The devil is in the detail for the real estate sector. Though the Budget gave sops to home buyers in the form of tax savings and interest rate subvention, it quietly brought back service tax on lease rentals in the Finance Bill.
Rediff reader Nalini Jagnat Kudalkar from Thane, Mumbai tells us how she coped with life after being laid off.
The industry status will help the sector access bank lending at average interest rates
Mahanagar Telephone Nigam Ltd on Tuesday announced two tariff schemes for Internet users in the households under which a new telephone connection would be provided to be used only for accessing Internet and for incoming calls.\n\n
New house need not be in the tax payer's name only.
Starting afresh in a new domain or with a new employer or opting for entrepreneurship can be the brighter side of job loss.
Experts expect a net loss of Rs 26.7 billion for IndiGo and Rs 10.1 billion for SpiceJet in Q1FY21 driven by low traffic volume, low fleet utilisation and poor coverage of fixed costs.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
The start-up works with 2,000 owners and hosts 10,000 tenants across four cities - Bengaluru, the National Capital Region, Hyderabad and Pune.
The company is also exploring the markets of Bangalore, Nashik, Panvel, Thane and Pune among other cities for the same.
With car penetration of around 22 per 1,000 population, India continues to be a big opportunity to sell cars, especially in rural areas.
Home sales in the top 10 cities - Ahmedabad, Bengaluru, Chandigarh, Chennai, Hyderabad, Kochi, Kolkata, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Pune - have declined at a compound annual growth rate of 8% since 2011.
The panel suggests family head must be valued at skilled wage rates.
There have been two changes announced so far as MF taxation is concerned.
Meeting the disclosure norms isn't very easy.
Industry experts predict that the second quarter of 2009 could present opportunities for the prospective home buyer to land an excellent home deal.
Reduce frill expenses, monetise your assets and invest in professional development to negotiate the choppy phase.
The organised retail sector clamors for Industry Status, removal of service tax on rentals, permit FDI in retail and usher in GST regime
You can reduce your tax burden by wisely using partially taxable allowances, suggests Bindisha Sarang.
The asset monetisation exercise in the first phase will help BSNL shave off its Rs 14,000-crore debt. The government has said that these firms are strategically important and will not be closed down or divested.
The real estate sector might have been caught off guard by the second wave of the Covid-19 pandemic, but large listed developers like Godrej Properties and Prestige Estates Projects soldier on undeterred. They aim to have sales bookings of Rs 10,000 crore in the next few years.
The liquidity-fuelled rally will continue for some time, however, fundamentals are getting stretched.
Its net profit stood at Rs 100.05 crore (Rs 1 billion) in the year-ago period.
From linking innovation with supply of inputs to providing contract farming, the private sector can help agriculture move to the next stage of development.
While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use.
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
The Union Budget announcement of a minimum support price (MSP) that will be 50 per cent more than the cost of production has started a debate on the calculation of cost. Ramesh Chand, member, NITI Aayog, speaks to Sanjeeb Mukherjee on this and related issues.
The Centre has advised banks to make a 20 per cent reduction in expenditure related to non-core business activities, along with deferring "avoidable expenditure" on "purchase of staff cars", "refurbishment of guest houses" and on the interior decoration of administrative and back offices.
As per a Knight Frank FICCI Naredco report, a majority 69% of the stakeholders say that the residential sales will remain tepid or may even go down further in the coming six months.
It is possible that the December clashes in Assam merely exploited an issue simmering for decades. The motivation, however, was something else, says Aditi Phadnis
Retirees must also try and purchase a senior citizens' policy, despite steep premiums.
With a focus on direct, indirect, and corporate tax structures, the Budget 2016-17 offers a balanced taxation structure
The package includes raising of Rs 15,000 crore sovereign bonds to meet the immediate capital requirement of both the companies, 4G spectrum allocation worth Rs 20,140 crore, Rs 29,937 crore for VRS covering 50 per cent of their employees, and Rs 3,674 crore for goods and services tax that will be levied on allocation of radiowaves.
Does it make sense to hold more than one residential property? Does the investment really give very high returns as we Indians tend to presume? Anil Rego takes you through the ups and downs of investing in residential properties
Else, repent when you reach your golden years
The former Karnataka minister said the ED has asked him to appear before it in Delhi on Friday by 1 pm and he was considering all legal options.
