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If Goa is your all-time favourite destination and you throng the coastal state at least once in a year, you should probably own a house there now. 
 
Goa is one of the preferred destinations and all-time favourite places to unwind and relax. Pristine beaches, shacks, night clubs, cruise, etc, you name it and Goa will have everything to make your stay enjoyable and memorable. 
 Now, if you add a dash of luxury to it, your experience in the coastal state will go a few notches up. If you imagined having a house of your own near a river or a beach, that too in a quite locale, this upcoming project by <keyword id="6613497" type="COMPANY" weightage="20" keywordseo="Tata-Housing">Tata Housing</keyword> will surely attract you. 
 
Rio-De-Goa-a residential project by Tata Housing- is an upcoming luxurious project by the company, which is spread over 4.82 acres. 
 
Located in south Goa, the project is near Goa International Airport and Zuari River. 
 
Each and every apartment in the 14-tower project will be done tastefully and offer every opportunity to maximise your wellness. 
 
The project has plethora of facilities such as swimming pool, open air amphitheatre, meditation garden, tranquillity deck, etc. 
 
Here’s how the project, once completed, is going to look like

Tata is building luxurious homes in Goa and they are beyond amazing. Take a look

The CBDT on Monday claimed that the Income Tax Department has busted a hawala racket worth ₹ 3,300-crore and spread across multiple cities such as Delhi, Mumbai and Hyderabad with links to "leading corporate houses" in the infrastructure sector. The raids to unearth the large tax evasion nexus were conducted in the first week of this month on 42 premises in Delhi, Mumbai, Hyderabad, Erode, Pune, Agra and <keyword id="826" type="LOCATION" weightage="20" keywordseo="Goa">Goa</keyword> on a group of people indulging in issuing bogus bills and carrying on hawala transactions. "The search action was successful in unearthing incriminating evidences and establishing the nexus between big corporates, hawala operators and identification of entire chain of delivery, as well as siphoning of funds by way of bogus contracts to the tune of Rs 3,300 crore," the CBDT said in a statement. The raids resulted in busting of a "major racket of cash generation" by leading corporate houses in the infrastructure sector through bogus contracts and bills, it said. Hawala denotes illegal transaction of funds by skirting the legal banking channels. "Funds meant for public infrastructure projects were siphoned off through entry operators, lobbyists and hawala dealers," it said. The Board, the policy-making body for the I-T department, however, did not identify the entities raided. The companies involved in siphoning of funds are mostly located in the national capital region and Mumbai, it said. One such company was earlier searched by I-T sleuths in April this year, the statement said. "The projects involved in bogus billing are major infrastructure and EWS (economically weaker section) projects located in south India." "Evidence of cash payment of more than Rs 150 crore to a prominent person in <keyword id="37102" type="LOCATION" weightage="20" keywordseo="Andhra-Pradesh">Andhra Pradesh</keyword> has also been unearthed during the search," the CBDT said. "Unexplained cash of Rs 4.19 crore and jewellery (worth) in excess of Rs 3.2 crore was also seized during the search operation," it said. NES NES TIR TIR

Income Tax department uncovers a hawala nexus involving top infra firms

The CVoter exit poll predicts a neck and neck battle between the <keyword id="1575" type="ORGANIZATION" weightage="20" keywordseo="Congress">Congress</keyword> and the <keyword id="14666" type="ORGANIZATION" weightage="20" keywordseo="BJP">BJP</keyword> in Goa. 
 
None of the parties seem to be gaining a clear majority in the 40-member state assembly. The ruling BJP is expected to win anywhere between 15-21 seats in North and South Goa, CVoter exit poll reported. The Congress is projected to win 5 to 9 seats in North Goa, and between 6 to 10 seats in South Goa. 
 
The fate of Aam Aadmi Party's debut in Goa, seen as an interloper by opponents, hangs in the balance. CVoter predicts a narrow margin of 0-4 seats for the predominantly north-Indian party. 
 An alliance of <keyword id="179525" type="ORGANIZATION" weightage="20" keywordseo="Maharashtrawadi-Gomantak-Party">Maharashtrawadi Gomantak Party</keyword> (MGP), Shiv Sena and Goa Suraksha Manch (GSM) is also competing for the 40-member House. The BJP, which had a pre-poll alliance in 2012, went alone this time after the MGP snapped the partnership. 
 
