Friday, October 25, 2013

Builder Chandru Raheja, sons chargesheeted in land scam

MUMBAI: In a sensational case, the Economic Offences Wing of Mumbai Police has filed a charge sheet against well known builder Chandru Raheja along with his sons in a cheating case involving a land development deal.

The Economic Offences wing of the Police said they filed the case against Chandru Lachmandas Raheja, Neil Chandru Raheja and Ravi Chandru Raheja  in connection with alleged cheating and breach of trust.

The facts of the case as listed in the charge-sheet are: Mr. Nusli N. Wadia, the Administrator of “The Estate and Effects of The Late Eduljee Framroze Dinshaw in India” executed Development Agreement & Power of Attorney dated 02/01/1995 with Chandru Lachmandas Raheja’s “Ivory Properties and Hotels Pvt. Ltd. for development of properties under his possession.

As per the said Development Agreement, the Administrator had handed over possession of land admeasuring 1,70,656 sq ft to the accused as Agent for development of the land.

The Accused were to construct building called as Ivory Tower and give 12% of sale proceeds from the sale of the building to the Administrator. Further, as per the Development Agreement, the accused were to pay sum of Rs. 3.75 crores to the Administrator as minimum guarantee during the year 1997 and sell the units to “third parties”.

The accused, however, misrepresented that the administrator relinquished his rights over the land and prepared 9 release deeds. Thereafter, during the year 2005-2006, the accused constructed Hypercity Mall on the said land and did not disclose with malafide intentions the same to the Administrator.

Thereafter, under a “conducting agreement”, the accused gave the contract for running the Hypercity mall to their own company – Hypercity Retail India Pvt. Ltd. for monthly rental of Rs. 45 lakhs thereby cheating the Administrator for a sum of Rs. 6,87,06,835.

Hence, the accused i.e. Chandru Lachmandas Raheja, Neil Chandru Raheja and Ravi Chandru Raheja have been charged for crimes conducted under sections 406, 409, 420, 120(B) of Indian Penal Code, the charge sheet said.

Friday, September 27, 2013

Property VAT liable, conditions apply

CREDAI Chief explains impact of SC ruling on Maharashtra and Karnakata
VAT valid only from date of agreement and on flats under construction

MUMBAI: With the Supreme Court upholding the State Governments’ right to levy Value Added Tax (VAT) on real estate, buyers will have to pay the tax on sale transactions.
Explaining the legal position on the apex court’s interim order on petitions from Maharashtra and Karnataka challenging levy of VAT on sale transaction, developers apex body CREDAI Chairman Mr Lalit Kumar Jain said: “We at CREDAI fought for customers as the taxes are to be paid by customers under agreements.”
However, the supreme court has clarified that state has right to levy VAT on such sale agreements and said it can be only on value addition of goods and that it can only be charged from the date of agreement.
Mr Jain said the judgment clearly lays down that an agreement entered into by a Developer/Builder with the purchaser is a composite contract involving a contact for work and labour and contract for sale and the same comes within the meaning of “works  contract” and the provisions of Article 366(29-A)(b) are applicable. The Supreme Court has consequently dismissed the challenge to the Constitutional Validity of section 2(24) of the MVAT Act.
However, in paragraph 115 of the judgment, the Supreme Court has clarified that activity of construction undertaken by a developer would be deemed as works contract only from the stage the Developer enters into a contract with the flat purchaser.
The top Court has also clarified that the tax is chargeable by the state government only on the value addition made to the goods transferred after the agreement is entered into with the flat purchaser, he said.
The Supreme Court has also said VAT is not payable if a fully constructed flat is sold to the flat purchaser as it would not amount to a works contract.
The Supreme Court while upholding the validity of Rule 58(1-A) has held that taxing the sale of goods element in a works contract is permissible even after incorporation of goods, provided tax is directed to the value of goods at the time of their incorporation in the works even though the property in goods passes later, Mr Jain said.
This finding has to be read along with our submission recorded in paragraph 29 of the judgment. Thus, the element of profit cannot be included in the calculation of the value of goods for the purposes of imposing VAT.
The Supreme Court has directed the State Government to bring clarity into Rule 58(1-A) in terms of what is indicated hereinabove.
Addressing the reference made to it, the Supreme Court has held that the law laid down in the case of K.Raheja’s case is correct and has remanded developers’ matter back to the Regular Bench for final disposal.

