Top court issues 12 directions to protect genuine buyers, strengthen tribunals, restore credibility in real estate market. Directions as court hears case of abuse of Insolvency & Bankruptcy Code.
Review has been planned amid growing calls for amendment of law governing RERA by current, old members to assure more powers for the body & to address homebuyers’ concerns, it is learnt.
Of 32 states & UTs with Real Estate Regulatory Authorities, at least 25 are headed by retd civil servants. SC remarked last month that RERAs are 'rehabilitation centre' for ex-officers.
Releasing Export Preparedness Index report, NITI Aayog CEO says Centre has ‘ticked a lot of boxes’, & responsibility of driving the next phase of export growth now rests with states.
The proposed project costing about Rs 3.25 lakh crore will entail procurement of 18 aircraft in fly away condition & the rest made in India with up to 60% indigenous content.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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