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Infra boosters in budget

Pass through benefit for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)

Infra boosters in budget

-Pass through benefit for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)

-For smart cities, minimum built up area and capital conditions for FDI reduced, respectively, to 20,000 sq m from 50,000 sq m and $5m from $10m, with a three-year post-completion lock-in.

-Minimum built up area & FDI eligibility criteria waived for projects which commit at least 30% of project cost for low-cost affordable housing

-R7,060 crore set aside for promoting smart cities

-Banks permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory preemption such as CRR, SLR and PSL

-R37,880 crore investment in NHAI and state roads, of this R3,000 crore for the North East. NH construction target of 8,500 km to be achieved this year

-R500 crore for preparing projects to build expressways along industrial corridors

-R14,389 crore for Pradhan Mantri Gram Sadak Yojana

R100-crore Viability Gap Funding for Lucknow, Ahmedabad Metro projects

-R11,635 crore for development of Outer Harbour Project phase-1 in Tuticorin. 16 ne-port projects to be awarded

-R4,200 crore to be spent over six years to develop Jal Marg Vikas between Allahabad and Haldia on the Ganga,

-Scheme for development of ne-airports in tier-I and tier-II will be launched for implementation through AAI or PPPs

-R25,000 crore for Rural Infrastructure Development Fund (RIDF)

-Deen Dayal Upadhyaya Gram Jyoti Yojana for feeder separation, with allocation of R500 crore

-To rene-infrastructure and facilities in at least 500 urban habitations through PPPs in 10 years. Provisions include safe drinking water, sewerage/waste management,and digital connectivity

-R5,000 crore to build scientific warehousing infrastructure

-R500 for 3P India, an institution to support mainstreaming of PPPs

-Additional 15,000 km of pipeline to be developed through PPP

-SEZs to be developed in Kandla and JNPT. Policy to promote ship building industry in the financial year

-R100 crore to explore Ultra-Modern Super Critical Coal Based Thermal Power Technology

-R500 crore for taking up Ultra Mega Solar Power Projects in Rajasthan, Gujarat, Tamil Nadu, and J&K (Ladakh)

-10-year tax holiday to undertakings which begin generation, distribution and transmission of power by 31.03.2017

Income tax deduction on interest on home loan increased from

R1.5 lakh to R2 lakh

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First published on: 23-07-2014 at 00:58 IST
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