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economy
Maharashtra: Panel to keep check on government sops for self-redevelopment schemes

MUMBAI: A seven-member committee headed by the state housing secretary will oversee the implementation of concessions promised by the government for self-redevelopment of housing societies. Senior bureaucrats of the revenue and urban development departments are members of the committee, along with two experts from the housing industry. In self-redevelopment, the members of a housing society…

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economy
Resolutions of both Binani and Essar were within rules: IBBI

The Insolvency and Bankruptcy Board of India (IBBI) has said that it did not find any contradiction in approvals of resolution for Essar Steel and Binani Cement in the context of “value maximisation”.The Ahmedabad bench of National Company Law Tribunal (NLCT) has approved the ArcelorMittal’s Rs 42,000 crore resolution plan, rejecting the Ruias settlement offer…

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economy
Haryana notifies rules for fourth floor addition

CHANDIGARH: It’s official now. Haryana’s department of town and country planning has issued guidelines on registration of fourth floor in the Haryana urban development authority (now HSVP) and licensed colonies across the state. As of now, building plans can be approved with fourth floor as an independent dwelling unit, but the fourth floor itself could…

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economy
Mumbai: Government waives property tax on houses up to 500 sq ft

MUMBAI: The Maharashtra cabinet has approved a property tax waiver for houses in Mumbai with carpet area upto Rs 500 sqft. The waiver will be applicable from January 1, 2019.The proposal was Shiv Sena’s election promise before the 2017 civic elections. The Brihanmumbai Municipal Corporation (BMC) had cleared the proposal for the waiver in July…

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