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Ernst and Young

Experts expect investments worth $ 10 Billion via REIT route this fiscal

Experts expect investments worth $ 10 Billion via REIT route this fiscal
Real Estate Investment Trusts (REITs) are expected to raise a whopping $10 billion this fiscal itself after it was launched in the maiden budget presented on July 10. They are expected to provide relief to the real estate industry which has been reeling under the liquidity crunch for the last few years. REITs would get [...] Continue Reading »

The new Companies Act mandates big corporates to spend on CSR activities

The new Companies Act mandates big corporates to spend on CSR activities
Spending in Corporate Social Responsibilities (CSR) has been a new trend by the MNCs in the last few years. They want to give back to the society from where they are making whopping profits. According to the consultancy firm Ernst & Young (E & Y), the provisions of the recently amended Companies Act make it [...] Continue Reading »

DDA to go online

DDA to go online
In a move to improve transparency and efficiency, The Delhi Development Authority (DDA) is planning to make its payment and financial transactions online within this year. DDA has engaged the consultant Ernst and Young to study processes in all its departments and prepare a request for proposal document. A DDA official pointed out that the [...] Continue Reading »

WB govt to audit operations of its real estate Joint venture

WB govt to audit operations of its real estate Joint venture
The west Bengal government is focusing to exit from the joint sector real estate ventures and has involved professional services firm EY to audit the working of nine companies in which the state holds shares. As per the official, EY has tied up with Fox and Mandal to organize complete audit. A major official says [...] Continue Reading »



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