Agroup of 25-30 home-buyers, who have been waiting for a housing project in Kharghar in Navi Mumbai to take off for four years, have decided to approach the courts. The builder, Devisha Infrastructure Pvt Ltd, told buyers that administrative delays have hamstrung the project. Home-buyers , however, are not satisfied with the answer.
In 2010, the developer had collected 10% of the flat’s total cost as booking amount but work on the plot had not commenced. The agitated buyers met the Mumbai police commissioner KL Prasad and lodged a complaint. According to the home-buyers, Mr Prasad suggested that they approach the court for relief.
National Health Assurance Mission Coming Soon?
National Health Assurance Mission...
Reserve Bank of India (RBI) has asked banks to inform their customers about fall in minimum balance well in advance. Penal charges should be levied only to the extent of the shortfall in such balances. These guidelines will come into effect from 1 April 2015.
In the event of a default in maintenance of minimum balance, banks should notify customers clearly by SMS/email/letter, giving them a period of one month to restore the balance to avoid penal charges. RBI said banks should not take undue advantage of customers’ difficulty or inattention. Instead of levying penal charges for non-maintenance of minimum balance in ordinary savings bank accounts, banks should limit the services available on such accounts to those available to basic savings bank deposit accounts and restore the services when the balances improve to the minimum required level.