New Delhi: The Copyright (Amendment) Bill, 2010, which seeks to protect owners of literary or musical works, has been passed by the Rajya Sabha and will be presented to the Lok Sabha before it becomes law, much to the delight of singers, writers and composers. The bill, which is to provide exclusive and moral rights to performers in conformity with the World Intellectual Property Organisation's (WIPO) Copyright Treaty and performances...
03:27 PM, May 22, 2012
New Delhi: There is more trouble for Jaganmohan Reddy in the disproportionate assets case as the Andhra Pradesh government has given permission to the CBI to attach the properties of Reddy-owned Jagati publications. The Andhra home minister has also been questioned in relation with the case. Jagan Reddy's camp says he is being targeted because of next month's by-elections in the state. The state government issued three separate orders on...
06:11 AM, May 19, 2012
New Delhi: Amid the opposition demand to make divorce more women-friendly, the government on Thursday approved fresh amendments in a bill pending in Rajya Sabha to give the wife a clearly defined share in husband's immovable residential property. A meeting of the Union Cabinet, chaired by Prime Minister Manmohan Singh, took up new amendments to the Marriage Laws (Amendment) Bill introduced in the Rajya Sabha earlier this month. The government...
09:59 PM, May 17, 2012
Mumbai: Residential property prices in Mumbai declined 9.1 percent last fiscal, recording the first price fall since the 2008 crisis, according to a survey by consultancy firm Knight Frank. The survey, titled `Knight Frank Prime Global Cities Index Q1 of 2012', said that property prices of global prime cities reported a 1.4 percent growth during the period, compared to April 2010-March 2011. On year-on-year basis, the prices of properties in...
01:36 PM, May 15, 2012
Washington: White House is priceless and, of course, not for sale. But, the mansion, which has housed US presidents and their families since 1800, could fetch up to $115 million in the open market, a realtor has claimed. "This would be an extreme luxury home. It would probably be $100 or $115 (million)," the 'New York Daily News' online quoted Jason Koitz, a strategist with The Koitz Group, as telling...
05:43 PM, May 06, 2012
Mumbai: Global banking major Citigroup has struck the biggest property deal in recent years in the country by paying a hefty Rs 985 crore for six floors in the upcoming First International Financial Centre (FIFC) Tower at the coveted Bandra-Kurla Complex to house its headquarters. Two Citigroup entities - Citibank NA and Citigroup Global Markets - signed the deal to acquire 2,97,000 sq ft space which is six floors of...
07:37 AM, Apr 26, 2012
Beijing: China's smartphone companies are at risk of becoming embroiled in disputes over intellectual property rights since many important patents are held by international companies like Google and Microsoft, experts have said. In 2005, international mobile phone-makers occupied over half the Chinese market. But in 2011, China shipped 455 million mobile phones, among which domestic brands made up 72 per cent. Telecommunications experts have warned Chinese companies that they may...
02:26 PM, Apr 15, 2012
Ahmedabad: Gujarat Chief Minister Narendra Modi in a letter to Prime Minister Manmohan Singh on Thursday demanded rollback of proposed tax deduction at source (TDS) on transfer of immovable property, saying it is against the federal polity. The Union Budget 2012-13 has proposed TDS of 1 per cent of sale value of immovable properties except agriculture land. It will take effect from October 1, 2012. Modi's letter said it appeared...
02:04 AM, Apr 13, 2012
Mumbai: Whatever the make and model of the car, the boot isn't the most comfortable place to travel. Take it from Samit Ghangade. The 29-year-old real estate agent from Versova was abducted and being taken to Navi Mumbai by four men when the Nehru Nagar police intercepted the vehicle and nabbed the abductors. As cops at the nakabandi stopped the abductors and approached the car, they heard knocks from the...
12:13 PM, Mar 27, 2012
New Delhi: To check the menace of black money, the government on Friday proposed a slew of measures, including I-T return assessment up to 16 years with regard to assets held abroad and tax deduction at source (TDS) on transfer of immovable property and gold purchase. "I propose a series of measures to deter the generation and use of unaccounted money," Finance Minister Pranab Mukherjee said while presenting the Budget...
03:25 PM, Mar 16, 2012
Jaipur: Finance Minister Pranab Mukherjee will present the Budget on March 16. A hotelier from Jaipur Prithvi Singh from Jaipur requests the Fiance Minister to remove the tax on clubbable income provision from the Income Tax Act. It's a week short of Prithvi and Pratibha Singh's 16th wedding anniversary and Prithvi wants to gift his wife something special. She wishes for a part of heritage property to do something of...
09:57 AM, Mar 12, 2012
BANGALORE: This year property tax collection is likely to be a paperless transaction. Citizens can pay their property tax to BBMP through their debit and credit cards, if everything goes as planned.BBMP Commissioner M K Shankarlinge Gowda directed the revenue officials to prepare for property tax collection for the year 2012-13 which will start from April 1, 2012. He has directed them to make facility for e-payment where public can...
10:02 AM, Mar 07, 2012
Jaipur: The Central Bureau of Investigation (CBI) will seize the properties belonging to a Congress legislator's sister Indra Bishnoi if she fails to surrender before the agency by February 11 in the case of missing nurse Bhanwari Devi, sources said on Saturday. An arrest warrant has already been issued by a court here against Indra, the sister of Luni legislator Malkhan Singh Bishnoi who has already been arrested in the...
01:52 AM, Jan 22, 2012
BANGALORE: The ineffective revenue collection mechanisms of the Bruhat Bangalore Mahanagara Palike (BBMP) will soon become a matter of past. The Palike will identify properties by synchronisation of the Geographical Information System (GIS) along with old Property Identification Number (PID), and launch a new PID in all its 198 wards by mid of February. For the trial run of the new system, the Palike has selected five wards- Pattabhiramanagar, Byrasandra,...
10:46 AM, Jan 10, 2012
CHENNAI: A private company group managing director charged the DMK chief M Karunanidhi, DMK treasurer MK Stalin and several others with usurping properties worth Rs 300 crore belonging to his family and his community. Speaking to reporters, NS Arumugam, managing director, NSA Group of Companies, charged that his prime property in Koyambedu 100 Feet Road and Coffee Estate in Kodaikanal - both worth Rs 50 crore - were usurped by...
11:16 AM, Jan 06, 2012
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