Tuesday, 20 December 2022
क्राफड ने जताया बढ़ाए गये टैक्स का विरोध
Monday, 19 December 2022
CREDAI’s Recommendations for Union Budget 2023-24 Focus on Sustaining Growth by Boosting Demand
With increasing retail inflation and continuous repo rate hikes, resulting in higher EMIs on all consumer loans, there is a compelling need to increase the existing limit of Rs 2 Lakh on exemption of interest paid on home loans to at least Rs 5 Lakh. This would not only give some extra disposable income in the hands of middle-income homeowners but would also attract prospective home buyers to buy a home & thereby boost demand.
Additionally, the price cap of INR 45 Lakhs on units to qualify as affordable housing needs to be revised as there have been substantial changes in the prices of various construction raw materials, labour costs & overall construction costs. This has impacted the overall price of housing leading to ineligibility for tax exemptions under Section 80IBA. CREDAI urged the officials to expand the definition of Affordable Housing units only on carpet area without any price cap.
To boost the demand further, CREDAI requested the Government to incentivize homeowners by exempting 100% of the rental income up to Rs. 20 lakh per annum. This would encourage people with disposable incomes to invest in properties for renting purposes.
The recommendations also included the flexibility of allowing investments through Long Term Capital Gains in more than one residential property. Reduction in the tax rate on long-term capital gains on capital assets from 20% to 10% and reducing the holding period to 12 months were also recommended.
Commenting on the recommendations shared, Harsh Vardhan Patodia, President, CREDAI, said that our recommendations are focused on sustaining the current growth in the sector, boosting demand and exemptions for homebuyers. The real Estate sector can add millions of livelihoods in a short time and significantly contribute to GDP. Continuous rate hikes may cause short-term turbulence in overall housing demand when buyers are optimistic about making decisions, adding to buyers' overall acquisition cost. The sector has begun to gradually recover across key property markets, primarily driven by end-users; however, repeated rate hikes may have an impact on the interest-sensitive sector. The sector's growth will directly fuel the growth of all ancillary industries thereby creating a cascading effect on job creation & economic development.
With the Real Estate industry poised to reach $1 trillion in market size by 2030 while funding almost 13% of the country's GDP growth by 2025, the real estate sector has seen unprecedented growth in the last 2 years across all parts & various categories. While schemes such as 'Housing for All' supplemented by the 'Affordable Housing Policy' & 'Pradhan Mantri Awaas Yojana' has fulfilled the dream of owning a house for many underprivileged families, CREDAI's recommendations shall aid in further growth of the Real Estate Sector to boost demand.
स्कूल में स्किल डेवलपमेन्ट प्रोग्राम आयोजित
कम्युनिटी सेन्टर सेक्टर 42 में रेनोवेशन का कार्य शुरु
Sunday, 18 December 2022
सूद मिलन दिवस के मौके पर चंडीगढ़ में जुटे सूद बिरादरी के हज़ारों लोग
चंडीगढ़ में लक्ष्य ज्योतिष संस्थान ने लगाया फ्री ज्योतिष कैम्प
Chitkara International School, Panchkula’s Masaledar 1st Annual Function Celebrated
Dr Ashok K Chitkara, Chancellor, Chitkara University, Punjab and Himachal Pradesh, Dr Madhu Chitkara, Pro-Chancellor, Chitkara University, Punjab and Himachal Pradesh, and Chairperson, Chitkara International School, Chandigarh and Panchkula, and Dr Niyati Chitkara, Director, Chitkara International School, Chandigarh and Panchkula, welcomed the dignitaries and parents for the special occasion with marked fervour.
Chitkara International School's (CIS's) Annual Function is renowned for its grandiosity and outstanding performances, where each student of the school gets an opportunity to partake in the event and explore and exhibit their potential. For its first annual function, the school exhibited a beautiful array of spices from around the world entailing mixed spices, paprika, nutmeg, black pepper, cardamom, saffron, asafoetida, carom seeds, oregano, turmeric, etc., the aspects and benefits of which were elucidated in their own endearing and artistic ways by the all the students from kindergarten to Grade 8.
With an exciting start to the event, a notable special performance on different spices along with the lighting of the lamp ceremony was organised entailing a special tadka by the dignitaries present at the function.
Upholding its endeavour of imparting superlative education through effective art integration in consonance with the mission of the Central Board of Secondary Education (CBSE), and the promising National Education Policy 2020, the school exhibited a strong synergy of academics and co-curricular, disseminating relevant spice information through a PowerPoint Presentation displayed in concert with the dance, music and act performances put together by the dynamic students of the school.
