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Uttar Pradesh Chief Minister Yogi Adityanath asks ministers to shun VIP culture
Days after BJP's underwhelming Lok Sabha election results, Uttar Pradesh CM Yogi Adityanath urged ministers to shun VIP culture, prioritise public engagement, and coordinate with local representatives. Deputies Maurya and Pathak were absent, citing prior commitments. Adityanath emphasised the government's focus on public interest, instructed ministers to publicise achievements, and outlined plans for economic growth, public outreach, and problem-solving. He stressed the importance of 'Jan Sunvaai' for prompt grievance redressal.
Mumbai property market continues record-setting spree with best-ever May
The country’s commercial capital witnessed more than 11,917 property registrations during the month, up 21.3% from a year ago. The performance led to the state exchequer fetching revenue worth over Rs 1,029 crore through stamp duty collection, up 23.5% on-year, showed data from Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra.
Mumbai property market scales new peak with record April stamp duty collection
The stamp duty collection has recorded 16% on-year increase at Rs 1,047 crore, while the country’s commercial capital has witnessed registrations of over 11,475 property deals during the month, showed data from Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra.
Man gets caught in deepfake trap, almost ends life; among first such cases in India
Criminals extorted a 76-year-old man by using a video featuring the face and voice of a retired IPS officer in UP Police. The senior citizen ended up making repeated payments to the criminals out of fear that police would take action against him over what apparently looked like him soliciting sex.
RBI to harmonise Internal Ombudsman framework to strengthen customer grievance mechanism
The Reserve Bank of India (RBI) is implementing changes to strengthen its customer grievance redressal system. RBI Governor Shaktikanta Das announced the consolidation and harmonisation of the Internal Ombudsman guidelines into a single master direction. This move aims to enhance the customer complaint resolution process for regulated entities. The Internal Ombudsman mechanism was introduced in 2015 and has since been extended to various Non-Banking Financial Companies, Credit Information Companies, and Non-Bank System Participants. The RBI also plans to issue a framework for recognising Self-Regulatory Organisations to promote compliance culture and provide a consultative platform for policy-making. Stakeholder comments will be sought on the draft of the framework.
RBI streamlines Internal ombudsman scheme of banks, other financial institutions to help customers
As per the RBI governor, the consolidation of master guidelines will fine tune the redressal of customers' complaints. In November 2021, the RBI announced the Integrated Ombudsman by merging three different ombudsman schemes. The current announcement deals with streamlining the operational aspect of the ombudsman scheme to make it easier for customers to file complaints.
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UP government asks officials to verify 'negative' news that can tarnish its image
The Uttar Pradesh government has directed district magistrates to clarify negative news published by a media group that could sully the state's reputation or present false information. Reports labeled negative will be recorded for investigation via an Integrated Grievance Redressal System (IGRS), and sent to the relevant departmental heads, district magistrates and divisional commissioners for action.
DMs and DCs to investigate and fact check negative articles against govt: UP CM's office
The chief minister's office in Uttar Pradesh has asked officials to investigate negative articles about the government published by newspapers for authenticity. Officials have been ordered to use the Integrated Grievance Redressal System (IGRS) portal and take action to solve the issues raised in the articles.
Tech glitches fixed, property registrations to be hassle-free, says minister Krishna Byre Gowda
The software splits the property registration process in three parts. Applicants go through an online ‘pre-registration’ process, where they fill in their details on a portal and send it for online verification to the sub-registrar. They get a verified document and can schedule an appointment for the registration process.
RBI panel suggests a host of customer-centric initiatives for banks
An RBI-appointed panel has recommended a range of customer-centric initiatives to be adopted by banks, reports suggest. The initiatives include online settlement of claims by heirs of deceased account holders, flexibility for submission of life certificates by pensioners and centralised KYC databases. The panel also recommended operations of accounts should not be stopped pending periodic Know Your Customer updates, as well as a time limit for the return of property documents to borrowers after the closure of a loan account. In May last year, the Reserve Bank set up the committee under former RBI Deputy Governor BP Kanungo.
1 crore complaints to banks every year: Know what the RBI panel recommends
A panel set up by the Reserve Bank of India (RBI) has recommended measures to improve customer experience at banks and other regulated entities (REs). The panel suggested an online facility for reporting fraudulent transactions, which would trigger an automatic alert from the victim’s bank to relevant counterparts for blocking the flow of funds. To streamline call centres, REs should provide a dedicated IVRS flow and offer an automated call-back feature to avoid callers repeatedly pressing buttons in an effort to speak to executives. The RBI may establish a RE-agnostic common complaint portal for lodging complaints on a single platform.
