Parliament
Comptroller and Auditor General Shashi Kant Sharma said that the CAG will continue to audit private companies and Private Public Partnership (PPP) projects in cases where revenue sharing with the government is involved, Regretting that economic progress has thrown up a class of ‘rent seekers. He said while speaking at a conference on corporate fraud, [...] Continue Reading »
Investments are pouring in Visakhapatnam reason being it is in the race to be the capital of Andhra Pradesh. APIIC has received many applications, with majority of them being pharmaceutical companies, which signifies that it has emerged as one of the most potential business destinations. In Visakhapatnam as per AP Industrial Infrastructure Corporation (APIIC),in just [...] Continue Reading »
Parliament was informed today that ,Over 30 per cent of the centrally monitored infrastructure projects as on December 1, 2013,have been delayed because of Law and order problems, land acquisition delay, fund constraints and environment clearances . The on-going central sector infrastructure projects costing 150 crore and above are monitored by Ministry of Statistics and Programme [...] 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 »
To encourage growth in the real estate sector, Confederation of Real Estate Developers’ Associations of India (CREDAI) has sent a letter to MPs to look into this matter. CREDAI national president , Lalit Kumar Jain requested in this letter to focus more on housing sector which will not involve any cost and problems. Letter also [...] Continue Reading »
New Delhi- The flat owners in Greater Noida (West) Uttar Pradesh (Gaur City I project) have stopped receiving the home loan installments from Bank of Baroda due to an ongoing litigation. When questioned about stopping the loans, Minister of State for Finance, Namo Narain Meena agreed with it and stated that property is involved in [...] Continue Reading »
The long delayed controversial Land Acquisition Bill was cleared by the Group of Ministers (GoM) and will introduce in the Parliament. About two third of the land loser’s consent is being proposed in the final draft in order to purchase the land for public-private-partnership and private projects. The bill will be introduced in Parliament, possibly in [...] Continue Reading »
The government is to take final decision on whether a lookalike of the Parliament building to be constructed near it. The decision will be based on the recommendations of a top parliamentary panel comprising Urban development minister Kamal Nath, parliamentary affairs minister Pawan Bansal, some prominent parliamentarians and leaders of opposition. The move gathered momentum [...] Continue Reading »
The amendments in the prevention of Money-laundering Act is on the pace of getting approved in the parliament. Once it is approved by the parliament, realty defaulters, you have a tough time ahead! The realty norms are getting more and more tough. With the amendments made in the act, the criminal realty dealings is sure [...] Continue Reading »
Stay in unauthorised colonies for another three years without fear! Recently, Parliament has given a sigh of relief to residents residing in unauthorised colonies and housing in Delhi for next three years till Dec, 2014. Rajya Sabha passed the special provisions bill under National Capital Territory of Delhi Laws. This relaxation has been given by [...] Continue Reading »
