Thursday, 10 July 2014

BUDGET UPDATES

 Budget Update: Investment of Rs 7,060 crores for Smart Cities initiative could boost IT spending   

Budget Update: Allocation of Rs 4000 crore to affordable housing scheme. A positive for electrical goods manufactures

Budget Update: The Government has proposed to set aside Rs 500 crore for the deeper penetration of broadband services.It would be positive for D-Link   

Budget Update: Interest subvention scheme on short term crop loan to to farmers at 7% and at 4% for timely repayment to be continued which is positive for Banks   

Budget Update: Banks permitted to raise long term infrastructure bonds which will have limited CRR, SLR requirement. (Positive)   

 Budget Update: Six new Debt recovery tribunals to be setup which shall aid in faster recovery of bad loans. More positive for PSU banks 

Budget Update: NHAI to target 8000km road awarding in FY15, positive for IRB, Sadbhav, ITNL & Ashoka Buildcon   


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