Sunday, January 14, 2018

Should #CJI #DipakMisra resign form his post following the press meet by four Sr. #SCJudges

Thursday, January 11, 2018

Poor demand due to note ban, GST, RERA pushes housing prices down across India @KnightFrank_IN

The Knight Frank report released Wednesday said property prices in Indian cities have reduced. It said Pune saw a 7 per cent drop, while developers in Bengaluru and the National Capital Region cut prices by 5 per cent and 2 per cent, respectively.

Speaking about the findings,  Shantanu Mazumder, Senior Branch Director – Bengaluru said, “Bengaluru’s residential market has been impacted by a variety of factors impacting both demand and supply. Residential sales have witnessed a 34% YoY decline in H2 2017 over H2 2016. On the launches front, though the declining trend began since 2014, the rate of decline was never as marked as in 2017 as the new supply nosedived by a mammoth 71% from the peak witnessed in 2013. North and South zones have witnessed maximum curtailment of new launches registering a YoY decline of 66% and 52%, respectively, in H2 2017, as developers put new project launches on the backburner whilst they prioritised RERA compliance. On a YoY basis too, overall city launches declined by 37% in H2 2017. Competitive pricing coupled with a sharp decline in new launches in 2017 has worked in the favour of Bengaluru developers; as a result, the unsold inventory has gradually declined by 10% YoY in H2 2017. In terms of micro-markets Sarjapur Road, Kanakpura Road, Thanisandra and Devanahalli have been the buyers’ choice; however, with the metro construction in full swing, Whitefield too has picked up pace.
According to Samantak Das, chief economist and national director at Knight Frank,  5 per cent drop in prices effectively translates to a total cost benefit of 11 per cent to 12 per cent for home buyers in Mumbai.

“Apart from the base price reduction, which developers have been forced to undertake in order to prioritise offloading inventory level, a bouquet of incentives such as waivers, free of charge floor rise and assured rental schemes, which are available a dime a dozen in the market lends significantly to the price advantage,” said Das.

Wednesday, January 10, 2018

100% FDI under automatic route for Single Brand Retail Trading means Death nail for neighborhood mom and pop stores?

Saturday, November 25, 2017

Why #Modi Ji changed #Rafale contract ? @OfficeOfRG

The joint venture, Dassault Reliance Aerospace Ltd, in which the French company holds a 49% stake, will make components for the Legacy Falcon 2000 Series of civil aircraft and be part of its global supply chain, the firm said in a statement. Production will begin from 2018.

The Reliance Group will make a similar investment in the joint venture, said Eric Trappier, chairman of Dassault Aviation. He was talking to reporters on the sidelines of an event to lay the foundation stone for Dhirubhai Ambani Aerospace Park, the joint venture’s manufacturing facility in Nagpur.

The joint venture’s production comes under the offset clause of the Rafale fighter jets deal signed by India and France last year. Under that agreement, France sold 36 Rafale jets to India for Rs59,000 crore; in return, French companies involved in the manufacture of the aircraft have to invest 50% of the amount in India’s defence manufacturing ecosystem and making components locally.

The joint venture has the maintenance contract for the 36 Rafale jets that have been ordered from France for 50 years, said Ambani. He said the JV will focus on both defence and commercial aircraft. 

Sunday, November 19, 2017

Trump administration is adding new hurdles for #H-1B visa applicants ‏

The legislation approved today by the Judiciary Committee include the following:-
Updates wage requirements to better align with local market averages. The legislation replaces both the $60,000 wage exemption and the advanced degree exemption in favor of a new formula that is equal to the lesser of $135,000 or the mean wage for applicants’ occupation in their area (but subject to a floor of no less than $90,000). The bill would also require the wage levels in this formula to be indexed for inflation over time.
Increases accountability for H-1B employers. H-1B dependent employers currently need to merely "attest" that they've taken good faith effort to recruit U.S. workers before seeking an H-1B visa for the open position. Under the new legislation, H-1B employers would be required to submit detailed a recruitment report summarizing the steps they have taken to recruit U.S. workers; the number of U.S. workers who applied for the job; the number of such workers who were offered the job, whether the workers accepted the offer, and for each worker who was not offered the job, the reason why the job was not offered.
Bolsters transparency of the program. The legislation would require the Secretaries of Labor and Homeland Security to annually publish a report on the use of the H-1B program including lists of H-1B dependent employers, occupations, wages, worksites and the status of any on-going or completed investigations into misuse of H-1B programs.
Improves oversight of H-1B dependent employers. The legislation authorizes the Department of Labor to conduct periodic investigations of H-1B dependent employers and requires the Department of Labor to review at least five percent of such employers annually. It also ensures that current H-1B penalties, including fines and debarment from the H-1B program, can be levied against any H-1B dependent employer that uses the program to displace American workers.

#InternationalMensDay : Why India needs gender-neutral laws?

Out of the 48 countries in Asia, only four countries, Bhutan, Kazakhstan, Kyrgyzstan and South Korea and almost all of Europe and North America, have gender-neutral laws. In India, while sexual crimes against minors are covered under the POCSO Act, 2012, male adults have no such recourse to legal aid except to Section 377 of the Indian Penal Code which, too, is, arguably, vague. There is also widespread criticism that women-centric legislations, like the  Dowry Prohibition Act, Domestic Violence Act and Sexual Harassment of Women at Workplace Act are rampantly misused.

Anti-dowry laws like 498A in India are frequently being misused to harass and extort husbands, and attributed this to the high suicide rate among married men in India, which is almost twice that of women.Divorce and child custody laws are biased against men. The frequency of domestic violence against men has increased in recent years, and that many cases go unreported as men feel too ashamed to report abuse, or fear false accusations against them in reprisal. Some men's rights activists also consider rape reporting laws and sexual harassment laws in India to be unfair to men.
In July 2005, the Supreme Court admitted that in many instances complaints under the Section 498a of the Indian Penal Code are not bona fide and have oblique motives. The court added that acquittal in such cases doesn't erase the suffering the defendant has to go through, which is compounded by adverse media coverage. The court also directed the legislature to find ways to check such false cases.In August 2010, the Supreme Court directed the government to amend Section 498a of the Indian Penal Code in view of the rising numbers of false or exaggerated complaints against husbands and their relatives by women. It further added that such complaints result in the husband and his relatives remaining in custody until trial or bail, which kills all chances of an amicable settlement.In January 2012, the Law Commission of India recommended that Section 498a should be made a compoundable offense. But, the court will decide if the particular case is compoundable or not.On 2 July 2014, the Supreme Court said that this law is being used by some women to harass their husband and in-laws. The court prohibited the police from making arrests on the mere basis of a complaint. The court asked the police to follow Section 41 of the Code of Criminal Procedure, 1973, which provides a 9-point checklist which must be used to decide the need for an arrest. The court also said that a magistrate must decide whether an arrested accused is needed to be kept under further detention.The decision was in response to a Special Leave Petition (SPL) filed by one Arnesh Kumar challenging his arrest and of his family under this law.However, due to lack of communication to police stations, the guidelines of Supreme Court of India are still not getting followed.