Gemba Management Consulting: Successful Training Skills on June 14th 2013 at Chennai

After the overwhelming success of earlier batches of Successful Training Skills, Gemba Management Consulting proudly announces a repeat program.

This program would be anchored by Dr.R.Karthikeyan, ace trainer and HR Consultant.
With an experience of training 40,000 employees across 160 organizations, Dr.R.Karthikeyan would share his success mantras in training.


Venue : Courtyard Marriott, Anna Salai, Chennai.

Date : June 14th 2013

As this is a much sought after program that is offered by Dr.R.Karthikeyan with his 24 years of rich facilitating experience in corporate sector, may I request you to nominate yourself and your employees at the earliest. The batch size is about 30 and we are expecting  potential Learning and Development professionals to participate.

If you have any queries about the registration, feel free to mail.


If you need to speak to Dr.R.Karthikeyan on the suitability or /  scope of the program, please do let us know, we would  arrange a call for you.


Gemba Management Consulting Pvt. Ltd.,
No. 14(old), No. 16(new), Third Main Road, Kottur Gardens, Kotturpuram,
Chennai - 600 085.
Phone: 91-44- 42823326
Mobile: 9840823437
Email:  director@gemba.co.in



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Regular Online Shoppers Were in 25 to 34 Age Bracket..!.

Credit Cards for Shopping: 44.8% Indians Used.. 

A MasterCard survey of the online shopping habits of Indians finds that compared to 44.8% who used credit cards for such shopping in 2010, only 34.2% chose to do so in 2012. But this is better than the previous year when it was much lower at 28.8%.

The survey covered 7,011 people (500 Indians) in 14 countries in the Asia - Pacific region, between November and December 2012, interviewing them on their online shopping habits during August to October 2012. Though the sample size is small, contrary to popular belief, Indian men beat women when it came to online shopping. While only 61% women purchased 2.2 items each online in the 3 months, 75.1% men had bought 3.4 products each. Those surveyed were in the 18 to 64 age group, but the regular online shoppers were concentrated in the 25 to 34 age bracket.

Expectedly, the most online spend was on airline tickets - an average of $ 238 in the 3 month period  followed by payments to travel agencies ($ 129) and for hotels ($ 121).

These numbers are indicative of a booming travel industry &  a willingness of consumers to make travel-related purchases online, which also holds greater potential for cross-border transactions. Mobile shopping shows room for further development too.
Mobile shopping

The survey found that though 3 out of four respondents had Internet on their mobiles, cell phone shopping continued to remain low in India, with only 30% of those with Net access shopping through their mobiles in that period.

Movie tickets, mobile apps &  air tickets topped the purchase list. The ability to “shop on the go”, coupled with the availability of apps that facilitate shopping via the handset, has the potential to grow this market, finds the survey.

The most popular mode of payment for online shopping in India continues to be Net banking / debit cards at 41.1%, followed by credit cards (34.2%) and cash (14%).

But country-wise, China splurges most on the Net with 102 Index points, followed by New Zealand (87), Australia (85), Singapore (84), and South Korea (82). At 78, India is not too far behind.


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Investors in HDFC Bank IPO made 6980% Returns in 18 Years..!

Are investors missing the 'IPO' bus?

Investors in HDFC Bank IPO made 6,980% returns in 18 years. The tales of investors in Infosys' 1993 IPO becoming millionaires is common. That too, assuming they did not cash out during the 2002 tech boom.

Initial public offerings (IPOs) are therefore meant to be a golden ticket to participate in a firms's path to prosperity. However, most companies going the IPO route have not stayed true to this spirit. Many may not be aware that until the early 1990s, IPO-pricing was decided by the Controller of Capital Issues (CCI). The CCI decided that Infosys could make an issue at a premium of Re. 1 (issue price of Rs. 11) in 1993..!

It was only when the then Finance Minister Mr. Manmohan Singh abolished the post of CCI, could Infosys price the issue at a premium of Rs. 86. However, between then and now the absence of a 'controller' for pricing of capital issues has been a much debated subject.

The Reliance Power IPO in 2008 was a classic case of mis-priced IPO. Despite not having a single rupee in revenues the company priced the issue at a premium of Rs. 395 per share! Ever since, company promoters and lead managers have been looked upon with suspicion by investors. Unless the IPOs are attractively priced investors have been wary of losing money in them. Even the lure of listing gains has fizzled out with markets not rewarding speculators with gains on listing of over-priced IPOs.

