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Showing posts with the label ECONOMY

Budget 2018 must address these key issues to boost investment in infra

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While talk of land bank monetisation has been around for over a decade, little has been done by way of a fully structured policy and its consequent implementation BUDGET NEWS  :           As India's Finance Minister is days far from offering finances 2018, there are two key issues that he should deal with to boost funding and growth inside the usa. they may be: Non-tax sales from land bank monetisation of public establishments, and complete tax-exempt status for profits from debt devices issued through actual property funding Trusts (REITs) and Infrastructure funding Trusts (InvITs) in India. The finances ought to pay attention to non-tax resources of revenues mainly that allows you to partially monetising the land banks of large public establishments consisting of the Indian Railways and the Airport Authority of India (AAI). Land bank monetisation solves two core problems for India -- lack of available land for inf...

$500 bn Saudi mega-city to be listed alongside Aramco, says Crown Prince

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The 26,500-square km business and industrial zone, named NEOM, will extend into Jordan and Egypt LATEST NEWS :  The $500 billion mega-city planned by Saudi Arabia will be floated on financial markets alongside oil giant Saudi Aramco as part of the kingdom's drive to diversify away from oil, the crown prince told Reuters in an interview late on Wednesday. The 26,500-square km (10,230-square mile) business and industrial zone, named NEOM, will extend into Jordan and Egypt. It was unveiled on Tuesday at a three-day international investment conference. The surprise announcement is the latest - and most extraordinary - in a slate of privatisation programmes led by the floating of oil giant Saudi Aramco. The sales are designed to boost the Saudi economy and create jobs for millions of young people. "The first capitalist city in the world ... this is the unique thing that will be revolutionary," Crown Prince Mohammed bin Salman said. "Without a do...