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‘Deshbhakti’ curriculum to build true patriots: AAP

February 5, 2020 - by IANS

New Delhi: It was on the eve of the Independence Day in 2019 when Delhi Chief Minister Arvind Kejriwal had first announced that his government would launch a new “Deshbhakti” (patriotism) …

International / News Update

‘UN committed to resolve Israeli-Palestinian conflict’

February 5, 2020 - by IANS

United Nations : UN Secretary-General Antonio Guterres said that the world body is committed to its established position of a two-state solution with regard to the Israeli-Palestinian conflict. “The United Nations …

National / News Update

Seven killed, 40 hurt in Assam bus accidents

February 4, 2020 - by IANS

Guwahati, At least seven people were killed and 40 others were injured in two separate bus accidents in Assam’s Goalpara district on Tuesday, the police and the Army said. According …

National / News Update

Anurag Kashyap stands with Karma, refuses to fly IndiGo

February 4, 2020February 4, 2020 - by IANS

Mumbai: Filmmaker Anurag Kashyap has lent support to comedian Kunal Kamra by not flying in IndiGo Airlines. He chose Vistara instead. “No @IndiGo6E.. on @airvistara .. in solidarity with @kunalkamra88,” Kashyap …

Pompeo urges HK to reverse decision to suspend polls

International / News Update

Pompeo urges Taliban to show clear commitment to peace

February 4, 2020February 4, 2020 - by IANS

Tashkent: US Secretary of State Mike Pompeo, who was in Uzbekistan as part of his ongoing foreign tour, has urged the Taliban to show clear signs that they were committed to …

Movie Reviews / News Update

Disha, Aditya on retaining moral compass while playing killers in ‘Malang’

February 3, 2020 - by IANS

Mumbai: In their upcoming release “Malang”, Disha Patani and Aditya Roy Kapur essay characters that are in a quite dark space, with both justifying the act of killing. According to the …

National / News Update

13 Delhi-bound trains delayed due to fog

February 3, 2020 - by IANS

New Delhi: At least 13 Delhi-bound trains were delayed by up to 4 hours due to fog in several parts of northern india, officials said on Monday. According to northern railway …

Health / Special

If music is the food of life let it play on!

February 2, 2020 - by IANS

New Delhi: If youre a festival junkie and music is your raison d’etre we have tailor-made a calendar to suit your lifestyle. Booking.com, one of the global leaders in connecting …

National / News Update

Madhya Pradesh CM Kamal Nath trashes Budget 2020

February 1, 2020 - by IANS

Bhopal: Reactions to Saturdays Union Budget were on expected lines in Bhopal with Madhya Pradesh Chief Minister Kamal Nath terming it “disappointing” and “a labyrinth of data” with the Union Finance …

New Delhi, Feb 1 (IANS) In a bid to increase demand in the realty market, Union Finance Minister Nirmala Sitharaman on Saturday announced a proposal to extend additional deductions of up to Rs 1.5 lakh for the interest paid on loans for purchase of affordable houses, up to March 2021. The deductions so far were allowed on housing loans sanctioned on or before March 31, 2020. "For realisation of the goal of 'housing for all' and affordable housing, in the last budget I had announced an additional deduction of up to Rs 1.50 lakh for interest paid on loans taken for the purchase of an affordable house. In order to ensure that more persons avail of this benefit and to further incentivise the affordable housing, I propose to extend the date of loan sanction for availing this additional deduction by one more year," Sitharaman said. Further, in order to boost the supply of affordable houses in the country, the Budget proposed a tax holiday on profits earned by developers of affordable housing projects approved by March 31, 2020. She also announced concession to real estate transactions. Currently, while taxing income from capital gains, business profits and other sources in respect of transactions in real estate, if the consideration value is less than the circle rate by more than 5 per cent, the difference is counted as income both in the hands of the purchaser and seller. "In order to minimise hardships in real estate transactions and provide relief to the sector, I propose to increase the limit of 5 per cent to 10 per cent," the Minister said. These announcements were, however, not adequate to raise the sentiment in the realty market. Niranjan Hiranandani, President, National Real Estate Development Council (NAREDCO) said: "Marathon Budget 2020 has set the tone in a positive direction but failed to announce the much-awaited economic stimulus to kick-off the 5 trillion dollars economy. It subsequently has incremental allocation inadequacies with overemphasis on fiscal prudence and inflation target." "The labour-intensive real estate sector -- which had pegged hope on additional liquidity infusion, tax reforms and rental housing -- was overlooked in the Budget. Any fiscal measure in the sluggish real estate sector could have provided a fillip. Wherein, tax benefits extended to both home buyers and developers in affordable housing sector will encourage more launches in this segment," Hiranandani said. Rahul Grover, CEO of SECCPL, however, said that the Budget revealed the government's intentions towards bettering the infrastructure. "The real estate sector can expect an array of opportunities to explore different projects, both residential and commercial, and the tax benefits being offered on the affordable housing initiatives are a positive indication of the year to follow," he added.

National / News Update

Tax deduction on affordable housing loans extended by one year

February 1, 2020 - by IANS

New Delhi: In a bid to increase demand in the realty market, Union Finance Minister Nirmala Sitharaman on Saturday announced a proposal to extend additional deductions of up to Rs 1.5 …