There is so much negativity about IPOs that the market has almost dried up over the past three years. Very few companies have dared to debut on the bourses during this period. Even amongst the ones that did, just a handful have managed to stay above listing price.

The Big  Question is:

Are investors missing the bus by letting go the opportunity of investing in companies at the IPO stage?

Well, we can not resist quoting Buffett's view on IPOs here

"The new issue market is ruled by controlling stockholders &  corporations who can usually select the timing of offerings. Understandably these sellers are not going to offer any bargains. It's rare you'll find X being sold for half  X. Indeed, in the case of common stock offerings, selling shareholders are often motivated to unload only when they feel the market is overpaying."

Thus it is even more important for investors to judge the moat of the business, the sustainability of profits and management quality of the businesses offered through the IPO route. Since, it is difficult to reasonably evaluate these for a company yet to be listed, it is better to exercise caution. Besides the margin of safety in IPO valuations, investors must be way of future visibility.

Hence we do not think investor concern is in any way misplaced by giving over-priced IPOs a miss. It is a far safer option to invest once the companies prove their worth a couple of years after listing.

Src:
Equitymaster Agora Research Private Limited
103, Regent Chambers, Above Status Restaurant, Nariman Point,

Mumbai - 400 021. India. Telephone: +91- 22 - 6143 4055, 000053 498709
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SEBI New Rule: Register to Act As investment Adviser:

The applicant is required to submit the form with a fee of Rs, 5,000 by way of bank demand draft

With an aim to weed out unauthorised entities giving advice to investors, market regulator Securities and Exchange Board of India (SEBI) recently said anyone seeking to act as an investment adviser would need to first obtain a certificate of registration for the same.

As a part of its efforts to make it convenient for genuine entities to get the registration, SEBI has allowed filing applications with its regional &  local offices across India.

"In terms of the Investment Adviser Regulations, no person shall act as an investment adviser unless he has obtained a certificate of registration from the Board or he is specifically exempt," SEBI said in a statement.


The regulator SEBI said the applicant seeking to act as an investment adviser should make an application to SEBI in a prescribed format along with the necessary supporting documents such as details of the investment advice provided.

The applicant is required to submit the form with a fee of Rs. 5,000  by way of bank demand draft (DD).

Generally on receipt of application, the applicant would receive a reply from SEBI within one month.

SEBI has notified Investment Adviser Regulations in January this year (2013).

As per the regulation, SEBI made it mandatory for investment advisers to register with the capital market regulator SEBI  and also require them to disclose all issues that could result in conflict of interests, among others.

To ensure more transparency, the new regulations require investment advisers  banks, non-banking financial companies (NBFCs) & corporates  would have to segregate their investment advisory services from other activities.

Investment advisers also have to disclose the fee received for their advice on a particular financial product.

SEBI said all entities engaged in advising on financial products would need to get registered with it. Besides, the investment advisers need to separate this activity from all other activities such as distribution.

To be an investment adviser, corporate bodies need to have a minimum worth of Rs. 25 lakh while the threshold level would be Rs. 1 lakh for individuals.

A time period of 1 year has been given for existing investment advisers to comply with necessary capital adequacy requirements.

In a move to curb the risks related to advisory services, the regulator SEBI said the investment adviser cannot enter into transactions on its own account contrary to the advice given to clients for at least 15 days from the day of such advice.

Advisers must disclose the fee they get for advice on a particular product, their holdings in products on which they are advising, the risks involved and any conflict of interest arising out of their association with issuers of the financial products, according to SEBI notification.


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UTI Mutual Fund: Declares 1:10 Bonus For 3 Schemes..!

 UTI Mutual Fund has declared a bonus under 3 of its schemes viz UTI-Children’s Career Balanced Plan, UTI Unit Linked Insurance Plan and UTI Retirement Benefit Pension Fund in the ratio of 1 unit for every 10 units held of face value of Rs.10 each. Pursuant to the payment of bonus, the NAVs of the said schemes would fall to the extent of bonus units allotted and statutory levy if any

The record date for the bonus under aforesaid schemes is May 30, 2013.

All unit holders registered under the UTI-Children’s Career Balanced Plan-Existing Plan & UTI Children’s Career Balanced Plan-Direct Plan, UTI Unit Linked Insurance Plan-Existing Plan & UTI Unit Linked Insurance Plan-Direct Plan and UTI Retirement Benefit Pension Fund –Existing Plan & UTI Retirement Benefit Pension Fund-Direct Plan as on the record date will be eligible for this Bonus.




