Developers say an increase in the FSI was long due, given the scarcity of land, but stress the need for stronger infrastructure to support such high-rise buildings.
Considering the disvestment mop-up target of Rs 30,000 crore (Rs 300 billion) for financial year 2012-13, the government is thinking of optimising the collection from stake sales in central public sector enterprises (CPSEs).
A senior income tax department official in the know of the discussions to have taken place in the finance ministry said the ministry was looking into the issue as a possible option.
Disinvestment Secretary Mohammad Haleem Khan told Business Standard that till now, public sector companies were only allowed to invest in mutual funds, apart from putting money in bank fixed deposits, but the Cabinet had now approved the proposal to allow these companies to buy equities of other CPSEs.
Officials said apart from infrastructure and skill development, agriculture could be the next big focus area.
Finance Minister Pranab Mukherjee will likely encapsulate this thinking in his Budget speech, to be finalised by March 13.
The requirement of one million units would entail a huge market for firms such as HCL Infosystems, Geodesic, VeriFone, Visiontek and others manufacturing micro-ATMs.
Non-flagship programmes to get a mere 5% hike in allocation
Move to allow the FDI in domestic airlines is expected to benefit Kingfisher Airlines.
Warehousing law amendment on cards to allow farmers use storage receipts as security for bank loans
The Unique Identifiaction Authority of India is expediting creation of platforms for implementing the model, likely to include coverage of the Public Distribution System and other areas of subsidy, and also government's social sector schemes.
Though the Centre's fiscal consolidation story is taking a hit, Plan expenditure is likely to provide some respite. In the Budget, expected to be tabled by mid-March, the Plan expenditure is likely to be scaled down in the revised estimates for 2011-12, compared to Budget estimates.
To speed up the vacation of additional 2G and 3G telecom spectrum, the government will likely make a Rs 5,000-crore (Rs 50 billion) provision in the Budget for an alternative network for defence services. The spectrum released in lieu of that would increase the availability for civilian use.
Bailout packages for fiscally stressed states are in the works, as the government seeks to garner political backing for the key policy reforms it plans to fast-track after the five state elections. A senior finance ministry official involved in the process said a high-level committee under expenditure secretary Sumit Bose had held consultations to identify measures to help West Bengal, Punjab and Kerala.
Provident fund body may get support to ensure interest rate comparable with other savings instruments.
But says the airline will have to meet targets to get fund.
In what could mean a big investment opportunity for the construction industry in the years to come, the road transport ministry plans to more than double private participation in highway construction during the 12th Five Year Plan starting April 2012.
Document to talk about social unrest, energy shortages, global factors.
The authority is set to cross the target by the end of this month, with a million enrolments every day. It has already allotted 116.3 million Aadhar numbers.
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