On the other hand, the Yogi Adityanath government has 'completed nine lakh houses under the scheme and 14 lakh are under construction', Modi said, reeling out comparative figures.
Tata Sons chairman N Chandrasekaran on Thursday said even though a "hybrid" model will be the new normal in future, India's largest software exporter TCS will ask employees to come to work once the pandemic is over as social interactions are a social necessity. "I do want to make the point that people need to meet people. It is a social necessity. "So, there will be a shift towards moving people to work when the pandemic gets over," Chandrasekaran, who also chairs TCS, said at the company's annual general meeting. At present, 97 per cent of the company's staff have been working from their homes because of the pandemic, he said, admitting that a "hybrid" model where people work from homes and also from offices will be the new normal.
'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.
Sebi had imposed penalties on DLF, for entering into sham transactions.
The revival of long-term growth is highly dependent on the revival of private investment.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
Britain's Cairn Energy Plc has dropped lawsuits against the Indian government and its entities in the US and other places and is in the final stages of withdrawing cases in Paris and the Netherlands to get back about Rs 7,900 crore that were collected from it to enforce a retrospective tax demand. As part of the settlement reached with the government to the seven-year old dispute over levy of back taxes, the company - which is now known as Capricorn Energy PLC - has initiated proceedings to withdraw lawsuits it had filed in several jurisdictions to enforce an international arbitration award which had overturned levy of Rs 10,247 crore retrospective taxes and ordered India to refund the money already collected. Two sources with direct knowledge of the matter said Cairn on November 26 withdrew the lawsuit it had brought in Mauritius for recognition of the arbitration award and took similar measures in courts in Singapore, the UK and Canada.
Britain's Cairn Energy has secured a French court order to seize 20 Indian govt properties to recover arbitration award, it is learnt.
The richest and poorest candidates who contested the Maharashtra assembly elections were defeated.
Vadra launched Skylight Hospitality four months after the DLF shares got listed, amid complaints of inadequate disclosure from investor associations and former business partner Kimsuk Krishna Sinha.
Hitting back at Bharatiya Janata Party Chief Amit Shah after he needled her on desertions in the Bahujan Samaj Party, former chief minister Mayawati on Sunday said his "childish" remarks betrayed BJP's nervousness ahead of assembly polls in Uttar Pradesh.
The BJP had made the land deals a major poll issue in 2014, alleging that Vadra benefited through questionable land use permissions granted by the earlier Congress government in the state.
To check black money menace, the Cabinet on Tuesday approved a new bill that would give more powers to the tax department in tracking illicit wealth stashed abroad and provide for strict penal actions for such offence.
The a/c holder will have to mention the date of opening of foreign a/c.
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
Single window clearances for realty must.
'They are acquiring agricultural land almost free of cost promising an illusory rise which is worse than a chit fund scheme.' 'When I went there on a fact-finding mission, we found that one third of the land they plan to acquire is the best agricultural land in the country.'
A look at the arrivals.
Manjeet Bawa, 46, of New York and other co-defendants contracted to buy homes in Nassau and Suffolk Counties from innocent sellers at market prices.
The bill provides for severe punishment ranging from 1 year to 10 years and pecuniary fines ranging from Rs 2 lakh to Rs 50 crore to act as deterrent.
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Enforcement agencies will be empowered to confiscate assets
The Supreme Court on Wednesday held real estate barons Sushil and Gopal Ansal guilty in the 1997 Uphaar cinema tragedy that claimed the lives of 59 people saying they were more interested about making money than ensuring safety of the cinegoers.
The 30-year-old Democrat ran a spirited race in the 7th Congressional District in New Jersey, which is a Republican bastion.
To be sure that you are committing your money to the right person, you must ask these questions to your financial planner. There is no point in cribbing after you have committed your money! Is there?
Individual should be extra careful when taking money from parents or relatives to buy a property
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
The Modi government could steer through Parliament 59 out of 75 Bills.
The searches are also being conducted at the premises of the son of RJD MP P C Gupta and few other businessmen.
In 2021, there is the risk of interest rates spiking. Investors should tackle duration risk with a longer investment horizon, suggests Sanjay Kumar Singh.
The passage of the Bankruptcy Code could set the stage for other important legislation that may see India undergo more economic change than all governments combined since the reforms implemented by P V Narasimha Rao in 1991-93, says Ben Merton.
The mood in the tribal heartland in the east and in central India spread over Odisha, Jharkhand, Chattisgarh and parts of West Bengal and Assam, is upbeat.
While Waryam Singh was a non-executive director at HDIL, he is listed as one of the promoters of the company and had relations, including shareholding, with several other entities controlled by the Wadhawans, the HDIL founders.
Indebted developers are cutting staff as they slow work on existing projects and postpone new ones until they clear a backlog of 700,000 unsold homes
Modi's party also wants to regulate property markets and tie investor money to specific projects to stop developers diverting cash elsewhere.
This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts referred by RBI to banks.
The founder of the California-based Tri-Valley University, who destroyed the academic careers of several hundred Indian students in the United States, has been sentenced to more than 16 years in prison for running a sham university that served as a front for an immigration scam.
Meet the trailblazers on Forbes 2018 list.
They are the first to be declared terrorists under the new anti-law, a home ministry official said.
Assuring red carpet to investors, Commerce and Industry Minister Nirmala Sitharaman on Thursday said the government is fully committed to creating business-friendly environment to boost the manufacturing sector which will push India to a higher growth trajectory.
India moving in right direction on GST, says Panagariya.