As CREDAI matter has not been disposed off by the judgment of the Supreme Court and  the interim order passed in our matter will continue to operate till our matter is finally disposed off by the Regular Bench (2 Judge bench) of the Supreme Court, Mr Jain said.

Tuesday, September 3, 2013

Not safe to be a girl – another horror story

She was waiting for her bus to go home after a hectic day’s work. She was alone. Let’s call her Kamala. Suddenly a luxury car came by. The man in driver’s seat lowered his window screen and signed at her: C’mon. Get in. She ignored. He drove for a small distance and returned to repeat his act, this time asking her loudly. She turned her face from him.
He then got off his car and held her hand, ostensibly to drag her into his car. Luckily for her, the bus she was waiting for also rolled in at the same time. Kamala wriggled herself out and quickly ran into the bus.
The man in the car followed the bus, obviously hoping that she would get down somewhere. Meanwhile, the Kamala narrated the horrifying experience to the conductor. He instructed the driver to take the bus to a nearby police station as the car followed the bus.
Sensing trouble, the man in the car disappeared. The police inspector on duty asked Kamala for the car details and all that she could recollect the first two letters of the car “HR”. She panicked and didn’t note any details of the car.

The police officer told Kamala to relax and later sent a lady constable to escort her home.
Note: Girls, this can happen to any one of you. Please note vehicle numbers or just shoot a picture from your mobile phones. Don’t let such rogues escape the law. Be sensible, be safe!

Not Safe to be a Girl in Mumbai

Thursday, August 8, 2013

BARCdevelops 41 varieties of crops under Nuclear Agriculture program

The Bhabha Atomic Research Center (BARC) says till date it has developed 41 varieties of crops under its Nuclear Agriculture program. These include 15 varieties of Groundnut, 3 of Mustard, 2 of Soybean,  1 of Sunflower, 8 of Mung bean (Greengram), 4 of Tur (Pigenopea), 5 of Urad bean (Blackgram),  1of Chavali (Cowpea), 1 of rice and 1 of jute.

Speaking at a press club knowledge series event, organized by BARC and in association with Public Relations Council of India (PRCI), Dr. Suresh G Bhagwat, Head, Nuclear Agriculture & Biotechnology Division – BARC, said: “If the country has to be food self-reliant then it is imperative to embrace Nuclear
Agriculture technology especially when agriculture land is getting scarcer and demand for food is growing exponentially.  India needs to boost its food production as well as ensure its safety and fair distribution to its increasing population. Not many will be aware that nuclear radiation based technologies can contribute to this effort very significantly.”

He added that one of the major benefits of radiation effects on plants is enhancement of genetic variability which can be harnessed for developing new varieties of crops like cereals, pulses and oilseeds with desirable characters such as increased yield, disease resistance, early maturity, salinity or water stress tolerance etc. To-date 41 such varieties of different crops developed by Nuclear Agriculture and Biotechnology Division, BARC at Trombay, in collaboration with some of the Agriculture Universities in different states, have been gazette notified by the ministry of Agriculture, Government of India for commercial cultivation by farmers in different states.
A team of top scientists Bhabha Atomic Research Centre (BARC) displaying crop varieties and irradiated food products at the Mumbai Press Club Knowledge Series held in association with Public Relations Council of India (PRCI). Seen in the picture are: Dr K A Sainis, Director, Bio-Medical Group, Dr A K Sharma, Head, Food Technology Division, Dr S G Bhagwat, Head, Nuclear Agriculture and Biotechnology Division, Dr MGR Rajan, Head, Radiation Medicine Centre, Dr Gaurav Malhotra, Senior Scientist, Radiation Medicine Centre and R K Singh, Head, Public Awareness Division and Spokesperson

BARC has also developed several protocols for micro propagation of elite varieties of Banana. These achievements have been possible because of both - basic research inputs as well as strong linkages with agriculture universities and other major stakeholders.

