Government of India
The Prime Minister Manmohan Singh said that India plans to provide affordable electricity to all households in the next five years. In the next five years, India is aiming to provide 24×7 electricity to all households in the country and affordable electricity, said the Prime Minister inaugurating an International Seminar on Energy Access organised by [...] Continue Reading »
North Delhi Municipal Corporation today insisted officers to collect taxes with sincere efforts so that it would help the body. Standing Committee Chairman, Yogender Chandolia, said that approximately Rs 4,800 crore can be collected from regularisation of unauthorised construction, floor wise regularisation, freehold the shops transferred from the government and by charging property tax on [...] Continue Reading »
The government of India is planning to check the generation of black money in the real estate sector in India. In order to do that the government again suggested to introduce the tax deduction at source (TDS) on sale-purchase of properties in India. In a Paper on black money prepared by the Finance Ministry, it [...] Continue Reading »
The government of India has decided to attract public-private participation, in National Highways projects. To implement the government strategy the NHAI has adopted Build-Operate-Transfer [BOT] (Toll) mode of delivery under public private partnership (PPP) as the preferred mode for development of highway projects. The cost of construction varies on different territory of India. To recover [...] Continue Reading »
In a press release by the Government of India, The Ministry for Housing and Urban Poverty Alleviation department reported that to create a slum free India, Rajiv Awas Yojana has been launched. The housing scheme will provide financial assistance to States that are willing to assign property rights to slum dwellers and to provide basic [...] Continue Reading »
The efforts taken by Greater Hyderabad Municipal Corporation (GHMC) has finally proved successful. Recently GHMC mayor Banda Karthika Reddy and commissioner MT Krishna Babu awarded “Best city for outstanding effort to attain slum-free status“. This award was given under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) under government of India and ministry of housing and [...] Continue Reading »
Land acquisition Act was framed in the year 1894 which was framed to provide justice to the people accused in land cases. However its been decades now and the act needs to be immediately re-phrased. The act no more provides space for rehabilitation of individuals displaced from their own land and intern their livelihood is being [...] Continue Reading »
The Reserve Bank of India (RBI) has planned to reduce the number of financial shares from resident and non-residents in India. This new set of financial norms is said to be released at the earliest and this will include investments made on housing and other such things. This plan will be approved by RBI only [...] Continue Reading »
Minimum Alternative Tax (MAT) which has been imposed alongside Dividend Distribution Tax (DDT) to adversely affect 50-odd Gujarat’s SEZ proposals. Proposals made in two Vibrant Gujarat investment summits, in 2009 and 2011, worth around Rs 1.25 lakh crore, would be adversely affected. The Government of India’s (GoI) to impose a minimum alternative tax (MAT) of [...] Continue Reading »