 The NAV of UTI-Children's Career Balanced Plan-Existing Plan and UTI Children’s Career Balanced Plan-Direct Plan on May 24, 2013 was Rs .15.0798 and  Rs.15.0924 respectively.

The NAV of UTI Unit Linked Insurance Plan-Existing Plan and UTI Unit Linked Insurance Plan-Direct Plan on May 24, 2013 were Rs.18.1476 and Rs.18.1833 respectively.

The NAV per of UTI-Retirement Benefit Pension-Existing Plan Fund and UTI Retirement Benefit Pension Fund-Direct Plan on May 24, 2013 was Rs.18.4861 and  Rs.18.5308 respectively.

UTI Children’s Career Balanced Plan..!

UTI Children’s Career Balanced Plan invests in equities, convertible and non-debentures/bonds of companies and money market instruments The scheme has an asset allocation limit of minimum 60% in debt and maximum 40% in equities/equity related instruments. UTI Children’s Career Balanced Plan offers two options viz. Growth and Scholarship Options. The minimum amount of investment is Rs.1000  under both the options.

Mr Amandeep Chopra is the fund manager for the debt portfolio of UTI Children’s Career Balanced Plan and Mr Anoop Bhaskar is the fund manager for the equity portfolio of the scheme.

UTI- Retirement Benefit Pension Fund..!

UTI Retirement Benefit Pension Fund is an open-ended notified tax saving-cum-pension scheme with no assured returns. The scheme has been notified by Central Government in the Gazette Notification dated November 3, 2005 as a Pension Fund eligible under sub-section (2), clause (xiv) of section 80C of Income- tax Act, 1961 for assessment year 2006-07 and subsequent assessment years.

Contribution made by individuals under UTI-Retirement Benefit Pension Fund qualifies for deduction of the whole amount paid or deposited subject to a maximum of Rs.1,00,000  under Section 80C of Income Tax Act, 1961 as provided therein (subject to prevailing tax laws)

The investment objective of the scheme is to primarily provide pension in the form of periodical income/cashflow to the members to the extent of redemption value of their holding after they attain the age of 58 years. The scheme invests minimum 60% and maximum 100% in debt and balance in equity.

Mr Amandeep Chopra is the fund manager for the debt portfolio of  UTI Retirement Benefit Pension Plan and Mr V Srivatsa is the fund manager for the equity portfolio of the scheme.

UTI Unit Linked Insurance Plan..!

UTI’s Unit Linked Insurance Plan is the first insurance linked mutual fund product in the country. It is an open-end tax saving cum insurance scheme. The investment objective of the scheme is primarily to provide returns through growth in NAV or through dividend distribution and reinvestment thereof. It is a unique product, which provides multiple benefits to its investors viz.  Life Insurance Cover without any medical examination, Accident Cover up to Rs.50,000/-, Tax benefits under Sec 80C of Income Tax Act, 1961, Easy Liquidity and Ability to time investments for payment of renewal contribution (subject to prevailing tax laws).

Mr Amandeep Chopra is the fund manager of the scheme.

About UTI Mutual Fund
 
UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are State Bank of India, Punjab National Bank, Bank of   Baroda   and Life Insurance Corporation of India. UTI Mutual Fund is one of the largest mutual funds in India with investor accounts of 9.81   million under its 88 domestic schemes / plans as on April 30, 2013


Registered Office: UTI Tower, ‘Gn’ Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051. Phone: 022-66786666.

 For Media Contact

Ms. Sailee Nayak, Account Executive
Adfactors Public Relations Pvt Ltd
City Hall, Oasis Complex,
Kamala Mills Compound, Pandurang Budhkar Marg,
Lower Parel (West), Mumbai - 400 013
Tel no: +91 22 67574444 Fax no: +91 22 67574488

Email: sailee.nayak@adfactorspr.com
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From July 1, 2013 Online Transfer, Withdrawal of Provident Fund

by Mr. Adhil Shetty, BankBazaar.com

From July 1, 2013 online transfer and withdrawal of employee’s provident fund will make the process less cumbersome and faster. How to go about it

Most people who have switched jobs, have one time or / the other, faced the hurdle of recovering their employee’s provident fund (EPF) contribution or having it transferred. Companies usually complete the exit settlement process within a month.

