Author: Sandeep Goyal
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Budget 2014-15: REITs & IIT Schemes likely to push Steel Demand in FY15
As per the Union Budget 2014-15, government provides incentive to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (IIT), which will be ultimately beneficial for the Steel Industry. What is REITs? REITs is like a mutual fund, which invests in real estate instead of securities. Under this, money is pooled from a set of…