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News Updates

20 May20

Major government strikes to attract global investments for coal mining

The government plans to provide rebates on revenue shares to the winners of commercial coal block auction in order to grab the attentions of the global investors. The finance ministry liberalised the amount 20lakhs crore for Atmanirbhar Bharat scheme. The government will pay 50% rebate on revenue shares for early production to the companies. The rebate will start from the day of commencement date of production till the agreed mining time of work. 50% rebate will be offers to the companies which

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20 May20

Changes on beneficial ownership of FPIs

The Banks and custodians got the strict directions from Sebi (The Securities and Exchange Board of India) to alert about the changes made in beneficial ownership of foreign portfolio investment which are linked which China. The directives of Sebi are for the regulatory of capital market and New Delhi which gripped their pose of investment from China and neighbouring countries and they are focusing on the ownership of offshore investors. Until and unless there is a problem Sebi does not ask for

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20 May20

Notification of amendments on CGST Laws by Finance ministry

With retrospective amendment of CGST the centre got more expanded time for the disbursal of input tax credit. In the amendment of CGST which is related to the transitional arrangements and is more effective for input tax credit. So the expanded time limitation helps to avail the pending input tax credit under the existing law. This amendment is to support the problems for everyone excluding the ruling petitioner for claiming the pending input tax credit or ITC till the date of June 30.

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19 May20

Decriminalising various provisions by amending ordinance to companies law

Our government has permitted such direct overseas or foreign listings for Indian companies and made some changes in the strategies for ease of doing business in post Covid-19 pandemic. Indian industry got a support by the digital seminar which is organized by the Confederation of Indian Industry to recover the mining industry on May 21 with the partnership of Finnish-Russian solution supplier “ZYFRA”. The webinar is organized to support the Indian industry and also for focusing the

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15 May20

Covid-19 will be treated as force majeure in RERA

The ministry of finance of corporate affairs Nirmala Sitharaman has announced to extend the registration and completion of the projects which are to be expired by 25 March by another six  months in suo-moto motion without any individual application and hence it will be issued by the ministry of housing affairs on the states and urban territories including their regulatory authorities. This is an impact of coronavirus pandemic which are to be considered as the risk standing on RERA

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29 Apr20

Post Coronavirus Impact Across the Country

The coronavirus pandemic has shattered the whole world and it is a big event taken place globally which has a great impact on the economy of the country and also on the other essential works. Though this turmoil will be solved soon but it has some severe outcome which will need time to recover soon. Companies with e-commerce facilities will last with profit gains The companies which has the facilities of e-commerce and can also gain some profits by providing essential materials.

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27 Apr20

Property prices has a hike to 10% by FY 2021

Due to Covid-19 pandemic, the world is totally shattered and facing huge problems economically. Moreover, many essential works and supply of goods are being stopped due to lockdowns. Though, the government has taken initiative to open up the transportation for essential goods and start the work at construction sites to support the realty sector but by maintaining social distancing. Though the government has introduced to release the stress fund of 25000 crore for the unsold and stalled

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24 Apr20

What are the Tips for broker corner in Covid-19 pandemic?

Continuation of business in real estate industry is not at all easy. But still, developers and brokers need to carry on their business by maintaining some common rules. They should communicate with their respective clients through phone calls and emails regularly. Cold Calling in Real Estate Cold calling is a way of tele-conversation where a healthy relationship grows between the seller andbuyer for continuing the business dealings. Through this, buyers can get the clarification of their

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16 Apr20

Allowance on Construction of Projects within Municipal Limit

Construction of project will be resumed with guidelines of municipal corporation. No workers will be taken from outside of working in the sites . Construction works will be suspended in the containment zones. All these measures are taken by the ministry of home affairs and the work will started from April 20, 2020 . All these activities will be done under strict compliance of district administration, state and Union Territories by maintaining all the lockdown preventive measures . Other than

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03 Apr20

RERA and Agents issues amidst CORONA Pandemic

Validity of Registration and Timeline Extension for statutory compliance are been revised due to short term crisis of Covid-19. Countries and the respective government are fighting to tackle the health and economic conditions which was caused due to sudden turmoil and rapid spread of coronavirus globally. From the mid of March 2020, the government of Maharashtra is taking precautions to prevent the rapid spread of Covid-19 by announcing lockdown, work from home and ability of partial workforce

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