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Talking of the year 2020, one could not think of anything beyond coronavirus. The year 2020 is going to be as fancy as the number is! It might be unforgettable and I m looking forward to it, this is exactly what I told my friend on December 31, 2019. Alas, 2020 was a year filled with fear for life, loss of loved ones, loss of jobs, financial instability, to say the least!
The damages caused by the deadly coronavirus has taken everyone s life for a toss and has affected several businesses beyond repair. While the intensity of the impact differs from sector to sector, there are few sectors that have been hit the most and might continue to suffer until life turns back to normal.
CREDAI urges PM Narendra Modi to curb cartelisation by cement, steel manufacturers
CREDAI has requested PM Modi to take urgent steps to arrest the cement and steel price rise for survival of the real estate sector in the country.
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The Confederation of Real Estate Developers Associations of India (CREDAI) has sought Prime Minister Narendra Modi s urgent intervention in curbing cartelisation by cement and steel manufacturers to arrest the price hike of cement and steel.
In a letter to the Prime Minister on December 18, the apex body of real estate developers said any increase in raw material cost will lead to increase in the construction costs and overall project cost, and many developers will be forced to halt construction work thereby impacting the delivery of the projects, leading to penal consequences under RERA and other authorities, which will have a cascading effect on the homebuyers also.
Synopsis
Cost of key inputs in consumer products, autos and real estate are moving north. Margin pressure is being felt across companies but, sensitive to budget-watching consumers as well as competitive pressures, many are opting for partial cost transfers and cost control in other functions.
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Automobiles are next in line, with manufacturers still deciding on the price hike quantum – a tough call since auto makers suffered a low even before the pandemic hit.
Mumbai|New Delhi|Kolkata: Weeks after the festive bump in demand and with re-emergence of optimism a few months ahead, India Inc is worried it may have to choose between absorbing higher input costs or hiking final prices and bearing a dent in sales.
Updated Dec 18, 2020 | 14:24 IST
The state has earned Rs 1,472 crore till July, after which there were no registrations. The state had earned Ra 7,061 crore with document registrations in 2019. Telangana s revenue hit hard by reduced land registrations during Covid | Photo Credit: PTI
Hyderabad: The pandemic-induced economic problems, a halt in non-agricultural land registrations and some confusion over the new system when it first began have jolted the Telangana government’s income from registrations.
Telangana has earned Rs 1,472 crore till July, after which there were no registrations. Telangana had earned Rs 7,061 crore with document registrations in 2019. This can affect the revenue in a huge manner. The registration revenues of Telangana have been increasing since its formation in 2014.