MCHI NEWS

Panel led by chief secretary to look at ways to boost development

Publication: HINDUSTAN TIMES Date : 11 FEBRUARY 2020

Chief minister (CM) Uddhav Thackeray on Monday set up a committee under the chief secretary to look into the demand for concessions to boost development and redevelopment projects, including slum rehabilitation projects, in the state. Industry bodies have sought concessions, including reducing the stamp duty fee by half.

FPJ Exclusive: Realty players bat for 50% cut in stamp duty on residential homes, concession in land under construction tax

Publication: FREE PRESS JOURNAL Date : 11 FEBRUARY 2020

Realty players representing CREDAI-MCHI and NAREDCO on Monday met Chief Minister Uddhav Thackeray and made a slew of demands including reduction in stamp duty by 50% pertaining to the residential housing units in the state,

Amid slump, developers meet Uddhav Thackeray, press for concessions

Publication: FREE PRESS JOURNAL Date : 11 FEBRUARY 2020

Chennai: The Reserve Bank provided some relief to the realty sector by extending asset downgrade of commercial project loans by a year and allowing scheduled commercial banks to provide incremental credit to the residential sector.

State panel to deal with developers’ issues

Publication: TIMES OF INDIA Date : 11 FEBRUARY 2020

Mumbai: Chief minister Uddhav Thackeray said on Monday that the state gover nment will for m a coordination committee to deal with issues raised to developers.

REALTY NEWS

How Budget 2020 will boost affordable housing

Publication: FINANCIAL EXPRESS Date : 11 FEBRUARY 2020

The Central government’s attempt to boost infrastructure in the country is also to set to create jobs over the next few years, which will thereby add to the demand for affordable houses.

FM Nirmala Sitharaman holds meeting with industry on direct tax dispute resolution scheme

Publication: MINT Date : 10 FEBRUARY 2020

The scheme would remain open till June 30, 2020 The scheme cannot be availed in case where prosecution has been instituted or where tax arrears relate to undisclosed foreign income or assets

GST Council will revise rates yearly, says FM Sitharaman

Publication: MINT Date : 10 FEBRUARY 2020

Frequent changes have led to an inverted duty structure, says Sitharaman. Frequent revision of GST rates have made raw material price costlier than the finished product

Industry urges FM Nirmala Sitharaman to change tax settlement scheme

Publication: BUSINESS STANDARD Date : 10 FEBRUARY 2020

Industry on Monday asked Finance Minister Nirmala Sitharaman to tweak the Bill on settling direct tax disputes by reducing the amount of tax under the scheme on the lines of a similar one for indirect taxes announced in the previous Budget.