing reduces home loan rates by 0.15% to 10.25%, valid till November end for loans under Rs 25 lakh.

ECB Norms Likely To Be Relaxed to Boost Affordable Housing

Finance ministry officials and RBI plan to meet to discuss relaxing external commercial borrowing norms to enhance affordable housing projects in India.

Budget 2013 -2014: An Overall Review

Budget 2013-14, announced by Finance Minister P. Chidambaram, introduces mixed measures impacting both high earners and common taxpayers, with changes in tax structures, luxury items becoming costlier, and benefits for first-time home buyers.

Housing Sector Likely to Have Infrastructure Status

Union government may confer infrastructure status to housing sector in upcoming budget, aiming to provide affordable homes and boost supply.

Budget 2013 to Give Hopes to Home Buyers

Budget 2013 is anticipated to favor home buyers, with potential provisions for affordable housing. Realty players seek tax exemptions and lower interest rates.

RBI Can Let Realty Firms Run Banks; Finance Ministry

Finance Ministry proposes that real estate firms and brokers be permitted to operate banks, with regulations to prevent conflicts of interest and mitigate risks.

Real Estate Sector to Get a Boost from Finance Ministry

Finance Ministry plans to bolster the real estate sector by facilitating bank loans for builders with stalled residential projects, aiming to revitalize the sector and stimulate economic growth.

Real Estate Builders Express Discontent over RBI Policy

RBI's decision to hold key policy rates steady has disappointed real estate developers, who were hoping for a reduction in borrowing costs. Industry leaders believe this will negatively impact the sector and hinder funding for projects.

Government's Surplus Land Selling Boosts Real Estate

Govt to sell/lease surplus land to ease financial stress, boosting real estate growth in Indian metros.

Real Estate Prices To Increase

India's real estate prices expected to rise further as Finance Ministry retains 2.5% service tax on under-construction projects, impacting homebuyers.

Memorandum to Govt. from CREDAI to Take Off Service Tax

CREDAI submits memorandum to Finance Ministry to remove service tax on under-construction housing complexes.

Realty Sector Urges FM To Revisit Budget

The urban development ministry calls for a review of the proposed service tax on housing projects, amidst concerns over its impact on the struggling real estate sector.

REMF Cleared By Finance Ministry

The finance ministry has dismissed RBI's concerns about real estate mutual funds (REMFs) violating FDI norms, potentially opening new investment avenues in the real estate sector for small investors.