Dr. Arun K Sharma, Head, Food Technology Division, BARC, presented his study on Post Harvest Technology under Nuclear science. He said: “Much as we may produce, the key to sustainability lies in ensuring proper preservation and safety of food. For this purpose, reduction in post-harvest losses is of utmost importance. Radiation processing of agricultural produce offers a major technology alternative to chemical fumigants for this purpose. Treatment with gamma radiation or electron beam enables dis-infestation of insect pests in stored products, delay in ripening of fresh fruit, inhibition of sprouting in tubers and bulbs like potatoes and onions, destruction of food spoilage bacteria and elimination of parasites and pathogens in food.”

He added: “In addition, dis-infestation of quarantine pests in fresh produce provides a major boost to international trade and promotes export. Considering that India is the world’s second largest producer of fruit and vegetables, the immense potential of radiation processing for export needs to be realised and well utilised. BARC has taken a lead in the development of irradiation protocols for several food products and have a unique R&D presence. Very encouraging signs are increased public acceptance of food irradiation and interest of private entrepreneurs in setting up radiation processing plants.”

Answering to questions from various sections of media on the possible ill effects of Mobile Towers, Dr. Suresh Bhagwat clarified that BARC does not carry out research in the mobile telephony ‘microwave’ technology and confirmed that “However, there is no conclusive evidence of any form of radiation is causing
cancer including mobile telephony.”

Tuesday, June 11, 2013

Waiting for a VIP - Eastern Freeway!

While we await the formal inauguration of the much-awaited Eastern Freeway, let us recap the salient features and its importance as listed by MMRDA:

The ever expanding and populating Eastern parts of Mumbai and Thane have been crucial linkages of growth of the State. The economic activities in these areas needed long term and sustainable infrastructure to meet the present and future demands. The Eastern parts were a key to exponential development owing to its proximity to other major industrial hubs like districts of Thane, Pune, Nashik and Raigad. The planners at MMRDA had envisaged this trend and future demand at very early stage and hence, building the Easter Freeway was not only a need but also a key to unlock immense potentials of prospective growth areas. Not limiting the road connectivity to the city limits, it penetrated right up to the heart of city and connected efficiently up to the extreme ends of the city.
The exit point at Chembur, near RK Studios. Pic: B N Kumar

The Eastern Freeway project was undertaken by MMRDA under Jawaharlal Nehru National Urban Renewal Mission (JNNURM). The Eastern Freeway is planned such that it provides 22.0 km high speed corridor from Chhatrapati Shivaji Maharaj Museum to Eastern Express Highway (EEH). The Freeway also provides direct connectivity to new CST Railway Terminus and facilities to and fro movement of goods traffic in Mumbai Port Trust (MbPT) area.
As planned the EF starts from Museum, passes along Shahid Bhagatsingh Marg, Wadi Bundar on P.D ’Mello Road and further enters into MbPT area and finally joins EEH via Anik Panjrapole Link Road (APLR). Total length of proposed (Phase-I) project is 12 km from Museum to Anik which includes, ground improvement of existing road, 4-lane Elevated corridor of about 9 km and construction of missing link.

As per revised
Talking into consideration the quantum of structures to be dismantled on P. D ’Mello road, recent improvement of the road by MCGM and integration of Eastern Freeway with APLR on WTT road, the length of Eastern Freeway (Phase 1) is modified to 9.29. Km under.

Section I -From S.V Patel road junction on P.D ’Mello road to Orange gate comprising of up and down ramps (0.41Km)
Section II - Orange gate to Mbpt pipeline gate- elevated corridor (7.02)
Section III - Mbpt pipe line gate to WTT road comprising of construction of elevator corridor through Salt pan (Missing Link) and Customs area (0.78 Km)
Section IV - WTT road near customs area to start of APLR- Elevated corridor (1.08 Km)
The project cost is estimated at Rs 531 crore and is approved under JNNURM with 35% financial assistance from Government of India, State Government and MMRDA share 15% and 50% respectively. M/s. Simplex Infrastructures Ltd. is roped in for the project. The project commenced in January, 2008.
The project also consists of constructing Mumbai ’s first and the only twin tunnel at the footsteps of the Bhabha Atomic Research Centre (BARC) mountain. The twin tunnels are approximately half a kilometre in length each; with 17 metres in width and 10 metres in height, it will have four carriageways in each tunnel.
The project, under Mumbai Urban Infrastructure Project (MUIP), is instrumental in reducing congestion in the beneficial areas which have emerged as prominent suburbs with substantial population and road traffic growth. The project provides easy and effective connectivity between suburbs and city and moreover, industrial establishments around the city and other cities. The project has also improved much needed connectivity among Western suburbs, Eastern suburbs and Harbor suburbs of MMR.

