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95% real estate companies outside the income tax net, finds CAG
Tuesday, February 12, 2019, 5:51 PM
Nearly 95 percent of real estate companies registered with the Registrar of Companies (RoC) either do not have any permanent account number (PAN) or the RoC did not have any information in this regard. This is what the Comptroller and Auditor General (CAG) has found in its audit of real companies in 12 states.
Govt Eyes Rs 9,000 Crore From Sale Of Land, Realty Assets Of Air India
Tuesday, December 4, 2018, 3:38 PM
The government is looking to raise around Rs.9,000 crore from the sale of debt-laden Air India's land and real estate properties. The sale aims to trim the Rs.55,000-crore debt of the national carrier and fetch a better valuation when there is a strategic sale again. Last week, government approved transfer of debt worth Rs.29,000 crore to a special purpose vehicle.
Bill Gates Spent $171 Million on Washington Farmland, Report Says
Sunday, September 30, 2018, 12:06 PM
World's second richest person Bill Gates reportedly spent $171 million (Rs.1,240 crore) to buy 14,500 acres of farmland in the US' Washington. The Microsoft Co-founder, who is worth $98.9 billion, bought the property from John Hancock Life Insurance Company, which paid $75 million for it in 2010. This is reportedly the most expensive US land sale so far this year.
