Impact of Delhi’s updated land pooling policy

Impact of Delhi’s updated land pooling policy

The notification of the lieutenant governor of Delhi of 89 rural villages in urban areas has once again highlighted the land policy of Delhi land, which accumulated dust for almost two years. The Delhi Development Authority (DDA) had approved the policy during the last week of July 2013 and was then notified by the Union’s Ministry of Urban Development in September of that year. The operating rules were also approved by the ministry in May of 2015.

The dispute between the Delhi government and the PDD over certain amendments to the Sierra’s political article goes nowhere, while unscrupulous elements have announced plans and raise money from naive shoppers with the promise of a home in Delhi.

The policy in its concept is still a new idea, since it aims to solve the problems facing the nodal body in the acquisition of land in the main city, due to the weakness of the land and the increase in compensation due to increase Of the soil assessment.

The DDA has created two categories for pooling the land – over 20 hectares and the second for land between 2 and 20 hectares.

Improved land cover by 40 percent as part of this policy, compared to the existing 33 percent, is to promote private sector participation with land consolidation and development being the domain of private actors, while the PDD assumes A more important role of a facilitator.

Landowners would receive between 48 and 60 percent of the land combined for PDD development purposes instead of compensation, and they could use these developed lands in the way they want. The DDA will use the remaining part of the land combined to create the associated infrastructure, as well as for the semi public and public.

This policy is likely to lead to residential development projects in the main city, which has a housing deficit and where most housing needs are met by the DDA. This policy is likely to result in increased private participation in housing development throughout the city.

The latest modifications of the policy by the Ministry in 2015 are:

1. If the development delay of the DDA combined, a fine will be paid to the owners / farmers to 2% of the external development expenses (EDC) for the first two years and 3% for the subsequent period in case Of delay beyond the completion of the five-year project, according to the most recent date.

2. If farmers / landowners can not afford the EDC, they can give up most of the land with respect to the PDD, and in this case they will get 35 percent of the land for their use.

3. Development companies must necessarily build houses for the EWS (economically weaker), which represent 15% of the FAR well beyond what is allowed.

4. transparent system to prioritize returnable land allocation based on a computerized monthly pooling system.

5. Full use of the FAR is intended for residential purposes.

It is estimated that the policy will unlock around 20 000 to 25 000 hectares of land through Delhi, especially in towns and cities small cities on the outskirts of the city. Such development is likely to lead to good availability of residential units, which will also help control residential prices.

ED files PMLA case against Karti Chidambaram

ED files PMLA case against Karti Chidambaram

NEW DELHI: The Enforcement Directorate (ED) has filed a case of money laundering against Karti Chidambaram, son of former Finance Minister P Chidambaram and others by reading a recent FIR against CBI them.
Authorities said that the central survey agency recorded an incident fact sheet (Ecir), equivalent to the emergency service of a police FIR against the defendants named in the CBI complaint, including Karti, INX media and their directors, Pedro and Indrani Mukerjea, among others.
The ECIR was registered with the provisions of the Law on Prevention of Money Laundering (MPLA), they said.
They said that the emergency department would consider the “proceeds of crime” supposedly generated in this case and could also join the property of several defendants.
It is Ed who provided information on alleged illegal payments by INX media reports that the IWC had filed the FIR.
The CBI on Tuesday had carried out investigations in Karar homes and offices in four cities for allegedly receiving money from the Mukerjeas-owned media company to crush a tax probe.
The Chidambarams denied all charges against them.
The IWC had filed a FIR against Karti and Mukerjeas on charges of criminal conspiracy, deception, illegal settlement of influence on officials and misconduct.
It is alleged that Karti received INX Digital funds for the use of his influence to manipulate a tax probe in case of violation of the conditions of the Foreign Investment Promotion Council (FIPB) to receive Maurice investments.

HUDCO makes strong debut; lists 22% premium to issue price

HUDCO makes strong debut; lists 22% premium to issue price

 

The Housing and Urban Development Society (HUDCO) scored Rs 73.45, a 22% premium over its initial IPO of Rs 60 on BSE. On the National Stock Exchange (NSE), opened the stock in Rs 73.