Friday, June 7, 2013

Jio Mere Lal! Ambani Bros to share telecom towers!

Reliance Jio Infocomm Ltd. and Reliance Communications Ltd. today announced the signing of a definitive agreement for sharing of RCOM’s nationwide telecom towers infrastructure.

Under the terms of the agreement, Reliance Jio Infocomm will utilise upto 45,000 ground and rooftop based towers across RCOM’s nationwide network for accelerated roll-out of its stateof-the-art 4G services.

The agreement provides for joint working arrangements to configure the scope of additional towers to be built at new locations to ensure deep penetration and seamless delivery of next generation services.

This agreement follows the inter-city optic fiber sharing agreement already signed in April 2013 as part of a comprehensive framework of business co-operation between Reliance Jio Infocomm and Reliance Communications.

Thursday, June 6, 2013

Realty Regulator can bring in corruption, CREDAI Chairman apprehends

·         Many provisions are against the industry and consumer interest, says Lalit Kumar Jain

MUMBAI, June 6, 2013: Stating that the Real Estate Regulatory Bill approved by the Union Cabinet seeks to whip only errant developers, realtors apex body CREDAI Chairman Mr. Lalit Kumar Jain has expressed fear that it could encourage corruption instead of curtailing the social menace.
Mr. Jain expressed his views on the subject based on the press release from the Union Cabinet and added that he would provide detailed observation after receiving the draft legislation.
Mr. Jain, who is also the Chairman and Managing Director of Mumbai-Pune developer Kumar Urban Development Limited (KUL), said the real estate sector definitely needs a regulator on the lines of the one controlling telecom, banking, stock markets and insurance sectors.
He lauded the intent of the Housing Minister but said that the discretionary powers for registering or deregistering projects and adjudication by a bureaucrat could become breeding grounds for corruption. Moreover, the provision for criminal prosecution of developers could lead to the exit of professional and qualified developers.
“Our fear is that those with expertise to handle political influencers will only survive, thus leaving the all important industry in the hands of corrupt people,” Mr. Jain said and called for regulator covering all stakeholders like defaulting customers, the approving authorities and financial institutions that fund projects.
“How can anyone blame the developer if a project is held up due to approval delays or funds for that matter?” he asked.
“CREDAI has worked hard to advise the ministry to come out with appropriate comprehensive Bill with teeth to direct all stakeholders including approving authorities which will protect consumers while enhancing quality environment for the business,” he pointed out. Otherwise it will be an added establishment with huge costs, serving no purpose other than adding cost, thereby making tenements costlier.
Mr. Jain welcomed the statement of Mr. Ajay Maken, Union Minister for Housing and Urban Poverty Alleviation, that the Bill provides for a uniform regulatory environment to protect consumer interests, help speedy adjudication of disputes and ensure orderly growth of the real estate sector.
“Also, the promotional role of the proposed Regulator like standardization in the sector carpet area, checking money trail and curbing money laundering, professionalism and promoting planned development are music to our ears,” he quipped.
On the provision in the Bill for mandatory deposit of 70% of the cost in an escrow account, Mr. Jain pointed out: “This is impractical.”
The construction cost of the project varies in different markets. For instance, in micro markets as in prime areas, the cost of construction may be around 30% where as in suburban areas it could be a high at 80% of the entire cost elements. The provision should be based on the ratio of the extent of the construction cost so as to ensure timely completion of projects, and prevent fund diversion. Otherwise, the growth in the sector will get arrested as the reality of the day is that funding for land purchase is just not available from banks, thanks to the negative weightage given by the RBI for real estate finance.
He explained that the Bill provides for a speedy and specialized adjudication mechanism to settle disputes by an officer of the rank of joint secretary. This is also not practical since the judicial process is a specialized task and hence an expert of the field only can redress the disputes. Or, it should be left to a judicial officer and not bureaucrats, in any case, who may be influenced by higher-ups or corruption.

