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Builders may have to pay 11% interest on delayed projects -Prabhakar Sinha

-The Times of India NEW DELHI: Developers may have to pay 11.2 per cent interest to buyers for delay in handing over apartments and homes, according to draft rules unveiled by the government, a step seen as bringing relief to homebuyers reeling under the impact of delayed projects and mounting loan liabilities. The rules also say projects without a completion certificate will have to register with the Real Estate Regulatory Authority, to...

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‘Draft’ national forest policy: Good riddance to bad rubbish

-Hindustan Times A week after the ministry of environment and forests (MoEF) put out a document on its website titled ‘National Forest policy, 2016 (Draft): Empowered Communities, Healthy Ecosystems, Happy Nation’, a senior ministry official last week said the document is only a “study” done by Indian Institute of Forest Management (IIFM), Bhopal, and not a draft policy. The preface to the document, however, said it had been prepared “based on...

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Decisions of the people, by the people, for the people -Ashish Kothari

-The Hindu People’s objections, from Chhattisgarh to Odisha, against large development projects have brought out the real power of the Forest Rights Act of 2006. Democracy is alive and kicking in India. No, I am not referring to the Assembly elections. It is unfortunate that the term democracy has been reduced to the drama of periodic elections and the subsequent reliance of the electorate on politicians and bureaucrats. When these powerful few...

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Forest fund Bill failed as it didn't respect tribals: Jairam -Nitin Sethi

-Business Standard Claims Bill did not respect rights of people under the Forest Rights Act and gave unbridled control over thousands of crores to forest bureaucracy On Friday, Prime Minister Narendra Modi regretted that the Compensatory Afforestation (CA) Bill could not be passed in the budget session of Parliament. On Saturday, outgoing Rajya Sabha member from Congress Jairam Ramesh hit back at the NDA, saying the reason the bill could not be...

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All you need to know about the new IPR Policy

-The Hindu The new Intellectural Property Policy, unveiled by the Finance Minister is in compliance with TRIPS. Finance Minister Arun Jaitley released India’s National Intellectual Property Rights (IPR) Policy recently. The Policy which is in compliance with WTO's (World Trade Organisation) agreement on TRIPS (Trade Related aspects of IPRs), aims to sustain entrepreneurship and boost Prime Minister Narendra Modi's pet scheme 'Make in India.' Here are the highlights: >> The Policy aims to...

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