The reduction of Rs 2 per share issue price of Rs 60 was offered to retail employees and rights.

At 10:06, the stock traded at 76.65 Rs, after having reached the peak of Rs 77.80 on BSE, it publishes its list. In the NSE, rose from Rs 77.85 in intra-day trade so far. A combined quota of 84.01 million pieces won the accountant on BSE and NSE now.

HUDCO’s IPO saw strong investor demand and subscribed almost 80 times. The part reserved for qualified institutional buyers (QIB) was subscribed 55.45 times, non-institutional investors have recorded a subscription of 330.36 times and the category of retail investors was subscribed about 11 times.

HUDCO company, which offers loans for housing projects and urban infrastructure in India has recently increased by Rs 1,120 crore as part of its IPO, helping government efforts to meet its divestiture target.

The company enjoys strong relationships with state governments and their agencies and funds from various central government and state projects in the development of housing and urban infrastructure. In most cases, these loans are subject to the payment of allocations in government budgets or use of other sources of income, which reduces the risk of recovery of loans to state governments and their agencies.

“On December 31, 2016, the ratio of gross non-performing assets (NPA) to loans to governments of the states and their agencies was 0.75% compared to the gross NPA of 6.80%. State governments also contribute to the (weighted) equity (ICAC) share of 63.7% in December 2016 because the risk of these loans is “zero,” a Securities Note Checkout

Analysts remain optimistic about the way forward for the company and investors suggest they stay in the stock for the moment.

“We suggest to subscribe the issue and the shares was listed in a prize at its offer price of Rs 60. At the current market price, HUDCO trading at 1.8 times its adjusted book value. The stock with a target price of Rs.80 / which is approximately 2 times its current adjusted book value, “says G Chokkalingam, founder and CEO of Equinomics Research and Advice

Rupee pares early gains, weakens to six-week low against US dollar

Rupee pares early gains, weakens to six-week low against US dollar

Mumbai: The Indian rupee has cut all gains on Friday morning and has weakened the 65-point mark to a six-week high against the dollar after losses in global capital and currency markets amid uncertainty about The Brazilian and American politics.

The rupee hit a high of 65.02 – a level reached on April 6. In 12h-28h, the rupee weakened to 65.01, down 0.21% from its previous close of 64.85. Earlier in the morning trading, it opened at 64.75 and was strengthened to 0.25% or $ 64.69.

The Sensex index fell 0.18% or 53.77 points to 30 375.47. So far this year, it increased by 13%.

Until this year, the rupee has gained 5.5%, while foreign investors bought 7.12 billion and 9.47 billion dollars respectively in local capital markets and loans.

The 10-year yield bond was trading at 6.669% since the previous close of 6.677%. Bond yields and prices move in opposite directions.

Asian currencies were trading lower. The Indonesian rupiah fell 0.3%, South Korea gained 0.21%, the Philippine peso, 0.13%, the Taiwan dollar, 0.11%, China’s 0.06% and China’s rENMINBI 0 , 05%. However, the Japanese yen increased by 0.31%.

The dollar index, which measures the strength of the US dollar against major currencies, traded at 97,834, down 0.05% from its previous close of 97,879.

The Council on Goods and Services Tax (GST) held on Thursday 1 July for the establishment of the unified indirect tax that would contribute to the creation of a single national market and ensure that consumer products are any tax burden

Market Live: Sensex, Nifty off the day’s lows; market breadth still negative

Moneycontrol News

14:14 Checking the benchmarks market outweighs the weak points of the day, the Sensex Nifty trades and are almost flat with a positive bias.

The Sensex rose 41.72 points 30,476.51, while Nifty rose 8.25 points to 9,437.70. The width of the market remained negative as the stocks of 848 advanced against a decrease of 1771 shares, while 153 stocks remained unchanged.

