The Finance Naka

The Real Estate (Regulation and Development) Bill, 2016 was introduced by Dr. Girija Vyas, Minister of Housing and Urban Poverty Alleviation in 2013. The Union Cabinet of India approved 20 major amendments to the Bill upon Rajya Sabha’s recommendations, in 2015. It then finally got approved by the Rajya Sabha and the Lok Sabha on 10th and 15th March, 2016, respectively and finally became an Act in May, 2016. What is It? RERA aims to create a regulatory body for the real estate sector. The main aim of the Act is to protect the interest or buyers and promote timely delivery of properties or projects. In order to achieve this, registration of the projects covering either more than 500 sq. ft. land or involving at least eight apartments has been made compulsory. The builder or “promoter” will need to furnish the details of the project online and this information would be available to the public. Earlier, builders used to include extra spaces in the carpet area and charged buyers 20-30

At the closing bell today, Sensex fell by 73.42 pts and arrived at 32309.88 pts. The intraday index was below 32300 pts. Nifty closed at 10014.50 pts at the closing bell, thus, showing a bearish candle. As experts said earlier days that a downfall will be seen for next few sessions at Nifty index, today the bearish candle was finally seen at Nifty. Gold prices surged by ₹113 to arrive at ₹28443/10gms while USD was ₹64.15 (surged by ₹0.05). Crude Oil rised by ₹28 is currently ₹3145/barrel.

At the closing bell today, Sensex rised by 154.19 pts and arrived at 32382.46 pts. The intraday index was somewhere above 32400 pts. Amongst the top gainers were the Tata Steel with 2.22% rise, Sun Pharma with 2.08% rise, ICICI by 2.07%. Other gainers were the Cipla, M&M, Hindustan Unilever, etc. Nifty finally crossed 10000 mark today to arrive at 10020.55 pts at the closing bell and leaves a historic impression of crossing the said 10000 mark. Though experts say that a downfall will be seen for next few sessions at Nifty index, still today the bullish candle was seen at Nifty. However, a continuous bullish candle may not end for long period and hence the bulls are adviced to be cautious. Bajaj Finance, Yes Bank, Godrej, etc. were amongst the top gainers while the top losers were Idea Cellular, Axis Bank, Pidilite Industry, Shriram Transport, etc. Gold prices fell by ₹75 to arrive at ₹28327 while USD was ₹64.36 (fell by ₹0.02). Crude Oil rised by ₹44 is currently ₹3082/barrel.

The International Monetary Fund (IMF) kept its outlook for growth in India unchanged at 7.2% in 2017-2018 and 7.7% in 2018-2019,according to the latest update of the fund's World Economic Outlook released on July 24.The Indian economy expanded by 7.1% in 2016-2017.The fund revised upwards its growth for China and Japan,although India remains the fastest growing major economy in the region and the world.

Sensex slipped by 17.60 pts today and arrived at 32228.27 pts. The intraday index was somewhere between 32230 and 32225. Amongst the top gainers was the Axis bank with 1.96% rise, Bharti Airtel with 1.76% rise, TCS (1.50%), Tata steel and Adani Ports SEZ, etc. Nifty finally crossed 10000 mark today to give a historic touch today. However, it slipped by 1.85 pts as compared to last day index to arrive at 9964.55 pts at the closing bell. Experts say that a downfall will be seen for next few sessions too at Nifty index. Idea Cellular, Vedanta ltd, Shriram Transport, etc. were amongst the top gainers while the top losers were Zee Entertainment, Power Finance Corporation, Glaxosmithkline Pharmaceuticals, etc. Gold prices fell by ₹6 to arrive at ₹28423 while USD was ₹64.38 (rised by ₹0.04). Crude Oil rised by ₹55 is currently ₹2987/barrel.

