Across the board excise duty cut of 4% ,therefore prices of most manufactured goods to fall. Expect cheaper cars, bikes; consumer durables like washing machines, ACs; nondurables like soaps, eatables; commodities like steel, cement.
Additional plan spend of Rs 20,000cr this fiscal , this is expected to stimulate demand and boost economy.
India Infrastructure Finance Company Ltd allowed to raise Rs 10,000 crore through tax-free bonds for lending to highway projects, a leg up for infrastructure projects; estimated that this would support public-pvt partnership projects worth Rs 1 lakh cr in highways.
RBI to provide Rs 4,000crore refinance facility to National Housing Bank for lending to housing finance companies at low rate, therefore cheaper home loans; expected to stimulate demand for houses.
Govt to bear two percentage points of interest costs in loans taken by export units, hence Indian exporters, hit by global slump, to become more competitive.
Govt departments allowed to replace their vehicles in current fiscal ,sale of cars to rise.
More relief for micro and small units, apart from RBI pumping in Rs 7,000 crore into SIDBI - Micro and small units, which employ millions, may stay afloat. Govt doesn’t want these units to shut down in an election year .
Additional plan spend of Rs 20,000cr this fiscal , this is expected to stimulate demand and boost economy.
India Infrastructure Finance Company Ltd allowed to raise Rs 10,000 crore through tax-free bonds for lending to highway projects, a leg up for infrastructure projects; estimated that this would support public-pvt partnership projects worth Rs 1 lakh cr in highways.
RBI to provide Rs 4,000crore refinance facility to National Housing Bank for lending to housing finance companies at low rate, therefore cheaper home loans; expected to stimulate demand for houses.
Govt to bear two percentage points of interest costs in loans taken by export units, hence Indian exporters, hit by global slump, to become more competitive.
Govt departments allowed to replace their vehicles in current fiscal ,sale of cars to rise.
More relief for micro and small units, apart from RBI pumping in Rs 7,000 crore into SIDBI - Micro and small units, which employ millions, may stay afloat. Govt doesn’t want these units to shut down in an election year .
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