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Smart cities project will be a long-term plan

Smart cities project will be a long-term plan
The smart cities project is a long-term plan and expecting results overnight will be immature, Union Urban Development Minister M. Venkaiah Naidu said here on Friday. He indicated a larger, dominant role for the States in the project with the Centre playing only a supporting role. Naidu said that contrary to popular perception, the project [...] Continue Reading »

Rise of price in quality wood

Rise of price in quality wood
Forestry Innovation Investment, a Government-funded agency of British Columbia, sees immense opportunity for sale of high quality forest wood in India for home and commercial applications. As a body that works collaboratively with industry trade associations and other levels of government including Government of Canada, FII seeks to promote its wide variety of forest wood [...] Continue Reading »

Unsold inventory of the realtors to be taxed: IT department’s proposal

Unsold inventory of the realtors to be taxed: IT department’s proposal
It is speculated that the revenue department will ask the builders to pay taxes on their unsold stock of ready houses as per a proposal that is under consideration. If that happens then the housing prices are expected to fall as the developers will try to sell off their properties and reduce their inventories. The income [...] Continue Reading »

BDA planning on green zones

BDA planning on green zones
The Bhubaneswar Development Authority (BDA) has constituted a technical committee on planning of land use pattern such as commercial, residential and green zone in the city. The panel, headed by BDA planning member Pitabasa Sahoo, will find out deviations in land use pattern between comprehensive development plan (CDP) and 14 zonal development plans (ZDPs) for [...] Continue Reading »

Prices of real estate is expected to surge

Prices of real estate is expected to surge
A senior executive of an industry chamber expressed his concerns over the issues and told the slightly shocked audience that the property prices will rise in the next few days. Hence his suggestion to everyone was to buy apartments now before the price hike. There are a lot of speculations behind the reasons which may fuel [...] Continue Reading »

States demand radical changes in the land acquisition law

States demand radical changes in the land acquisition law
The land acquisition laws proposed just six months back by the UPA government are blamed for stalling billions of dollars’ worth of roads, railways, ports and power installations. States are eager to kick-start major infrastructure projects have proposed radical changes to the bill to the Minister of Road Transport and Highways, Nitin Gadkari. Several states want [...] Continue Reading »

MUDA to employ PPP plan to benefit house-seekers

MUDA to employ PPP plan to benefit house-seekers
Mangalore Urban Development Authority (MUDA), in a first since its constitution in 1988, is considering construction of residential apartments in its jurisdiction, through a government-private partnership. MUDA will begin the project, once site owners acknowledge their willingness. The project will encompass all requirements, with necessary peripheral infrastructure, including roads, parks, and drainage, among others. Each [...] Continue Reading »

Cement manufacturers urge Railway Ministry to withdraw 6.5% rail freight hike

Cement manufacturers urge Railway Ministry to withdraw 6.5% rail freight hike
The Railway Ministry has received a request from the Cement Manufacturers Association to rollback the 6.5 percent increase in rail freight charges to curtail infrastructure development costs. Seeking the withdrawal of the railway freight increase, the cement manufacturers put forth the argument that the hike in freight will further discourage the movement of cement, clinker [...] Continue Reading »

3 hospital cum medical colleges to be established by West Bengal government

3 hospital cum medical colleges to be established by West Bengal government
There are three hospitals-cum medical colleges about to be established in the mode of PPP by the government of West Bengal. Malay De who happens to be the Principal Secretary of the State Health Department mentioned during a meeting on Saturday has mentioned recently that the Camelia group shall be given two projects as a [...] Continue Reading »

Top Executives decline offers from MNCs and move towards the Indian Conglomerates

Top Executives decline offers from MNCs and move towards the Indian Conglomerates
Bagging a job in MNC was the prime ambition of the youth of India Inc. a few years back. However the top brass is proceeding towards the Indian Players in spite of their lack of professionalism as they are fed up of the MNC practices which are highly bureaucratic in nature. The parent company holds [...] Continue Reading »



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