Author: admin

EPFO, HUDCO to ink pact for housing subsidy under PMAY

Retirement fund body EPFO will sign on Thursday a pact with the Housing and Urban Development Corp (HUDCO) to enable members of its housing scheme to avail subsidy and interest subvention under the Pradhan Mantri Awas Yojana. New Delhi: Retirement fund body EPFO will sign on Thursday a pact with the Housing and Urban Development Corp (HUDCO) to enable members of its housing scheme to avail subsidy and interest subvention under the Pradhan Mantri Awas Yojana. Under the housing scheme, the Employees Provident Fund Organisation (EPFO) allows its subscribers from societies for withdrawing up to 90 per cent of...

Read More

What defines a luxury home? It’s a different answer in every country

Luxury means different things to different people. “Proximity to nature, interestingly, remains a constant — it’s the sea for some, hills, greenery or golf links for others,” says Tushad Dubash, director of Mumbai-based Duville Estates developers. While seniors around the world tend to prefer standalone luxury residences with backyards, young couples and singles alike prioritise condos where maintenance is managed by someone else, and want smart home features such as home automation systems, remote lighting controls and wine rooms. A report by Sotheby’s International Realty called ‘Global Affluence: The Emerging Luxury Consumer’ released last month talks about the changing...

Read More

Aadhaar now mandatory for bank accounts, link it by Dec 31 or lose access to banking

Government has made Aadhaar mandatory for opening new accounts. It has noted that all existing bank accounts will have to be linked with Aadhaar number by December 31, 2017 or else they will be declared invalid. More significantly, not only Aadhaar has been mandatory for opening new accounts but also for carrying out high-value transactions. The government has said that transactions worth Rs 50,000 or more will now require Aadhaar number. This is similar to how PAN number was required for high-value transactions. But now instead of PAN, consumers will have to quote Aaadhar number. While the deadline for...

Read More

DNA Newsletter