Venue of Smart City in Bhopal changed after protest
In what is said to be bowing down to popular sentiments, chief minister Shivraj Singh Chouhan on Monday, announced to change the venue of Smart City Project in Bhopal from Shivaji Nagar to North Tatya Tope (TT) Nagar, in the interest of environment conservation.
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Higher floor area ratio in Haryana will not give market a leg-up
There may be valid political and sociological reasons for increasing the Floor Area Ratio (FAR) in HUDA’s colonies in Haryana’s new emerging towns, but only a blind leap of faith can justify the conclusion that this move will help pull the property market out of recession. Logic indicates otherwise.
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RBI seeks market feedback on allowing FPIs in unlisted corp bonds
The Reserve Bank of India has proposed to allow foreign portfolio investors investing in unlisted corporate bonds following the budget announcement earlier in February. The central bank has sought comments/feedback for the same.
“As announced in the Union Budget 2016-17, it has now been decided to expand the investment basket of eligible instruments for investment by FPIs under the corporate bond route…,” RBI said in a release on Monday.
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