“Let’s use the COVID-19 tragedy as an opportunity to transform Mumbai” said Dr. Jitendra Awhad, Cabinet Minister for Housing, GoM, assuring government support and concessions for redevelopment while addressing BDA webinar Brihanmumbai Developers Association (BDA). “COVID-19 crisis is a ti... Read more...
May 2020 ,
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Make in India’s first version launched in 2014, India has primarily become an assembly hub in industries such as mobile phones, lighting and consumer electronics. In other words, manufacturers assembled products from imported electronic components to meet domestic demand. Assembly created jobs. No... Read more...
Mall developers and shopping centre owners have sought immediate relief from the government and financial institutions ax the organised retail industry has suffered losses of over Rs 90,000 crore The assistance demanded includes an extended moratorium on loans, access to short-term financing, a o... Read more...
In view of a huge backlog of cases at the NCLT, the government will start identifying benches to specifically deal with insolvency and Companies Act-related matters, an official in the corporate affairs ministry said on Saturday. In this regard, the ministry will start with the NCLT benches of De... Read more...
May 2020 ,
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Manju Yagnik, Vice Chairperson, Nahar Group and Vice President NAREDCO (Maharashtra) “With RBI announcing rate cuts, thus maintaining the ‘Accommodative Policy’ stance is a big positive as it indicates their intent to ease the EMI burden of the customers. This reduction in repo rate will enco... Read more...
The government is awaiting legal opinion on whether the NHAI can construct smart cities, villages and logistic parks along the Delhi-Mumbai Expressway project that could usher in development in the most backward, tribal, and far-flung areas. National Highways are the arterial roads of the country... Read more...
May 2020 ,
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The government may now hold renewable energy auctions only for round-the-clock and hybrid projects, a move seen reducing the problem of intermittent supply and making clean power more competitive against traditional thermal plants. Last week, MNRE auctioned a first-of-its-kind 400 MW RTC tender, ... Read more...
The government released a rating of cities for their garbage management, giving the top 'five-star garbage-free'' tag to six cities Chhattisgarh's Ambikapur and Madhya Pradesh's Indore, Gujarat's Rajkot and Surat, Karnataka's Mysore and Maharashtra's Navi Mumbai. A total of 141 cities have been r... Read more...
NBFCs are set to resume sanctioning fresh loans in June with sentiment boosted by the government stimulus and easing of the lockdown. The Edelweiss Group, Mahindra Finance, IIFL Finance and Shriram Transport Finance have started disbursing loans with their clients demanding to draw down the limits s... Read more...
Labour ministry, notified lower rates of provident fund contribution at 10%, thus increasing the take home salary of 4.3 crore provident fund subscribers and giving relief to 6.5 lakh establishments. The existing rate of contribution by both employee and employer is 12%. The reduction in PF rates... Read more...