The function's theme"Spice Box - Masale Swad Anusar", was further incredibly manifested through a large human-sized and motorised spice making equipment against a magnificent backdrop of a lit world map, showcasing the origins of different spices.
The event indeed provided a fantastic opportunity for each Chitkarian to gain knowledge of different spices, learn about team spirit during preparations, find an avenue for artistic expression, and overcome stage fear. Moreover, the event benefited pupils in comprehending the significance that spices have played throughout history. Thereby, the school also furthered its mission of inculcating employability skills in learners, especially for the students wanting to pursue a career in the culinary, medicine, or any other related field.
Finally, encouraging the students with his words of wisdom, the honourable Chief Guest,Gian Chand Gupta, brilliantly shed light on the values of hard work, team spirit, perseverance, and integrity and also emphasised on the importance of education and participating in both academic and co-curricular activities. Sharing his life journey with the youngsters, Shri Gian Chand Gupta further motivated the youth to pursue their dreams with conviction and enthusiasm.
Expressing her exuberance on the entertainment-filled event, the sagacious Director-Schools, Dr Niyati Chitkara said that she wholeheartedly appreciate the time taken by the Honourable Chief Guests and Guests of Honour for gracing this event. We at CIS focus on the holistic development of young minds because we feel that the type of education that the children receive determines their success in the future. Moreover, via events like these that celebrate CIS's legacy the students get a chance to share their talents with the world. She also thank all of the school's stakeholders for attending the occasion and hope you enjoyed our children's performances. To all the participants, she would like to say that just like spices add flavour to the dishes, the exceptional performances presented by all of you have made this extravaganza a massive success.
चंडीगढ़ में लक्ष्य ज्योतिष संस्थान ने लगाया फ्री ज्योतिष कैम्प
Saturday, 17 December 2022
डिजिटलाइजेशन को बढ़ावा देते हुए बार कॉउंसिल ऑफ पंजाब एंड हरियाणा ने लांच की ई-बार कॉउंसिल सर्विसेज
FANS OF ŠKODA KICKS OFF IN CHANDIGARH
In Chandigarh, the celebrations began at Game Palacio where the Fans had an immersive experience with their ŠKODA cars and representatives of the company.
ŠKODA AUTO which is synonymous to customer centricity and customer satisfaction has taken its customer delight efforts a notch above by introducing a slew of purchase, maintenance and bonus offers and packages for both the KUSHAQ and the SLAVIA, making it perhaps the best time to buy a new ŠKODA car.
ŠKODA already leads the industry with a 4-year/100,000 km warranty over the industry-standard 3-year one. In addition to this warranty is a standard 4-year Peace of Mind Package along with a Complimentary Standard Maintenance Package for both the KUSHAQ and the SLAVIA.
The company has also doubled its sales in the period from January to November 2022 compared to annual sales of 2021. ŠKODA AUTO has already won the mandate of having the KUSHAQ as the safest car in India with a 5-star rating. Besides, the SLAVIA has provided the sedan segment a much-needed fillip. Both the cars have been developed on the India-specific, ready-for-the-world MQB-A0-IN platform, and have some unbeatable deals ranging from Financial Benefits, Loyalty Bonuses and Exchange Incentives.
FANS OF ŠKODA KICKS OFF IN CHANDIGARH
In Chandigarh, the celebrations began at Game Palacio where the Fans had an immersive experience with their ŠKODA cars and representatives of the company.
ŠKODA AUTO which is synonymous to customer centricity and customer satisfaction has taken its customer delight efforts a notch above by introducing a slew of purchase, maintenance and bonus offers and packages for both the KUSHAQ and the SLAVIA, making it perhaps the best time to buy a new ŠKODA car.
ŠKODA already leads the industry with a 4-year/100,000 km warranty over the industry-standard 3-year one. In addition to this warranty is a standard 4-year Peace of Mind Package along with a Complimentary Standard Maintenance Package for both the KUSHAQ and the SLAVIA.
The company has also doubled its sales in the period from January to November 2022 compared to annual sales of 2021. ŠKODA AUTO has already won the mandate of having the KUSHAQ as the safest car in India with a 5-star rating. Besides, the SLAVIA has provided the sedan segment a much-needed fillip. Both the cars have been developed on the India-specific, ready-for-the-world MQB-A0-IN platform, and have some unbeatable deals ranging from Financial Benefits, Loyalty Bonuses and Exchange Incentives.