Uttarakhand government to reduce land circle rates by 50 %
Posted on:07 Jun 2016 18:15:09
07 June 2016 Current Affairs GK: The Uttarakhand government has decided to reduce land circle rates in urban and peri-urban areas by around 50%.The state Cabinet gave its nod to a proposal recommending about 50% reduction in land circle rates, revising its own decision taken in January this year.
The state government had effected an increase of 10-30% in land circle rates in January this year, drawing flak from a number of quarters and Opposition Bharatiya Janata Party, which has since been demanding revision of circle rates to bring relief to the common man.
Circle rate is the minimum value fixed for land, house and other real estate transactions.
The move is seen as another populist decision by the state government with an eye on the state Assembly elections due in early 2017.The government has held a slew of Cabinet meetings to take decisions intended to please the masses, including regularisation of guest teachers.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail