...Alliance(NDA) Government’s election promise to overhaul the economy. The main challenge before the NDA Government was to find a more robust path towards fiscal consolidation keeping in mind both the need for more investment to boost the economy and welfare measures for the people. Among the remarkable measures is the move towards a more stable tax regime, encouragement of Foreign Direct Investment in sectors like defence, insurance and real estate and a push towards infrastructure, power, water and sanitation. The Finance Minister said that the present budget was only a beginning towards a 7-8% growth in the next three to four years and laid down broad policy indicators to achieve the same. Among the sectors that are going to be affected by the new union budget, real estate is a prominent one. With liberal norms for FDI and tax incentives for real estate investment trusts, besides the focus on low-cost housing, infrastructure development and the budget allocation of Rs 7,060 crores for development of 100 smart cities along with the promise to deliver 'pucca' housing for all by 2022, real estate sector is expected to flourish in the coming few years. With our manufacturing sector registering a slowdown in recent years, the need to reverse the fall has been captured well. The investment allowance of 15% for all the manufacturing firms that invest more than 25 crores will help many Small and Medium Enterprises avail the benefit.A 1000 crore venture capital fund is also planned to be set...
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...Dedicated with regards to my Parents [pic] ACKNOWLEDGEMENT The project of such magnitude cannot be accomplished without the assistance and co-operation of several people. Exchange of ideas generates a new object to work in a better way. So, whenever a person is helped and co-operation by others, his heart is bound to pay gratitude and is not merely formalities but an expression of deep sense of gratitude and cumulative appreciation. Now first and foremost, I feel highly obliged to Mr. R. K. Sharma, District Manager: Apollo Tyres Ltd. Muzaffarpur who got me placed for project training, which had sent materials, according to my topic for execution in order to perform the work for preparing this dissertation. I would like to mention something special about my supervisor Mr. Vipin Kumar, (Asst. Professor) L.N.Mishra College of Business Management, Muzaffarpur, and making acknowledgement that without his kind co-operation, attention, wise guidance and a regular feedback from me, my mission would not have been fulfilled its milestone. I have not the desired word power to express my heartiest gratitude regards reverence and indebtness to him. I also acknowledge with a deep sense of reverence, my gratitude towards of my parents and member of my family, who has always supported me morally as well as economically. [Md. Nishat Alam] PREFACE As it is said ............"The theory without practice is lame and...
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