Asian Paints, Gail and IndusInd Bank were the top losers in both indices, while ITC and HUL the most won.

13h 30 Faith and Order List: BSE stock contracts present futures and options in five companies, including RBL Banco and Compañía Nacional de Aluminio (Nalco), as of May 26

Hindustan Construction Company, Kajaria Ceramics and Ramco Cement from other companies in which futures and options have been authorized.

Market control 13:15: benchmark indexes are trading low, Sensex and Nifty cut all losses and completely reverse the trend.

The Sensex fell 33.44 points 30,401.35, while the Nifty fell 18.40 points 9411.05. The amplitude of the market was negative as the stocks of 798 advanced against a decrease of 1743 shares, while stocks of 155 remained unchanged.

ITC and the State Bank of India were the first winners, while Asian Paints, Hindalco and Gail were the main losers.

12:51 Gains: State Bank of India (SBI) rose by 122 percent year over year net profit for the March quarter at Rs 2,814 crore Friday, which was slightly lower than the CNBC-TV18 estimate of Rs2.832 crore.

The largest public sector bank recorded a net profit of Rs 1,263.81 crore in the corresponding quarter of last year.

Net interest income increased by 17.3% (year-on-year) 18,070,700,000 DEM for the quarter ending in March, which was higher than the CNBC-TV18 estimate of 15,275 and R $ 90 million. OSE reported net interest income of $ 15 401.30 gross in the same period last year.

24:30. Control: The Rajesh Exports Jewelry Company announced today that it hired an export order of Rs 1.140 crore value from a company based in the UAE.

“Rajesh exports has acquired a prestige order for its products worth Rs 1,140 crore,” the company said in a report to the BSE.

24:05 pm Checking the market selling pressure took over the D-Street at the end of the morning session, as the market erased a large portion of its profits.

Sensex recorded only 48.79 30.483.58 points, while the Nifty increased 4.30 points 9433.75. The width of the market, however, was negative as the 1311 stocks advanced against a decline of 1,385 shares, while 125 stocks remained unchanged.

ITC Hul continued to gain in indices, while Maruti Suzuki, TCS, Hindalco and Eicher Motors lost more.

Zombie 11:40: share price of Sutlej Industries Textiles and rose more than 4 percent intraday on Friday as the company has approved the subdivision of its shares.

The company, at its meeting held on May 18, approved the subdivision of the shares of Rs 10 each into 10 shares of Re 1 each.

The shares of the subdivision are subject to shareholder approval and will be effective after other legislative and regulatory approvals.

11:24 CESC World brokerage: Macquarie maintains the most aggressive target price of Rs 12 months of 1100 on Cesc sees strong revaluation in share price as a result of restructuring. It increased its target price from Rs 658 to Rs 1100.

CESC has announced a massive restructuring of its activities dividing the existing company into four different companies focused on a particular industry. This is a clean mirror and departed without loss of value for minorities.

11:10. Checking the market benchmark indices gave some of their initial earnings after Sensex hit a record high in the morning session.

The Sensex climbed 142.25 points to 30,577.04, and the Nifty increased by 36.25 points to 9465.70. Some 1,532 shares have advanced, 735 and 105 shares decreased shares have not changed.

The best loser includes OSE, HUL, ITC, Bharti Airtel and Coal India, while the top losers include TCS, Infosys, Wipro, Asian Paints and Maruti Suzuki.

WannaCry Attacks: Microsoft Criticised for Not Offering Free Patches to ‘Unsupported’ Windows XP Users Earlier

US software giant Microsoft has withdrawn the distribution of the free security update that could protect computers from the world of cybernetics WannaCry, the Financial Times reported on Thursday.

In mid-March, Microsoft released a security update after detecting a security flaw in its XP operating system that allows the WannaCry reference system to infiltrate and freeze computers last week.

However, the software giant has sent the free security update – or patch – users to the latest version of the Windows 10 operating system, according to the report.

Older software users, like Windows XP, had to pay heavy support costs, he added.

