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
July 1,2020

Jul 1: Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal.

Local gold futures hit an all-time high of Rs 48,871 ($646.66) per 10 grams in early trade, taking their gains to 25% in 2020 so far. The contract had gained nearly 25% in 2019.

However, this dampened the retail demand for gold in India, the world's second-largest consumer of the precious metal.

"Retail demand is negligible. Buyers are postponing purchases anticipating a correction in prices," said a Mumbai-based bank dealer with a bullion importing bank.

In thin trade, dealers were offering a discount of up to $22 an ounce over official domestic prices on Wednesday afternoon, up from the last week's $18. The domestic price includes a 12.5% import tax and 3% sales tax.

The country's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus.

In overseas market, spot gold firmed near an eight-year peak on Wednesday, as a spike in coronavirus cases in the United and States and many other countries has cast a shadow on hopes for a quicker global economic recovery, driving inflows into safe-haven assets.

According to a latest Reuters tally, the coronavirus has infected more than 10.48 million people worldwide so far.

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Agencies
June 9,2020

Srinagar, Jun 9: Suspended Jammu and Kashmir DSP Davinder Singh, who was nabbed while ferrying two Hizbul Mujahideen terrorists on the Srinagar-Jammu Highway, moved a Delhi court on Tuesday seeking interim bail.

Besides Singh, two other accused -- Syed Naveed Mushtaq and Imran Shafi Mir -- have also sought bail. The Special Cell of the Delhi Police is probing their role in the alleged planning of a terror attack.

The trio has sought bail asserting that there is no evidence to show that there was any conspiracy to commit an act that would threaten the sovereignty of the country. The court has listed the matter for hearing on Wednesday.

"The accused are wrongly and falsely implicated in the case. There is also no material to substantiate that the accused had the intention or conspired to carry out a terror strike," the plea stated.

Singh is currently under judicial custody at the Hira Nagar Jail in J&K till June 16. Besides Singh, three other accused -- Javed Iqbal, Syed Naveed Mushtaq and Imran Shafi Mir -- are also under custody.

Delhi Police's Special Cell had brought him from Hira Nagar Jail to the national capital in March for interrogation in another case.

The police had earlier told the court that Mushtaq, who was the commander of Hizbul Mujahiddeen in Shopian district, along with other militants were planning to execute a terror attack in Delhi and other parts of the country and targeted killings of protected persons.

In connection with this, the Delhi Police had filed an FIR which stated that the youth of Jammu and Kashmir and Punjab are being trained for carrying out terrorist activities. Singh was taken into custody under this FIR and was also interrogated regarding the Khalistan angle.

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News Network
May 11,2020

New Delhi, May 11: Shares of Indian Railway Catering And Tourism Corporation (IRCTC) jumped 5 per cent in early trade on Monday after the Indian Railways said it will gradually resume passenger train services from May 12.

The company's shares gained 5 per cent to Rs 1,302.85 -- its highest trading permissible limit for the day -- on the BSE. At the National Stock Exchange (NSE), it rose 5 per cent to Rs 1,303.55 -- its upper circuit limit.

Booking for reservation in these trains will start at 4pm on May 11 and will be available only on the IRCTC website.

The Indian Railways will gradually resume passenger train services from May 12 and will ask passengers to arrive at the station at least an hour before departure, the national transporter said on Sunday.

Initially, the all air-conditioned services will begin on 15 Rajdhani routes and the fare would be equivalent to that of the super-fast train, it said.

The special trains will run from New Delhi to Dibrugarh, Agartala, Howrah, Patna, Bilaspur, Ranchi, Bhubaneswar, Secunderabad, Bengaluru, Chennai, Thiruvananthapuram, Madgaon, Mumbai Central, Ahmedabad and Jammu Tawi.

All passenger services were suspended due to a lockdown announced on March 25 and the railways later started the on-demand Shramik Specials to ferry migrants stranded across the country. It, however, has been running freight and parcel services.

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