Every Indian should have a proper house by 2022
NEW DELHI: The Prime Minister of India Narendra Modi has addressed the Construction Technology India Event, 2019 event at Vigyan Bhavan. The Prime Minister emphasized the commitment of the Union Government towards ensuring that every family’s dream of a home, becomes a reality and said that the need for the Global Housing Technology Challenge, was […]
PM launches development projects in Kanyakumari
NEW DELHI: The Prime Minister Narendra Modi today flagged off the Tejas Express between Madurai and Chennai. At a large public function in Kanyakumari, he also laid the Foundation Stone for the restoration of rail connectivity between Rameswaram and Dhanushkodi, and the restoration of the Pamban bridge. The Prime Minister inaugurated some road projects as […]
India, ADB sign $926 million loan agreement for Mumbai Metro Rail Project
NEW DELHI: The Asian Development Bank (ADB) and the Government of India signed a $926 Million Loan Agreement today to operationalize two lines for the Mumbai Metro Rail System that will ease the distress of millions of commuters each day and help provide a cleaner, less congested city. The Single Largest Infrastructure Project Loan in […]
NAREDCO welcomes lowering of GST; demand for further rationalization
NEW DELHI: The apex body of real estate sector, National Real Estate Development Council (NAREDCO) has lauded government’s move to lower goods and services tax (GST) on affordable housing from 8 to 1 percent and other housing from 12 to 5 percent. In the last Meeting GST Council has announced the lowering of GST on […]
Lok Sabha Polls will be held on time
NEW DELHI: The general elections in the country will be held on time, Chief Election Commissioner (CEC) Sunil Arora said on Friday, amid tensions between India and Pakistan. The CEC is in the Uttar Pradesh capital for the past two days to review poll preparations in the state. “The election in the country will be […]
Ajay Narayan Jha joins as Member Finance Commission
NEW DELHI: Ajay Narayan Jha today joined the Fifteenth Finance Commission as its Member. He joins in place of Shaktikanta Das who had resigned as a Member of the Commission after being appointed as Governor, Reserve Bank of India. Prior to joining the Commission, Shri Jha, a 1982 batch IAS officer of Manipur cadre, was […]
SpiceJet to fly to Jharsuguda from March
NEW DELHI: Budget carrier SpiceJet will operate daily direct flights to the Veer Surendra Sai Airport in Jharsuguda, Odisha, from Delhi, Hyderabad and Kolkata under UDAN, the regional connectivity scheme, from March 31. “The airline will launch daily direct flights on the Jharsuguda-Delhi-Jharsuguda, Jharsuguda-Hyderabad-Jharsuguda and Jharsuguda-Kolkata-Jharsuguda sectors,” the airline said in a statement on Wednesday. […]
SpiceJet to fly to Jharsuguda from March
NEW DELHI: Budget carrier SpiceJet will operate daily direct flights to the Veer Surendra Sai Airport in Jharsuguda, Odisha, from Delhi, Hyderabad and Kolkata under UDAN, the regional connectivity scheme, from March 31. “The airline will launch daily direct flights on the Jharsuguda-Delhi-Jharsuguda, Jharsuguda-Hyderabad-Jharsuguda and Jharsuguda-Kolkata-Jharsuguda sectors,” the airline said in a statement on Wednesday. […]
Link your PAN with bank for refunds
NEW DELHI: The Income Tax Department will “only” issue refunds via the e-mode into bank accounts of taxpayers beginning next month and they should link PAN with their accounts, the taxman said in its latest public communication. The department said refunds will be sent to bank accounts as it will issue “only e-refunds from March […]
Air Canada temporarily suspends flights to India as Pakistan closes its airspace
NEW DELHI: Canada’s flag carrier Air Canada on Wednesday temporarily suspended its flights to India due to the closure of Pakistani airspace, amid escalating tensions between the two countries. Pakistan Wednesday closed its airspace for commercial flights and suspended flight operations across major airports. India also closed nine airports in Jammu and Kashmir, Himachal Pradesh […]
Lowering of GST in real estate will boost sales in affordable housing: BK Goenka, ASSOCHAM President
NEW DELHI: The central tax authority, GST Council has taken a bold decision to lower the GST rates for under-construction housing projects to 1 per cent from 8 per cent in affordable housing and 5 per cent from 12 per cent earlier in the non-affordable segment. The decision will be implemented from April 1, 2019. […]
Delhi government presents Rs 60,000 crore budget for 2019-20
NEW DELHI: The Aam Aadmi Party (AAP) government on Tuesday presented a Rs 60,000 crore budget for 2019-20 in the Assembly and said it is “two times more” than the one presented in 2014-15. Presenting the budget, Deputy CM Manish Sisodia said the budget has been dedicated to soldiers martyred in the Pulwama attack. The […]
Escorts Kubota lays foundation stone for manufacturing plant in Faridabad
NEW DELHI: Escorts Ltd. and Kubota Corporation laid the foundation stone for Escorts Kubota India’s manufacturing plant on Escorts land in Faridabad. Marking the formal beginning of the project, the ceremony was attended by the management teams of both companies. Escorts Kubota India plant will manufacture advance technology tractors to cater to Indian and overseas […]
Adani group wins bids to operate five airports for 50 years
NEW DELHI: The Adani group has won the bid to operate five out of six airports that were put for privatisation by the central government, a senior official of the Airports Authority of India (AAI) for 50 years. The AAI said in a press statement that as per-passenger fee, the Adani Group put in a […]
Real estate developers applaud the decision to cut GST rate on under-construction flats , affordable housing
NEW DELHI: Real estate players and National President, National Real Estate Development Council (NAREDCO) have welcomed the reduction in the goods and services tax (GST) rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent. Here’s what the realty major, NAREDCO have to say to about reduction […]
GST on under-construction flats slashed to 5%; affordable housing to attract 1%
NEW DELHI: In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said. The Council also cut GST rates on affordable housing to 1 per cent from the current […]