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Chennai: Self-supporting residential township to be developed in Kadambur

Chennai: Self-supporting residential township to be developed in Kadambur
Tamil Nadu Chief Minister J Jayalalithaa said in a Tuesday announcement that the government has plans underway to develop a new self-supporting residential township in Kadambur near Maraimalai Nagar in suburban Chennai. Kadambur is located at a distance of 50km from Chennai; and is in close proximity to Maraimalai Nagar which has emerged as a [...] Continue Reading »

GAAR to be levied from March 2015

GAAR to be levied from March 2015
A government official stated that the government is still in dilemma on whether the much controversial general anti-avoidance tax law or GAAR should be started as scheduled and whether they have enough time to review it. Shaktikanta Das, the revenue secretary said during a post budget interaction along with an industrial body CII that, in [...] Continue Reading »

GAAR should be implemented post review: Shaktikanta Das

GAAR should be implemented post review: Shaktikanta Das
The government is yet to decide on whether the controversial general anti-avoidance tax law GAAR should be implemented as scheduled or not. They have enough time to review that, and should look into all the aspects before taking the final call. The Revenue Secretary Shaktikanta Das mentioned in a post-Budget interaction with industry body CII (Confederation [...] Continue Reading »

The second phase of the Waverock IT Park launched: Inaugurated by KCR

The second phase of the Waverock IT Park launched: Inaugurated by KCR
Many global real estate players believe that the Narendra Modi Government would bring back positive market sentiments. Global real estate developer Tishman Speyer is also one of them and is shifting back its focus on India. The company now is looking at expanding its footprint in the domestic market and planning new projects across many [...] Continue Reading »

SEZs to be included later in the Budget

SEZs to be included later in the Budget
The Union Budget might have missed on the tax concessions for Special Economic Zones or SEZs but the government has been working out on the comprehensive packages for the special zones to increase their exports, other investments, in other words increase their economic activities. The government intend to offer the SEZs some packages for their [...] Continue Reading »

Housing for all by 2022 : Naidu

Housing for all by 2022 : Naidu
BJP’s manifesto clearly charted out the housing for all agenda by 2022. Urban Development and Housing Minister Venkaiah Naidu mentioned in New Delhi that this is a top priority of the government, which is exploring all financial models, to go ahead with the ambitious scheme. Modi has invited the states and Union Territories ministers to [...] Continue Reading »

Maruti’s land acquisition faces opposition by farmers

Maruti’s land acquisition faces opposition by farmers
Farmers, in parts of Gandhinagar and Ahmedabad, protested against land acquisition by Maruti. The villagers claim that the land was taken away from them at a throwaway price and given to Maruti. This is the second major instance where farmers are protesting against the State Government’s attempts to acquire agricultural land for industries. The farmers [...] Continue Reading »



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