Other parties are expected to capture 2 to 8 seats in the state assembly. 
 
If these figures turn out to be accurate, a hung house becomes a very real possibility in the country's smallest state. 
 Goa, which went to polls on February 4, had a record-breaking 83 per cent voter turnout. The counting of votes in Goa will take place on March 11, along with four other states - <keyword id="44522" type="CITY" weightage="20" keywordseo="Uttarakhand">Uttarakhand</keyword>, Punjab, Manipur and Uttar Pradesh, where Assembly polls were held.

Goa exit poll: It's neck-and-neck battle between Cong-BJP in Goa

The stealth guided missile destroyer <keyword id="50591" type="General" weightage="100" keywordseo="mormugao" source="Orion">Mormugao</keyword>, the second of the four 'Visakhapatnam' class destroyers, was commissioned into the Indian <keyword id="42407" type="General" weightage="80" keywordseo="navy" source="Orion">Navy</keyword> on Sunday. Speaking at the commissioning ceremony in Mumbai, Defence Minister <keyword id="6355121" type="General" weightage="50" keywordseo="rajnath-singh" source="Orion">Rajnath Singh</keyword> said <keyword id="3659561" type="General" weightage="80" keywordseo="ins-mormugao" source="Orion">INS Mormugao</keyword> is evidence of India's excellence in warship design and development. INS Mormugao is among the most powerful Indigenous warships, Singh said. This is the most technologically advanced warship, he added. Singh said the warship's commissioning will boost India's maritime power. Indian economy is among the top five economies in the world, and according to experts, will be among the top three in 2027, Singh said. The Navy chief said the commissioning of the warship, on the eve of the Goa Liberation Day, is indicative of the large strides taken in warship design and building capability over the last decade. Goa Chief Minister <keyword id="864632" type="General" weightage="50" keywordseo="pramod-sawant" source="Orion">Pramod Sawant</keyword>, Chief of Defence Staff General Anil Chauhan and Goa governor P S Sreedharan Pillai were present at the ceremony at naval dockyard. INS Mormugao is the second of the four 'Visakhapatnam' class destroyers of 'Project 15B', indigenously designed by the Indian Navy's in-house organisation, Warship Design Bureau and constructed by Mazagon Dock Shipbuilders Limited, Mumbai. Named after the historic port city of Goa, Mormugao coincidentally undertook first sea trial on December 19, 2021, when Goa celebrated 60 years of liberation from the Portuguese rule. INS Mormugao is 163 metres long and 17 metres wide. It has a displacement of 7,400 tonnes and a maximum speed of 30 knots (55 kmph). The warship is packed with sophisticated state of the art weapons and sensors such as surface to surface missile and surface to air missiles. It is fitted with a modern surveillance radar which provides target data to the gunnery weapon systems on board. SEE ALSO: <a href="https://www.businessinsider.in/thelife/personalities/news/i-am-glad-i-fd-up-so-much-in-life-that-it-is-content-now-says-ankur-warikoo/articleshow/96282722.cms">I am glad I F**%*D up so much in life that it is content now says Ankur Warikoo</a> <a href="https://www.businessinsider.in/careers/news/tech-layoffs-surpass-great-recession-levels-set-to-get-worse-in-early-2023/articleshow/96314678.cms">Tech layoffs surpass Great Recession levels, set to get worse in early 2023</a>

