6TH DECEMBER 2016

If you cannot read this email, please click here



MCHI-CREDAI

HIGH COURT NEWS

     

Bombay HC anger prompts BMC to clear second Doppler radar site

Publication: HINDUSTAN TIMES Date : 06 DECEMBER 2016 PAGE: 05
MUMBAI: The Brihanmumbai Municipal Corporation (BMC) on Monday passed a proposal to provide space at the Veravali water supply reservoir in Andheri to the Indian Meteorological Department (IMD) to set up a second Doppler radar.
     

Plot for 2nd Doppler weather radar cleared

Publication: TIMES OF INDIA Date : 06 DECEMBER 2016 PAGE: 06
MUMBAI:The improvements committee cleared a proposal on Monday to allot a portion of a water reservoir plot at Veravali, Mahakali, for a second Doppler weather radar, after the Bombay high court rapped the civic body for the delay.
     

HC raps cops for not taking down statement of builder

Publication: TIMES OF INDIA Date : 06 DECEMBER 2016 PAGE: 08
MUMBAI:The Bombay high court on Monday directed the joint commissioner, Economic Offences Wing (EOW) of Mumbai police, to appear in court after expressing anger that an investigating officer had not taken

 WET WASTE NEWS

     

Soon, segregation of dry and wet waste will be compulsory in all housing societies

Publication: TIMES OF INDIA Date : 06 DECEMBER 2016 PAGE: 06
MUMBAI: Dry and wet waste segregation will soon be made compulsory for all housing societies in the city. .
     

BMC panel okays compulsory processing of wet waste

Publication: THE INDIAN EXPRESS Date : 06 DECEMBER 2016 PAGE: 03
MUMBAI: The proposal will now be tabled in front of the general body, and if approved, will be forwarded to the state.

INFRA NEWS

     

MUTP-II: 10 of 72 trains Mumbai was promised by year end are yet to arrive

Publication: HINDUSTAN TIMES Date : 06 DECEMBER 2016  PAGE NO: 03
MUMBAI: All 72 trains that the city was supposed to get under the second phase of the Mumbai Urban Transport Project (MUTP-II) may not arrive by the end of the year, as planned
     

MMRC to run 8-coach trains for Metro 3 project

Publication: THE ASIAN AGE Date : 06 DECEMBER 2016  PAGE NO: 03
MUMBAI: The Metro 3 will have 27 underground stations and will be a crucial north-south link.

CRR  NEWS

     

SBI ready to cut rates if given relief in CRR

Publication: TIMES OF INDIA Date : 03 DECEMBER 2016  PAGE NO: property
MUMBAI: SBI has said that it is likely to bring down its lending rates if the RBI withdraws the additional cash reserve ratio (CRR) requirement imposed in the wake of the surge in bank liquidity

  REALTY NEWS

     

Bottom of pyramid can be big for home fin firms

Publication: DNA Date : 06 DECEMBER 2016 PAGE NO.: MONEY
 Housing Finance sector in India is looking at exciting times ahead as the economy gathers momentum on the back of government's focus on stimulating the economic growth. It is on the cusp of a “golden age”  
     

Sudarshan Sampathkumar: Looking beyond taxation in GST

Publication: BUSINESS STANDARD Date : 06 DECEMBER 2016 PAGE NO.: 10 
 Regulators often overstate the seriousness of the work they do to defend every measure adopted in regulations, however flawed.
     

Property or money received from certain relatives is exempt from tax

Publication: LIVE MINT Date : 06 DECEMBER 2016 PAGE NO.: 17 
 An exemption is available if the property or money is received from a relative, who include, among others, the individual’s parents.
     

New real estate rules under RERA finalised for Delhi

Publication: LIVE MINT Date : 06 DECEMBER 2016 PAGE NO.: 17 
 The real estate rules in this agreement of sale are similar to those notified on 31 October by the ministry for the five union territories without legislatures.
     
 

CREDAI-MCHI,

 Maker Bhavan II, 4th Floor, 18,
Sir Vithaldas Thakersey Marg, New Marine
Lines, Mumbai - 400 020.
T: 022 - 42121421
E: secretariat@mchi.net