The Bill should have aimed at catalyzing domestic and foreign investment into the real estate, thereby contributing to enhance economic activity and increase in GDP growth. Sadly, this is missing, Mr. Jain added.

Tuesday, May 28, 2013

Midair scare on AI A320 - Overhead electric panel breaks

In a bizarre incident, an overhead electric panel in an Air India Airbus on Chennai-Mumbai flight fell off last  night, precariously clinging and creating scare among passengers.
The panel came off as the A320 on flight AI 571 took off.
The affected panel, that has overhead reading lamps and switches for alerting the fight crew, was above seat number 2, row DEF while I was on seat 3F.
The air hostesses who were in take off positions were also equally shocked as the passengers. They rushed to the seat as the seat belt sign was switched off and offered another seat in the back rows to the passengers as the hanging panel could hurt them.
The air hostess tried to push the panel back but it wouldn’t get stuck again. Some passengers tried to hold it by inserting a piece of newspaper – like we do in case of old taxi doors – but that too didn’t work.

Then someone suggested to the crew to get hold of an adhesive tape. No passenger would have such a tape since it is banned on flights as it is a potential hijack tool.
Finally, the airhostess found a piece of black adhesive tape and passengers helped her in sticking up the panel.
Our worry that the panel could break off completely and cause short circuit as it has several eclectic wires and to add to the panic was the fact that the flight was rocking due to bad weather conditions.
The incident raised questions on the poor standard of maintenance of aircraft and the passengers in other seats also clicked pictures from their mobile phones.
The airhostess thanked the passengers for showing commonsense and commented “so far, so good” as the flight landed safe at Mumbai.
I also observed that the flush button in the toilet behind the pilot’s cabin was also hanging and when brought this to the crew’s attention all that she said was: “I know the loo is stinking. Thank god, I don’t use it.”
I experienced another scary incident earlier the same day when the overhead baggage bin’s door opened up on a JetKonnect ATR flight from Madurai to Chennai. The flight was taxiing fast and the airhostess was about to finish her safety demonstration. Luckily the huge bag did not fall on the passenger below as the crew member quickly shut the bin.

