Finance Minister Piyush Goyal showered tax sops for the middle class and announced an annual income support of Rs 6,000 for small farmers as he presented a please-all Budget on Friday. Goyal also extended tax sops given to real estate firms for developing affordable housing until next fiscal and tax exemption on notional rent for unsold inventories for two years. Mythili Bhusnurmath, Consulting Editor, ET Now shares her views. (Text: ET Online/PTI).
Finance Minister Piyush Goyal showered tax sops for the middle class and announced an annual income support of Rs 6,000 for small farmers as he presented a please-all Budget on Friday. Goyal also extended tax sops given to real estate firms for developing affordable housing until next fiscal and tax exemption on notional rent for unsold inventories for two years. Mythili Bhusnurmath, Consulting Editor, ET Now shares her views. (Text: ET Online/PTI)
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The government does acknowledge the importance of real estate sector to kick-start the economy and has initiated various steps to safeguard homebuyers' interest and revive the sector. The biggest of these steps is the announcement of Rs 25,000-crore last mile fund. So far, most of the steps are aimed at easing the supply pressure to support 'Housing for All by 2022' objective and the Budget 2020 is expected to help tackle the demand side of it. ET's Kailash Babar has more. (Text: ET Bureau)
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India's economic growth will rebound from a five-year low this year, but would need a huge boost in spending and reforms to accelerate higher rate of expansion to double the economy's size to USD 5 trillion by 2024-25, the pre-Budget Economic Survey said Thursday. Stepping up private investments, exports and job creation will be key to achieving the target, the survey said. Tune in as ET's consulting editor Swaminathan Aiyar shares his views on the Economic Survey 2018-19. (Text: PTI)
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