NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
Saturday Brain Storming Thought (259) 25/01/2025 ENCUMBRANCE CERTIFICATE (EC) An Encumbrance Certificate is a legal document that certifies land details in terms of ownership, legal and monetary liabilities It works as a record that the land is free of pending taxes, dues or any legal and financial issues Hence, a buyer of this property can […]
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Saturday Brain Storming Thought (258) 18/01/2025 RURAL AGRICULTURAL LAND Rural Agricultural Land refers to land located outside of urban areas, which is primarily used for agricultural purpose The definition may vary depending on the local laws and regulations Criteria for classifying Rural Agricultural Land in India 1) Land area and population The land should be
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Saturday Brain Storming Thought (256) 04/01/2025 ANCILLARY REVENUE Ancillary Revenue is the revenue generated from goods and services that differ from or enhance the main services or product line of a company Ancillary Income Ancillary Income is defined as the revenue generated that’s not from a company’s core products or services Key Takeaways of Ancillary
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Saturday Brain Storming Thought (257) 11/01/2025 URBAN AGRICULTURAL LAND As per Income Tax Act, Agriculture Land on an urban area which is situated within the jurisdiction of a municipality or cantonment board having a population of not less than 10000, or any area within such distance, measured aerially, is classified as Urban Agriculture Land Agriculture
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Saturday Brain Storming Thought (255) 28/12/2024 ANCILLARY OR FUNGIBLE FSI Ancillary or Fungible FSI is the additional FSI over and above the basic permissible FSI (including basic FSI, premium FSI and TDR loading) that the developer can opt for by paying a premium Residential Development Ancillary FSI – upto 60% of permissible FSI Non-residential Development
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Saturday Brain Storming Thought (254) 21/12/2024 REVERSE REPO RATE Reverse Repo Rate is the rate at which the RBI borrows money from commercial banks Banks are always happy to lend money to the RBI since their money are in safe hands with a good interest The RBI’s Monetary Policy Committee (MPC) decides the reverse repo
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Saturday Brain Storming Thought (253) 14/12/2024 REPO RATE The Repo Rate is the interest rate at which the Reserve Back of India (RBI) loans money to commercial banks Banks obtain loans from RBI by selling qualifying securities Current Repo Rate in India The current Repo Rate in India has been fixed at 6.50% as per
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Saturday Brain Storming Thought (252) 07/12/2024 O-1 VISA IN THE USA The O-1 Visa is a temporary work visa designated for individuals who have achieved and sustained national or international acclaim for extraordinary ability in the science, arts, education, business, athletics or individuals who have demonstrated a record of extraordinary achievement in the motion picture
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Saturday Brain Storming Thought (251) 30/11/2024 HINDU UNDIVIDED FAMILY (HUF) Under Hindu Law, an HUF is a family which consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters HUF Entity 1) Hindu Undivided Family (HUF) is treated as a person under section 2(31) of the income tax
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Saturday Brain Storming Thought (250) 23/11/2024 SANATAN ECONOMICS Sanatan Economics deals with ethical principles, self-sufficiency, balanced economic growth and responsible use of resources while considering the broader societal and moral context of economic activities The study of Sanatan Economics enlightens the path for the betterment of societal economic change Sanatan Economics is also known as
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Saturday Brain Storming Thought (249) 16/11/2024 DE-DOLLARIZATION De-dollarization refers to countries reducing reliance on the U.S. dollar as a reserve currency, medium of exchange or as a unit of account Key Takeaways of De-dollarization 1) De-dollarization entails a significant reduction in the use of U.S. dollar in world trade and financial transactions 2) Some signs
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Saturday Brain Storming Thought (248) 09/11/2024 FIAT MONEY Fiat Money is a type of government issued currency that is not backed by a precious metal, such as gold or silver, or backed by any other tangible asset or commodity Fiat currency is typically designated by the issuing government to be legal tender, and is authorized
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