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Budget 2024: Key highlights

Key highlights of Interim Budget 2024

Boost on the cards for auto components?

The Indian automotive industry sector has a positive outlook for the upcoming Budget, with expectations for updates on the FAME 3 scheme, PLI sops, and GST revision.

The Mining Boom

India's increasing coal projects drive a surge in mining equipment demand!

NIP can make CE tick

As per the ICEMA report, the Indian construction equipment (CE) industry has experienced a 23 per cent drop in sales at the end of the third quarter of the current financial year (Q3FY22) compared to Q3FY21.

Budget 2022 and a big infra push

The union budget can be termed as a growth-oriented one, with the government focusing strongly on world-class infrastructure development.

FM announces ‘PM-DevINE’ for North East

Union Finance Minister Nirmala Sitharaman on Tuesday announced a new scheme to give impetus to development of the northeastern region.

Landomus to invest $500 billion in Indian infra projects

Landomus Realty Ventures Inc gave a proposal to invest $500 billion into the National Infrastructure Pipeline (NIP) of India as a part of its Build India initiative.

Green tax imposition on commercial vehicles in India

Rather than exempting certain type of vehicles out of green tax, like alternate fuels like CNG, ethanol, LPG and vehicles used in farming such as tractor, harvester, tiller, etc. the policy should be driven for all internal combustion engine-based vehicles checking for the pollution levels, writes Prasad Sreeram.

Focus on infra to revive economic growth

The government’s focus on building infrastructure will create jobs and revive economic growth

Next stage of airport privatisation to begin in April

Next stage of airport privatisation to begin in April

Budget focuses on infra to revive economic growth

Finance Minister Nirmala Sitharaman proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP)

Union Cabinet clears new divestment policy

The Union Cabinet cleared the new policy for Public Sector Enterprises (PSEs). A broadsheet for disinvestment is expected to be announced by Finance Minister Nirmala Sitharaman in the Union Budget.

Backhoe Loaders Bouncing Back

In the current market conditions, the customer focus will be on equipment with better productivity and cost saving. Backhoe loader with its multi-utility advantage and competitive price will drive the demand in the current market scenario.

SBI sanctions Rs 150 billion loan to MSMEs

State Bank of India has approved Rs 150 billion loan to MSMEs and disbursed Rs 87 billion

Budget 2020

The Budget 2020 presented by Union Finance Minister Nirmala Sitharaman has given thrust on infrastructure development of the country.

Open Letter to Finance Minister

The construction industry employs 35 million people, which is more than the population of Australia or Malaysia, and contributes 8 per cent of India?s GDP.

Port Infra Needs Facelift

Developing new ports and terminals and the revival of old infrastructure at major ports in the country are expected to open up new opportunities for port equipment companies.

Infrastructure takes pole position

The Central Government's latest announcement on investment in infrastructure has revalidated the mood that was set by Union Minister Nitin Gadkari at EXCON this December.

TECH-MOVES

With the government plans to invest Rs 102 trillion in infrastructure development in the next five years, the demand for construction equipment will be immense.

Govt sets up Rs 250-bn revival fund for realty

The Union Cabinet has approved constituting a Rs 250-billion alternative investment fund (AIF) for the revival of around 1,600 stalled housing projects across major cities in the country.

Srei Equipment, United Bank to jointly offer loans

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), partnered United Bank of India to jointly offer loans to MSME sector and retail customers under a co-lending arrangement.

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