However, beyond submitting the paperwork on time, EPF is not in their control. Both the withdrawal &  the transfer of EPF can take months or/ , in certain circumstances, even years to complete.
 
Mr. Adhil Shetty CEO, BankBazaar.com.
 Moreover, a lack of transparency in the system leaves a person groping for answers, with none forthcoming. There are above 5 crore EPF subscribers in India currently &  the Employees’ Provident Fund Organisation (EPFO) realises the importance of initiating reforms to make the process more simplified and transparent as the number of subscribers will only grow in the future.


Online EPF transfer and withdrawal..!.

The EPFO has announced an online withdrawal & transfer provision for EPF from July 1, 2013, with the aim to settle claims faster. EPFO is currently working on setting up a central clearance house, which will be operational from July 1, 2013.

The current procedure for transfer or withdrawal of EPF involves the submission of a physical application while changing a job, which is lost in the system and can not be tracked to know the status. To make the process smoother &  efficient, EPF withdrawal and transfer will now be made online.

As per provisions of online EPF transfer and withdrawal, there will be a central clearance facility that will ensure speedy execution of transfers & withdrawals. Also, subscribers can now track the status of their application online.
 
Verification of the details of the PF account from the previous employers will be on the EPFO henceforth, unlike the current scenario where employees need to get their applications verified from the employer for claim settlement. The subscribers will be assigned a permanent EPF account number, which will be used to track their application &  process their transfer, withdrawal &  claim request.

How to Register?

The registration details have not been provided by EPFO and we can expect to get them after the launch.

To register for an online EPF account, follow these steps:
(1) Go to the EPFO’s website: www.epfindia.com;

(2) Fill in the following details: Personal

details, EPF account number, employer’s EPF code.

How to Make a Request?

Once you have registered on the EPFO website, enter your old &  new employer’s EPF code, along with other details related to your EPF account. On submitting these details, an MIS will be generated with the tracking code for locating the application status.

EPFO is also planning to assign a permanent EPF account number to all the employees by next year that will further simplify the process.

Once the account number has been assigned, the old employer will simply deposit the balance amount in the employee’s account and the employee can continue using the same account.

Verification Process..!

The greatest advantage of the online EPF transfer process is that employees need not run from pillar to post to get their application verified as the EPFO will do it directly. Once the online application is received, the request application for transfer will go to the old employer and EPFO.

The EPFO department will then verify the details &  contact the old and new employers for verification and complete the transfer.

It is expected that a strict deadline might be assigned to EPFO officials for completing the process. Also, since all your details will be available on your online account and application form, EPFO officials will only need to verify the application.

With the new upgraded system, EPFO hopes to reduce the number of withdrawal requests that people make to avoid going through the transfer hassle.

In the past, EPFO had launched many provisions and facilities to improve the EPF procedure in India, but these were either unsuccessful or delayed. Hence, if you are waiting for the online process to be set up before applying for an account transfer or withdrawal, we would advise you to wait for a month or so till the system is firmly established and a few successful transactions have been executed to avoid getting embroiled in any new complications.

Benefits of Online PF Transfer..!

** The procedure will be faster since everything will be online

** The employee can track the status at every stage

** There will be proper records of the EPF account with the subscriber as well

** Less paperwork for the EPFO employees, leading to faster execution

* *Subscribers will continue a single EPF account, which will earn them better interest on their investment

** Since the waiting period for the transfer will reduce, there will be very little loss of interest earned

About the author..!
The writer is CEO, BankBazaar.com
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Smartphones Apps May Save 22 Days of Your Time Per Year : New Study


Smartphone apps help users save 88 minutes of their time in a day or  / 22 days a year, a new study has found. Mobility,ClickSoftware, which conducted the research.

The study by market research firm Harris Interactive, based on the responses of 2,120 adults, found that 97% of smartphone owners use at least one app on their device.

On average, those smartphone users estimate app usage amounts to 88 minutes of time saved a day or  / 22 days of free time a year.

Email apps were the most frequently used apps, followed by text &  social networking apps. Additionally, smartphone users said they used apps for games, Web browsing, weather, maps or / Global Positioning System (GPS) and calendar functions, 'BusinessNewsDaily' reported.




Though email apps were the most frequently used, people saved more time using text applications than any other type of app. Text apps saved users an average of 53 minutes a day, compared with 35 minutes a day for email apps.

