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...