Monday, May 20, 2013

Just Dial - Just not another IPO

Company aims to cash in on 10% retail discount, safety net

On the back of the largest discount of 10% for retain investors and the growing internet penetration in the country, local search engine Just Dial Limited hits the capital markets on today with its public offering targeting to raise Rs950 crores.
“This is for the first time that any company is offering such a huge discount of 10% at the lower price band,” said Mr Arun Kejriwal, director of KRIS. “What is also notable is the fact that Just Dial has set aside only 10% for retail subscribers, coupled with a safety net and this is bound to enhance retail investor interest in the issue,” he said.
Just Dial has already raised over Rs 208 crore through issue of shares to anchor investors, including Goldman Sachs and HSBC, by allocating 39.37 lakh shares to anchor investors at a price of Rs 530 per piece.
The anchor investors include Goldman Sachs India Fund, HSBC Bank (Mauritius) Ltd, Birla Sunlife Trustee Company Pvt Ltd, DSP Blackrock Opportunities Fund and Deutsche Securities Mauritius Ltd, the filing said.
The IPO would see promoters and other investors selling 17.49 million shares or 25.2 per cent of the paid up equity capital. Post issue the promoters would have 33 per cent and the issue does not involve the company issuing fresh shares.
As per McKinsey & Company, India’s middle class, generally comprising people with  annual income range of Rs 200,000 to Rs 1,000,000, is expected to grow by over 10 times to approximately 583  million people by 2025.
According to Internet World Stats, as of June 30, 2012, Internet penetration was at 11.4% in India, compared to over 78.1% in the United States. There were approximately 137 million Internet users in India, making it the third largest population of Internet users after China and the United States. According to TRAI, the number of mobile subscribers in India is expected to exceed 1,000 million by 2014. With the growth projected for India’s middle class and for Internet and mobile usage in India, we believe our potential user base remains largely untapped and offers significant potential for growth.
Analysts say these augur well for search engines like Just Dial which also plans to expand its bouquet of services.
Citigroup and Morgan Stanley are the book-running lead managers to the issue and Justdial plans to list on the BSE, NSE and MCX-SX.
Recommending subscription to the IPO, GEPL Capital said, with its unique, un parallel business model & strong brand recognition Just Dial Is expected to maintain its dominant position in the local search market.
The company’s business model is “efficient as it promotes continuity in subscriptions and cash flows”, GEPL said and remarked: “It is also noticeable that such kind of model is difficult to be replicated due to the challenge of establishing the requisite credibility and relationship with paid advertisers.”
As of December 31, 2012, Just Dial had no long-term borrowings which are a competitive advantage for the company and a platform to grow operations without being constrained by significant reliance on external financing sources, GEPL said.
HDFC Securities notes in its analysis that Just Dial search service bridges the gap between its users and businesses by helping users find relevant providers of products and services quickly while helping businesses listed in its database to market their offerings. “Its search service is particularly relevant to SMEs, which currently, do not have many other cost effective options to access and advertise to such a large number of potential consumers,” HDFC Securities says.
In its offer document Just Dial says it intends to keep up with the latest in mobile Internet technology to provide its search services. In collaboration with service providers and vendors, the company is in the process of developing the ability for users to complete a number of bookings and purchases which are integrated in the search results from our website, mobile Internet WAP site and our Master App, including reservations at restaurants, home delivery of, ordering groceries, booking doctors’ appointments and even taxi bookings.
The company is also in the process of developing a car listings website in which users can research and rate car models being offered for sale, list their cars for sale and receive price quotes from vendors of both new and used cars.
Another new application called “Quick Quotes” will provide prospective buyers with a price quote from multiple vendors and which will be available 24x7.
Just Dial’s consolidated total revenue from continuing operations increased from Rs716.0 million in fiscal 2008 to Rs 2,770.2 million in fiscal 2012, representing a CAGR of 40.2%. 

Wednesday, April 17, 2013

Sahara Q Shop makes it to Guinness Book

•Opens record 315 stores at the same time across India

Sahara Q Shop, the quality consumer merchandise retail venture of Sahara India Pariwar, has entered the coveted record books of GUINNESS WORLD RECORDS by opening a record number of retail outlets across the country, at one time. Sahara Q Shop, on 1st April, 2013 at 4:00 p.m, simultaneously opened 315 Sahara Q Shop stores in 10 States across India. The opening of outlets was monitored by officials from GUINNESS WORLD RECORDS to verify and register the new world record set by Sahara Q Shop.

GUINNESS WORLD RECORDS presented the official certificate to ‘Saharasri’ Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, officially registering the name of Sahara Q Shop in the prestigious world record books.

Sahara Q Shop stores opened under franchisees as well as company owned formats, having sizes of 300 sq. ft, 400 sq. ft and 500 sq. ft area.  The stores will provide 100% unadulterated, quality consumer merchandise products to the citizens of India at the right prices of food (staples and processed food) non food (personal care and home care), General Merchandise, Consumer Durables and Lifestyle products.  

Sahara Q Shop has 550 operational stores.  By end of this financial year (April 2013 to 31st March 2014) this count will reach 10,000 stores across India.

Speaking on the occasion, ‘Saharasri’ Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, said, “It’s a moment of great pleasure for me to present 315 more stores to the people of our beloved nation.
The outlets are one more initiative to curb the menace of adulteration in the market and provide the society with 100% unadulterated, quality consumer merchandise products at fair market prices. I would also like to thank the team of GUINNESS WORLD RECORDS for appreciating our effort by accepting it as a new record.”

