-The Telegraph New Delhi: The government's spending on the rural job scheme increased 10 per cent in the last fiscal despite a matching decline in the number of beneficiaries because of deletion, challenging claims that weeding out bogus card-holders helped cut down on expenditure and pointing to the lack of jobs in rural areas. After verification, the government struck off the names of 1.62 crore job card-holders under the Mahatma Gandhi National...
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Assured return offers by realtors and jewellers to be treated as Ponzi -Sidhartha
-The Times of India NEW DELHI: The proposed law to crack down on Ponzi schemes will bar real estate developers that offer fixed returns till possession as well as schemes from jewellers as the government believes that they are “unregulated deposits”. The clampdown on realtors, jewellers and other deposit-seeking entities is part of the Banning of Unregulated Deposit Schemes Bill, which was cleared by the Cabinet on Wednesday and is expected to...
More »SBI's Budget 2018 pitch: Increase income tax exemption limit to Rs 3 lakh
-PTI NEW DELHI: With rise in personal disposable income post 7th Pay Commission, the income tax exemption limit needs to be raised by Rs 50,000 to Rs 3 lakh, a SBI report said on Monday. The move will benefit around 75 lakh people, it said. The SBI's Ecowrap report further said that if the exemption limit of interest payments under housing loan is increased to Rs 2.5 lakhs for existing home loan...
More »Aadhaar mandatory for PPF, NSC, Kisan Vikas Patra
-The Hindu Existing subscribers have time till December 31, 2017 to link their Aadhaar The Union government has made linking Aadhaar mandatory for the Public Provident Fund (PPF), the National Savings Certificates (NSC) and the Kisan Vikas Patra (KVP). In a series of four notifications, the government said the existing subscribers have time till December 31, 2017 to link their Aadhaar. "Provided further that every depositor under this scheme who has not given his...
More »Despite RERA, Centre and states not doing enough to protect home buyers -Manish
-Hindustan Times The central government has extolled RERA as a panacea for exploitation of home buyers with the establishment of an independent authority in each state. But its own actions in the Capital reflect poorly on the objective The Real Estate (Regulation) Act, 2016, the flagship legislation to protect home buyers, has come into force, but its implementation on the ground continues to lag, with the central and state governments equally lax...
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