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Jan 21, 2020, 03.01 AM IST

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ABC of CRZ: Lessons for homebuyers from the Maradu flats demolition

The recent demolition of illegal apartment buildings in Kerala shows the risks homebuyers are taking in India. In addition to coastal regulation zone (CRZ) rules, there are several land usage rules that home buyers must be careful about.

Supreme Court forms committee to draft mediation law, will send to government

The panel, to be headed by mediator Niranjan Bhat, will recomme...

TRAI extends deadline for views on floor rates

The Telecom Regulatory Authority of India (Trai) has extended timeline for receiving comments ...

ET Prime Distribution
  • The Haryana Real Estate Appellate Tribunal had earlier rejected developers’ plea to stay the order passed by H-Rera in January last year, where H-Rera imposed a penalty on the developers and attached 10 acres of their land for not completing the project on time.

    "Priced at... Rs 179, Airtel's new prepaid bundle offers unlimited calling to any network, 2 GB data, 300 SMS along with a term life cover of Rs 2 lakh from Bharti AXA Life Insurance," the company said in a statement.

    Among the three access service providers, Reliance Jio added the highest number of 5.6 million wireless subscribers, while Bharti Airtel saw a nominal net addition of 1.6 million, according to subscriber data for November 2019 released by the Telecom Regulatory Authority of India (TRAI) on Thursday.

    The TRAI had in December 2019 issued new tariff rules by which prices of the Network Capacity Fee (NCF) were lowered, benefiting consumers.

    Cloud computing and virtualization software company, VMWare had made a $2 billion investment in its Indian arm in 2018, which employs close to 6000 people. On the recent consultation paper on cloud services introduced by the Telecom Regulatory Authority of India, it was proposed that cloud-focussed companies would become members of a cloud industry body.

    Melorra boss Saroja Yeramilli wants the FM to extend exemption from Capital Gain to the gems and jewellery sector.

    The newly launched Complaint Management System will feature rule-based redress of complaints related to Value Added Services (VAS). Using the CMS portal or the app consumers will be able to fetch details of VAS services activated on their phone.

    "I would like to give a word of caution here. Though your (insurance brokers) share is very high in group health insurance, the loss ratio in group health insurance is also very high. Probably, it is not very sustainable at present," he said at an event organised by Insurance Brokers Association of India.

    Admitting the petitions from the Indian Broadcasting Foundation (IBF), and top broadcasters, the two judge bench of justice SC Dharmadhikari and Justice RI Chagla issued notice to Trai asking to respond within a week. The court will hear the matter or January 22nd.

    An eight-member evaluation committee headed by IIIT Bangalore director S Sadagopan was in charge of scrutinizing these applications. ET had earlier reported that the rejection rates for these applications would be on the higher side due to the high-risk factor of testing these products on a live audience.

    The reduction in mobile number portability (MNP) is good news for telcos since it means they have to invest less in trying to retain existing customers, said industry executives and analysts. MNP fell to 4.1 million in October last year from 5.4 million in the previous month, and the MNP churn rate dipped to 0.3% from 0.5% in September.

    Life insurers such as ICICI Prudential, HDFC Life and SBI Life are set for a quarter of strong new business growth driven by increasing margin gains in protection business, expanding distribution network and robust premium even as some insurers may see increased stress in certain portfolios due to a slowing economy.

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