Regulator
The Airports Economic Regulatory Authority (AERA) has ordered to scrap the user development fee at Rajiv Gandhi International Airport here. GMR Hyderabad International Airport is considering challenging the order as this will have a negative impact on the company’s financials, said Siddharth Kapur, CFO, GMR Infrastructure’s airport business. Kapur said on the sidelines of India [...] Continue Reading »
Finance Ministry sought a major revision to the draft proposed by the Roads Ministry regarding the formation of a Road Regulatory Authority. The role of such a regulator is to sort out issues between private road developers, National Highways Authority of India and Ministry of Roads, Transport and Highways, and ensure smooth functioning of road [...] Continue Reading »
The Union Cabinet’s nod to the Real Estate Regulatory Bill has made buyers feel happy and secure; on the flipside, some of its provisions have left the developers panicking. Views of MHUPA Ajay Maken, minister of housing & urban poverty alleviation, said that the bill provides for a uniform regulatory environment to protect consumer interests [...] Continue Reading »
The Builders’ Association of India (BAI) has suggested setting up an independent regulator for the cement industry following recent developments. D L Desai of BAI trustee said that the regulator should have quasi-judicial authority. He said that Competition Commission of India’s penalty of Rs 6,300 crore on 11 cement companies last month for violating provisions [...] Continue Reading »
Due to the onset of new regulator for housing society in Delhi, Delhi Development Authority (DDA) could lose its role. The central finance ministry has plans of introducing a new regulator instead of DDA to check housing sector in the city. The ministry is likely to face some resistance from the local authority as the [...] Continue Reading »
