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Differential rate of interest scheme (DRI) was formulated by the central government in 1972 for extending financial assistance at a concessional rate of interest (4%) to select low income groups for productive endeavours. These loans were to be given initially by public sector banks and then by private sector banks also. The Reserve Bank of [...] Continue Reading »
In the Municipal Corporation of Delhi (MCD) Civic Centre, there are four water harvesting wells. The motor that pumps out the water hasn’t been working for some time due to which there was water accumulation yesterday in front of the office. Even on Ranjit Singh Marg there was waterlogging and huge traffic jam due to [...] Continue Reading »
Ten multi-level parking facilities will come up for Rs 100 crore at different locations in Bangalore where shopping malls are located and parking is an issue. The places chosen include : A vacant site in one corner of Freedom Park, on Gandhi Bazar Main Road, a vacant land next to Garuda Mall, at Jayanagar shopping [...] Continue Reading »
Sewage treatment plants (STPs) are to be constructed in various parts of Hyderabad. Secretary, ministry of environment & forests (MoEF), T Chatterjee who came to the city along with a team on Friday, to review the Musi project works, in principle, agreed to study the ‘detailed project reports‘ (DPRs) of STPs for further approval. The [...] Continue Reading »
In recent, a best case has been seen how the builders/developers exploit the consumers. In February 2001, Prashant Kulkarni booked a flat measuring around 975 sq ft for Rs 6.5 lakh in a building which was to be constructed by the builder Vijay Wagh at Kothrud. The possession was to be handed over on or [...] Continue Reading »
There was an unanimous demand from all farmer organizations for a land acquisition bill. The revised draft of the Land Acquisition, Rehabilitation and Resettlement Bill (LARR) has been sent for inter-ministerial consultations. It will be sent for cabinet approval in the first week of September and introduced in the Parliament soon after. The contents of [...] Continue Reading »
A day after Anna Hazare was taken to Tihar jail complex, the NCR witnessed protests, sloganeering, human chains, candlelight vigils and strikes undertaken by people from all professions and strata of society. The effect of Anna Hazare’s mass movement was felt in Gurgaon for the second consecutive day on Wednesday. Over 100 supporters of Anna [...] Continue Reading »
India’s largest developer DLF had said that it plans to sell developed assets, including IT parks and its hotels business as well as hotel plots to raise Rs 7,000 crore over the next two years. The company reported that the money from the sale of non-core assets was Rs 165 crore in April-June quarter. The [...] Continue Reading »
Fresh ‘lock-and-seal’ notices were issued last week to 10 buildings in areas like Arumbakkam, George Town and T Nagar. The builders have been given time of one month to restore the buildings to their original plan or vacate the premises. Since the notices were being issued after four years, the enforcement wing inspected all the [...] Continue Reading »
The tax wing staff have been collecting property tax dues either in the form of cash or cheques from property owners and giving manual receipts. There were instances of some staff issuing fake receipts to owners by collecting the amount. Now, the Greater Hyderabad Municipal Corporation (GHMC) will collect property tax through hand-held machines in [...] Continue Reading »
