GENERAL NEWS Archives - Page 20 of 190

RELIEF FOR HOME BUYERS: GOVT OF INDIA MULLS QUICKER RESOLUTION OF BUILDERS’ INSOLVENCY

RELIEF FOR HOME BUYERS. GOVT OF INDIA MULLS QUICKER RESOLUTION OF BUILDERS’ INSOLVENCY The proposed change to the Insolvency and Bankruptcy Code will permit resolution of the cases on a project-wise basis India plans to introduce new rules for handling real estate bankruptcies, which would help homebuyers even as their builders wind down, people familiar with the matter […]

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SIDBI TO GIVE FINANCE FIRMS SUPPORT FOR MICRO LENDING

GENERAL NEWS / Study circle

SIDBI TO GIVE FINANCE FIRMS SUPPORT FOR MICRO LENDING Small Industries Development Bank of India (Sidbi) has now gone back to its earlier avatar when it comes to microfinance institutions (MFIS). According to Sivasubramanian Ramann, chairman and managing director, the bank has started identifying finance companies to give them enhanced support for micro lending. Speaking

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BSNL WAITS FOR GOVT AGENCY’S TAKE ON LAND ASSET MONETISATION

GENERAL NEWS / Study circle

BSNL WAITS FOR GOVT AGENCY’S TAKE ON LAND ASSET MONETISATION All land properties nominally valued above 100 cr are being monetised by the National Land Monetisation Corporation Government-owned Bharat Sanchar Nigam Limited (BSNL) is waiting for the National Land Monetisation Corporation (NLMC) to pre- pare a strategy for the sale of its large portfolio of

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LIQUIDITY SLIPS INTO DEFICIT FOR FIRST TIME IN 3 WEEKS

GENERAL NEWS / Study circle

LIQUIDITY SLIPS INTO DEFICIT FOR FIRST TIME IN 3 WEEKS Liquidity in the banking system has slipped into a deficit for the first time in three weeks, prompting banks to borrow the largest quantum of funds from the Reserve Bank of India (RBI) in around a month and a half. The key catalyst for the sudden tightening in liquidity was due to

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PROCEDURE FOR REGISTERING A VALUER ENTITY WITH INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (IBBI)

Other News / Study circle

PROCEDURE FOR REGISTERING A VALUER ENTITY WITH INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (IBBI) GENERAL Who is a valuer entity? Ans. A Valuer Entity is a registered Partnership firm, Limited Liability Partnership or Company, who does the work of valuation. Who is a registered valuer entity? Ans. A registered valuer entity (RV-E) means a registered

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Housing society ordered to pay flat owner Rs 1.2 lakh over failure to fix leakage

GENERAL NEWS / AMAN DEEP

MUMBAI: Observing that it is the responsibility of a housing society to protect the interests of all its members and not be selective about whom to support, a district consumer commission has ordered a housing society in Borivli to pay a compensation of Rs 1.2 lakh to a flat owner after it took only “half

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APARTMENT TERRACE COMMON FOR RESIDENTS: CHENNAI COURT

GENERAL NEWS / Study circle

APARTMENT TERRACE COMMON FOR RESIDENTS: CHENNAI COURT ‘Promoter Cannot Use It Commercially’ CEV TECHNO NEWS- (CHENNAI): The terrace portion of an apartment complex is an area common to all its residents and the promoter cannot use it for commercial purposes, a city court has said. The VI additional city civil judge S Muruganatham has also

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Home prices, rents skyrocket in Turkey amid economic turmoil

GENERAL NEWS / AMAN DEEP

File Photo ISTANBUL: Hatice Erdal has been given a week to vacate her rental house which is due to be knocked down. The cleaner and her husband both earn minimum wage and even with their combined salaries, they cannot find anything within their budget in Istanbul’s exorbitant housing market. “I found a house, it was

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WHAT IS THE CAPITALIZATION (CAP) RATE? ALL THAT A VALUER NEED TO KNOW.

GENERAL NEWS / EDITOR

What Is the Capitalization Rate? The capitalization rate (also known as cap rate) is used in the world of commercial real estate to indicate the rate of return that is expected to be generated on a real estate investment property. This measure is computed based on the net income which the property is expected to generate and is calculated by dividing net

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UN recognises Ganges project among 10 initiatives restoring natural world

GENERAL NEWS / AMAN DEEP

MONTREAL: An ambitious project that aims to improve the health of the Ganges, India’s holy river, is among 10 “ground-breaking” efforts recognised from around the globe by the United Nations for their role in restoring the natural world. According to a report unveiled during the UN Biodiversity Conference (COP15) on Tuesday, climate change, population growth,

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INDIA’S MARKET REGULATOR IS PLANNING TO ALLOW “MICRO” REAL ESTATE INVESTMENT TRUSTS (REITS)

GENERAL NEWS / AMAN DEEP

MUMBAI: India’s market regulator is planning to allow “micro” real estate investment trusts (REITs), according to a senior official, to bring a wider set of property companies to the nascent market as India emerges from a pandemic-induced lull. The Securities and Exchange Board of India (SEBI) is considering reducing the size of REITs, allowing them

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EMPANELMENT IN RESERVE BANK OF INDIA

Other News / Study circle

EMPANELMENT IN RESERVE BANK OF INDIA PROVIDING COMPREHENSIVE CONSULTANCY SERVICES FOR PREPARATION OF CONCEPT PLAN, ARCHITECTURAL DRAWINGS, ALL REQUIRED LOCAL BODY APPROVALS, STRUCTURAL DESIGN, CIVIL, ELECTRICAL AND MECHANICAL ENGINEERING SERVICES DESIGN/DRAWING, LANDSCAPE DESIGN INCLUDING PREPARATION OF DETAILED ESTIMATE (CIVIL, ELECTRICAL & HORTICULTURE), DIGITAL SURVEY AND SOIL INVESTIGATION FOR “C/O RESIDENTIAL QRTS. FOR RESERVE BANK OF

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