Additionally, any measures like bringing infrastructure bonds under Section 80C and re-introduction of Section 10 (23)(G), which could allow banks to claim the interest earned on long-term lending to infrastructure projects as tax deductible, would partially ease funding worries.

Initiatives to improve the execution pace of projects (various clearances, faster land acquisitions) are also on the wish list.

There are hopes of Section 80-IA benefits being extended to main contractors (now available to developers), which will help to reduce their tax liability.

The re-introduction of Section 80M, which allows deduction of dividends received from subsidiaries for computing dividend distribution tax at the parent company's level, could be positive for companies carrying out their business through separate subsidiaries or SPVs like GMR, Jaiprakash Associates, L&T and IVRCL among others.