In Noida, transfer charges for a flat is as high as 23% of the transaction value, despite stamp duty being 5%.
Beside stamp duty to the @UPGovt, the @noida_authority charges an exorbitantly high transfer fees and now the AOAs(RWA) have started charging upto 1% for the transfer
@UPGovt@noida_authority The Stamp duty and the Noida Authority transfer charges are calculated on the so called sector rate, which is currently as high as 150% of the the market value. So a 5% stamp duty anyway becomes 7.5%.
@UPGovt@noida_authority The current property transfer regime in Noida makes it far cheaper to buy a new property, than in resale.
Since it's not municipal body, it cannot impose Property Tax. And therefore to raise revenue, it acts like property dealer, extracting exorbitant brokerage on all transactions.
Perhaps time for Noida to get a municipal corpn
Old sectors like Sec 15, if were in Delhi or Ghaziabad, each Bungalow wud pay lakhs in property tax.
But in Noida, they get excellent civic service for free.
Noida is like close gymkhana club where old memebers get it all free, paid by occasional new memeber taken for huge fee
Today in Noida, Middle class apartment buyers are paying for the civic services for the posh VIP Bungalow sectors like sec 15.
For the Bulder societies, from Park maintenence to street light to waste disposal, all is paid by residents, while all these are for free in NA sectors
It has been 45 years that Noida was established. It still hasn't got a Municipal Corpn.
India's startup ecosystem is witnessing a reverse flipping wave! Companies like PhonePe, Razorpay, Meesho, Groww, Pine Labs, Zepto, & Udaan are bringing HQs back home. Why now? Let’s break it down. #IndiaPolicy #StartupIndia #ReverseFlipping
Earlier, these firms domiciled in the US (e.g., Delaware) or Singapore for Y Combinator funding, global capital, & lighter regs (2013-19). Silicon Valley allure & VC pressure pushed this. But the tide’s turned with India’s booming market.
Modi govt’s reforms drive this shift: reduced corp tax (30% to 22%), angel tax abolition, GST, FDI liberalization, & ease of doing business. RBI & MCA streamlined reverse flipping via fast-track mergers, skipping NCLT. #MakeInIndia
1/ How do Real GDP, GVA, subsidies, and the GDP deflator connect? Let’s unpack this using India’s Q4 FY25 GDP numbers, where growth hit 7.4% 🧵
2/ GVA: Gross Value Added measures production across sectors (agriculture, industry, services) at basic prices (before taxes/subsidies). In Q4 FY25, GVA grew 6.8%, reflecting actual output. Strong agriculture (Kharif crop) and services drove this.
3/ Nominal GDP = GVA + Taxes on Products - Subsidies on Products. In Q4 FY25, GDP grew 7.4%, outpacing GVA. Why? A 45% cut in subsidies (e.g., fuel, fertilizers) reduced the amount subtracted, boosting nominal GDP.
Pakistan, and then India closed their airspace for each other in the aftermath of India's airstrike on Balakot.
How did each country fare, and who suffered more? Let’s break down the losses and understand why Pakistan buckled:
India’s Losses: Indian airlines took a hit of ~$78.6M due to rerouting flights after the Feb 2019 closure. Air India lost $70.1M, with IndiGo, SpiceJet, & GoAir losing $3.6M, $4.4M, & $0.3M
Pakistan’s Losses: Pakistan faced $100M in losses, mainly from lost overflight fees ($65.4M) & Pakistan International Airlines’ disruptions (~$34.6M). Daily losses hit $300K from 400 avoided flights, with PIA losing >$450K/day. 💰
Why did BJP give up on the CM position in Maharashtra?
Here is what I think:
While the Shinde faction has got control of the legislative party, the political Party that is Shiv Sena is still in control of the Uddhav faction.
By making Shinde the CM, BJP has paved the way for Shinde to bid for total control of the Sena, including the party symbol.
Given the numbers, BJP will still be in control of the Govt and will be able to push through its development agenda, including the flagship Infrastructure projects that Fadavis started and which were stalled by Uddhav,