Union Cabinet
The Union Cabinet has deferred its decision on transfer of land for the construction of a world-class exhibition centre and air cargo complex near IGI airport here, thereby delaying the project. The issue was discussed on April 25 at the Cabinet meeting. “On the matter the Cabinet has deferred a decision in its meeting. The [...] Continue Reading »
Haryana’s Union cabinet recently took the decision to connect Nuh, the district headquarters of Mewat, to link it with the national highway. The backward regions of southern Haryana, including Mahendragarh, may get the economic boost with the improved connectivity. Presently, the nearest highway to Nuh is NH-919, which is about 21km away from the town. [...] Continue Reading »
New Delhi- In a recent declaration by the Union Cabinet, the much expected Land acquisition Bill, 2012 was cleared and will be presented in parliament for the upcoming Budget session. This has eventually created a furor among the real estate developers as they wanted private-to-private land acquisition be off the new land acquisition bill. The developers [...] Continue Reading »
The government focuses on austerity over growth to contain the increasing fiscal deficit, it has cut the size of interest rate subvention corpus for affordable housing loans by 20%. It has fixed the corpus at Rs 400 crore for the current fiscal, 20% less than last fiscal’s Rs 500 crore. The government runs a 1% interest subvention [...] Continue Reading »
The central government is considering to raise the limit of housing loans eligible at interest of one per cent to Rs 15 lakh from the current Rs 10 lakh. The proposal is likely to be discussed in the Union Cabinet this week. The move aims towards activating real estate growth as a major contributor for [...] Continue Reading »
The union cabinet will soon consider the real estate regulatory bill which will provide the regulatory authorities with specified functions, powers and responsibilities to settle disputed. According to the bill the registration of the property agents and the real estate projects will be made compulsory. There will be a provision for imprisonment for the builders [...] Continue Reading »
Traffic rules must get more and more tougher! In Hubli, Speed driving, drunken driving, jumping the signals all these are leading to nothing but frequent accidents. Therefore, the Union cabinet recently approved new set of traffic rules which carry along more stiff and stringent rules! Follow up with the new set of traffic rules, drunken [...] Continue Reading »
Kochi metro nod from the Central government has failed badly, there are no signs of metro project commencing. Further discussions will be held in the meeting with Planning and Investment Board (PIB). Only after the PIB nod, the Kochi metro rail project will come under the approval of Union Cabinet. Kochi, expected the project to [...] Continue Reading »
What is money laundering law? Money laundering is considered as a serious threat to whole of the global financial systems as it involves disguising of financial assets which will be later on used without detection of the illegal activity that produced them. The whole idea of money laundering is to transform the monetary proceeds into [...] Continue Reading »
New land acquisition law has been cleared by Union Cabinet on Monday.The bill, which seeks to replace colonial era legislation and hopes to draw a line under a hugely sensitive issue, offers generous compensation for land owners in the form of subsistence allowances, annuity payments, employment and a share in any future appreciation of the [...] Continue Reading »
