Sunday, February 15, 2009

Budget must address slowdown

Rohit Gera, Director, Gera Developments:

"This is a time when all parties need to come together to approve any stimulus that an interim budget offers.

Real estate and construction is now accepted as an engine that can power growth of the economy. It is essential that lower inflation leads to lower interest rates, to increase affordability for home buyers.

The budget ought to have incentives for first-time home buyers and those renting their homes.

It is also important that the budget focuses on an improved sense of job security for the employees of industries that are most affected by the current global crisis."

Aniruddha Deshpande, M. D., City Corporation Ltd:

"In today's situation the budget should help arrest the recessionary tendencies, if not trigger a double digit growth rate," Deshpande said a tax break to individuals to spur spending, further relaxation of credit to industry and small and medium industries and continuation of the rural employment scheme could be the government's priorities.

One more dose of stimulus across the economy, especially for infrastructure, housing and export sector is needed, Deshpande added.
To read more, please, visit - Dileep Athavale-The Times of India

What will give you "an improved sense of job security"?

Now, you can't say that Pune builders don't care for you. See, Mr. Rohit Gera, Gera Developments, cares for your job. Mr. Aniruddha Deshpande, Amanora Park Town, wants you to shop!

Can you tell me what government should do to give you "an improved sense of job security"? What will you give in return? Votes? Please, confirm in the comments. (Comments Policy)

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