Higher salaries come with bigger price tickets

The buck gets bigger
Hindustan Times (Delhi edition)

Salaries in India are firmly back on the rise, says a recently concluded survey by AON Hewitt, the global human resource consulting and outsourcing business of US-based AON Corporation. Projected rise for 2011 is 12.9 percent over an actual rise of 11.7 percent in 2010. In 2009, the actual rise was 6.6 percent, driven down from a 13.3 percent rise in 2008.

Hiring projections also support the expected rise in salaries. According to a recently concluded Assocham study, companies in India will add 100 lakh to 150 lakh of jobs in 2011. A Manpower Inc survey of hiring intentions for the April to June quarter provides a sector drilldown. Instead of traditional leaders IT, telecom and the services sectors, manufacturing would lead the way in hiring. Other sectors set to hire aggressively are finance, insurance and real estate

Soaring property prices make people move out
Hillary Victor, SAS Nagar
Hindustan Times (Chandigarh edition)

SAS Nagar has added a mere 50,000 people to its population in the past 10 years, thanks largely to the soaring property prices in the town, which have made people move out to the periphery. The recent census puts the population of the town at 1.74 lakh. According to sources, around 52 percent of the population is male and around 48 percent female. The literacy rate has gone down marginally -from 83 percent to 81 percent -as compared to the figures in 2001

Delhi

Delhiites lack enough space for living
Syed Ali Ahmed, New Delhi
The Tribune

If there is no proper planning in view of pressure of population, traffic, need of water and other basic things in the future, the citizens of Delhi will not get an adequate place to live in.

Master Plan of Delhi 2021 is not going to work out the problems being faced by the citizens of the city. It’s only on the papers. To serve its purpose, it should involve the grass-root people of the city. Otherwise, all the efforts will go waste, said Anne Feenstra, principal in ARCHI. Developing satellite cities like Noida and Gurgaon is not a solution. There should be more high-rise buildings with proper facilities in the city, he said.

Government: Taxes

Property tax to be transparent
Sayli Udas Mankikar sayli.mankikar, Mumbai
Hindustan Times (Mumbai edition)

Soon, the process of levying property tax, its assessment, and accountability will get more transparent.  On the first day of the budget session of the state legislature on Monday, the state government tabled important legislations that are all set to make a sea change in the municipal property tax system. This will benefit 3.48 lakh property owners in Mumbai.

These legislations are part of the conditions put forth by the 13th Finance Commission, which the state government has to fulfill by March 31 if it wants to receive a grant of Rs 1,931 crore from the Centre. The state has proposed the setting up of an independent property tax board that will serve as a platform for residents to place their grievances in case of disputes, and to suggest corrective reforms.

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