He bought a Rs 41.85 lakh and paid Rs 39.15 lakh but did not get possession; builder blames PMC-PMRDA jurisdiction changes, MahaRERA rejects excuse and orders interest payout to homebuyer

A man bought a flat from a builder but did not get possession of it in the promised time period in the sale agreement. (Image for representative purpose only) When buying your dream home, timely possession is an important point. Yet in some cases builders fail to deliver flats and houses within the stipulated time…

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Reserve Bank Of India: Rupee relief, higher hedging costs: What RBI’s new forex rules mean

RBI’s new forex rules may ease rupee depreciation pressure in near term (representative image) NEW DELHI: The Reserve Bank of India‘s (RBI) latest measures to curb volatility in the rupee could ease near-term depreciation pressure, reduce speculative dollar demand and help withdraw surplus liquidity from the banking system, according to research reports cited by news…

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Gold Prices: Gold, silver prices next week: What investors should watch amid global uncertainty

Gold, silver prices may stay range-bound with positive bias next week (representative image) Gold and silver prices are likely to remain range-bound with a mildly positive bias next week, as weakness in the rupee supports domestic bullion prices amid global fluctuations, analysts said.Investors will also track inflation data from India, China and the US for…

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Stock market is crashing, but IPOs are seeing billions of dollars of investment. What’s happening?

Even as Sensex continues to bleed, Dalal Street’s IPOs are seeing strong investor interest. There seems to be no end in sight for the stock market crash. Investors, especially foreign, are exiting Indian equities with record outflows continuing. Sensex is down almost 16% from its lifetime intraday high, and hasn’t hit a fresh closing high…

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Man invested Rs 10 lakh, which tax department treated as unexplained; he first cited cash loan, then bank withdrawals as source, ITAT Nagpur deletes addition and Rs 2.11 lakh penalty

The officer therefore treated Rs 10 lakh as an unexplained investment. (Image for representative purpose only) Having a money trail of your investments and its sources is important. Unexplained income and investments can invite scrutiny from the Income Tax Department.In one such case, a man invested some money in a wealth management company and faced…

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Landlords wanted tenant out to open a law office; he said the reason for seeking eviction had changed and other properties were available, why Delhi High Court upheld eviction

The court first addressed the landlord-tenant relationship. (Image for representative purpose only) Tenant and landlord disputes are not uncommon and can sometimes turn into legal battles.In one such case two landlords wanted the tenant to vacate the property so they could open a law office, but the tenant refused and the matter went to court.The…

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‘To be finalised in line with changed circumstances’: Piyush Goyal on India-US trade deal

The commerce minister asserted that talks are on but final pact will be in line with “changed circumstances” India and the US will finalise their interim trade agreement framework in line with changing circumstances, commerce and industry minister Piyush Goyal said on Saturday, indicating that negotiations on the first phase of the bilateral trade agreement…

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Woman buys Rs 1.03 crore 3BHK in Bengaluru, but builder fails to provide specially-enabled parking; Karnataka RERA orders provision within 60 days and audited maintenance accounts

The homebuyer purchased the apartment under a Sale Deed for a total consideration of Rs 1,03,28,979. (Image for representative purpose only) You buy an apartment with the builder promising some special parking provisions. But the builder fails to deliver and collects steep maintenance charges from residents. What do you do?In one such case, a woman…

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