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 3,2020

Kanpur,  Jul 3: A total of eight police personnel including Deputy Superintendent of Police Devendra Mishra have lost their lives after they were fired upon by criminals in the early hours of Friday.

The incident took place when a police team had gone to raid history-sheeter Vikas Dubey's house.

Senior Superintendent of Police and Inspector General of Police have reached the spot and forensics team is examining the area.

State Chief Minister Yogi Adityanath has expressed his condolence to the families of the eight Police personnel who lost their lives after being fired upon by criminals in Kanpur. He has directed Director General of Police HC Awasthi to take strict action against criminals. He also sought a report of the incident. 

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News Network
June 5,2020

New Delhi, Jun 5: On World Environment Day, Prime Minister Narendra Modi on Friday urged citizens to ensure that the flora and fauna thrive and take a pledge to preserve our planet's rich biodiversity.

"On #WorldEnvironmentDay, we reiterate our pledge to preserve our planet's rich biodiversity. Let us collectively do whatever possible to ensure the flora and fauna with whom we share the Earth thrive. May we leave an even better planet for the coming generations," the Prime Minister tweeted.

He also shared a clip from his last 'Mann Ki Baat' programme where he mentioned about conservation of rainwater and protecting the rich diversity of nature.

"On June 5, the entire world will celebrate 'World Environment Day'. The theme for this year's 'World Environment Day' is bio-diversity. This theme is especially pertinent in the current circumstances. During lockdown in the last few weeks the pace of life may have slowed down a bit but it has also given us an opportunity to introspect upon the rich diversity of nature or biodiversity around us," the Prime Minister had said.

"Much of the avian fauna had sort of disappeared due to sound and air pollution, and now after years people can once again listen to their melodic chirping in their homes," he said.

The Prime Minister also said that water conservation, in particular the conservation of rainwater, is essential and exhorted everyone to strive for saving rainwater in the upcoming monsoons.

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Agencies
July 24,2020

Mumbai, Jul 24: Reliance India Limited (RIL) on Friday overtook ExxonMobil to become the world's second most valuable energy company and 46th among the world's largest companies by market capitalisation.

RIL's market capitalisation stood at Rs 14.16 lakh crore (USD 189.3 billion) at market close on Friday. ExxonMobil's current market value is USD 184.77 billion.

"Reliance Industries, with a market capitalisation of USD 189.3 billion now is the second-most valuable energy company in the world. Reliance Industries now stands at 46th among the world's largest companies by market capitalisation ahead of well-known names like ExxonMobil, Abbott Laboratories, Oracle Corp, Chevron and Unilever Plc, and just below PepsiCo," RIL said in an official release.

RIL continued its rally on Friday, notwithstanding overall weak market conditions.

RIL shares made a new all-time high of Rs 2,163 and were last traded at Rs 2,148.8 on NSE with a gain of 4.4 per cent. The market capitalisation of fully paid-up shares stands at Rs 13.62 lakh crore (USD 182.06 billion), the release said.

Reliance partly paid-up shares gained 9.33 per cent on NSE today to last trade at Rs 1289.95. The partly paid-up shares now have a market capitalisation of Rs 0.55 lakh crore (USD 7.29 billion).

"Reliance's share price had touched a bottom of Rs 867 on March 23, 2020, when the total market value of the company stood at Rs 5.5 lakh crore or $73.5 billion. Thus, RIL has added $115.9 billion to shareholder wealth within just four months - one of the highest value creation feats in the world in such a short time," the release said.

Reliance had earlier raised Rs 212,809 crore through Rights Issue, combined investments in Jio Platforms and investment by bp.

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