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25/12/2024

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12/08/2017

Code on Wages Bill 2017 - As introduced in Lok Sabha on 10.08.2017 | Ministry of Labour & Employment
http://labour.nic.in/whatsnew/code-wages-bill-2017-introduced-lok-sabha-10082017

The Ministry of Labour & Employment is one of the oldest and important Ministries of the Government of India.

01/05/2017

http://www.businesstoday.in/current/economy-politics/rera-real-estate-regulation-development-act-may-1-home-buyers-real-estate/story/250385.html

India's real estate sector has been marred by inordinate project delays and poor quality of construction. Last year, the government had announced the much-awaited regulator for the realty sector.

03/02/2017

View: How infrastructure status will change the reality for real estate
http://economictimes.indiatimes.com/markets/stocks/news/how-infrastructure-status-will-change-the-reality-for-real-estate/articleshow/56953408.cms

01/02/2017

Key takeaways on the implication more related to Real Estate from the budget speech :

1. Rising crude price, multiple interest rate hikes by the U.S Federal Reserves among the risks to the Indian economy.

2. Positive for housing sector - Government has increased rural housing target to 1 crore and increased outlay to Rs. 15,000 crore to Rs. 23,000 crore.

3. Infrastructure status to housing finance companies would help reduce interest rates. This coupled with interest subvention scheme can go a long way in pushing low cost housing demand.

4. Affordable housing will be given infrastructure status. Big positives for developers, banks and housing finance companies.

5. Road sector - allocation increased from Rs, 64,000 crore to Rs. 57676 crore. Good for the road sector as the surface transport ministry intends to speed up implementation from 30 km/day to 40km/day.

6. Affordable housing funding - size increased to carpet area of 30-60 sq. meters and extended to 5 years. tax on unsold housing to be taxed at rental rates. Real estate price can come down as hoarding is being disincentivised.

7. Personal income tax - Rate of taxation for those earning between Rs, 2.5 -5 lakh has been halved to 5 percent from 10 percent. Surcharge of 10 percent on those earning between Rs. 50 lakh to Rs. 1 crore. Not much relief given by the finance minister.

8. Infrastructure outlay at Rs. 3.96 lakh crore- positive for the sector. Implementation is key as projects are held up. No announcements of easing hurdles and getting some of the stalled projects moving.

27/01/2017

The Governments various policy and reform initiatives over the last two and half years aimed at improving transparency and ease of doing business in realty sector will infuse much needed confidence and trust in the sector, said industry participants.

The moves related to Real Estate Regulatory Act, Smart Cities, Goods & Service Tax and the most recent demonetisation will eventually boost the demand for real estate, which has the maximum linkages to other industries after agriculture.

11/01/2017

" A tooth for a tooth and eye for an eye " cannot be the criteria for handing down punishment to convicts in a civilised society, the Delhi High Court has said while setting free a former DU student who has already undergone jail term of over 16 years in two murder cases.

05/01/2017

CYBER STALKING : Cyber Stalking is when a person is followed and pursued online. Their privacy is invaded, their every move watched. It is a form of harassment and can disrupt the life of victim and leave them feeling very afraid and threatened.

03/01/2017

Annual Return under Central 8 Labour Laws enforced by Chief Labour Commissioner ( Central ) has now been unified and can be filed online at https://shramsuvidha.gov.in without the hassle of manual submission. Filing can be done from 1st January 2017 to 1st February,2017.

02/01/2017

India : Proposed Amendments under Indian Trade Marks ( Amendments ) Rules, 2015 :

1. 100% hike in filing fee. 2. Reduction in number of forms. 3. Registration of sound mark. 4. Statement of user in applications. 5. Expedited Examination of application.