20% of workers who use email apps said they were extremely productive when using those apps.

 Mr Gil Bouhnick, Vice President, Mobility,ClickSoftware said, "As powerful as our survey results prove the smartphone to be, the exciting reality is today's mobile technology innovation has only scratched the surface of its potential to propel success, both in personal life & in business" 

 Smartphone users also admitted their devices were not simply for personal use. One in 5 users of GPS &  email applications said they used those apps mainly for work, while one in three said they used them equally for work & personal reasons.

Even though users are spending all that time on their smartphones, most people do not think they are getting the most out of their devices, the researchers found.

82% respondents said they are not using all the features on their smartphones.


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RUBY BUILDERS & PROMOTERS: Flat Rs. 17 Lacs Near Tambaram, Chennai...!

Name of the Promoter:  RUBY BUILDERS & PROMOTERS

Name of the Project: Ruby Residency

Location: Irumbuliyur, Chanrdran Nagar

Distance: 1.5 Km form Tambaram and Perungalathur



Pre - Booking Open
Price: Rs. 17 Lakhs onwards
Per Square Feet Rs. 3,200

Call: 3009 3009

CONTACT
RUBY BUILDERS & PROMOTERS






Ruby Tower, 240, Velachery Main Road,
Selaiyur, Chennai - 600 073.

Phone:

+91 - 44 - 22392425
+91 - 44 - 22396868
+91 - 44 - 22791111

Mobile:
90426 66444
90526 66555
+91 9841748937
+91 9841754195

Fax:

+91 44 22393828
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Madras Stock Exchange: Investors Programme on June 1, 2013

MSE (Madras Stock Exchange) Institute of Capital Markets has been decided to conduct Investors Education Programme for Beginners every first Saturday of the Month at Chennai.

MSE INSTITUTE OF CAPITAL MARKETS ofMADRAS STOCK EXCHANGE LIMITED Cordially invite you for the INVESTORS EDUCATION PROGRAMME FOR BEGINNERS


Topic:
Systematic Savings Plan

by K. Puhazhendi, Investment Analyst




Date: Saturday, June 1 2013

Time:
4.00 p.m. to 6.00 p.m.

Venue:
Exchange Building, IV Floor,
30, Second Line Beach,
Chennai-600 001

Prior registration is a must
 
Contact Details: 044 - 2522 8951, 044 - 2522 8952, 044 - 2522 8953
Email: mse.investoredu@gmail.com




Tea : 3.30 p.m.
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HUDCO REGIONAL OFFICE: PATNA. RAIPUR, RANCHI, THIRUVANANTHAPURAM ..!

Housing and Urban Development Corporation Ltd.
 HUDCO Bhawan, Core-7-A, India Habitat Centre, Lodhi Road, New Delhi - 110 003
Tel(EPABX) :011- 24649610-23, 24627113-15, 24627091, 92, 95
After Office Hours: 011-  2464 8193-95
Fax: 011- 2462 5308


PATNA
Designation/ Name
Tele.(O)
Regional Chief Shri, Subrato Saha Email: pro@hudco.org
0612 - 2234994

RAIPUR
Designation/ Name
Tele.(O)
Regional Chief Shri. V T Subramanian, Email: raipurro@hudco.org
STD Code: (0771)40019082422023

RANCHI
Designation/Name
Tel.(O)
Reginal Chief Shri Ritabrata Ghosh Fax:
0651-2411238

THIRUVANANTHAPURAM
Designation/Name
Tel.(O)
Executive Director (Projects) Shri V.Thirumavalavan Fax: Email: valavan@hudco.org
STD Code: (0471)23289912329006


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Zicom Electronic Security Systems : e-Watch..!

Zicom gets you the best in cutting edge technology with e-Watch.

A service that encompasses MAaaS (Managed Alerts as a Service).

Using the power of internet, MAaaS offers daily remote system health check across multiple locations thus eliminating the user's burden of monitoring &  managing the CCTV surveillance system.





Benefits of e-Watch..!

^^ Remote monitoring of alerts from Digital Video Recorder [DVR]

^^  Daily remote health check of systems across multiple locations.

^^ Remote viewing through web browser.

^^  Event retrieval
 

Call Toll Free Line: All Networks:
1-800-270-4567, 1-800-270-8888
SMS ZICOM to 58888


Zicom Electronic Security Systems Ltd., Chennai
Old No 34, New No 71and 73,
1st Floor, Laughingon Gardan,
First Main Road, CIT Nagar,
Nandanam, Chennai 600 - 035.


