The country’s apex bank Reserve Bank of India has informed that direct investment in the country has risen to 19 billion US dollars while on the contrary portfolio investment has seen a sharp decline during 2019-20. Portfolio investment has declined by 13.7 billion dollars during this period. The IIP data released by the RBI states…
Government Accommodation allotees of General Pool Residential Accommodation (GPRA) category have been given additional 15 days relaxation by Ministry of Housing and Urban Affairs (MoHUA) in their retention period till 15th July in view of the rapid spread of COVID-19. Earlier the retention period was extended till June end. The Ministry’s decision has come after…
A new HVAC software sequence 75F Epidemic Mode has been introduced with the aim to make commercial buildings healthier while keeping employees and customers safe amid the fast-spreading COVID-19 crisis. It has various features and components like indoor air flushes that replace the entire air of the premises with fresh air from outside while it…
Continuing with its endeavors to enhance transparency, Indian Railways has taken an important decision that the vendors supplying any item to it shall be considered approved vendors by all railway units if they are nominated by any of its vendor approving agencies. The decision will ensure ease of doing business and will also save time…
Finally, there is good news for all those beleaguered homebuyers who invested in Amrapali Group’s different housing projects in NCR over a decade back but unfortunately, those projects got stalled for years. Later, the state-run National Building Construction Corporation Limited (NBCC) took over these projects to construct and deliver these to the homebuyers. NBCC has…
In a major relief from lockdown, the Madhya Pradesh State Tourism Development Corporation has decided to reopen its tourism destinations for public from 15th June. In the wake of the ongoing coronavirus pandemic, it’s sanitizing and fumigating all its premises. In its bid to follow the mandatory COVID-19 protocol, the Corporation is also pursuing all …
Federation of Indian Chambers of Commerce and Industry (FICCI) organised a roundtable on COVID-19 containment strategies and challenges across the country. The roundtable attended by public health experts and various stakeholders of healthcare industry outlined that continued investment in strengthening public healthcare systems has helped the proactive governments in testing and control of the transmission…
All the three industrial development authorities- Noida Authority, Greater Noida Authority (GNIDA) and Yamuna Expressway Authority (YEIDA) have been asked by the UP Government to reduce interest rates on land dues of builders in the wake of COVID-19 crisis. Developers body NAREDCO and CREDAI have hailed the move as it will help relieve the builders…
While the homebuyers have already been a harried lot due to salary cuts and job losses on the back of economic unrest created by COVID-19, the recent extension provided to the developers have added further woes in the form of additional interest burdens. In view of this, Forum for People’s Collective Efforts (FPCE), a pan-India…
Coronavirus has dealt a heavy blow on the buying pattern of the consumers, so much so that most of them are now willing to buy groceries from neighbourhood Kirana stores only and may shun malls and larger stores for their monthly shopping. The trend is likely to continue even when malls get operational in the…
