GURGAON: In what could set the alarm bells ringing, files are going missing from the office of the registrar of cooperative societies (RCS) frequently in recent months. One of the office clerks, Ishwar Singh, has lodged a complaint with the assistant and deputy registrars that the receipt and dispatch register of assistant registrar has been missing since December 25. Other employees also told TOI that important documents had been missing from the office that deals with group housing societies in Gurgaon. A member of the staff of the assistant registrar’s office said that this key post has been lying vacant for past several months and documents, files and other important
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GURGAON: The Lokayukta has asked the town and country planning department and HUDA officials to appear on January 30 in the Chandigarh office of the Lokayukta and present their version on a Rs 1,70,000 crore scam. The Lokayukta’s action has been taken on the complaint of the Progressive Gurgaon Forum which alleges that the department has been involved in a fraud amounting to more than Rs 1,70,000 crore on the name of development. The Lokayukta has sent the notice to D P S Nangal, HUDA Chief Administrator; T C Gupta, director of Town and Country Planning; B B L Kaushik, Chief Town Planner; V K Gupta, Chief Engineer; R K
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Coimbatore: The city will witness a massive congregation of world’s construction industries’ best brains between February 17 and 20 as sixth edition of Build Intec 2012, an international construction exposition, is schedules to be held at the Codissia Trade Fair Complex. Expected to draw more than 8000 visitors and showcase new and efficient constructive ideas, the thrust area of Build Intec 2012 would be ‘Green Building Concept’ said its Chairman, S Manivasakam. Being hosted by Coimbatore District Small Industries Association (CCODISSIA), around 200 exhibitors from Maharashtra, Tamil Nadu, Andhra Pradesh, Haryana, Kerala and Delhi and representations from the US and China are expected to participate in the expo. Building materials
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NEW DELHI: Welcoming the government’s decision to allow 100 per cent foreign direct investment in single-brand retail, India’s small and medium enterprises (SMEs) say the mandatory 30 percent sourcing from micro and small industries will help them achieve higher growth. A Confederation of Indian Industry (CII) survey found that the SME industry, by and large, supported 100 per cent FDI in single-brand retail. “The government’s decision of mandatory sourcing of a minimum of 30 per cent from Indian micro and small industry will help SMEs to achieve higher growth in sales, size of the industry, capacity addition, increased orders, qualitative improvements and branding of the products, technology upgradation, employment etc,”
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Funding woes to continue for the real estate sector: Care Ratings report MUMBAI: Funding woes for the real estate sector is likely to continue, due to dwindling alternate sources of funding and delays in project implementation, said a report released by Care Ratings “The credit outlook for the industry remains negative until the cash flows are streamlined.” the report said. The sector has been ridden with problems like slowing demand which is on dual grounds of rising EMI on rising interest rates and high level of inflation and the problem of delay in project implementation is also not helping. The construction costs have also gone up as the prices of
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Small and medium enterprises (SMEs) support 100 per cent foreign direct investment (FDI) in single-brand retail and speedier implementation of 51 per cent FDI in multi-brand retail, says a survey by Confederation of Indian Industry (CII). According to the survey, 52 per cent respondents hope for early implementation of the FDI in multi-brand retail with the required notification. Nearly 66.7 per cent see entry of MNC retailers as an opportunity, while around 21 per cent perceive it as a threat. Over 56 per cent of respondents are of the view that the Government’s decision of mandatory sourcing a minimum of 30 per cent from Indian micro and small industry will
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Suspension of FDI in retail just a pause: Sharma to global CEOs India today assured global CEOs that its reforms agenda is well on course and the decision to put on hold FDI in multi-brand retail is “just a pause”, forced by compulsions of coalition politics. A firm assurance in this regard was given by Commerce and Industry Minister Anand Sharma when he met top management functionaries of global retail chains Walmart and the Metro Group on the sidelines of the World Economic Forum meeting here. This is for the first time that senior management of the two retailers met any minister after Indian government suspended the controversial decision to
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MUMBAI: Homes sales in Mumbai slipped over 30% in the quarter ended December from a year ago, making it the lowest in three years, says Liases Foras Real Estate Rating & Research. In this period, home prices have gone up 25% and interest rates too have headed north. “High prices are keeping buyers away in Mumbai. Weighted average prices have shot up 30% from the previous peak of Rs 8,100 per sq ft in June 2008, while it has moved up 97% from the bottom of Rs 5,353 a sq ft in June 2009,” said Pankaj Kapoor, managing director of Liases Foras. The market saw sale of only eight million
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Investment in real estate has seen a change in investors’ mindset. Apart from owning a house, people are increasingly looking to buy a second property to earn some investment income out of the property. And, when it comes to buying a house purely from an investment point, choosing the right city or location becomes most important. “The focus should be on properties that have potential for assured rental yields and capital appreciation. This includes residential projects close to workplaces and industrial hubs,” says Om Ahuja, CEO – Residential Services, Jones Lang LaSalle India. METROS MUMBAI: Mumbai seems like a promising city even though it showed subdued demand for housing in
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Want to receive WordPress.com notifications instantly, even when you’re not on WordPress.com? Add the new WordPress.com extension for Chrome and as soon as you get a new follower or a new like on one of your posts, a notification will appear in your browser: Simply click the icon to view your latest WordPress.com notifications: Start following new blogs without visiting WordPress.com The Chrome extension also makes it easy to follow sites from your WordPress.com account by displaying a Follow button whenever you’re browsing a site that has an RSS feed. Clicking the Follow button will add new posts from the website to your reader , and send you an email each time an update is published. (You can change your default email settings if you like.) When you visit a WordPress.com site, you’ll notice that the extension icon will turn blue, but keep in mind that you can follow blogs on Blogger, Tumblr, and other services, too. Quickly post cool stuff you find while browsing the web Press This is a lightning-fast way to publish content on your blog without ever visiting WordPress.com. Click the WordPress.com extension, then select Press This whenever you find something on the web that you’d like to share on your blog, and a pop-up editor will appear: Select the blog you’d like to post to, then hit publish to share a link to the site. Your blog will be updated, and you can continue browsing the web from wherever you left off. If you’d like to publish an excerpt of text along with the link to the site, simply highlight the material with your cursor before clicking Press This : And it will appear in the editor for you to publish along with the link: We hope this makes it easier for you to share cool stuff on your blog quickly! If there’s anything you’d like to see in future versions of the extension, be sure to let us know.
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