Industries
Jammu and Kashmir has a reason to rejoice now as Prime Minister Narendra Modi today announced a package of Rs 8,000 crore for building of roads in Jammu and Kashmir. Modi also announced a waiver of Rs 60 crore in interest owed by the state government to the Food Corporation of India (FCI). This militant affected [...] Continue Reading »
The Karnataka cabinet chaired by chief minister Siddaramaiah recently gave the nod to simplify procedures related to land allotment in the state. The decision is expected to have far-reaching consequences on industries. With the cabinet to amend Karnataka Land Reforms Act, 1961, and Karnataka Land Revenue Act, 1964, this would pave the way for elimination of [...] Continue Reading »
Bangalore- Good news to builders and developers whose projects have been kept on hold due to liquidity crisis. The finance ministry has planned to initiate a measure which is expected to improve the realty sector. Banks will be allowed to permit funds to stalled projects, which would revive the growth in economy. As per RBI‘s [...] Continue Reading »
The Rural Development Ministry sought to address the apprehensions of industries and infrastructure sectors surrounding the controversial land acquisition bill. The ministry highlighted that the requirement of consent of all for acquiring land has been diluted and a new provision will apply prospectively and not retrospectively. The Ministry has come out with a statement that [...] Continue Reading »
As power deficit is taking a toll on the economy of the state, the Tamil Nadu government is planning to make it mandatory for major industries, high-rise apartment complexes, major institutions and hotels to meet two per cent of their energy needs from solar sources. The decision has come after a consultation with Tamil Nadu [...] Continue Reading »
No more power cuts in future. Erratic power supply has promised to be soon a thing of past, as 12 new sub-stations are planned to be floored in various sectors in Noida. Noida Authority has taken the lead of this project, once the project is completed sub-stations will be handed over to Paschimanchal Vidyut Vitaran [...] Continue Reading »
Any commercial activity within municipal limits of Gurgaon without obtaining business licence is “illegal and bound to be penalized” without any further notice under section 330 of the Act. The licence clause is applicable even for the existing establishments in the area with retrospective effect since the corporation came into existence in June 2008. The [...] Continue Reading »