Src: http://www.zicom.com/index.php/services/e-watch
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Delhi Development Authority: Studio Flats Only in Residential Zones..!

DDA has proposed a new provision in the Master Plan 2021

Short-term, albeit affordable, housing in the capital is set to become a reality.

The Delhi Development Authority (DDA) has proposed a new provision in the Master Plan 2021 for introduction of studio apartments and service apartments.

According to the proposal, studio apartments will be allowed to come up in residential zones, while service apartments will be restricted to commercial centres.

Studio apartments & service apartments have been mushrooming in Gurgaon and Noida.But, the capital has no such provision. Economical housing has been a trend in many countries, and the demand for it is increasingly being felt in Delhi as well, said experts.




DDA says that there will be a new provision for studio apartments incorporated in the chapter of shelter (group housing), which will allow for a premises serving as a residential accommodation for individual / or family in the form of multi-purpose rooms.

A caretaker's office, retail shops, dining and other facilities will also be allowed depending on the requirement up to 10 % of the floor area. But, the provision comes with a number of checks within the residential premises: a minimum plot size of 2,000 square meter, maximum ground coverage of  33.3 %, floor area ratio (FAR) 200 and two ECS (equivalent car space) per 100 square meter built-up area.

The maximum size of the apartment should be 60 square meter of built-up area and plots should face road with a minimum width of 12 meter. A basement being used for parking, utilities and services will not be included in the FAR..

It has also been proposed that a provision for long-term (service apartments) and short-term accommodation be incorporated in the Master Plan under the chapter on trade and commerce.

Service apartments are meant to serve as long-term accommodation. For low cost short-term accommodation, a hierarchy of guesthouse, lodging &  boarding house / dharamshala / hostel has been proposed. These will be permitted while modifying existing and / or preparing schemes for commercial, industrial, public / semi-public & transport-use zones" said an official.

In commercial centres, an FAR of 150 to 225 will be allowed for service apartments.

"The idea is to introduce small, affordable houses on the lines of those in the NCR. A notice inviting feedback from the public within 45 days has been issued, and it will be processed further during the mid-term review'' said an official.
 
Real estate experts say the demand for service / or studio apartments is increasing by the day especially with an influx of working professionals, who stay in the city for many months & need affordable houses. Hotels are too costly for a long stay and people prefer service apartments.

DDA has listed 34 more proposed amendments for the Master Plan review, which cater mainly to the enhanced services for disabled people.

According to the latest figures, 25 modifications have been forwarded to the ministry of urban development for final notification and nearly 64 are being processed further.

A new chapter on transit-oriented development is being added to the MPD 2021 and the chapter on environment is being redrafted. A policy on regularization of godowns in non-conforming areas is being discussed for possible modifications.
  


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Create Aawareness : Tata Housing ties up with NSC

Average Fatal Accident Frequency Rate in Indian construction sector is 15.8 for 1,000 employees as against 0.23 in the USA.

Tata Housing on recently said it has tied up with National Safety Council of India (NSC) to create awareness about importance of following environment, health & Safety norms in real estate sector.

As per the Memorandum of Understanding (MoU), the 2 organisations will exchange technical expertise & engage in collaborative work to make environment, health and safety (EHS) a norm for the real estate industry.

Noting that construction is considered as one of the most risky industries when it comes to occupational safety, NSC Director General Mr. V. B. Sant said a recent research suggests the average Fatal Accident Frequency Rate in Indian construction sector is 15.8 for 1,000 employees as against 0.23 in the USA.

Through the MoU, two organisations aim to ensure that compliance of health, safety, security and environment regulations is on a sustained basis and not a one-time practice, he said.

Awareness will be created through training modules & educational tools at construction sites all over India.

Tata Housing CEO & MD Mr. Brotin Banerjee said, ''The company is partnering with NSC to institutionalise occupational health standards, which will help to inculcate a safety culture within the real estate industry".



