Government
A change in the ownership of Care Ratings is imminent in the few days, with private equity players Carlyle and Barings making a bid to take over IDBI and other institutions’ 45 per cent stake on Saturday. On Saturday the auction for IDBI and other financial institutions’ stake in Care Ratings was closed. As confirmed [...] Continue Reading »
A 20-30 per cent hike in circle rates across various categories of properties may be witnessed by the capital over the next fortnight. The hike may be steeper for the upscale colonies in categories like A and B. This effort is been taken to rationalize registration in view of market rates , to tame the black [...] Continue Reading »
The government is looking to utilize surplus PSU funds for infrastructure projects to kick-start the investment cycle. National Manufacturing Competitiveness Council has put forth the suggestion and the government has held meetings with heads of various public sector undertakings and secretaries of administrative ministries, as informed to the Parliament. Heavy Industries & Public Enterprises Minister, Praful [...] Continue Reading »
As per a survey by Housing Start Up Index (HSUI), there has been a significant rise in housing demand in Tier-II cities like Bhopal and Indore, while the Tier-I cities have taken a beating. HSUI is an indicator of volume of construction in the housing sector in certain period covering 27 cities across India. Indore witnessed [...] Continue Reading »
Government of India’s decision to blacklist Cyprus for not providing tax data is set to hit developers and realty funds. Investors who have taken funds through Cyprus are likely to face a big decline in returns as developers will now be expected to withhold higher tax amounts. The investments have now jumped to 30% which [...] Continue Reading »
New Delhi- The city government was asked to revive its panel to re-look into the lawyers’ body plea formed against the formation of 11 judicial districts by the Delhi High Court. The jurisdiction of few areas has been transferred to many places away from district courts. The Delhi High Court bench consisting of the Chief Justice D Murugesan [...] Continue Reading »
Can the civic body make a new development plan without asking the slum dwellers? Though Mumbai city comprises of 70 percent slum dwellers, the civic body has established its new plan without consulting them. Till now the development plan has not done anything for the urban poor. The development plan has not made any housing [...] Continue Reading »
Belgaum- The government of Karnataka has been strictly accused by the Comptroller & Auditor General of India (CAG) for illegally denotifying land which was acquired by the Bangalore Development Authority (BDA). The report, Denotification of Land by Government and Allotment of Sites by BDA, containing all details regarding how the rules and court orders were jeered [...] Continue Reading »
Panaji- On 12th December, Chief Minister of Goa Manohar Parrikar pointed out the delay in the finalization of any bill on the Goa khazan land development board by the cabinet and irrigation department. He dismissed all the charges made by NGOs regarding the proposed bill in favor of land sharks and defended himself by informing about the circulation of [...] Continue Reading »
Bangalore- Karnataka Chief Minister Jagadish Shettar has directed the Bangalore Development Authority (BDA) to allot sites to applicants only if infrastructure facilities have been created in the layouts. Half of the work on providing basic facilities has been done in the BDA’s newly formed layouts. The remaining work has been planned to be completed by [...] Continue Reading »