Today, Sensex showed the upward trend at the closing bell with 216.98 pts to end at 32245pts. Further, Nifty50 showed the bullish trend by crossing it's all time high strike price of 9928 and ended at 9966. Support from bears is found to be ranging between 9850 to 9880 and Bulls support and uprise to 10000 to 10100. A fall in Gold price by ₹14 was found where the Gold price arrived at ₹28539/10gms. USD rised by ₹0.01 and it at ₹64.335 today. The Crude oil surged to ₹2944/barrel today.

The CAG audited six telecom companies- Bharti Airtel,Vodafone, Aircel,Idea,Reliance Communications and Sistema Shyam Teleservices Ltd- and said that they have under-reported their Adjusted Growth Revenue(AGR) by Rs   61064 crores during 2010-2015. CAG said that the under-reporting has reduced the governments revenue in form of Spectrum Charges and Licensing by Rs 7697.6 crores. According to the CAG report, the netting of revenue from infrastructure sharing and exclusion of foreign exchange gains,interest income and sale of investments lead to the understating of revenue. An amount of Rs 4531 crores as interest arising out of short term payments is also due.As per the New Telecom Policy of TRAI ( Telecom Regulatory Authority of India) telecom companies are mandated to share a percentage of their Adjusted Gross  Revenue (AGR) with the Government.In addition,the telecom companies were required to pay Spectrum Usage Charges to use the radio frequency spectrum allotted to them by the Gove

The Number of  digital transactions which grew significantly in the aftermath of demonetisation last year,has started declining since March,2017 according to official data of PTI (Press Trust of India).The number of digital transactions has come down from 119.07 crore in March,2017 to 118.01 crore in April and further to 111.45 crore in May.P.P Chaudhary,MoS (Minister of State) for Electronics and Information Technology said in a written reply in the Lok Sabha (Lower House of the Parliament)

MAJOR TAX UPDATES Income received by the Assessee from letting of the premises - premises are furnished and centrally air conditioned - ITAT was correct in holding that the rental income should be treated as income from other sources - deduction in terms of Section 57 (iii) allowed - HC - Income Tax NO TDS on GST component - wherever the component of GST on services is indicated separately in the Invoice - tax shall be deducted at source under Chapter XVII-B of the Act on the amount paid or payable without including such GST on services component - Circular - Income Tax Just because appellant carried out ancillary activities of loading unloading etc. which is not the essential character of the activity contracted to him but only ancillary to the main work of transportation of break-bulk cargo it would not be just and proper to bring such activity within the fold of Cargo Handling Service . - Service Tax

Market Analysis Date:20/07/2017  Today the Sensex was down by 50.95 pts at the closing bell. It landed slightly below 31900 at intra day and ended at 31904.50. Nifty50 again failed to cross it's lifetime high of 9928 and fell down by 26.30 pts at 9873.30. At options market maximum pit was seen at 9800 level whereas maximum call was seen between strike price of 10000 and 9800. Experts state that both Bulls and Bears are making great efforts to cross the Nifty it's lifetime high of 9928. Axis Bank Bajaj Finance were amongst the top gainers while HPCL and Cadila Healthcare were the top losers today. Further, there was a rise by INR 0.14 in USD which ended at INR 64.43 today. Crude oil rised to ₹3031 per barrel still showing a downward trend at closing bell. Gold rised by ₹90 to attain the position of ₹28347/10gms.

RERA (Real Estate Regulation Act) may be notified by all states by July end Date:19/07/2017 RERA is Real Estate Regulation Act which is enacted to protect the intrests of property buyers and to make available affordable housing. As per the inputs of Rajiv Ranjan Mishra, Joint Secretary of Ministry of Housing and Urban Affairs, RERA has been already notified by 21 States and is in finalising stage in some 5-6 States.

Market Analysis Date:19/07/2017 The Sensex rised by around 244.36 pts..Nifty too rised with a boom by 72.45pts. Experts predict that said upward trend in Nifty may touch 9500 to 10000 mark however, if the market faces downfall then it might end up around 8500-8800. However, Gold again slipped to ₹28198/10gms, still showing the downfall. Crude oil raised from ₹2962 to ₹2985 per barrel. USD showing a downward trend by INR 0.05 and the downward trend since Saturday continues.