Infrastructure sector gets a boost– FM announces Rs
50,000 crore of tax free bonds to raise money for infrastructure & targets
$1 trillion in infrastructure in the 12th plan.
He also says that Infrastructure Debt Funds will be
encouraged & proposes to constitute regulatory authority for the roads
sector
There is good news for home loan takers as
people taking a home loan in 2013-14 for an amount up to Rs 25 lakh will be
allowed an additional deduction of Rs 1 lakh.
Rs 600 cr for rural housing fund in 2013-14 has also been
proposed.
Government to
build of two new major ports, one at Sagar and another in Tamil Nadu. To
encourage investment, companies would be given investment allowance for
projects of Rs 100 crore or above between April 1, 2014 and March 31, 2015. The
companies would be allowed to deduct 15% of the investment in addition to the
normal depreciation rates.
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