Monthly Archives: July 2014


Budget 2014 Reactions: Air India to get Rs.6,500 crore of fresh equity

Finance Minister Arun Jaitley Thursday proposed infusion of an additional equity of Rs.6,500 crore in the cash-strapped national passenger carrier Air India for the current fiscal.

“Budgetary support of Rs.6,500.00 crore has been earmarked for equity infusion in Air India Limited,” said the expenditure budget document.


Budget 2014 Reactions: Budget 2014 will boost job creation: Ranstad India CEO

The Budget is in the right direction and aims to push economic growth by containing fiscal deficit and inflation. Opening up of FDI in a few sectors will boost job creation. We expect short to mid-term job creation in the insurance sector and long-term job creation in infrastructure and manufacturing sectors. The Micro Small and Medium Enterprises (MSME) sector will see momentum on the back of the Rs 10,000 crore venture capital funds. It has the potential to be a key job creator in the long term. The creation of Skill Development Academy will make the 10 million to 12 million entering the job market employable. Lack of opportunities and access to proper training and facilities have led to a widening of the skill gap in India. The move to set up IITs, IIMs and medical colleges is a major boost to the education sector. These institutes will be able to attract good faculty members due to the brand and higher salaries they pay. It is also an good initiative for students too. We need not right away about jobs for them as it will be a few years before they graduate. Hopefully, the economy will have much more to offer by then.Moorthy K Uppaluri is CEO, Randstad India.


Budget 2014 FOCUS : India takes step towards allowing foreign investment in e-commerce

Jaitley in his budget speech said manufacturing units will be allowed to sell products through retail channels, including e-commerce platforms, without any additional approvals. India allows 100 percent foreign investment in manufacturing barring a few areas such as defence.

It proposed allowing foreign retailers, who manufacture products in the country, to sell via e-commerce platforms, a step towards liberalising foreign investment in the country’s $13 billion e-commerce sector.


Budget 2014 FOCUS : Real estate shares gain on budget plan for REITs

Reuters Market Eye – Shares of real estate developers gain on finance minister Arun Jaitley’s plan to provide incentives for the establishment of real estate investment trusts.

DLF Ltd (DLF.NS) gains 9 percent, Prestige Estates Projects (PREG.NS) rises 6.3 percent, Indiabulls Real Estate (INRL.NS) is up 5 percent while Housing Development and Infrastructure Ltd (HDIL.NS) advances 5.4 percent.

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