India’s Capital New Delhi is all set to expedite processes for conferring ownership rights to residents of 1,728 colonies that are Unauthorized

Digital map inked for 20 unauthorized colonies
India’s Capital New Delhi is all set to expedite processes for conferring ownership rights to residents of
1,728 colonies that are Unauthorized. The Delhi Development Authority (DDA) initiated processes of
uploading maps on its website of 20 colonies. It was further announced that the application process for
the ownership right will likely get commenced by end of December.
If the Resident welfare association of these colonies has any kind of suggestions/objection pertaining to
boundaries then the same should be submitted within 15 days.
On the official website, unauthorized colonies maps of consisting of areas like Holambi Kalan, Singhu
Border Narela, New Ashok Nagar, Rohini Bawana Village, Khera Khurd Village and Chilla Saroda Village
are being uploaded at present.
In the next few days, the uploading processes of maps of 500 unauthorized colonies will be taken place.
If there is any kind of clarification that needs to done then on the website the contact number of official
will also be provided. By end of this month more maps of 300 unauthorized colonies will be uploaded.
When all the boundaries will be fixed, the DDA authorities will also open the site for conferment of
ownership rights. After the applications being received the site inspection will also be done by the
authorities.

The new e DDA portal to keep an eye on 1,797 unauthorized colonies

The new e DDA portal to keep an eye on 1,797 unauthorized colonies
The New DDA portal will be concrete and will start up loading maps of unauthorized colonies.
Through satellite image this information will be shared to people. If there is any claimant or
resident claiming rights for properties the first thing it will be required to upload geo-
coordinates, detail illustrations or architectural components and other supporting documents
on portal.
It is assumed that the functioning on this portal will be commenced from 1st week of February.
There would also dedicated Suvidha Kendra’s at various locations wherein people can also
submit applications manually.
It will be mandatory for all applicants to have their digi lockers on the portal. This facility is
because the residents can upload photo or documents pertaining to the place. The maps of
400 colonies will be uploaded by second week of November.
In order to give in their suggestions or objections as far as the boundaries are concerned the
residents will be getting time frame of 15 days. The first batch the updating of about 400
settlements awaiting regulation will be done. A proper authorization slip will be provided. It is
assumed that forty lakh people will be benefited from these plans.

Major relief granted to 50,000 shop owners in Delhi

Major relief granted to 50,000 shop owners in Delhi after announcement of drop in Conversion charges
by Delhi Development Authority
50,000 shop owners are now relieved by getting the good news of drop in conversion charges in 100 Top
markets and moreover there would be also relaxed norms for household and industrial units.
The meeting led by Lt Governor Anil Baijal got an approval of converting 81 rural villages into urban
villages. The further news is also that the amalgamation of land plots from 64 square to 200 square
metres will also be done. Using the Social media platform the Union Minister Prakash Javadekar stated
that the decision to abolish charges will prove to be benefitted to more than 50,000 shop owners.
Further it was also said that the shop owners can fearlessly work and that too without any kind of
favors.

Why going Long term is important thing for your investment portfolio?

Why going Long term is important thing for your investment portfolio?
As far as monetary goals are concerned, future perceptions are must to meet. Long term investments
models rather than the short term one. In simplified terms long term investment is holding on things like
stock, shares or securities etc. In order to highlight these are the few aspects and advantages that you
need to know:-
1) Right time equations: - Compared to intra-day or short term investments, in long term even if
you invest a fixed amount the return in the long run could be fruitful. Sticking up with your stock
for longer period of time will allow you to be focused. To strategize your investments for long
term it’s better to seek an expert advice so that fruits of it can be enjoyed in future.
2) Less tax: As compared to the short term investments in the long term investments you will end
up paying fewer amounts of taxes.
3) You will worry less: - Unlike a Intraday trader or a short term investor, you don’t need to wake
seeing up opening bell or reading in paper about the down price. The long term investment will
secure your mind. In order to be at your best and plunge in towards the safer end you could also
invest in mutual funds.
4) You don’t need to spend much on commissions:- As far as intraday are concerned you need to
spend on a lot on agent’s commission but compared to the long term investments you didn’t
need to worry on any aspects.
5) Understanding the trend: - The long term investments will give you time and space to
understand the market space then make your move in realty segment.

United States is optimistic for India’s $5 trillion economy goal.

United States is optimistic for India’s $5 trillion economy goal.
$ 5 Trillion economy goal is on completion version; says US Treasury Secretary Steven Mnuchin. US will
also aim to focus on the changes pertaining to structural reforms made by Government of India. There
are various economic reforms done in recent week to give a boost to slowing economy. The said goal is
expected to get accomplished by 2024. It is expected that this plan will be a powerhouse and will shift
India from 7th position to 3rd position when it comes to current exchange rates. The recent announced
schemes and policies will bring in new investments and some good news for India.
Nirmala Sitharman also added up that there is wider range of discussions over a host of issues that
happened. In the month of October this year, she also made an announcement that there would be
host of negotiations between India and United States on a trade deal that will happen in full speed. Even
on the Iran issue the treasury secretary stated that US is also working with allies to assure that there is
enough oil and the sanctions to be done will safeguard interest even of other nations.

New Law soon will be passed by the Government for Illegal colonies.

New Law soon will be passed by the Government for Illegal colonies.
Owning a Shelter for self-purpose use is the biggest wish of the middle class income people and therefore
Mr.Narendra Modi announced that a law would soon be empowered by Parliament to seek ownership
rights for the residents of unauthorized colonies in National Capital.
In the further conversations, it is also stated that soon the implementation of Pradhan Mantri
Unauthorised colonies in Delhi Awaz Yojana will be done. This drastic step is taken to bring to an end of
the problems faced by the residents of these colonies. This law is expected to get passed in the winter
session of parliament and lot of people are keenly eyeing on it. Before the Prime Minister Narendra Modi
the minister of Union housing and urban development said that the processes will start in 7-10 days.
The residents have to apply for the conferment of ownership rights and procedures are sorted enough to
help people there would be also seva Kendra. It is said more than 40 lakh people will get benefitted
through this Yojana. The urge is also made to the residents to cooperate in the entire activity and let the
government do the needful at the earliest. This scheme is also launched with a purpose of redevelopment
of these colonies and gives a better lifestyle to the residents staying in the Capital of India.

GDP growth forecast of FY20 slashed to 4.9% from 5.7% earlier by Nomura With the harsh reality of deep trough the Japanese brokerage Nomura has massively cut down the GDP forecast.

GDP growth forecast of FY20 slashed to 4.9% from 5.7% earlier by Nomura
With the harsh reality of deep trough the Japanese brokerage Nomura has massively cut down the GDP
forecast. In June the prediction was 5% but severally dropping down stats are point of concern. The
dropping down stats are creating are major hurdle for growth engine and increasing inflation.
It is also said that the RBI will further cut down 0.20% by the mid June in 2020. Even there are various
recovery measures undertaken yet the fruitful improvement has to happen. The declined stats are also
because of the slower consumer demand, lowered investments and certain underperforming service
sectors.
While addressing to the Media; Spokeperson also said that Government is taking various measures but
there is still time to have some positive outcome. In the context and existing problems even the
Financial Minister Nirmala Sitharaman hold several meetings and conferences with the officials and
industry leaders will discuss on the measures of growth and how to plunge in more private investors.