DLF rental arm prepares for REIT launch; ropes in consultants
DLF s whole-time director Ashok Tyagi said the consultants have been appointed to restructure the business and be ready to launch the REIT whenever the two shareholders decide
PTI | January 30, 2021 | Updated 19:39 IST
DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore sovereign wealth firm GIC
Realty major DLF s rental arm DCCDL on Friday said it has appointed consultants, including banker, tax advisor and law firm, to prepare itself for the launch of its Real Estate Investment Trust (REIT) but the timing of the public issue will be decided by its shareholders. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore sovereign wealth firm GIC. While DLF holds 66.67 percent stake in the JV, the GIC has 33.33 percent shareholding.
Rationalisation of various taxes
According to Kinjal Shah, vice president, ICRA, the aviation industry s deteriorating financial health has raised tax sops expectations to help reduce their high cost and debt burden, especially lowering taxes on ATF.
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The ATF comprises nearly 30-40% of the total cost of an airline, and the prices in India are 45-50% higher, compared to international standard prices, she added.
Though, ahead of the budget, the government has also hinted that it is planning on the same lines. Addressing a webinar on Connecting the Dots-Recovery of aviation, tourism and hospitality , Usha Padhee, Joint Secretary, Ministry of Civil Aviation said, we are working on a long-term plan to help the sector by rationalising various taxes. We are looking forward to making the ecosystem smarter and more efficient to make the aviation sector sustainable.
India is turning from man to machines to improve the quality and speed of its economic data, which has been criticized as inadequate, delayed or even confusing due to sharp and unexpected revisions. The Ministry of Statistics is ramping up use of artificial intelligence for collecting, analyzing and reporting data to better monitor the economy. The measures include a $60 million program with World Bank help using an information portal that collates real-time data. Because of the changing landscape, there’s a growing need for more and more data, faster data and also more refined data products, Statistics Secretary Kshatrapati Shivaji said in an interview. With end-to-end computerization, this type of automation will enhance the quality, credibility and timeliness of data.
With quality of its economic numbers being a pressing issue for India, statistics ministry is ramping up use of AI for collecting & analysing data to better monitor the economy.
Vrishti Beniwal, Bloomberg News A truck sits parked next to shipping containers at the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai, Maharashtra, India, on Saturday, Dec. 16, 2017. Many of the cargo containers passing through India s busiest port in Mumbai have a small piece of Japan Inc. attached: Devices from NEC Corp. that can be tracked as the containers rumble through the interior of Asia s third-largest economy. Photographer: Dhiraj Singh/Bloomberg , Bloomberg
(Bloomberg) India is turning from man to machines to improve the quality and speed of its economic data, which has been criticized as inadequate, delayed or even confusing due to sharp and unexpected revisions.