“The high price highlights the dilemma facing the world’s largest software company, trying to force customers to switch to newer, more secure software,” he said.

A Microsoft spokesman, based in the United States to AFP: “Microsoft offers custom support contracts as a security measure” for companies that choose not to upgrade their systems.
“To be clear, Microsoft would prefer that companies are improving and realizing all the advantages of the latest version rather than choosing a custom support.”

According to the FT, the cost of upgrading previous versions of Windows “from $ 200 (about Rs 13,000) per device in 2014, when regular support for XP ended at $ 400 (about 26 RS 000) the following year “While some customers were invited to pay additional fees.

The newspaper said the high costs led the British National Health Service – one of the first victims of the WannaCry attack – did not make the updates.

Microsoft finally distribute the patch for previous versions Friday – the day has detected ransomware.

Although the announcement was “too late to contain the outbreak of WannaCry,” the report said.

Microsoft has not confirmed the AFP when it made the free patch.

A group of hackers called Shadow Brokers released the malware in April, which claims to have discovered the defect of the NSA, according to Kaspersky Lab, a Russian provider of computer security

The Real Reason We Need to Stop Trying Too Hard In beauty services

The beauty service is the great thing and all are knowing that how to make the best beauty fairness by the best beauty services at home.

There is the real reason, what we need to stop trying too hard in beauty services and everyone have to involve to reduce the hard reason for beauty services.

Some of the people think that the doorstep beauty service is very expensive and it is not affordable in modern times, so this is one of the big reason and we should try to stop this thing for the beauty services.

Most of the people were thinking that for the beauty services, they want to make more beauty fairness at their home, but sometimes they get the worst pieces of advice from other people is that you should not pick the beauty services at home, which affects to another people.

They give the worst advice to people is that the beauty services are not good for you and you have to make the different way to get the beauty service like salon because it will give you the best beauty treatment at the salon.

Generally, we say that the Best that pleases the aesthetic senses services at home are very good for us, in actual it plays very great job and provides the best opportunity, but someone gives the worst advice, by their own thinking.

Sometimes, the beauty services at your home create best thinks in the mind and sometimes, it becomes bad in some point of view.

The beauty service at home is the best way to get the best opportunity at the home and people don’t have to give the worst advice to others about beauty service.

61st Filmfare Awards

The 61st Filmfare Awards were presented on January 15, 2016 in Mumbai. Sanjay Leela Bhansali’s historical romance drama swept up nine awards, including best actor (male), best director, best film, besides awards in technical categories. ‘Piku’, Shoojit Sircar’s adorable feature about the connection between motions and emotions, came a close second with five awards. The list of prominent winners in different categories is as follows:

Best Actor (Male) Ranveer Singh – BajiraoMastani Best Actor (Female): Deepika Padukone – Piku Best Film: Bajirao Mastani Best Film (Critics): Piku

Best Male Actor (Critics): Amitabh Bachchan – Piku Best Female Actor (Critics) : Kangana Ranaut – Tanu Weds ManuBeturns

Best Editing: A. Sreekar Prasad – Talvar Best Background Score: Anupam Roy – Piku Best Story; Vijayendra Prasad – BajrangiBhaijaan Best Screenplay: Juhi Chaturvedi – Piku Best Dialogue: Himanshu Sharma – Tanu WedsManuBeturns Best Debut Actor (Female) : Bhoomi Pednekar – Dum Taga Ke Haisha

Best Debut Actor (Male): Sooraj Pancholi – Hero Lifetime Achievement Award: Moushumi Chatter jee


AUSTRALIAN OPEN 2016

WINNERS

 

World No. 1 Novak Djokovic of Serbia clinched his 6th
Australian Open men’s singles title defeating Andy Murray
of Great Britain in Melbourne on January 31, 2016.

He became the first man in the Open Era to win six \ Australian Open titles. He bagged his 11th Grand Slam.

India-Swiss pair of Sania Mirza (R) and Martina Hingis
won Women’s Doubles crown defeating
Czech duo of Andrea Hlavackova and Lucie Hradecka.

