As per the Union Urban Development Ministry, under the modified land pooling policy in the 'Master Plan-2021,' now property owners can sell a portion of their Floor Area Ratio (FAR) to another developer or landowner.
Category: ECONOMY & POLICY
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Centre transfers Rs 480 cr to beneficiaries via DBT
Under the Direct Benefit Transfer (DBT) scheme, the Union government has transferred Rs 480 crore so far into about nine million accounts of beneficiaries. The DBT was was kicked off on January 1, said the Union government on September 11.
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Centre asks States to cut VAT on jet fuel to 4%
The Union government on September 10 asked State governments to cut value added tax (VAT) on jet fuel to four per cent and ease a major burden on aviation industry in the country. The move comes as Indian airlines posting a combined loss of about Rs 10,000 crore in 2012-13 and a total debt of almost Rs 90,000 crore.
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Now Govt mulls Right to Housing Bill
After food security bill, the Union Government is now going ahead with the new proposal – Right to Housing – which is under discussion, said the Union Minister of State for Consumer Affairs, Food and Public Distribution System KV Thomas. The Union government has successfully passed the Food Security Bill in Parliament recently and now thinks a new Bill ensuring housing security for all citizens.
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Haldia Petrochemicals stake sale bids soon
For the stake sale of Haldia Petrochemicals (HPL), final price bids are expected to be submitted by mid September, according to officials with direct knowledge of the matter. Earlier, West Bengal government, which holds about 40 per cent stake in eastern IndiaÂ’s biggest petrochemical company had said it will select the final bidder by end of September. That looks almost impossible as bidders had raised issues with the share purchase agreement.
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Maharashtra mulls EPC model for Rs 93.6 bn project
Media reports indicate that the Maharashtra government considers a proposal to award the Rs 9,360-crore Mumbai Trans Harbor Link project on engineering procurement construction (EPC) model. The state government is considering EPC model after three failed attempts to award it under build operate-tran
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Price of sponge iron set to rise further
Rising demand for sponge iron may put upward pressure on the price of the steel-making raw material, reports indicate. Demand for sponge iron has increased after steel companies started using this in a greater quantity in place of steel scrap
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Thus spake the industry
The land acquisition bill would lead to further holding up of the infrastructure projects where many projects are already languishing due to the failure of authorities to acquire the necessary land for development.
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Maintaining workflow
Implementation of ERP system for construction businesses actually unzips many of the complexities and maintains the work flow of the firm. Sudheer Nair elaborates.
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Managing risk in infrastructure projects
Frequently, major projects and investments are only possible if insurance cover is available, but infrastructure project suffer from risks that are not covered. Easwara Narayanan M explains the types of general insurance available to the industry.