SAHAKARSUTRA

Highlights of Railway Budget for 2016-17 -------------------------------------------------------------------------------- Thursday, Feb 25     MUMBAI - Following are highlights of the Railway Budget for 2016-17 (Apr-Mar), presented by Railway Minister Suresh Prabhu in Parliament today: GENERAL * Budget reflects aspirations of the entire railway family * Rail Budget reflects aspiration of all * Core objective is to improve individual experience * Rail Budget is the vision of PM Modi * Making all efforts to turn PM's vision into reality * Railways facing headwinds on tepid economic growth * Railways have stood the test of time * Need to overhaul Railways' work culture * Need to bring in new approach * Will lay out three pillars of strategy * Looking at new areas for generating revenues * Need to reorganise, rejuvenate, restructure railways * Railways facing headwinds from 7th pay panel burden * Will engage with global agencies for funds * Absolute deductions planned in expe

New Real Estate Bill : The government on Tuesday approved changes to a Bill that seeks to regulate the country's property market, notorious for black money and delayed possessions. The Real Estate (Regulation and Development) Bill, 2013 is aimed to protect the interest of consumers from errant developers and ensure timely execution of projects. Here are 10 ways how the Bill will help property buyers: 1) Each state will get a real estate regulator, which will settle disputes and impose compensation. All housing and commercial projects will have to be compulsorily registered with the regulator so that buyers can have access to genuine projects. Ongoing projects that have not received completion certificates will also be covered. 2) Developers cannot advertise or launch projects without prior registration with the real estate authority. 3) Sale of property on the basis of super area (area in which a flat is spread plus common area such as lobby) will be prohibited. Developers wi