Rahul attacks govt on real estate bill, calls it pro-builders

May 2, 2015

New Delhi, May 2: Firing yet another salvo at Narendra Modi government, Rahul Gandhi today claimed it had diluted provisions of Real Estate Regulatory Authority Bill making the legislation pro-builders from being pro-buyers.rahul gandhi

After meeting several NCR flat buyers today, the Congress Vice President, who has been attacking the Centre over land bill issue and the plight of farmers, said that he had learnt that it is not just farmers and tribals but also the middle class people that are "suppressed" on matters related to land.

Assuring homebuyers that he would stand by them, Gandhi said that it was due to lack of transparency, the buyers were left in a quandary.

"They are told that you will get the flat on a particular day but for years they don't get the flat. They are told the super duper area of the flat would be so much but what is delivered is different," he said.

He said that someone was promised that the flat will have a good view, but a few months after the flat was delivered, another building came up and the view was blocked.

He said the government was trying to destroy the Bill which Congress led UPA had brought to regulate the real estate sector.

"Main dilution is that there was clear transparency. The carpet area that you sign is what would be given. They have diluted and from pro-buyer, made it pro-builder," he said.

Attacking the government, he said, "What it is doing against farmers and tribals, it is also doing against the middle class".

"I have assured them that the way I stand with farmers and tribals I stand with them also," he told reporters.

Saloni Paroothi, one of the home buyers who had met Gandhi, said that she had booked a flat in Noida but the possession was now delayed by several years. Explaining her problem, Paroothi said that she not only had to ensure payment of EMI, but also the rent of the house where she was living.

"The builder is neither paying any penalty, nor is he listening to us," she said. Other people who also had booked flats said that they were under tremendous pressure as they had put in their hard earned money in projects which were delayed for several years.

Former Housing and Urban Poverty Alleviation (HUPA) minister and Congress leader Ajay Maken also attacked the BJP- led NDA government saying it had made "118 amendments" to the Real Estate Regulatory Authority Bill which had been brought by the earlier government.

He said the intention of the Bill was to protect and support the buyers but the government had overturned it entirely through these amendments.

Maken said that terms like carpet area were defined as 'net usable area' excluding walls to ensure buyers' interest but this has been amended. He claimed another provision related to delays had been amended to suit builders.

He said that as per the earlier Bill, builders could not make changes in the plan but now it has been added that "minor alterations" are permissible, while the term itself has not been defined leading to confusion.

Maken said the UPA had brought the bill in Rajya Sabha so that it does not lapse and Rahul Gandhi has now assured the buyers that he would fight for their cause.

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News Network
April 19,2020

New Delhi, Apr 19: The government on Sunday prohibited the sale of non-essential items through e-commerce platforms during the ongoing lockdown, four days after allowing such companies to sale mobile phones, refrigerators and ready-made garments.

Union Home Secretary Ajay Bhalla issued an order excluding the non-essential items from sale by the e-commerce companies from the consolidated revised guidelines, which listed the exemption given to the services and people from the purview of the lockdown.

The order said the following clause "E-commerce companies. Vehicles used by e-commerce operators will be allowed to ply with necessary permissions" is excluded from the guidelines.

The previous order had said such items were allowed for sale through e-commerce platforms from April 20.

However, the reason for reversing the order is not known immediately.

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News Network
May 22,2020

New Delhi, May 22: Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis.

In March, the central bank had allowed a three-month moratorium on payment of all term loans due between March 1, 2020, and May 31, 2020.

Accordingly, the repayment schedule and all subsequent due dates, as also the tenor for such loans, were shifted across the board by three months.

As a result of this moratorium, individuals’ EMI repayments of loans taken were not deducted from their bank accounts, providing much-needed liquidity.

The EMI payments will restart only once the moratorium time period expires on August 31.

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News Network
May 13,2020

New Delhi, May 13: Vice President M. Venkaiah Naidu on Wednesday said that Prime Minister Narendra Modi's announcement of Rs 20 lakh crore stimulus package "will go a long way in overcoming challenges" posed by the COVID-19 pandemic.

"Welcome the Rs. 20 lakh crore stimulus package announced by the Prime Minister, Shri Narendra Bhai Modi Ji to revive economy, boost efficiency of various sectors through reforms & make India self reliant and resilient. #AtmaNirbharBharatAbhiyan," the Vice President tweeted.

Calling the reforms as the "need of the hour", he further said: "Bold reforms are the need of the hour to realize the dream of #AtmanirbharBharat."

Expressing confidence in the five-pillar approach, he said that it would help promote local industries "while making India face global competition effectively".

"I am confident that a focused approach on the five pillars- Economy, Infrastructure, Technology driven System, Vibrant Demography & Demand--will promote local industries led growth while making India face global competition effectively. #AtmaNirbharBharatAbhiyan," he said.

"I am certain this timely economic package will go long way in overcoming challenges posed by the unprecedented COVID-19 pandemic. #AtmaNirbharBharatAbhiyan #IndiaFightsCorona," he wrote on the micro-blogging site.

The Prime Minister had on Tuesday announced Rs 20 lakh crore special economic package for the country to become 'self-reliant' and deal with COVID-19.

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