Realty News
The Securities and Exchange Board of India (Sebi) on Thursday released draft guidelines for infrastructure investment trusts (InvITs). This is expected to enable financing and investment opportunities in long-term infrastructure projects. The finance minister Arun Jaitley made some draft guidelines during the Budget speech last week. SEBI is supposed to follow those draft guidelines. InvITs are [...] Continue Reading »
The budget had welcomed FDI and the results have already started showing up. The foreign direct investment (FDI) flows into India more than doubled to USD 3.60 billion in May. This figure is the highest in the last eight months. According to the data of Department of Industrial Policy and Promotion, in May 2013, the [...] Continue Reading »
In Hyderabad, as many as 25 unauthorized structures have been demolished by the GHMC in the last two days. The demolished structures were among the 172 illegal structures which the GHMC has earlier identified in the city. According to the demolition-related details shared by the GHMC officials, 19 of the 25 structures demolished by the [...] Continue Reading »
Mumbai is one metro in India which does fairly good amount of rainwater harvesting and uses that water for commercial purposes. However the good news is that with Monsoon rains still scarce, the Municipal Corporation of Greater Mumbai (MCGM) has spared residents from further water cuts. The residents are rejoicing due to this move; however [...] Continue Reading »
The government is thinking about making it mandatory for the firms executing government contracts to hire at least 30 % of employees with certified skills. Though about one tenth of India’s workforce has some technical skills, only a little over 2.5 % have any formal technical education. There are about 12 million young entrants in the [...] Continue Reading »
There is some good news for India’s entertainment and other industries as the government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India). This will pump in a total investment of Rs 2,326.72 crore into the Indian economy. However the government has not only cleared the FDI proposals, [...] Continue Reading »
Employees’ provident fund organization (EPFO), is gearing up to gather the information about the number of new workers coming under its ambit. There has been a proposed hike to the ceiling for provident fund coverage to a monthly salary of Rs 15,000, as against Rs 6,500 now. Special stress has been laid on the construction [...] Continue Reading »
Due to the advent of the Narendra Modi government, there has been a heightened activity and business optimism in the market. This has put the Indian law firms in a growth trajectory and they are benefiting strongly from the surge in mergers and acquisitions (M & A) in the last few months. India’s biggest law firm [...] Continue Reading »
There was a marginal decline in property prices across certain pockets in the National Capital Region (NCR) and Mumbai over the past 6-12 months; however it has failed to lure investors. Property sales in the quarter ended 30 June remained sluggish and the real estate sector is hoping that after the announcement of the union [...] Continue Reading »
Real estate developers were hoping a lot from the new government in the center to relax the proposed norms, however are now worried about one thing that the new law may raise the cost of land acquisition significantly. Hence they are in a buying spree and have been buying more land from farmers over the [...] Continue Reading »
