Blog - NewNerve

RERA: Promise vs. Reality – Examining Implementation Challenges in India

7Jun

By Ankit1 Comment

Real Estate

RERA: Promise vs. Reality – Examining Implementation Challenges in India

While RERA has been a significant step towards regulating the real estate sector in India, its implementation across different states has faced various challenges. Here are some key issues: 1. Lack of Uniformity and Interpretation: Different Rules and Regulations: Each state has its own RERA rules and regulations, leading to inconsistencies and confusion for developers and buyers. This lack of uniformity hinders the smooth functioning of the law across the country. Varying Interpretations: Different RERAs interpret the Act in their own way, leading to varying interpretations and implementation practices. This creates a fragmented regulatory landscape, making it difficult for developers to comply with the law consistently. 2. Capacity and Resources: Understaffed and Under...

7Jun

By Ankit2 Comments

Real Estate, Economics

State-Wise RERA Website Links, 2024

Here are the statewise RERA website links in India, as of October 26, 2023. Please note that some states may have multiple websites for different aspects of RERA, and some websites may be under development or undergoing updates. It's always best to verify the most up-to-date links directly through official government sources or by searching for "RERA [State Name]" on the internet. North India: Delhi: https://rera.delhi.gov.in/ Haryana: https://www.rera.haryana.gov.in/ Punjab: https://www.rera.punjab.gov.in/ Himachal Pradesh: https://rera.hp.gov.in/ Uttarakhand: https://rera.uk.gov.in/ Uttar Pradesh: https://up-rera.in/ Jammu & Kashmir: https://www.jk-rera.in/ Chandigarh: https://www.rera.chd.gov.in/ East India: West Bengal: https://wb.rera.gov.in...

Decoding RERA: Understanding Your Rights and Protecting Your Investment, 2024

7Jun

By Ankit1 Comment

Real Estate

Decoding RERA: Understanding Your Rights and Protecting Your Investment, 2024

The Real Estate (Regulation and Development) Act, 2016, commonly known as RERA, is a landmark legislation that has revolutionized the real estate sector in India. It aims to protect the interests of homebuyers and promote transparency and accountability in the industry. This comprehensive guide will delve into the key aspects of RERA, providing you with all the information you need to navigate the real estate market with confidence. What is RERA? RERA is a central legislation that governs the real estate sector across India. It establishes a regulatory framework for the promotion, regulation, and development of real estate projects. The Act aims to address the long-standing issues of delays, project cancellations, and unfair practices prevalent in the industry, ultimately safeguarding th...

Why RERA Registration is Your Safety Net, While Buying a New House

7Jun

By Ankit1 Comment

Real Estate

Why RERA Registration is Your Safety Net, While Buying a New House

Introduction: Buying a home is a significant financial decision, and it's crucial to be well-informed about the legalities involved. In India, the Real Estate (Regulation and Development) Act, 2016 (RERA) plays a vital role in protecting buyers' interests. This article will delve into the importance of verifying RERA registration for both developers and agents before making a purchase. Why RERA Registration Matters: Transparency and Accountability: RERA mandates developers to register their projects and provide detailed information about the project, including plans, approvals, and timelines. This transparency ensures buyers are aware of what they are investing in. Protection Against Fraud: RERA aims to curb fraudulent activities in the real estate sector. By verifying registra...

Crypto in India: Exchanges, Regulations, Taxation and the Road Ahead

6Jun

By AnkitNo Comments

Payments, Cryptocurrency, Technology

Crypto in India: Exchanges, Regulations, Taxation and the Road Ahead

India's relationship with cryptocurrency has been a rollercoaster ride, marked by uncertainty, regulation, and, ultimately, a growing interest in the space. While the government has taken a cautious approach, the demand for crypto services, especially exchanges, continues to rise. This blog delves into the world of cryptocurrency exchanges in India, exploring their role, the current regulatory landscape, and what the future holds for this burgeoning sector. We'll also take a deeper dive into the taxation rules surrounding cryptocurrency in India. The Rise of Indian Crypto Exchanges: Crypto exchanges act as platforms where users can buy, sell, and trade cryptocurrencies. They provide a secure environment for transactions, offering various features like: Trading Pairs: Exchanges of...

