ATM WITHDRAWAL LIMIT INCREASED TO RS.10,000/-


RBI/2016-17/213
DCM (Plg) No.2559/10.27.00/2016-17

January 16, 2017

The Chairman / Managing Director / Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks /
Regional Rural Banks / Urban Co-operative Banks /
State Co-operative Banks/District Central Co-operative Banks

Dear Sir,

Enhancement of withdrawal limits from ATMs and Current Accounts

Please refer to our circulars DCM (Plg) No. 1274, 1317, 1437 and 2142/10.27.00/2016-17 dated November 14, 21 and 28 and December 30, 2016, respectively, on the above subject.

2. On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enhance the same, with immediate effect as under:

(i) The limit on withdrawals from ATMs has been enhanced from the current limit of ₹ 4,500/- to ₹ 10,000/- per day per card (It will be operative within the existing overall weekly limit).

(ii) The limit on withdrawal from current accounts has been enhanced from the current limit of ₹ 50,000/- per week to ₹ 1,00,000/- per week and it extends to overdraft and cash credit accounts also.

3. There are no changes in the other conditions. The relaxations as provided in our circular dated November 28, 2016 will continue.

4. Please acknowledge receipt.

Yours faithfully,

(P Vijaya Kumar)
Chief General Manager

NATIONAL GREEN TRIBUNAL ORDER ON ALL THE DEVELOPMENT PROJECTS – NO CLEARANCE WITHOUT PROPER COLLECTION, PROCESSING AND DISPOSAL OF SEWAGE AND GARBAGE !!!


NGT ORDERS ON DEVELOPMENT PROJECT

Any development project, which is bound to generate waste and sewage, should not be granted clearance unless its plan provides for proper collection, processing and disposal of sewage and garbage, the National Green Tribunal has said.

 

“It needs no wonders to understand that any development, residential, industrial or commercial is bound to generate municipal waste and sewage. Thus, when plans are made for such development, authorities including ministries and others are statutorily required to ensure that proper processing facilities for dealing with the municipal solid waste as well as for treating sewage are available,” a bench headed by NGT Chief Justice Swatanter Kumar said.

 

The green panel said it is “statutory obligation on all authorities to ensure that waste is not dumped randomly and it is collected, segregated, transported and disposed of in accordance with Municipal Solid Wastes (Management & Handling) Rules, 2000 and 2016.

 

It said that planning of projects would be “faulty” if precaution is not taken before commencing any plan which is essential for sustainable development.

It issued notices to all the states and UTs to show cause as to why the tribunal should not pass directions requiring authorities to strictly adhere to the doctrine of sustainable development in its true spirit.

 

“Why any development project, industrial, residential and commercial, be directed not to commence until and unless development plan duly provide for collection, processing and disposal of municipal solid waste in accordance with law,” the bench said, while hearing a petition filed by Kudrat Sandhu against violation of waste management norms in the capital.

 

Bengaluru realty developers top best practices rankings – A Report


 A PRESS REPORT ON THE BEST PRACTICES OF REAL ESTATE DEVELOPERS ACROSS INDIA

BANGALORE TOPS THE BEST PRACTICES

A REPORT

Bengaluru emerges as by far the best market for property in terms of a variety of metrics, according to a first of its kind study of the top developers in India.

City based developers take four out of the top five, and seven out of the top 20 spots in a rating that looks at ten “best practice“ parameters, including fiscal management, functional professionalism, execution, consumer connect and transparent deals. Sobha, Prestige, Embassy and Brigade feature in the top five; Godrej Properties, at No.2, was the only non-Bengaluru developer here. Puravankara, Nitesh and RMZ feature in the top 20.