Stealth guided missile destroyer Mormugao commissioned into Indian Navy

<ul><li>Oppo Reno 11 Pro features a 50MP triple camera set-up</li><li>The device is powered by Mediatek Dimensity 8200 SoC</li><li>Offered in a single variant it is priced at ₹39,999</li></ul>2024 has started with a bang for the smartphone market especially for the mid-range segment. After the launch of Redmi Note 13 series, Oppo has now played its turn with the new Reno 11 series. Perhaps the most famous product from the brand Reno devices enjoys a cult following. To the point that I have been stopped twice in my last week of testing enquiring about the product. Fascinatingly once in Goa and then in Delhi. I have tested the last two generations of Reno Pro devices. Reno 11 Pro seems like the culmination of the progress I have seen over the last two years. So is this the ultimate Reno device? And how does it stand against the heavy weights in its category like <a href="https://www.businessinsider.in/tech/news/redmi-note-13-pro-review-a-new-mid-range-fighter/articleshow/106617001.cms">Redmi Note 13 Pro+</a>. I will tell you in my detailed review. Price &amp; Availability Oppo Reno 11 Pro is available in a single variant that packs in 12GB RAM and 256GB of internal storage. It is priced at ₹39,999. Design <div type="image" title="Pearl white color on the Reno 11 Pro looks &amp;amp; feels premium." msid="106691270" hostid="261" caption="&amp;lt;p&amp;gt;Pearl white color on the Reno 11 Pro looks &amp;amp;amp; feels premium.&amp;lt;/p&amp;gt;"></div> Oppo Reno 11 Pro’s sports the fundamentals we associate with a Reno device. It’s clean, minimal and lightweight. To the point that it will remind you a lot of the Reno 10 Pro, like it did to me. The form factor is of course similar, but I am not complaining. Considering the new additions here are commendable especially in terms of the quality of materials here. The Reno 11 Pro sports a glass back and front, with particularly the ‘Pearl White’ color standing out. I am usually not a big fan of patterns on a smartphone but the back on Reno 11 Pro has been executed beautifully. It has a matte finish to it which also encourages you to let go of a case. However, be careful since you do not want to drop it. I wish the phone also supported wireless charging considering brands like Nothing are now doing it at this price segment. <div type="image" title="Reno 11 Pro sports a sleek profile." msid="106691367" hostid="261" caption="&amp;lt;p&amp;gt;Reno 11 Pro sports a sleek profile.&amp;lt;/p&amp;gt;"></div> Moving on the back also houses the massive camera set-up housing three camera sensors here. While I am definitely impressed by the cameras I am not happy with the orientation here. Placed vertically the camera bump stands out like a sore thumb and tends to break away from the minimal design we enjoy on the rest of the smartphone. Oppo has tried to compensate by giving it a silver finish with toothed edges. And yet I have not been able to wrap my head around it. Beyond that the design carries familiar elements. We have the volume rockers and power button on the right edge, and yes they are tactile. At the bottom we have the Type-C charging port next to the SIM card slot and speaker grill. The smartphone supports 2 micro SIMs. On top we have the rejuvenated IR blaster here, a feature which has made a comeback in a big way across devices. And yes it's more useful than you can imagine. A universal remote in your pocket? I can vouch for that. It’s not unique to Oppo though for that matter Reno 11 Pro is the third device this year I have seen this on. <a href="https://www.businessinsider.in/tech/news/vivo-x100-pro-review-peak-camera-performance/articleshow/106456535.cms">Vivo X100 Pro </a>&amp; Redmi Note 13 Pro+ had this as well. Display The display experience on the Reno 11 Pro is strikingly similar to the Reno 10 Pro, this comes as no surprise since the displays are identical on paper. I am not complaining since the output isn’t bad by any means. But yes it does carry forward its minute yet noticeable weaknesses. The Reno 11 Pro flaunts a 6.7-inch AMOLED display boasting a screen resolution of 2412X1080 Pixels, showcasing a brightness reaching up to 950 Nits. The peak brightness is also similar to last year's Pro variant. Whether you're engrossed in content or merely glancing at the always-on screen, this luminous panel offers ease on the eyes, even under direct sunlight. With crisp details, natural colors, and a curved display that enhances the overall viewing experience, it's a standout feature. However, Redmi Note 13 Pro+ at a lower price offers a brighter display with 1800 nits of peak brightness. And you will notice the difference between the two devices especially while watching content and at bright outdoors. Oppo's implementation of the always-on display deserves praise. Its customisable and the wallpaper options are also commendable. However, as with curved screens, occasional mistouches remain a slight inconvenience. Despite its excellent execution, inadvertent touches leading to accidental app openings or difficulties with the volume slider in portrait mode are minor trade-offs. The display seamlessly integrates an optical fingerprint scanner. While it takes a split second to unlock