0 Bewertungen0% fanden dieses Dokument nützlich (0 Abstimmungen)
22 Ansichten10 Seiten
Spending in infrastructure estimated at Rs 2,14,000cr an hike of over 23% from Rs 1,73,000cr during 2010-11 Nearly 48.5% of the plan allocation. Capital investment in fertilizer production proposed to be included as an infrastructure sub-sector. Tax free bonds of Rs.30,000 crore proposed to be issued by Government undertakings during 2011-12.
Spending in infrastructure estimated at Rs 2,14,000cr an hike of over 23% from Rs 1,73,000cr during 2010-11 Nearly 48.5% of the plan allocation. Capital investment in fertilizer production proposed to be included as an infrastructure sub-sector. Tax free bonds of Rs.30,000 crore proposed to be issued by Government undertakings during 2011-12.
Copyright:
Attribution Non-Commercial (BY-NC)
Verfügbare Formate
Als PPTX, PDF, TXT herunterladen oder online auf Scribd lesen
Spending in infrastructure estimated at Rs 2,14,000cr an hike of over 23% from Rs 1,73,000cr during 2010-11 Nearly 48.5% of the plan allocation. Capital investment in fertilizer production proposed to be included as an infrastructure sub-sector. Tax free bonds of Rs.30,000 crore proposed to be issued by Government undertakings during 2011-12.
Copyright:
Attribution Non-Commercial (BY-NC)
Verfügbare Formate
Als PPTX, PDF, TXT herunterladen oder online auf Scribd lesen
• The spending in infrastructure estimated at Rs 2,14,000cr an hike of over 23% from Rs 1,73,000cr during 2010-11 • Nearly 48.5% of the plan allocation. • Government to come up with a comprehensive policy for further developing PPP projects. • Capital investment in fertilizer production proposed to be included as an Infrastructure sub-sector • Budget: The Reforms • Under take out financing scheme, seven projects sanctioned with debt of Rs. 1,500 crore. Another Rs. 5,000 crore will be sanctioned during 2011-12. • To boost infrastructure development, tax free bonds of Rs.30,000 crore proposed to be issued by Government undertakings during 2011-12. • • Raising the venturing limit of FII in infrastructure sector from $20bn to $40bn • The total disbursement target for India Infrastructure Finance Company Limited (IIFCL) has been hiked to Rs 25000cr from Rs 20000cr • The Story so far... Deafening silence …. • Major issues that are holding back the creation of bankable infrastructure projects from the private sector. • Burning issues such as land acquisition and associated relief and rehabilitation issues, environmental issues and strengthening of the regulatory framework go unnoticed. • Also, the issue of a coal regulatory authority, mentioned in an earlier budget, is happily skipped. Budget & Infrastructure • Energy sector : Domestically supplied UMPP equipment has been exempted from excise duty, but only to provide a level-playing field against imports. • Coal sector : Issues like coal regulatory authority, investments in the sector, forest land and mining go unnoticed. • Housing sector: Affordable housing has been given a fillip with a hike in the priority sector loan limit to `25 lakh and an interest rate subvention of 1% for loans up to `15 lakh. This sector should also get additional relief from the incremental `1,000 crore for the rural housing fund and the credit enhancement for LIG through the Mortgage Risk Guarantee Fund. • Cold chains and cold storages will be treated as ‘infrastructure’ and the capital investment will be eligible for VGF assistance Financial Impact Increase in the limit for FII investment in infrastructure sector corporate bonds to $25 billion, the exemptions for notified infrastructure debt funds, the access afforded to mutual fund investments to FIIs / Sebi sub-account holders and to almost anybody in mutual fund equity schemes, the extension by one year for investments in the long-term infrastructure bonds will all contribute to easing the supply of funds for the sector. Budget Proposal Sector impact Companies impacted
48.5% of total Positive as Positive for
plan allocation companies will companies like have more HCC,NCC,Simplex opportunities L&T,etc
SEZ developers Companies will Negative for
and units pay Mundra port operating are 18.5%effective brought under MAT tax rate. Creation of infra Positive as Positive for debt fund access to low companies like cost funds L&T, Gammon India Budget Proposal Sector impact Companies impacted Deduction of an Will result in Positive for additional amount more investment L&T, GMR Infra, of Rs.20000 on tax in infra sector IRB Infra savings Increased Positive for Positive for BEL, allocation to companies BEML, L&T Defense Capex manufacturing Increased from 60833Cr. To Positive defense for Positive for allocation 69199Cr.(13%to infra companies IL&FS Transport, components Bharat increaseNirman ) IRB Infra, L&T. from 48000 Cr. To 58000 Cr. Budget Proposal Sector impact Companies impacted Tax free bonds Financing for Positive for worth 30,000Cr. infra will be IRB,IL&FS, GVK Are proposed to easier power be issuedin rural Positive for Increase Positive for IRB infra development infra companies Infra, L&T. fund by 2000Cr.