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3,000 EWS families to get swanky new homes in Delhi

About 3,000 families living in slums of Kalkaji and Govindpuri are set to get swanky new homes, courtesy the Delhi Development Authority's (DDA) new housing project.

After rehabilitating residents of the Kathputli Colony in the Capital, the slum dwellers of South-east Delhi are next on the land-owning agency's list.

According to DDA officials, this new housing society has been named the Kalkaji In-Situ Housing Society and is located at Govindpuri Main Road in Kalkaji Extension, near the Bhoomi-Heen Camp. The project will cost approximately ` 232 crore and is expected to be completed by the end of 2016.

with thanks : indiatoday : link : for detailed news.

India Election: What Narendra Modi’s Victory Means for the U.S. Economy

Narendra Modi’s victory in the Indian election is expected to improve trade ties between New Delhi and Washington and could eventually lift U.S. exports in industries ranging from pharmaceutical products to heavy infrastructure, U.S. officials and business leaders say.
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Narendra Modi addresses a public rally Friday after his party won its biggest victory in 30 years on promises to revitalize the economy.

 

Agence France-Presse/Getty Images

On Friday Mr. Modi, whose pro-business credentials during Gujarat’s rapid economic expansion have already lifted India’s stock market, led his Bharatiya Janata Party toward an apparent victory that could make him prime minister later this month.

Depending on which officials join his government, U.S. companies could benefit from a relaxing of recent policies that promoted Indian manufacturing and intellectual property at the expense of international rivals, U.S. business groups say.

“Looking at his reputation and track record in Gujarat, there were some good signs from his tenure there,” said Linda Dempsey, vice president of international economic affairs at the Washington-based National Association of Manufacturers, a trade group.

Below are some U.S. sectors that could see benefits or challenges under Mr. Modi’s government:

with thanks : WSJ : LINK : for detailed news.

Pollution in Delhi : EDRWAsJF raising issue to a greater extent

With thanks : Hindustan Times

Delhi govt likely to bring rent deeds under circle rate

In a major initiative, Delhi Government has proposed that rent and lease deeds will be based on the circle rates of properties, a move aimed at mopping up more revenue and curbing tax evasion.

As per the proposal moved by the Revenue department, stamp duties on lease deeds and rent agreements will be calculated as per existing circle rates of an area and no under valuation of properties will be allowed.

Divisional Commissioner Dharampal said that circle rate may be applicable on properties whose tenure of rent agreement is more than one year.

"Often the real rent amount is not shown to save on stamp duties. We are planning to impose taxes on rented properties based on circle rate of a particular area," he said.

Sources said 2 to 5 per cent circle rate may be imposed on rented properties which may raise the rents of commercial properties in areas like Khan Market, Connaught Place and Greater Kailash.

with thanks : Times of India : LINK : for more details

Mood of Delhi on Total TV - 5 Months Ago

DJB RTI : East Delhi RWAs Joint Front : Hindustan Times

The polluted air of Delhi : Nav Bharat Times

Is Delhi on the verge of a massive Cancerous DISASTER ?

with thanks : Hindustan Times

Is Delhi on the verge of a massive Cancerous DISASTER ?

with thanks : Hindustan Times

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