the device, its consistent performance without misses is commendable. The screen truly shines in the viewing experience, especially when coupled with the 120Hz refresh rate. The standard 120Hz refresh rate offers a smoother experience for gaming and content consumption, flawlessly delivered by the Reno 11 Pro. While switching between the standard 60Hz and 120Hz may cause a slight lag, the superior visual experience compensates for it. The bright, color-accurate panel is a delight, supporting HDR 10 &amp; 10+ for HD content on OTT apps like Disney Plus Hotstar. For instance, watching What If Season 3 on the platform provides a diverse range to evaluate the display quality, from bright outdoor scenes to dark indoors. Fortunately, the Reno 11 Pro excels in these tests. The display maintains accuracy throughout, showcasing deep blacks and minimal light leakage. For content consumption enthusiasts, the Reno 11 Pro stands out. That being said, the auto brightness feature here is out of sync while watching content. With the phone really dimming down when it's not necessary. So I preferred keeping the auto brightness off throughout the day. Oppo has also prioritized sound quality, evident in the stereo speaker setup that delivers loud audio output with retained detail even at lower volume levels, albeit with potential detail loss in super volume mode. Software The Oppo Reno 11 Pro arrives with Android 14 out of the box, showcasing the ColorOS 14 skin. While the overall user experience of the skin remains consistent, there are some classic features I should highlight. Commencing with the general features, we see a considerable amount of pre-installed bloatware which stands out. Fortunately we have the ability to uninstall these apps. Notably, there are no questionable app recommendations, which is a positive aspect of the software. Visually, Color OS 14 retains its strengths with vibrant colors and crisp text, offering a user-friendly and easily navigable interface. The array of customization options is extensive, enabling personalization of various screen elements, from widgets to icon designs and color schemes. However, integrating elements from stock Android 14, especially within the drop-down menu, akin to the larger tiles seen in default Android skins like the Pixel 8, could enhance the overall user experience, in my opinion. Setting that observation aside, Oppo promotes ColorOS 14 as a more intelligent operating system with some standout features. Firstly, auto pixelation is introduced, automatically blurring people in screenshots to safeguard their identity. While it may miss some instances when operating automatically, manual blur options directly from the screenshot menu are welcomed. Another feature, Multi Screen Connect, facilitates connectivity between Oppo products like the Pad Air and enables Oppo smartphone connection with PCs. This feature is particularly useful for presentations, although the connection process might take some time. The device also supports fast pairing with Oppo Buds, a feature increasingly common in modern devices, akin to OnePlus devices and Nord Buds using OnePlus Fast Pair. The meeting assistant stands out as one of the most useful features, allowing the device to switch to a mobile network for a stable internet connection during video calls. Tested and proven practical, this feature comes in handy, especially if your router is distant from your seating area. Oppo emphasizes the future-proof nature of their devices, evident in their promised update cycles. The brand commits to offering three years of Android updates and four years of security updates for the Reno 11, ensuring users remain updated and secure over an extended period. Performance Oppo Reno 11 Pro runs on Mediatek Dimensity 8200, a respectable but older chipset. Oppo might get some flack for this decision, however I don’t see any blanket reason to complain. It’s efficient, enables SuperVOOC charging and works in tandem with the camera. Before I explain my experience let's get into some numbers. I ran a Geekbench 6 CPU test on the Oppo Reno 11 Pro. The single-core score for the device is 1220 and the multi-core score is 3516. These are respectable numbers and should satisfy both power hungry and efficient users. This is higher than the Redmi Note 13 Pro+ which scored 1121 and 2630 respectively. As anticipated, the Reno 11 Pro delivers consistent and dependable performance, thanks to the comprehensive package Oppo offers with this device. It boasts 12GB of LPDDR5 RAM, more than adequate for most users. While it allows for internal RAM expansion using spare storage, I've yet to encounter a scenario where this feature is necessary. Speaking of performance, particularly in demanding tasks like gaming, I rigorously tested COD:Mobile on the Reno 11 Pro 5G, playing for at least 2 hours daily. Even with settings maxed out at HDR graphics I didn't experience any glitches or frame drops. The sizable 6.7-inch display enhances gaming, facilitating easy enemy detection and elimination. The blend of the high refresh rate and robust SoC ensures a seamless and fluid gaming experience. Compared to the Nord 3, the Reno 11 Pro 5G felt smoother, largely due to the superior SoC. After continuous gaming for about 50 minutes, the