Smart city initiatives in the Asia Pacific will not reach their potential if they focus on delivering cutting-edge technologies without paying enough attention to the needs and experiences of citizens, according to new research, Smart Cities Success: Connecting people, proptech and real estate, released by leading real estate consultant JLL recently
The implementation of the Real Estate Regulation Act (RERA) in the country has picked up pace, with 90 per cent of the state and Union Territories notifying the rules, according to a JLL analysis of the data provided by the Ministry of Housing and Urban Affairs, Government of India. O
The Goods and Services Tax (GST) – India’s biggest tax reform post-independence – was implemented on 1 July 2017. This new tax regime seeks to transform the Indian economy with its ‘One Nation, One Market, One Tax’ principle by subsuming a host of indirect taxes charged at varied rates by the Centre and states, therefore bringing uniformity in taxation across the country.
The RBIs decision to increase repo rates by 25 bps to 6.25 per cent after four years of keeping them stable speaks of a carefully deliberated decision in light of the recent inflationary pressure on the economy.