Jamie Murray (Britain) (R) & Bruno Soares (Brazil)
beat Daniel Nestor (Canada) &

Radek Stepanek (Czech Republic) in Men’s Doubles.

INDIAN INSTITUTE OF MANAGEMENT )


The eleventh IIM of the country began functioning from its temporary campus at National Institute of Technology, Tiruchirappalli after its inauguration on January 4, 2011. Indian Institute of Management Tiruchirappalli is mentored by IIM Bangalore. The classes of the first batch of students began on June 15, 2011.

The former SEBI chairman, Mr. M. Damodaran heads the Board of Governors, while IIM-C faculty, Dr. Prafulla Y. Agnihotri has been appointed Director of IIM-Trichy.

The permanent campus for IIM Tiruchirappalli or IIM Trichy, will be on 172 acres of land between Bharathidasan University and Anna University of Technology on the Trichy- Pudukottai highway, 17 km south-east of the city centre and 12 km from Tiruchirapalli International Airport.

IIM-Trichy offers a two-year full-time Post Graduate Programme in Management (PGPM). Its main objective is to develop young men and women into competent professional managers, capable of working in any sector of organised activity, proceeding leadership and achieving excellence in performance while contributing to the welfare of the larger society. Though IIM-Trichy was to be started in 2010 along with three other new IIMs in Rohtak, Ranchi and Raipur, respectively, it is the first among the four to get started with a full-time director and 12 highly qualified and experienced full-time faculty members chosen out of over 400 applicants from the country and abroad.

Its Fellow Programme in Management (FPM) is a full-time, residential Doctoral programme. The FPM at IIM-Trichy is globaly recognised, and is a premier source of rigorous and inter-disciplinary research in all areas of business management and public policy. The programme is committed to training individuals who will excel in their areas of research through creation of quality knowledge of international standards. FPM students will specialise in the following disciplines: Finance and Accounting; Marketing; Economics; Quantitative Techniques and Operations Management. The mission of the FPM at IIM-Trichy is to provide rigorous, world-class, inter­disciplinary training in all areas of business management and public policy that will equip students with the ability to conduct cutting-edge research; to create group of committed and qualified individuals to greate new knowledge in all areas of business management and public policy.

 

Dr. Prafulla Y. Agnihotri is the founder Director of IIM Tiruchirappalli,

Tamil Nadu. Before taking over the current position, he was a Professor in Marketing group at Indian Institute of Management (IIM), Calcutta.

Dr. Agnihotri holds a Master’s Degree in Management Studies (M.M.S.) and Ph.D. in International Marketing Strategy area from Jamnalal Bajaj Institute of Management Studies,

Mumbai. He has over 10 years of industry—in sales, marketing and training—and over 16 years of experience in academics. Dr. Agnihotri teaches courses in Marketing Management, International Marketing, Services Marketing and Strategic Brand Management. His major research interests are in Brand/Marketing Audit, International Marketing Strategy anct Global Competitiveness areas. Currently, he is researching on the role of home country government in promoting the global competitiveness of the firms emerging from that country.

Dr. Agnihotri is a Visiting Faculty with Euromed, Marseille Provence (an EQUIS Certified B-School), and CERAM, Sophia Antipolis, France and teaches the courses of Marketing, International Business and International HRM to their MBA students. He has over 20 research papers published in several reputed journals and magazines at national and international levels.

Besides, the Institute also offers a three-year part-time Post Graduate Programme in Business Management (PGPBM).

The PGPBM programme is one of the flagship programmes of the Institute, and was launched in 2012 for working executives in and around Chennai, who aspire to move into senior leadership roles. The prestigious Institute plans to launch a full-time programme in Manufacturing Management soon in collaboration with IIT Bombay. A Centre for Education Management is also on the cards. The institute has launched a new Post Graduate Programme in Human Resource Management at its Chennai Centre. The PGP-HRM, commenced from July 2014, caters to the needs of waiting professionals.