Bangalore
Economic slowdown in the country has even hit tax collection in the April-June quarter. Only 6.77 per cent growth in gross direct tax collection has been recorded in the quarter while the target for the year was 15 per cent. The gross tax collection for the quarter was over Rs 1.11 lakh crore as against [...] Continue Reading »
People from rural areas are migrating to cities as a result of urbanization and industrialization. The demand for housing is increasing rapidly along with the increase in rate of migration. Apartments and flats are stretched in every direction. But yet they are not sufficient as the population is increasing at a fast pace. An abundant [...] Continue Reading »
Sobha Developers, Bangalore-based real estate company, has given a new sales guidance for the year of $363 million (Rs 2,000 crore) for this fiscal. For the same period last year, the developer managed sales of $309 million (Rs 1,700 crore). In the second quarter of FY12, the realtor launched Sobha West Hill in Coimbatore. It [...] Continue Reading »
The ‘Garden City’ residents are waiting to see when the Bruhat Bangalore Mahanagara Palike (BBMP) will wake up to their plight and takes some remedial action against garbage that is piling up in Bangalore as the contractors are not bothered to collect it. The communities, who live around Mavallipura, where the city’s garbage was dumped [...] Continue Reading »
Eight Indian companies have made it to Fortune magazine‘s 2012 list of world’s 500 largest companies with Indian Oil and Reliance Industries finding a place in the top 100. With an annual revenue of $86,016 million, Indian Oil has cornered the 83rd spot up from 98th place last year. Mukesh Ambani-led Reliance Industries is the [...] Continue Reading »
The condition of Victoria Road in Bangalore city is in pathetic condition causing problem to patients coming to Victoria hospital and to the Majestic-bound motorists from Ulsoor, Viveknagar and other areas. The BBMP authorities, who create a lot of fuss whenever a house owner digs road for water or electricity connection, are not taking any [...] Continue Reading »
Realty builders of Bangalore are unauthorised to sell parking spaces, but still they collect money and provide ownership of the space to their tenants. Taking advantage of the ignorance of their tenants almost all the builders in the city have made it a practice to sell parking spaces in apartment complexes, gated communities and so [...] Continue Reading »
It has been nearly six months that the residents of ISRO Quarters on G-5 Road (KV NAL Road), Jeevan Bhima Nagar are facing acute drinking water shortage problem. Ironically, though BWSSB water supply stopped long back, the residents are getting their water bills without fail. Earlier, water was supplied on alternative days. But now it [...] Continue Reading »
According to ‘India Tax Ratio 2012‘ report by TaxSpanner, an online income tax return filing portal, only 56 per cent salaried individuals surveyed in the country own a house despite earning more than Rs 10 lakh annually. And amongst those earning below Rs 10 lakh annually, only 13 per cent own a house. This shows [...] Continue Reading »
A local court in Bangalore has issued a non-bailable warrant (NBW) against Karnataka Forest Minister, CP Yogeshwar, after he failed to appear before it in connection with Mega City Scam cases filed against him. The minister was allegedly involved in 14 cases concerning the Mega City Builders and Developers Ltd. (MDBL), Bangalore. The firm had [...] Continue Reading »
