Govt is likely to bring in the Registration (Amendment) bill in the next Parliament session to make Aadhaar or PAN mandatory, a move it hopes will check benami property transactions.
Elites view encroachers as disruptors of property rights system, and oppose regularisation. But that’s what India needs to free up capital held in slums.
Meghnad’s interest went much beyond economics and politics. This is reflected in his writing, particularly after his retirement as a full-time LSE professor in 2003.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
The best solution to cut benami/fraudulent/corrupt property transactions is to establish land exchanges that work on similar lines as stock exchanges using unique property identity codes (UPICs) based on GPS technology and list the ownership to individual property demat accounts and bank accounts. This will ensure full transparency of land deals through the highest bidder and collection of taxes at source based on transaction value both for sales/leases of properties. We have the technology and the talent but need to find the political will that is sadly spent on misplaced priroties that serve political interests rather than the greater common good of the society.
The best solution to cut benami/fraudulent/corrupt property transactions is to establish land exchanges that work on similar lines as stock exchanges using unique property identity codes (UPICs) based on GPS technology and list the ownership to individual property demat accounts and bank accounts. This will ensure full transparency of land deals through the highest bidder and collection of taxes at source based on transaction value both for sales/leases of properties. We have the technology and the talent but need to find the political will that is sadly spent on misplaced priroties that serve political interests rather than the greater common good of the society.