NEW DELHI (INDIA): India’s Finance Minister Arun Jaitley is all set to present the Union Budget for 2017-18 on 1stFebruary.This would be his third full-year Budget. So all eyeballs on his briefcase, what Jaitley is going to present for India.
Lets go through Summer Group’s pre-budget expectations from Jaitley.
” This year, the date for Union Budget 2017-18 is fixed for 1st February and all eyes & ears are eagerly awaiting for this year’s Union Budget which is expected to offer major relief to the majority of the population of our country. The government has already announced reforms like RERA, which has its benefits for both developers and consumers thus this union budget is highly awaited. Some positive changes expected in the budget are modifications in the tax slabs which will lead to increase in the spending capacity of the people; hence they will look at real estate sector for investments, simplification of the FDI norms, making investments easier through introduction of REITS are some other reforms expected. Single window clearance and industry status is an urgent need for this sector in order to provide the much-needed impetus on a larger scale. With RERA and GST to become operational this year, it is crucial that single window clearance is announced across the country”.
Rahul Shah, CEO, Sumer Group