The study done by independent Delhi-based research centre and think-tank group Track2Realty has looked at 100 leading developers across the country . Track2Realty says the rankings are based on a survey of 10,000 respondents, focusing on 4Ps, namely practice, process, perception and performance. It noted that “best practices“ and “Indian developers“ may sound contradictory , and “too critical (an) evaluation would have amounted to discarding the majority of the top line developers from the list of Top 100.“

The companies were initially selected from different cities based on their market size, market impact, market differentiationcontribution, investors’ choice and public perception. They were then evaluated on the ten best practice parameters. Other parameters included market depth, care, employer, communication, and desirable practices.

Sobha got the highest ratings in six parameters, including transparent deals, consumer connect, commu nication and care. The report said Sobha was the only developer with a backward integration model for quality control and topped the table on public perception and brand satisfaction. Its debt-equity ratio, along with Puravankara, and borrowing cost are also better than the corporate benchmark of listed companies, the report added.

Prestige was at No. 3 and the report notes that it has an impressive track record of delivering to satisfaction, having the least number of consumer cases and litigations, and reporting better results compared to most national developers in spite of being a predominantly south India developer. Embassy was the top choice in office space and commercial real estate. The report called it the top choice of foreign investors in India for both property development and asset management.Brigade was lauded for being one of the top picks for foreign investors, for expansion through joint ventures and license to build five World Trade Centres in the south.

Sobha, Prestige, Embassy and Brigade also featured among the top 10 companies in the country in terms of “buyers’ vote of trust“ ­ at Nos. 1, 2, 4, and 6 respectively .The report said about 7 customers out of 10 were ready to be repeat customers of Sobha, and 6 out of 10 for Prestige.Both these also had top of mind recall. Embassy has the perception of a “clean and transparent developer.“ Brigade has a good track record of buyer satisfaction across segments.

There is also a “buyers’ market preference“ ranking, and Bengaluru takes the top spot. It gets the best ratings in parameters including developers’ credentials, amenities & pricing, job market, and law & order. In developers credentials, the Bengaluru ones score the highest at 7.5 (on 10), followed by Chennai and Mumbai at 7 each. Builders from Delhi NCR score the lowest at 5.

Bengalureans may complain about the infrastructure, but the city’s infrastructure & connectivity also gets the top rating; Ahmedabad is the only other city with the same rating. Track2Realty said the survey respondents were predominantly educated professionals, with nearly equal number of respondents selected from luxury, mid-segment and affordable houses.

best-real-estate-companies-with-good-practice-in-bengaluru

Akrama – Sakrama – a news report


AKRAMA SAKRAMA – A NEWS REPORT

 ನಗರ ಮತ್ತು ಪಟ್ಟಣ ಪ್ರದೇಶಗಳ ಅಕ್ರಮಸಕ್ರಮ ಯೋಜನೆಗೆ ಸುಪ್ರೀಂಕೋರ್ಟ್ತಡೆಯಾಜ್ಞೆ ನೀಡಿರುವುದರಿಂದ  ಸರ್ಕಾರಕ್ಕೆ ಹಿನ್ನಡೆಯಾಗಿದೆ.

ಸುಪ್ರೀಂ ಕೋರ್ಟ್ ಆದೇಶದಂತೆ ಎಲ್ಲಾ ಕಾನೂನು ಸಮಸ್ಯೆಗಳನ್ನು ಬಗೆಹರಿಸಿಕೊಂಡು ಯೋಜನೆ ಜಾರಿಗೊಳಿಸಲು ಕನಿಷ್ಠ ಮೂರು ವರ್ಷ ಸಮಯ ಬೇಕಾಗುತ್ತದೆ .  ಹೀಗಾಗಿ ಅಕ್ರಮಸಕ್ರಮ ಅನುಷ್ಠಾನ ಗೊಳಿಸಲು ಸರ್ಕಾರಕ್ಕೆ ಸಾಧ್ಯವಿಲ್ಲ ಎಂದು ಕಾನೂನು ತಜ್ಞರು ಅಭಿಪ್ರಾಯ ಪಟ್ಟಿದ್ದಾರೆ.