Simpl’s Layoff Spree Continues: 30 Employees Let Go, Senior Leadership Restructured

6Jun

By AnkitNo Comments

Digital Lending, Lending

Simpl’s Layoff Spree Continues: 30 Employees Let Go, Senior Leadership Restructured

Bengaluru-based consumer credit startup Simpl has announced another round of layoffs, letting go of 30 more employees just a month after firing 160. The company informed the affected employees through one-on-one meetings on Thursday. This latest round of layoffs follows the departure of three to four senior executives on Wednesday. Vatsal Jain, Vice President of Enterprise Business; Ashwini Ravindranath, Vice President of Partner Success; and Ramkumar Narayanan, Vice President of Product and Operations, have all resigned. A company spokesperson stated that the decision to lay off 30 employees is part of their efforts to become fiscally prudent and achieve profitability by mid-2025. The affected employees will receive a severance package including a fixed salary for the two-month noti...

Unlocking the Secrets to Cheap Flights in India: A Comprehensive Guide

5Jun

By AnkitNo Comments

Blog, Lifestyle, Lifestyle Hacks

Unlocking the Secrets to Cheap Flights in India: A Comprehensive Guide

Booking cheap flights in India can feel like a game of chance, with prices fluctuating wildly and hidden fees lurking around every corner. But fear not, seasoned travelers! With a few savvy strategies, you can significantly reduce the cost of your airfare and experience the magic of India without breaking the bank. Here's a well curated guide to various hacks in the Indian flight booking landscape to secure the best deals: 1. Be Flexible with Your Dates: This is the golden rule of cheap flights. Prices fluctuate drastically depending on the day of the week and time of year. Flying on a Tuesday is often significantly cheaper than a Friday or Sunday. Similarly, traveling during the off-season (June-August) can save you a lot compared to peak holiday periods. Be open to shifting your tra...

RBI’s Directions To Improve Cyber Resilience across Digital Payments Ecosystem

4Jun

By Ankit3 Comments

BFSI, Cyber Crime, Goverment Notice/Circulars, Regtech

RBI’s Directions To Improve Cyber Resilience across Digital Payments Ecosystem

The Reserve Bank of India (RBI) has taken a significant step towards bolstering the security of India's digital payments ecosystem with the release of its Draft Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators (PSOs) on June 2, 2023. These Directions aim to improve overall information security preparedness, with a strong focus on cyber resilience, and are a testament to the RBI's commitment to safeguarding the integrity and reliability of digital transactions in India. A Multi-Layered Approach to Security: The Directions adopt a comprehensive approach to security, encompassing multiple layers of protection: Governance and Accountability: PSOs are mandated to establish a Board-approved Information Security (IS) policy, outli...

RBI Launches Survey on Computer Software and ITES Exports: A Look at India’s Tech Powerhouse, 2023-24

3Jun

By AnkitNo Comments

BFSI, Goverment Notice/Circulars

RBI Launches Survey on Computer Software and ITES Exports: A Look at India’s Tech Powerhouse, 2023-24

The Reserve Bank of India (RBI) has taken a significant step towards understanding the current state and future prospects of India's booming IT sector by launching a comprehensive survey on Computer Software and Information Technology Enabled Services (ITES) exports for the financial year 2023-24. This move underscores the central bank's recognition of the sector's crucial role in the Indian economy and its desire to gain valuable insights for policymaking. Understanding the Survey: The survey, conducted by the RBI, aims to gather data from various stakeholders in the IT sector, including software and ITES companies, export promotion councils, and industry associations. It will delve into various aspects of the sector, including: Revenue and employment: The survey will assess the ov...

Free Online Courses in Artificial Intelligence(AI)

3Jun

By Ankit1 Comment

Education, AI, Blog, Courses, Technology

Free Online Courses in Artificial Intelligence(AI)

Are you fascinated by the rapidly advancing field of artificial intelligence (AI) and want to get started on your learning journey? You're in the right place! This article will provide you with a roadmap to begin your AI education, including recommendations for some excellent free online courses to kickstart your knowledge. Understanding the Basics of Artificial Intelligence AI is a broad and complex field that encompasses a wide range of techniques and technologies. At its core, AI involves the development of systems and algorithms that can perform tasks typically requiring human intelligence, such as problem-solving, decision-making, and pattern recognition. To start your AI education, it's essential to grasp the fundamental concepts and principles. This includes understanding the...