phone does warm up, but discomfort becomes noticeable only after the 1-hour mark. However, it quickly cools down, allowing swift return to gaming without significant delays. Efficient RAM utilization in the Reno 11 Pro 5G enables holding applications in the background for extended periods, including apps like Instagram, WhatsApp, and heavier ones like COD: Mobile. Switching between apps is seamless, seamlessly picking up where you left off. This performance isn't limited to gaming; everyday use remains smooth, ensuring general users won't encounter issues. For basic users not heavily into gaming or pushing device limits, the specifications and real-life performance of the Reno 11 Pro 5G might be excessive. With 256GB internal storage (where the system utilizes around 25GB), the remaining 225GB suffices for most users. If additional storage is needed, considering extra cloud storage is an option as the Reno 11 Pro doesn't support external SD cards. Before wrapping up, the battery performance of the Reno 11 Pro 5G deserves mention. Equipped with a 4600mAh battery, it's challenging to drain, especially for light users. Impressive numbers indeed. With casual to heavy usage, I averaged around 7 hours of screen time, encompassing gaming, video calls, and YouTube consumption. For light users, the battery life extends even further, comfortably lasting over a workday. Supporting 80W SuperVOOC charging, the device excels in efficiency. The bundled 80W charger replenishes the battery from 0% to 100% in approximately 35 minutes, even with mobile data turned on. Camera Now the resolution on the cameras on 11 Pro are practically the same but their is a difference in results. Especially the low light performance. With its triple camera setup, comprising a 50MP primary camera, a 32MP telephoto portrait camera, and an 8MP ultra-wide camera, the Reno 11 Pro offers a versatile photography experience. The 50MP camera impresses with its sharp imagery, vibrant colors, and exceptional dynamic range, particularly in bright outdoor conditions. Oppo's algorithm enhances these images, presenting final results that may differ from what's initially seen in the viewfinder. Even spontaneous shots retain detail when zoomed in. Utilizing the dedicated 50MP mode elevates detail and ensures accurate color reproduction. Indoor photography, however, displays limitations, notably in noise and dynamic range, particularly in challenging lighting conditions. Nonetheless, activating the night mode improves performance. The 32MP telephoto sensor impresses with its ability to capture sharp shots indoors and outdoors. Portrait mode excels in edge detection, creating a pleasing bokeh effect around multiple subjects in a frame. The 8MP ultra-wide sensor performs well by maintaining color accuracy without significant deviations. This aspect is crucial for an exclusive ultra-wide sensor, allowing a broader perspective without compromising color integrity. <div type="image" title="Portrait shot samples" msid="106734224" hostid="261" caption="&amp;lt;p&amp;gt;Portrait shot samples&amp;lt;/p&amp;gt;"></div> <div type="image" title="HDR in images is spot on" msid="106735423" hostid="261" caption="&amp;lt;p&amp;gt;HDR in images is spot on&amp;lt;/p&amp;gt;"></div> <div type="image" title="Color reproduction from the camera is respectable." msid="106735515" hostid="261" caption="&amp;lt;p&amp;gt;Color reproduction from the camera is respectable.&amp;lt;/p&amp;gt;"></div> In terms of video recording, the Reno 11 Pro pleasantly surprises with its capability to record 4K videos at 60FPS, complemented by clear audio. This setup proves beneficial for content creators. Ultra Steady deserves your attention here for videos. I have shot a couple of videos with Reno 11 Pro and just with a single tap the videos are super stable making the footage much smoother even from a moving project. <div type="image" title="Improved front camera with added filters add to the selfies." msid="106735531" hostid="261" caption="&amp;lt;p&amp;gt;Improved front camera with added filters add to the selfies.&amp;lt;/p&amp;gt;"></div> On the front, the selfie camera, a 32MP shooter with Oppo's face filters, handles Indian skin tones accurately in most scenarios. However, it might struggle under specific lighting conditions, resulting in inaccurate colors. The device offers diverse face filters, catering to users who appreciate this feature. The smartphone can now record 4K videos at 30FPS from the front camera. This is a significant improvement over the predecessor, and comes in handy for video creators. Verdict Oppo Reno 11 Pro continues the legacy of what we expect from Reno devices - beautiful camera results, solid battery life and striking design. If you are looking for this trinity then Reno 11 Pro should be on your list. However if you are not a fan of curved displays and want a more industrial look I suggest checking out the <a href="https://www.businessinsider.in/tech/news/nothing-phone-2-one-month-review-beyond-the-glyph-interface/articleshow/103242418.cms">Nothing Phone (2)</a>. Or if you want more performance and can take a hit on the camera performance then I suggest checking out the OnePlus 11R. Notably both the above devices have a cleaner OS experience as well.

