(FE) The Uttar Pradesh government’s real estate rules have amended the definition of an “ongoing project”, allowing a builder to be exempt from the purview of Real Estate Regulation Act (RERA) even if he has just applied for a licence or received a part-completion certificate before the Act was notified.This effectively means that those builders who do not complete projects and leave home buyers in the lurch cannot be penalised as per RERA guidelines. Clauses related to penalties for non-compliance by developers have also been diluted. While Central RERA recommends imprisonment for a term which may extend up to three…
Author: khabarindia
(Tribune) Chief Minister Trivendra Rawat, along with inmates of ‘Apna Ghar’ together listened to PM Narendra Modi’s ‘Mann ki Baat’ programme at the orphanage today. The CM also interacted with the inmates of the orphanage. Speaking to mediapersons CM Trivendra Rawat said the Prime Minister’s speech focused on eradication of poverty. He also said it was the duty of every citizen to work towards the same.
(PTI) The Goods and Services Tax was not an “easy reform to implement” but it has evoked “great” public support with the government deciding not to blink in the face of opposition to the new taxation measure, Union Finance Minister Arun Jaitley said on Sunday. “We have today reached a stage of history where there is a great amount of popular support behind reforms because people have become restless. They are not willing to be satisfied with a situation wherein India cannot reach up to its potential,” he said here. Jaitley was in the city to address a GST Conclave organised by various industry…
(TH) The Oil Ministry’s grand plans to set up a ₹2.7-lakh-crore-plus refinery and petrochemical complex in Ratnagiri, Maharashtra, is stuck to the drawing board, seven years after it was conceptualised. An RTI filed by BusinessLine with Indian Oil Corporation Ltd has revealed that a detailed project report (DPR) for the mega project is yet to be prepared, and only a pre-feasibility study is in place. A DPR is the very core of an industrial project, and captures all the major financial and technical details. The proposal for a coastal refinery has been under discussion in the Oil Ministry for the past seven years.…
(ET) The infrastructure fund of multi-asset manager IDFC Alternatives is set to make its biggest acquisition till date by taking over the entire 200 megawatts of First Solar’s operational portfolio of solar power projects in India for around Rs 1,950 crore ($300 million) as consolidation picks up momentum in the renewable energy sector. These projects — seven in all — are located in Telangana and Andhra Pradesh. The definitive agreements between both parties have been signed and a formal announcement is expected today (Monday). The transaction is expected to close by December. Arizona-headquartered First Solar is an American photovoltaic (PV) manufacturer of rigid thin film modules, or solar panels, and a provider…
(FE) Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Sunday visited flood affected area in Jajpur district of Odisha, news agency ANI reported. Pradhan asked the local administration to provide immediate flood relief to the people and said that more than 1 lac people have been affected in the district. He also said that a rescue operation is underway to help the people who are stranded for over twenty-four hours. Pradhan said the area has been affected by flood due to heavy rain in upper catchment of Bramhani river. Pradhan told ANI that, “People have been provided with food. Administration is…
(AU) सपा में जारी बगावत के बीच पार्टी के वरिष्ठ नेता शिवपाल यादव ने भी नई राजनीतिक पारी खेलने की ओर कदम बढ़ा दिए हैं। इस आशय का अल्टीमेटम शिवपाल ने सपा के पूर्व प्रमुख मुलायम सिंह यादव को दे दिया है। शिवपाल ने मुलायम से साफ शब्दों में कहा है कि या तो वह सपा की कमान फिर से संभालने के लिए मुहिम शुरू करें या फिर उन्हें भविष्य का निर्णय लेने के लिए स्वतंत्र कर दें। इसके बाद उन्होंने जदयू के वरिष्ठ नेता शरद यादव से भी मुलाकात की। शिवपाल के करीबी सूत्रों का कहना है कि वह जल्द ही राजग…
(AU) राष्ट्रीय जनता दल (राजद) ने मुख्यमंत्री नीतिश कुमार पर ‘जनादेश की डकैती’ का आरोप लगाते हुए बिहार के राज्यपाल के फैसले को अदालत में चुनौती देने का फैसला किया है। रविवार को राजद ने कहा कि वह एक सप्ताह के अंदर अदालत जाएगी। राजद के प्रवक्ता मनोज झा ने कहा कि हम अदालत का दरवाजा खटखटाएंगे और जनता की अदालत में जाएंगे। हम लोगों को बताएंगे कि जदयू और भाजपा किस तरह की राजनीति कर रही है। राजद नेता ने नीतिश कुमार को चुनौती दी कि वह दलित, महादलित और अन्य पिछड़े वर्ग वाले लोगों के प्रभाव वाले किसी क्षेत्र में सभा…
(Live Mint) Leveraging the new refinery capacity being added by state-run oil companies, India is set to build new petrochemical complexes that will help to develop the country as a polymer hub like Houston, Jurong Island or Shanghai, the oil ministry stated on Saturday. “The government is planning to set up petrochemical clusters in Eastern, Western and Southern India to spur the growth of the sector with a view to meeting the increasing demand for polymers and specialty chemicals across diverse industrial segments,” the ministry stated quoting oil minister Dharmendra Pradhan who inaugurated a petrochemicals conclave in Gandhinagar on Saturday.…
(PTI) With retail inflation receding to record low levels, the Reserve Bank is likely to cut the benchmark lending rate by at least 0.25 per cent in its third bi-monthly monetary policy review on Wednesday, say experts and bankers. Encouraged by significant price improvement, bankers expect RBI, which has kept rates on hold at 6.25 per cent for the fourth straight time citing risk to inflation, to change its monetary stance and may even go for an aggressive rate cut. “The expectation is of rate cut of a minimum 25 basis points as inflation has eased and also as industrial growth…