HEFA approves projects of Rs. 2,066 Crore to six IITs

By Accommodation Times Bureau For providing additional funds for research and related infrastructure, Higher Education Funding Agency (HEFA), has started its operations. The HEFA Board had held its 2nd meeting today and approved projects for Rs. 2,066.73 Cr for six institutions – IITs Bombay, Delhi, Madras, Kharagpur, Kanpur and NIT Suratkal.

World Bank to fund the roads of 1300 Indian villages

          By Accommodation Times News Service Some 2,500km of rural roads will be built to connect 1,300 villages under a new agreement signed by the government of India and the World Bank. The World Bank will provide US$160 million credit for the Rajasthan road sector modernization project, which will support the government of

India Ratings Announces First Bond Rating on Metro Rail Project in India

By Accommodation Times News Service India Ratings & Research (Ind-Ra) has rated the first bond transaction of metro rail project in India. Ind-Ra has rated Bangalore Metro Rail Corporation Limited’s (BMRCL) proposed bonds at ‘IND AA(exp)’. Ind-Ra observes urban infrastructure improvement as one of the focus areas of the central government. The central

Stamp Duty Articles

Adjudication of Proper Stamp Duty By M.K. Gokhale, Deputy Supt. Of Stamps (Retd.) Section 31 of the Bombay Stamp Act, 1958 provides about the adjudication of proper Stamp Duty. The applicant under this section has to submit an instrument executed or unexecuted and previously stamped or not for the purpose of opinion