Oppo Reno 11 Pro Review - Incremental upgrades for the new mid-ranger

<ul><li>The Finance Ministry has increased the threshold limit for the difference between the transaction value and the circle rate to 20% from the current 10%. </li><li>This means under a circle rate of ₹1.2 crore, <keyword id="6371902" type="UNKNOWN" weightage="20" keywordseo="home-buyers">home buyers</keyword> can buy a house of upto ₹1.5 crore rather than just ₹1.33 crore to avail the tax benefits.</li><li>This is the second time that the government has revised the limit — the first was in February when the differential was increased from 5% to 10%.</li></ul>With the prices of homes falling and mortgages being lower than ever, the Finance Ministry has announced <keyword id="422910" type="PERSON" weightage="20" keywordseo="income-tax-relief">income tax relief</keyword> for home buyers and developers. “There’s a lot of inventory, we’re told, in the real estate sector,” said Finance Minister Nirmala Sitharaman during today’s press conference on November 12. <div type="Article" hostid="261" msid="79187044" title="$35 billion Diwali stimulus: Highlights from Finance Minister Nirmala Sitharaman's press conference" mstype="2" mssubtype="0"></div> The government has increased the threshold limit for the difference between the transaction value and the circle rate to 20% from the current 10%. This is the second revision of the limit done by India. The first was in February when the differential was increased from 5% to 10%. What is circle rate and why should I care? Right now, if there is a difference between the cost of the home and the circle rate set by the government. If that difference is more than 10%, any excess income is accounted for as the buyer’s income. Since it comes into the income basket, it is also taxed at the same nominal rates. But going forward, for homes under the price of ₹2 crore, this differential will be increased from 10% to 20% for next seven months, until 30 June 2021. This means that if for instance, if the circle rate is ₹1.2 crore, the price of the home can’t be more ₹1.5 crore for buyers to remain within the 20% differential. Had the limit been 10%, the choice of purchasing a home would be limited to around ₹1.33 crore. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Circle rate (assumed) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Home price (assumed) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2 crore </td></tr></tbody></table> <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Existing policy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">New policy </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Excess allowed </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Taxable amount </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹90 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹80 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tax (assuming a rate of 30%) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2.7 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2.4 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Savings </td><td colspan="2" style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹30,000 </td></tr></tbody></table> However, it’s important to note that property prices, circle rates or even demand trends are not uniform across the country. So cities are witnessing better growth which allows for higher prices, while others are lagging behind and will have more to benefit from under the new limit. What’s in it for the developers? It's also a boon for developers, because they can now offer their property at lower rates than the prevailing circle rates. This allows them to monetise any idle assets they haven’t been able to move yet. Clearing their existing inventory in turn allows developers to generate more liquidity to start up new projects or clear liabilities on existing ones. "The <keyword id="6354751" type="UNKNOWN" weightage="20" keywordseo="income-tax">income tax</keyword> relief will ensure tremendous liquidity into the market and the measures will incentivize people to buy homes and is a win-win situation for both developers and home buyers. The reduction in bank guarantees for construction activity will also ensure availability of additional liquidity providing major relief to the industry." Lincoln Bennet Rodrigues, Founder and Chairman, Goa-based Bennet &amp; Bernard Group said. SEE ALSO: <a href="https://www.businessinsider.in/policy/economy/news/diwali-stimulus-highlights-from-finance-minister-nirmala-sitharaman-press-conference-on-atmanirbhar-bharat-programme/articleshow/79187044.cms">Diwali stimulus: Highlights from Finance Minister Nirmala Sitharaman's press conference</a> <a href="https://www.businessinsider.in/policy/economy/news/atmanirbhar-bharat-indian-fm-nirmala-sitharaman-shared-the-progress-of-the-atmanirbhar-abhiyaan/slidelist/79187890.cms">Atmanirbhar Bharat: Indian government’s report card on the implementation of the COVID stimulus so far</a> <a href="https://www.businessinsider.in/finance/news/what-is-atmanirbhar-bharat-rozgar-yojana-scheme-and-what-is-benefits-of-employees-and-companies/articleshow/79188487.cms">Atmanirbhar Bharat Rozgar Yojana: FM announces benefits for EPFO-registered firms hiring new employees — centre to bear PF for new employees</a>