ಸುಪ್ರೀಂಕೋರ್ಟ್ ನೀಡರುವ ಆದೇಶ ಪ್ರತಿ ಇನ್ನೂ ನಮ್ಮ ಕೈಸೇರಿಲ್ಲ, ಆದೇಶ ಪ್ರತಿ ನಮ್ಮ ಕೈಗೆ ಸಿಕ್ಕಿದ ಕೂಡಲೇ ಕಾನೂನು ತಜ್ಞರ ಜೊತೆ ಸಮಾಲೋಚಿಸಿ ಮುಂದಿನ ಕ್ರಮ ಕೈಗೊಳ್ಳಲಾಗುವುದು ಎಂದು ಬಿಬಿಎಂಪಿ ಆಯುಕ್ತ ಮಂಜುನಾಥ್ ಪ್ರಸಾದ್ ಹೇಳಿದ್ದಾರೆ. ಆದರೆ  ಇದು ಶೀಘ್ರವೇ ಬಗೆ ಹರಿಯುವ ಕಾರ್ಯವಲ್ಲ ಎಂಬುದು ಕಾನೂನು ತಜ್ಞರ ಅಭಿಪ್ರಾಯವಾಗಿದೆ.

ಸದ್ಯ ವಿಷಯ ಸುಪ್ರಿಂ ಕೋರ್ಟ್ ನಲ್ಲಿದೆ, ಹೀಗಾಗಿ ಕನಿಷ್ಠ ಪಕ್ಷ ಮೂರು ವರ್ಷವಾದರೂ (3 YEARS) ಸಮಯ ಹಿಡಿಯುತ್ತದೆ. ಅಕ್ರಮ ಸಕ್ರಮ ವಿಚಾರವಾಗಿ ತೀರ್ಪು ನೀಡಲು ಹೈಕೋರ್ಟ್ ಹಿಂದೆ 10 ವರ್ಷಗಳ ಕಾಲ ಸಮಯ ತೆಗೆದು ಕೊಂಡಿತ್ತು ಎಂದು ಹೈಕೋರ್ಟ್ ವಕೀಲರೊಬ್ಬರು ತಿಳಿಸಿದ್ದಾರೆ.

ಆದರೆ ಯಾವುದೇ ಸಮಯದಲ್ಲಾದರೂ ಸುಪ್ರೀಂಕೋರ್ಟ್ ವಿಷಯ ಸಂಬಂಧ ಸಮಸ್ಯೆಗಳನ್ನು ಬಗೆಹರಿಸಿ ಸರ್ಕಾರ ಹಾಗೂ ಬಿಬಿಎಂಪಿಗೆ ರಿಲೀಫ್ ನೀಡಬಹುದು ಎಂದು ಹೆಸರು ಹೇಳಲು ಇಚ್ಚಿಸದ ವಕೀಲರೊಬ್ಬರು ತಿಳಿಸಿದ್ದಾರೆ.

2004 ರಲ್ಲಿ ಎಸ್ ಎಂ ಕೃಷ್ಣ ಸಿಎಂ ಆಗಿದ್ದ ಅವಧಿಯಲ್ಲಿ ಅಕ್ರಮಸಕ್ರಮ ಯೋಜನೆ ಅನುಷ್ಠಾನಗೊಳಿಸಲು ಮುಂದಾದದರು. ಅಂದಿನಿಂದ ಇಂದಿನಿವರೆಗೆ, ಅಂದರೆ, ಎಚ್.ಡಿ ಕುಮಾರಸ್ವಾಮಿ, ಬಿಎಸ್ ಯಡಿಯೂರಪ್ಪ, ಡಿವಿ ಸದಾನಂದಗೌಡ ಹಾಗೂ ಜಗದೀಶ್ ಶೆಟ್ಟರ್ ಮತ್ತು ಸಿದ್ದರಾಮಯ್ಯ ಅವರ ವರೆಗೊ ಹಲವು ಕಾನೂನಾತ್ಮಕ ಸಮಸ್ಯೆಗಳು ಎದುರಾಗುತ್ತಲೆ ಇವೆ.

