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Real Estate Regualtions – Implications for consumers and developers

June 7, 2013June 7, 2013 by Editor's Desk

The Real Estate (Regulation and Development) Bill 2013 proposes (1) uniform guidelines for registration of real estate projects – to improve transparency, (2) to increase developers’ obligations towards buyers and (3) to form additional real estate regulators, tribunals and councils to overlook the speedy resolution of litigation.

As most of the rules pertain to developers, they will help consumers to make better buying decisions; more importantly they will bring clarity through a single website for various projects (which though available, were not displayed by a Government body). Besides, delivery timelines will be more clearly defined.

India General Elections 2014 – Opinion Polls project Massive Defeat of Congress and Rise of BJP / Third Front

April 20, 2013 by Editor's Desk

The Opinion Polls of 2014 General Elections in India are out and they predict a Massive Defeat for the Congress Party led by Sonia and Rahul Gandhi.

Congress will lose 93 Seats in the Forthcoming 2014 General Elections and its allies will lose another 35 seats thus bringing them to a minority in the 545 seats of Lok Sabha. We believe that Congress will be routed out due to massive Corruption in the rank and file from Smallest to the Highest Level in Central Government. [ There is Potentially only one Clean Man. Dr. Singh, but he is Weak in Governance]

BJP and strong allies like Shiva Sena are expected to touch 184 Seats still way short of the Simple Majority – 272 mark.

The biggest gainers in the 2014 Elections are the Regional Parties – AIADMK to get 27 Seats, Mulayam Singh led SP 35 Seats from UP, Mamta’s TMC to garner 8 more

Read moreIndia General Elections 2014 – Opinion Polls project Massive Defeat of Congress and Rise of BJP / Third Front

Congress led UPA Govt – Bottleneck for India’s Growth Story

April 10, 2013 by Editor's Desk

The Reforms momentum by Central Government continues despite the massive 2G Spectrum and CWG Scam, growth momentum has weakened. The sticky inflation – particularly food prices – is crimping the RBI’s scope to support growth by easing policy. Withdrawal of support by the DMK, a key ally of the ruling DMK coalition, has raised the spectre of political uncertainty and early national elections.

Today the Finance Panel in the Parliament of India has directed the RBI not to Issue any new banking license as their is scope for massive corruption. With the Congress Government not having majority in the Parliament, RBI is likely to

Read moreCongress led UPA Govt – Bottleneck for India’s Growth Story

UIDAI’s Direct Cash Subsidy Transfer Not Panacea – Massive Corruption Still Exists

April 1, 2013 by Editor's Desk

During our field trips, at least in the MNNREGA programme, we could not find evidence of Aadhaar-based cash transfers having the ability to plug leakages completely. Although identity-based transfers would weed out ghost recipients, the cash transfer scheme had no way of dealing with inflated muster rolls in the first place. Hence, leakages may still happen with collusion between the beneficiaries and the contractors and government Officials.

The other systemic weakness we construed was dependence on the integrity of the Business Correspondents [BCs] for the system to work effectively. Given the evidence of banks’ preference for

Read moreUIDAI’s Direct Cash Subsidy Transfer Not Panacea – Massive Corruption Still Exists

India – Service Tax – Voluntary Compliance Encouragement Scheme

February 28, 2013 by Editor's Desk

According to Data compiled from Finance Ministry, there are nearly 17,00,000 registered assessees under service tax,
only about 7,00,000 file returns. Many have simply stopped filing returns.

The Finance Minister cannot go after each of them. In order to motivate them to file returns and pay the tax dues, Finance Minister just a while ago introduced a one-time scheme called Voluntary Compliance Encouragement Scheme.

What Does Voluntary Compliance Encouragement Scheme for Service tax Evaders / Defaulters in India Offer ? A defaulter may avail of

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Full Text of 2013-14 Budget Speech and Finance Bill – Direct / Indirect Tax Customs Duty

February 28, 2013February 28, 2013 by Editor's Desk

The Indian Finance Minister unveiled the FY2013-14 Budget just minutes ago. Here is Full text of P. Chidambram’s Finance Minister of India’s Budget Speech.

The Budget Speech in itself is just a short document presented to the parliamentarians. The Finance Minister actually implements the proposals by passing various bills as presented to the LokSabha as stated below.