Tag: president

Budget 2019: Homebuyers seek Rs 10,000-cr fund to complete stalled projects

The government in the upcoming budget should create a Rs 10,000-crore fund to complete stalled real estate projects across the country and provide relief to over 500,000 people who have booked properties, according to home buyers’ body FPCE. Budget2019

In its budget recommendation to the finance minister, Forum For People’s Collective Efforts (FPCE), earlier knows as Fight for RERA, also demanded that home buyers should be categorised as primary secured creditors.

“You are aware there are over five lakh home buyers whose hard earned life savings are stuck in different real estate projects across the country due to indefinite delay and fund diversion by builders,” FPCE President Abhay Upadhyay said and pitched for the creation of a stress fund to end the mental and financial stress of these home buyers.

The memorandum further noted that “despite RERA (realty law), most of the ongoing projects have not been completed. It is time now to end this problem by creating a stress fund’ to the tune of at least Rs 10,000 crore to complete stuck real estate projects on pan India basis.”

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5 cops suspended after 3-year-old girl’s mutilated body found in Aligarh

Five policemen, including an SHO, have been suspended for alleged negligence, five days after the mutilated body of a three-year-old girl was found in a garbage dump in Aligarh in Uttar Pradesh, triggering a huge public outcry over the brutality of the murder.

The policemen were suspended for alleged delay in registering the case after the girl was reported missing, and also for delaying the probe which eventually led to the discovery of her body on June 2, officials said.

Tappal police station officials registered the case on May 31, a day after she had gone missing. Two suspects have been arrested and police say the case is a fallout of a monetary dispute.

The accused Zahid and Aslam have confessed to killing the girl after her father failed to return Rs 12,000 he had borrowed from them, police sources said.

Asked about the suspension of police officials, Senior Superintendent of Police Akash Kulhari told PTI that it was done on Thursday on the basis of the inquiry conducted by circle officer Pankaj Srivastva.

The girl’s father, Banwarilal Sharma, had threatened to fast unto death, demanding the arrest of the accused’s family members who, he said, “colluded” in the crime. The SSP met him and persuaded him against sitting on fast.

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