 

MOBILE APPS AND CYBER CRIME –


DO NOT DOWNLOAD SUSPICIOUS OR SPURIOUS OR UNKNOWN SOURCE FREEWARE  MOBILE APPLICATIONS WITHOUT PROPER AND DILIGENT EXAMINATION – A NEWS REPORT

MOBILE DATA,  PHOTOS,  PERSONAL DETAILS CAN BE HACKED THROUGH MOBILE APPLICATIONS.

WATCH OUT AND BE CAREFUL BEFORE DOWNLOADING THE APPS

It has come to light that pirated phone applications are now being used to hack into personal details, including photographs and bank credentials, of mobile phone users. With the help of malware implanted in them, hackers are accessing mobile wallets and banking applications on people’s mobile phones.

This has become a cause for concern as online transactions have increased in the wake of demonetisation, and the number of such malware entering mobile phones are also on the rise, experts have said.

The victims are also led to malware implanting websites through links sent through WhatsApp messages.

Pavan Duggal, Supreme Court advocate specialising in cyber law, said that the number of cases pertaining to mobile wallets being comprised in Bengaluru itself has gone up. “In the wake of demonetisation, breaches in cyber security have increased,” he said.

How it works

Mobile users should be aware that the malware, including ransomware, keylogger and coat-trailing trojans, can be transmitted through the applications. “These malwares infiltrate the mobile phones and computers too,” said N. Vijayshankar, cyber security expert. They point out that there are three methods in which a phone or laptop can get compromised by a malware – via an application-led attack, through browsers or through Internet networks like free Wi-Fi.

“Once a malware such as ransomware is implanted in the phone, it either locks the phone or encrypts the data. Important data like photos, bank details and other information can be stolen,” said Kapil Awasthi, security evangelist, Checkpoint, India, a cyber-security company.

With the increase in digital payment mechanisms, ransomware operators can be expected to launch more attacks. “Earlier, laptops used to be the targets for malware. Now, even mobile phones are targets. In the last eight months, we have seen desktops, which are behind layers of security in an organisation, also being attacked by ransomware,” he said.

Once locked or encrypted, the hackers demand a ransom. “Most often the payment has to be through bitcoins. However, the ransom is most often an amount that is affordable by the victim,” added Mr. Awasthi.

Meanwhile, the key logger malware captures the key strokes and in this manner steals the credentials. The accompanying trojan on the other hand enters a particular site, like that of a bank, when the victim logs in and then transfers the money into different accounts.

Laws needed

Mr. Duggal added that there is a need to have a proper legal framework to assist victims who lose money to cyber criminals. “There should be dedicated cyber security laws as India is already on the way to a cashless economy,” he said.

Do not download or load or save personal or other data in your mobile, it will lead to cybercrime.  Use the data and delete it.

Do not download suspicious apps.

 

Update/Latest on Akrama Sakrama


 The Supreme Court of India has stayed the High Court Orders allowing the Akrama Sakrama Scheme and has directed not to process the applications.

As of now, the scheme is stuck in the legal battle again as expected.

 

We had published this article on 28-12-2016 and it happened

AKRAMA-SAKRAMA – WILL IT HAPPEN?

3 Votes

The regularisation of unauthorised layouts, sites and illegal buildings in municipal limits may hit a blockade, if the citizen forums bring in an order from the Apex Court.  It is learnt that the honest tax paying and law abiding citizens are waiting for the notification from the government regarding the implementation of Akrama – Sakrama Scheme to approach the Supreme Court with their legitimate grievance.

Wait for the Apex Court`s decision.

Akrama – Sakrama `s implementation depends upon the proper notification and implementation, any deviation or diversion will hit a roadblock.