The first Union Budget of the 2020s underlines GoI’s intent towards building a strong foundation for achieving the goal of making India a $5 trillion economy. More importantly, finance minister Nirmala Sitharaman has made emerging global technology trends, along with inclusive growth, as the backdrop for the budget. It was heartening to hear quantum computing, machine learning (ML) and artificial intelligence (AI) find a Read More

Innovation due to technological advancements is moving at a faster pace than ever. Gartner estimates that by 2021, we will have approximately 25 billion connected devices that generate 44 zettabytes of data. Even at this rate, over 90% of the world’s data was created in the last several years. This rapid pace of technology change is only increasing and impacts every facet of life, Read More

To protect the interest of home buyers and other parties involved in a property transaction, against issues related to the title of a property, The Real Estate (Regulation and Development) Act (RERA) has mandated developers to buy title insurance. It is a tool to mitigate the risks related to the transfer of title of a property—the instrument that provides evidence Read More

Budget 2020 Expectations for Real Estate: Income tax relief from the chargeability of notional rent on fresh/new purchase of under-constructed properties, even if the property remains unrented, is another measure that once implemented, will have a positive impact on the sector. Budget 2020 Expectations for Real Estate: With the Budget 2020 just a few days away, the real estate sector is Read More

Even as the National Highways Authority of India (NHAI) is in the process of digitising all state highways, a FASTag-like technology is being rolled out in some petrol pumps in India. The technology, called Fastlane, was developed by Mumbai-based startup AGS Transact Technologies Ltd in June 2019. Currently, there are more than 120 Fastlane-enabled HPCL petrol pumps in Mumbai, Navi Read More

  The real estate sector is looking to the India Union Budget 2020 with great expectations in a bid to get some relief from liquidity woes. Homebuyers, meanwhile, are also hoping for announcements that would ease their hardship. In 2017, real estate contributed to 6 to 7 percent to India’s Gross Domestic Product (GDP). The sector is expected to contribute to around Read More

Adani Capital Pvt. Ltd, the non-banking financial company (NBFC) arm of Adani Group focused on small and micro-entrepreneurs, has acquired Essel Finance’s micro, small and medium enterprises (MSME) loan business. Through the acquisition, Adani Capital has secured a loan book of around ₹145 crore, operating out of 10 cities, comprising approximately 1,100 customers and 40 employees. This is the second asset Read More

  Real Estate is an industry that in many ways hasn’t changed too much over the past several decades. Sure, it’s much easier to research homes online, but the general fee structure and other characteristics of the industry are ripe for disruption. With that in mind, although nobody can see the future, it’s fun to think about where the real Read More

New Delhi: From Indian’s moon mission to cricketing excellence, Prime Minister Narendra Modi on Monday took reference from everyday life to tell students about how to deal with failures. During an interaction with school students ahead of the exam season, Modi in his annual ‘Pariksha pe Charcha’ event in New Delhi, said the new decade will be of those who Read More

Anti-profiteering provisions enacted at the time of transition into Goods and Services Tax (‘GST’) regime have been a bone of contention between the businesses and the Governments across various jurisdictions, India being no exception. As per the relevant statutory provisions in India, the scope of anti-profiteering provisions mainly cover passing of benefit received on account of reduction of the tax Read More