Will Maharashtra CM Eknath Shinde reduce stamp duty on property?
Developers have made a demand to the Maharashtra government to provide either a complete or partial waiver in stamp duty payment to boost sales of real estate in the state.
This specific demand was made on Sunday to Chief Minister Eknath Shinde at National Real Estate Development Council (NAREDCO) organised property exhibition in Mumbai.
Those batting for concession were Shinde camp’s MLA-cum-builder Pratap Sarnaik, Raunak Group’s Chairman and NAREDCO’s Vice President (West) Rajan Bandekar among others.
Providing the rationale for the demand, they referred to the rising home loan interest rate. The latest of which was done last week by the Reserve Bank of India when half a percentage was hiked. Since May, the RBI has increased the interest rate by 190 basis points or 1.90% in four monetary policy announcements.
Here’s how BMC is progressing in its drive against banned plastic
The BMC’s drive against banned plastic has slowed down in the last month. So, the action planned on caterers, gatherings etc in phase 2 has now been delayed. In the last three months since the drive started a civic team has only focused on shops and dealers.
The BMC revived the drive against banned plastic on July 1. Civic teams of markets, shops and establishment and license departments are frequently inspecting malls, supermarkets and shops.
In the second phase, the civic body decided to focus on gatherings where there are more chances of plastic being used. This drive was decided to take off from August 15. Instead, it is slowing down in the festive season said the civic sources.
“We had planned to start action on gatherings, caterers and even on hotels in the second phase. But our team also has to work on the process of loans to hawkers given under the PM SVAnidhi scheme which has to be completed on priority. So presently we are only taking action on violators in shops”, said a civic official.