Daily Newsletter | Tuesday, February 02, 2016 | | | 14 Pune students on a picnic drown in sea | | Thirteen students of a Pune based college have drowned at the Murud beach, near Alibaug in Raigad district while on a picnic on Monday. The students had come to the beach in three private buses from Pune. |
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| Alphabet overtakes Apple in value; shares soar | | Alphabet Inc surpassed Apple Inc as the most valuable company in the United States in after-hours trading on Monday, knocking the iPhone maker from the top spot that it has held for the better part of four years. |
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| | No Shanghai in sight, just Beijing smog | | Today if you dare to walk down Ahmedabad's busy IIM-Keshavbaugh or Mani nagar road stretches during peak hours you will be exposed to a level of pollution that is almost 10 to 12 times more toxic than what is acceptable under the current central pollution control board standards. |
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| Only one beneficiary of heritage FSI-trading policy | | AHMEDABAD: Ever since the policy of issuing trade-able Transfer of Development Rights (TDR) certificates to heritage property owners was started in February 2013, only one such owner -in Kalupur's Doshiwada no Pol -has been able to benefit from the policy . Many in the walled city are yet even aware of the civic body's new TDR policy.The trade-able TDR to owners of heritage property owners was aimed at boosting conservation of dilapidated havelis in the walled city via sale of trade-able Floor Space Index (FSI).When the TDR policy was declared in 2013, as part of the development plan of Ahmedabad, it was claimed that the policy would attract investment worth Rs 330 crore.This was the state urban development department officials' estimate, worked out after calculating the benefits from the sale of bonus FSI that each heritage property owner could sell to raise funds. The idea was that the sta te government had increased FSI limits for residential R1 zones to 2.7 and R2 to 1.8 and up to 4 for affordable hou sing zone and along BRTS and metro transit corridors.These zones would demand extra FSI that walled city re sidents hold.“De velopers can di rectly approach owners of heritage properties to buy trade-able space at discounted prices rather than going to the state government to buy extra FSI,“ said an AMC official. “The officers estimate that close to Rs 150 crore can be generated from sale of tradable FSI of buildings which have sufficient heritage value and will be given a tradable FSI of 0.3.There are, however, 300 more buildings which have the highest heritage value and will be assigned a tradable FSI of 0.5 and can generate Rs 30 crore for conservation efforts. Other buildings which are in the process of being listed in subsequent phases will only add to the revenue,“ says a senior AMC official.Times ViewMany heritage properties in the Walled City are lying unoccupied or not generating any income for the owners. This is the reason that many havelis have now turned into godowns or have been demolished to make way for commercial properties. It is high time for the Gujarat government to come up with tax incentives for those who get their heritage properties restored or undertake adaptive reuse. |
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| | Battle of smartwatches: Apple Watch vs Moto 360 (2) and others | | Second-generation smartwatches are already here, and while you might have resisted the lure of such technology so far, you might find yourself asking yourself every now and then, "Is it time for one?" Here we tell you about four new smartwatches available here. So go and take your pick ... |
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| | | Airlines to offer discount schemes as fuel cost dips 12% | | Thanks to prices of crude oil coming down, the term fuel surcharge (FS) — a separate charge Indian carriers started levying about seven years back when oil prices began shooting up amid a slowing global economy — is all set to be junked from your air tickets. |
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| Govt panel for 100 amendments to Companies Act | | A government-appointed panel on Monday suggested nearly 100 amendments to the new Companies Act to make it easier to do business in India, including for simpler laws for incorporating a company and for raising funds, as also for insider trading and dealings with top executives. |
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| | Virat Kohli and Anushka Sharma to part ways? | | Looks like the season of break-ups is not going to be ending anytime soon. With reports of several B-Town couple heading for splitsville, 2016 can safely be termed as the year of heart-breaks. |
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