The reforms announced by Hon’ble Finance Minister came at the right time and will revive business confidence in the economy ahead of the festive season. The announcement of an additional Rs 20,000 crore from the NHB to the housing finance companies will boost the market sentiments as housing will see spurge during the festive season.
Establishing a body of credit enhancement for the infrastructure projects will benefit the infrastructure company as the Rs 100 lakh crore investment announced by Prime Minister will also be released immediately. This comes as a breather for the infrastructure industry which was reeling under liquidity crunch.
Also, sanctioning Rs 70,000 crore to the banks enabling loans worth Rs 5 lakh crore will infuse liquidity in the market. Above that, as the banks agree to pass on the rate cut benefits to the consumers, it will enable the buying capacity of the end-users, hence significantly improving the sentiments.
Swift clearance of pending GST refunds for the MSME will push their businesses as from now onwards their refunds will get cleared within 60 days.
All these reforms ahead of the festive season will surely boost up the market sentiments as the purchasing power of the people is likely to splurge and due to enough liquidity infused in the market in various forms will provide relief to all the sectors be it automobile, real estate, infrastructure, textile or even FMCG. The government’s intention is very clear with these announcements that it is reluctant to achieve the target of becoming a USD 5 trillion economy in the next five years, which seems to be a realistic target now.
Mr. Pradeep Misra
Chairman & Managing Director – REPL
Mr. Misra has proven track record of industry leadership and entrepreneurial abilities. Over the period of more than 25 years, he has built up and nurtured many institutions, steered companies to market leadership positions and played crucial roles in large scale construction and consultancy projects. His industrial leadership ability reflects in the key positions that he holds, some of which are –
- Founder & CMD of REPL: An Integrated Urban Development &
Infrastructure Consultancy firm, listed at NSE
- Director in Paarth Infrabuild: A leading Real Estate Developer of North India
- Director in NMBPL: A leading Real Estate Developer & EPC firm
- Director in IM+ Capitals: Leading Business Consultancy firm, listed at BSE
- Director in RIPL: Software Solutions firm for Real Estate
- Promoter of Apnaghar: India’s first Online Architectural Design Company
- Director in SDA: Singapore based Architecture & Panning Firm