The Supreme Court has stayed all construction activities in states and Union Territories which do not have a solid waste management (SWM) policy under the Solid Waste Management Rules, 2016.
The Confederation of Real Estate DevelopersÂ’ Association of India (CREDAI) has sought government intervention to check rising cement prices. The entity said that the spike could Â“create unnecessary roadblocks and impedimentsÂ” in achieving the goal of Â‘Housing for AllÂ’ by 2022. Cement prices have witnessed a sudden jump of 20-40 per cent over the past two months across the country, says CREDAI.
Taking forward its commitment to the cause of improving the lives of construction workers, PNB Housing Finance has signed an MoU with CREDAI (Confederation of Real Estate DevelopersÂ’ Association of India) to train 8,000 construction workers, pan India.
The focus should heavily be on skilling, re-skilling and up-skilling of labour resources. In order to grow and make campaigns like Â´Make in IndiaÂ´ a success, the industry needs access to talent that is Â´job readyÂ´-talent that needs minimal or no training when recruited for a particular role.
Though the 2013 Act aims at achieving a delicate balance between the interests of the various stakeholders, the new concepts introduced have raised new concerns and a question still remains as to how several of these laudatory measures will be implemented.
Real estate body CREDAI requested government to promote housing particularly affordable segment by scrapping the floor space index (FSI) restrictions and allowing vertical buildings. Lalit Kumar Jain, Chairman of CREDAI and CMD Kumar Urban development opined that this would enable the government meet the ever rising demand for housing in Mumbai which is facing tremendous land
Service tax exemption of 25 per cent from taxable value is being provided to services of transport of coastal goods and goods transported through national waterways or inland water with no CENVAT credit of taxes paid on inputs, input services and capital goods. The effective service tax rate is 7.725 per cent.