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Standard Deduction of 30 % not Available on Self Occupied House..!

by Mr. Suresh Surana, RSM Astute Consulting Group Question: I own two flats in Chennai. One flat is being used for residential purposes & the other has been let out on rent. Is it necessary to incur some expenditure on repair & maintenance, etc., to claim deduction of 30 % while calculating income from house property? Answer: Section 24(a) of the Income Tax Act allows a standard deduction of 30 % of the net annual value. This deduction is automatic & does not depend on the quantum of actual expenditure incurred. This deduction is allowed even if no expenditure is incurred by the taxpayer. However, this deduction is not available for self-occupied property as the annual value in such a case is nil. About the author.. The writer Mr. Suresh Surana is founder of RSM Astute Consulting Group
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January to March 2013: House prices Up by 28.74% in Jaipur..!

Housing prices have increased marginally by an average 1.1% in 20 major cities, including Delhi & Mumbai, in Januaryto March 2013 over the previous quarter due to slowdown in demand, National Housing Bank (NHB) said on recently.

Six new cities, which were added in the Residex from the period January to March, 2013, witnessed an increase in the prices compared to the base year 2007 with maximum increase in prices in Chandigarh (94 %) followed by Meerut (91 %), Coimbatore (84 %), Dehradun (83 %), Nagpur (63 %) and Raipur (56 %).


Price increase Cities...!

1. Jaipur 28.74%

2. Bhubneshwar 14.54%

3. Pune 7.81%

4. Bhopal 6.49%

 5. Delhi 3.59%

 6. Bengaluru 2.83%

 7. Mumbai 2.31%

 8. Kochi 2.30%

 9. Faridabad 0.98%

8 Cities Shown Decline in Prices..!

Guwahati      - 7.84%

Ludhiana       - 6.71%

Surat             - 6.67 %

Kolkata          - 5.75%

 Lucknow       -   3.18%

 Hyderabad  -  2.23 %

Chennai          - 1.28%.

However, eight out of 20 cities saw a correction with residential property prices going down. The decline ranges from 0.54% in Vijayawada to 7.84% in Guwahati during the reported quarter, as compared to the previous December quarter.
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Foreign Property Ownership: Mexico Set to Change Restrictions..!

Mexico is on course to change the rules that restrict foreign buyers from buying property on coastal plots & its borders. The lower house of congress has voted to loosen the longstanding restrictions.But, change still needs to be approved by the Senate and by Mexico’s 32 state legislatures. Now, the only way foreigners can buy much sought after beachside property is through front companies as Article 27 of the Constitution prohibits non-Mexicans from directly owning land within 31 miles of the coast and 62 miles of the nation’s borders. That means buying a property through Mexican companies or / real estate trusts which then lease the property back to its foreign occupant for an annual fee. It is though that between 2000 & 2012 about 49,000 foreigners bought beachside property this way but the time involved & extensive paperwork has put off a lot of overseas buyers and there is a lot of support for change. The change would allow foreigners to buy beachside property for residential purposes. But, they would not be allowed to buy commercial property.
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HUDCO REGIONAL OFFICE: JAMMU, KOHIMA, KOLKATA, JAMMU, LUCKNOW, MUMBAI..!

 HUDCO - Housing and Urban Development Corporation Ltd.
 HUDCO Bhawan, Core-7-A, India Habitat Centre, Lodhi Road, New Delhi - 110 003
Tel(EPABX) :011-24649610-23,24627113-15,24627091,92,95
After Office Hours: 24648193-95
Fax: 011- 2462 5308
Web Site: www.hudco.org

Housing & Urban Development Corporation Ltd. (HUDCO) is a public sector company fully owned by Govt. of India for financing of housing and urban infrastructure activities in India.


Designation/Name
Tel.(O)
Regional Chief Shri. Harjit Kumar
STD Code: (0191) 2474356

KOHIMA
Designation/Name
Tel.(O)
Regional Chief Shri. L M Yanthan Fax: Email: khro@hudco.org
STD Code: (0370) 229114522911462291144

KOLKATA
Designation/Name
Tel.(O)
Regional Chief Shri. Arun Kumar Fax:
STD Code: (033) 22526140 22520774

LUCKNOW
Designation/Name
Tel.(O)
Executive Director (Finance) Shri K K Gupta Fax: Email: kkgupta@hudco.org
0522- 27208340522-2720804
Deputy General Manager (Finance) Shri Rahul Ji Srivastava Fax:

MUMBAI
Designation/Name
Tel.(O)
Regional Chief Shri Rajesh Sharma Fax: Email:
STD Code: (022)2269008522690086
Deputy Geanaral Manager (Finance) Shri K G R Pillay Email: rpillai@hudco.org
26591957


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