India offers income tax relief for home buyers and developers to boost new property sales

From home sales and jewellery to power consumption, these are all the sectors that are back to pre-pandemic levels

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>The F-35 is having significant problems with one of its most important components: the engine. According to reports from both the <a href="http://www.gao.gov/products/GAO-15-429T">US Government Accountability Office</a> (GAO) and the <a href="http://www.dodig.mil/pubs/report_summary.cfm?id=6424">Department of Defense's Inspector General</a>, the Pratt &amp; Whitney engines designed for the F-35 program have encountered a number of problems. In a report issued on April 27, the Pentagon's Inspector General noted 61 instances in which F-35 engines were didn't meet the Pentagon's regulatory standards for the F-35 program during an inspection. The nonconformities were wide-ranging and affected almost every level of engine development. They included problems with the supply line and project management, as well as mechanical issues and software deficiencies."Based on those nonconformities, we identified systemic findings in the following areas," the Inspector General report <a href="http://www.dodig.mil/pubs/report_summary.cfm?id=6424">notes</a>. "[P]rogram management oversight, critical safety item compliance, continuous improvement, risk management, supplier management, and software quality management."The <a href="http://www.gao.gov/products/GAO-15-429T">GAO report</a> from April 14 echoes the Inspector General's concerns. "[T]he F-35 system reliability has been limited by poor engine reliability which will take additional time and resources to achieve reliability goals," GOA wrote. "We believe that DOD has a long way to go to achieve its engine reliability goals as engine reliability at this time is extremely poor," the GOA report <a href="http://www.gao.gov/products/GAO-15-429T">continued</a>. "Reliability is a function of how well a system design performs over a specified period of time without failure, degradation, or need of repair. Poor reliability with the engine has limited the program's overall reliability progress."<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div>The suspect reliability of the F-35's engines has led to a decrease in overall flight hours for the plane since more frequent maintenance is required. <a href="http://www.bloomberg.com/news/articles/2015-04-27/f-35-engines-from-united-technologies-called-unreliable-by-gao">According</a> to Bloomberg Business, the F-35B variant flew for an average of 47 hours instead of a pre-determined 90 hours before reaching a point where it could no longer safely operate due to "engine design issues." The rate was even worse for the F-35A and C variants, which flew for an average of 25 hours instead of the intended 120 hours.A Pratt &amp; Whitney spokesman <a href="http://www.bloomberg.com/news/articles/2015-04-27/f-35-engines-from-united-technologies-called-unreliable-by-gao">told</a> Bloomberg that the GAO assessed engine reliability incorrectly, "as it did not account for new designs that have been validated and are being incorporated."On April 22, the House Armed Services Tactical Air and Land Forces subcommittee <a href="http://www.defensenews.com/story/defense/policy-budget/congress/2015/04/22/hasc-airland-ndaa-mark-f35-army-navy-engine-stryker-radar-mrap/26178097/">released a proposal</a> for an independent investigation into "reliability, growth and cost reduction efforts" for the Pratt &amp; Whitney F-35 engine. The investigation is scheduled to finish by March 16, 2016. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/secret-world-war-two-era-basement-inside-grand-central-trains-nazis-2015-3">We went inside a secret basement under Grand Central that was one of the biggest World War II targets</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="RtaTN5czph8JWBuLRWgPH0bveNBLU3oi" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

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