Life certificate submission at any branch, online deposit claim settlement: RBI committee's major recommendations
The Reserve Bank of India (RBI) organised a committee last year to investigate the customer services provided by RBI-regulated enterprises (RE) such as banks, non-bank financial firms (NBFCs), and payment service operators.
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MCX launches online platform for Arbitration and Appellate Arbitration
The platform will expedite arbitration processes of investors' / members’ complaints
Being Human clothing announces special offer to celebrate Salman Khan’s birthday
Being Human clothing announces huge discounts from December 25 to 27 to mark the occasion of Salman Khan’s birthday.
28 years on, a Mumbai woman still fights for property papers; NHRC intervention raises hope
Sadhana Shah, 64, originally from Gujarat, currently living in Santacruz, owns a bungalow in Lonavala hill-station bought by her late husband Bhupendra C. Shah, and the Agreement for Sale was given to the Sub-Registrar of Assurances, Old Customs House, Mumbai.
Maharashtra govt starts property e-registrations, to also introduce blockchain
With this, Maharashtra has become the first state to enable e-registrations of properties. Initially the facilty will be enabled for e-registration of agreement of first sale and resale transactions will not be part of it.
Karnataka government cuts property guidance value by 10 pc for next 3 months
For the purchase of property, whether it is a revenue land, site, building or a flat, the government is slashing the guidance value by 10 per cent which will be applicable across the state for three months only, Ashoka said while speaking to reporters here.
Mumbai property registrations set a new 10-year high record in July
The stamp duty collection in July has also risen to Rs 512 crore, up 23% from June’s Rs 420 crore collection. The collection has also surpassed the pre-pandemic performance of Rs 452 crore in June 2019.
Mumbai property registration continues to rise in June on stamp duty cut spillover effect
Property buyers who had paid stamp duty on or before March end are allowed to register their deals within a maximum window of four months until July 31 from the date of stamp duty payment.
Realtors urge Maharashtra govt to reduce stamp duty as registrations, collection take a hit
In separate letters to Chief Minister Udhav Thackeray, Finance Minister and Deputy Chief Minister Ajit Pawar and Revenue Minister Balasaheb Thorat, developers’ body CREDAI MCHI has requested the government to reintroduce the waiver by reducing stamp duty charges to 2% in Mumbai given the impact of second wave of Covid19 pandemic.
Mumbai property registration pace starts declining on stamp duty relief withdrawal
After witnessing massive jump in sales and property registrations for seven months since September following the state government’s decision to reduce stamp duty, the registrations numbers in May have dwindled just one-third and one-fourth of levels seen in March and December, respectively.
Mumbai property registrations see decade’s best April led by spillover effect
Registrations dominated by deals transacted in lower stamp duty December-March period, new deals in April much lower
Mumbai’s April property registrations best in 10 years
The completed deals led to stamp duty revenue collection of ₹514 crore during the month, data from the Inspector General of Registration (IGR), Maharashtra, showed.
COVID-19 to impact housing sales in major cities in April-June quarter: Anarock
Quoting data by Inspector General of Registration (IGR), Maharashtra, Anarock said the stamp duty cut period between September 2020 to March 2021 saw as many as 80,718 properties registered in Mumbai, up 114 per cent from the corresponding period (September 2019 to March 2020).
Mumbai property registrations rose 114% during stamp duty cut period
Led by the stamp duty reduction benefit, real estate registrations in Mumbai, the country’s largest property market, witnessed a 114% on-year growth between September 2019 and March 2021 at 80,718 deals, showed the data from Inspector General of Registration (IGR), Maharashtra.
Covid Impact: Maharashtra stamp duty collections plummet 40%
“This is largely because property registration offices were shut during the COVID19 lockdown,” said Sandeep Reddy, co-founder, Propstack - a real estate and financial data intelligence provider. ”There could be a temporary increase in property registrations once the offices resumes but over the next fiscal year 2021 we expect a significant decline in stamp duty collections for Maharashtra.”
Soon tenants may not have to visit police stations
A source in the Inspector General of Registration (IGR) department said the data transfer process is in the last stage and the National Informatics Centre is helping with the same.
Soon, get property e-records certified anywhere in Maharashtra
The e-search facility from the registration website allows people to search for all previous transactions of a particular property, after providing all the required details.
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