Mr. Nikhil Shukla, India representative and adjudicator, GUINNESS WORLD RECORDS, said, “We certify the new record made by Sahara Q Shop of most stores launched simultaneously. Most stores launched simultaneously means that all these stores had to be launched at the same time, and Sahara Q Shop achieved this by launching these 315 stores at 4:00 pm IST. We congratulate Sahara for this achievement and wish them all the very best for the future.

Mr. Romie Dutt - Executive Director, Sahara Q Shop said “In a short span of almost 8 months from our launch, the consumers have appreciated our products for quality and purity and we are rapidly expanding our distribution network to provide our quality consumer merchandise to the entire country.

The ‘Sahara Q Shop’100% unadulterated quality consumer merchandise products go through stringent multi level checks and quality assurance protocol. A complete quality process from sourcing of raw material, to manufacturing, packaging, warehousing, till it reaches the doorstep of the consumer, provides end to end quality control. There are 7 independent, state-of-the-art quality laboratories and 104 online testing facilities ensuring best product development and constant quality check. This is supported by a ‘Sahara Q Shop’ Quality Advisory Board comprising of renowned scientist and food technologists, besides 50 quality experts and associates, 150 Quality Control Executives, 30 Quality Managers and 500 Quality Advisors to ensure highest quality standards across all its product offerings.

The ‘Sahara Q Shop’ employs stringent vendor selection criteria and has developed a 100 point quality check for selection and review of its vendors. Besides, ‘Sahara Q Shop’ has a Q Vigilance Team (QVT), which has been set up at Baddi, in Himachal Pradesh, where most of the production for Sahara Q Shop is taking place. The QVT consists of select, trained commandos who have been deployed at all the manufacturing facilities to keep miscreants at bay and prevent sabotage.

About Sahara Q Shop

Quality Consumer Merchandise Retail Venture - Sahara Q Shop=Q=QUALITY=PURITY=OUR MISSION

Sahara India Pariwar is offering, through Q Shop, 100% unadulterated Quality Consumer Merchandise products to the country. Q Shop will provide best quality household items every month from conveniently located franchisee/exclusive retail store. With this mission, to curb the menace of prevalent adulteration practices in the market, Sahara Q Shop is committed to the guarantee of good health for you and your family. Sahara Q Shop will revolutionize the concept of easy and hassle free shopping.

It is Sahara’s challenge that not even a single item will be adulterated. All house hold items will be available at fair market price (sometimes even for less) and 100% quality items right at consumers doorstep.  Our Quality Consumer Merchandise Retail is entering the market to bring a paradigm shift in quality parameters’ being followed by the industry and also making the revolutionary idea of easy and hassle-free shopping a reality.

We are offering our esteemed customers
• Completely unadulterated best quality
• 100% right weight/quantity
• Fair price

Wednesday, January 2, 2013

CREDAI warns of investor, job losses in high tax Maharashtra

MUMBAI, January 02, 2013: Opposing the Maharashtra government’s decision to hike stamp duty and other taxes related to property, realty developers’ apex body CREDAI has cautioned against capital flight from the State to neighbouring Gujarat and even to Jakarta.
The various departments of the state government are planning to increase revenues without a comprehensive approach, CREDAI national president Mr Lalit Kumar Jain, who is also the Chairman and managing director of Mumbai-Pune developer Kumar Urban development Limited (KUL).
He recalled that the hike in lease rentals, property taxes, fungible premium and now hike in ready reckoner rates despite the market realities of fall in sales bear testimony to the fact that the government officials’ adopt a unilateral approach and their mindset to increase revenues by hook or crook.
Mr. Jain appealed to Chief Minister Mr Prithviraj Chavan to take a comprehensive approach and involve all stake holders before the government takes decisions that impact home buyers and developers. “We as the developer community can work with the government to increase revenue by volume approach,” he said and reiterated CREDAI pledge to contribute to the State's economic growth.
“The unilateral revenue hike move will lead to increase in the cost of living and even make the cost of business dearer which will ultimately lead to job cuts that will prove detrimental to the State’s economy,” Mr Jain said.
“We will lose business to global growth cities like Jakarta and within the country to investor friendly states like Gujarat,” he said.