The Ken has published a very detailed article today on rents in Bengaluru.
Even for high earners, neither buying a house nor renting one is becoming affordable.
I think every city should focus on significant reforms in the real estate sector.
If corruption can be eliminated or at least minimised, prices can come down.
Increasing FSI limits wherever appropriate is another way.
And most importantly, economic and industrial clusters need to be created across every state.
If there are just one or two economic clusters in a state, it would collapse the infrastructure, disproportionately increase expenses such as rent, and lead to both poor quality and a lower standard of living.
@dmuthuk Same here. I think they have prioritised refund schedule. They are clearing all small refunds..my wife and I have refunds less than 20k ..already rec'd. My son has refund more than 1 lac. Not received yet
My wife filed her income tax return on 30th July.
She received the refund yesterday, 8th August.
Just ten days.
Excellent job by the Income Tax Department.
@dmuthuk Same here. I think they have prioritised refund schedule. They are clearing all small refunds..my wife and I have refunds less than 20k ..already rec'd. My son has refund more than 1 lac. Not received yet
@Sivabathasekara@dmuthuk He is not talking about dr subramanya swami but arvind subramanya who was our CEC during arun jaitlys time if I remember correctly
@valuegrowth99@pvsubramanyam@BJP4India Defenseless section is generalc category in pvt sector as inflation linked pension is provided even for general category in public sector
@nehanagarr This govt is going to stress salaried more as they increase voter base and govr employees with inflation linked pension and full job security
@nehanagarr This govt is going to stress salaried more as they increase voter base and govr employees with inflation linked pension and full job security
@Sachan8574 U have not considered inflation in expens while FD gives only 5.5 to 6% constantly. There is a bond that rbi issues whose interest is inflation linked.i have not evaluted https://t.co/s4Cu5fxl23 no recommendation
Current age,,,40 years
Current expenses. 24 LPA
Balance life,=60 years 100minus 40
Corpus required 24x60=14.40 crores
Assumption. Returns on the Corpus equal to inflation
14.4 substantially less than 40 crores