BANGALORE, India—Last year, Abhinandan Balasubramanian quit his job at a London-based financial-technology company. The startup scene in his native India was booming, and he wanted in.
The 25-year-old Mr. Balasubramanian moved to Mumbai and in December launched his own business there: Altflo, a global online marketplace for assets such as real estate and shares in investment funds.
Basing Altflo in India was an easy decision, Mr. Balasubramanian said. “The cost of scaling the company is much lower in India,” he said. Office space and talent are “multiples cheaper than in the U.K.”
Real estate is an important pillar of the overall revitalization of the city.Currently, the city's real estate market is generally good, but should pay attention to structural problems. To further improve the real estate supply and demand structure, and promote the healthy development of the city's real estate market, according to the requirements of the Central Economic Work Conference, the provincial government to resolve a number of opinions on real estate inventory, combined with the actual city, we made the following comments.
First, to maintain the healthy development of the real estate market. 2016 to achieve the city's real estate sales grew 10% target, inventory to cycle control in a reasonable range, prices remain basically stable operation, and strive to 2--3 years to make the city's real estate market supply and demand equilibrium structure.
Second, strict control of new land supply. On the city's real estate development land supply scale implementation of the total control of the city in 2016 on the principle of supply of land for real estate development area does not exceed 50% of the previous year. The implementation of different land supply policy, in principle, on-demand supply of industrial land, housing stock is too large for the area of supply reduction, in real estate development before the land transfer, by the planning, construction and commercial real estate department in charge of determining the reasonable ratio, ratio of parking spaces, the volume rate . Timely release of urban development planning, construction scale, supply structure, spatial layout, major infrastructure projects and the like progress information to guide rational investment real estate market and consumption.
Third, increase the idle land disposal efforts. To start development of more than 1 year but less than 2 years of idle land, idle land fee according to the provisions of idle for more than two years to recover according to the law, the market re-configuration.
Fourth, strengthen urban infrastructure and supporting construction. Accelerate new city and new projects surrounding roads, public transport and other urban infrastructure construction. Supporting individual projects lag, by the authorities agreed to develop businesses can Loaning construction until after acceptance of the payment to be deducted in supporting time-consuming. Improve the allocation of resources to education, health, commerce, etc., in the new city to encourage high-quality primary and secondary schools an additional campus, configure community medical institutions. Optimization of water, electricity, gas, heating and other utilities supporting services, lower fees, regulate the collection of fees and improve efficiency. Through franchising, investment subsidies, government procurement of services and other means to attract social capital to participate in the investment, construction and operation of urban infrastructure projects.
Fifth, to support projects under construction. Regional governments to serious investigation, to address the impact has started selling land historical issues, to ensure that the transfer of land to achieve net standards. Improve processing efficiency building construction permits, construction permits the city to implement the relevant construction work and final acceptance of the norm views. Increase efforts to promote the construction of key projects, the municipal government on the implementation of key projects to promote the city's policy measures.
Sixth, support the development of enterprise restructuring. We have been present prior to the transfer of the opinion issued land development companies can apply for adjustment of the ratio of the whole decoration. Have been supplied, undeveloped land for real estate development, development companies can apply for conversion purposes, adjusted commercial scale. For construction of commodity housing projects, real estate development companies can apply for adjustment of dwelling size structure, meeting market demand for housing units to make adjustments. For application development venture, each of the departments concerned under conditions permitting support and simplify work processes, shorten the approval period.
Seven reward for individuals to purchase housing policy. Where more than 1% of the individuals to purchase housing deed tax rate portion, urban levels of financial subsidies. Housing Fair held during the municipal and off-site exhibitions, the purchase of real estate exhibition of residential and non-residential housing subsidies given to specific allowances will be forthcoming. Meanwhile, the Housing Fair launched "Huimin real estate" will be given to buyers who RATES subsidies, deed tax subsidies and home improvement subsidies none other promotions.Regional governments should actively organized regional fair housing, self preferential policies.
Eight, increase housing provident fund loans to support. Pre-sale permit has been made, you can apply for housing provident fund loans. Lowest first apply for provident fund loans down payment ratio to 10%. Families or individuals can use the housing provident fund loans to buy two suites at the same time, the minimum down payment ratio of the second home loan is 20%. The implementation of "credit recognition does not recognize room" policy, the previous loan has been repaid, the loan is considered to apply again for the first time to apply. The maximum loan amount to unilaterally raise 50 million, the two sides 700,000 yuan tripartite 900,000 yuan. Primary borrower can their parents or children interoperability housing provident fund loans, housing provident fund account balances interoperability repay the loan. Terms of the employee housing fund into the "labor contract", increase urban private enterprises and practitioners efforts to establish a provident fund system, so that should be built to do to build, payable to make payment, and gradually meet the conditions of migrant workers, and township enterprises individual businesses and employees into the housing accumulation fund system.
Nine, to reduce second-hand housing transaction taxes and fees. Second-hand housing transfer business tax, personal income tax after the front-end fill. Residents swap housing, "zero tax" policy, free of transaction fees, processing fees property, after paying the deed tax, business tax, personal income tax up front-end. Support residents to improve housing conditions within a year after the first sell or buy first sell to buy a house after the purchase of real estate area more than the sale of real estate area, according to the area of subsidies to 50 yuan per square meter of difference.
Ten, owner-occupied apartments enjoy housing policy. Residents to buy residential apartments or apartments for owner-occupied, can be regarded as residential housing transaction taxes to pay in accordance with the standard, while settled, regard school, water heating and other civilian price enjoy equal housing policy. We have purchased residential apartments or apartments for owner-occupied from the date of publication of this opinion, and enjoy equal housing policy.
XI broaden the use of non-residential and residential functions. Encourage commercial building retrofits and idle will meet the conditions for the electricity for commercial use, "a passenger space". Allowed in e-commerce, creative industries small and micro enterprises and freelancers will be residential apartments registered as business premises.
XII vigorously promote the reform shed monetization. From this year to incorporate the new shed change resettlement residents, and strive to full implementation of monetization.
XIII, high-end talent buyers enjoy preferential policies. Further implement the "Mukden talent" strategy, and other leaders and outstanding talent, municipal levels, the financial district housing subsidies paid by the policy.
Fourth, support for universities, secondary vocational school students, new graduates buyers. No more than five years of graduation universities, secondary vocational school graduates in Shenyang to buy real estate, to give policy support to the housing provident fund, provident fund deposit limit of six consecutive months reduced to 3 months, the down payment "zero down payment" policy , the maximum loan amount to unilateral 600,000 sides 800,000 yuan. Universities, secondary vocational school students to buy real estate, to give 200 yuan per square meter incentives. At the same time, colleges and universities, secondary vocational school students, the purchase of new graduates, given the deed full subsidies.
Fifth, encourage farmers into the city to buy a house to live. Actively explore the homestead farmers voluntarily quit and land value-added benefits paid reasonable distribution mechanism. Implement the "two powers" to the mortgage policy, proof of income requirements and simplify security procedures, etc., to provide loans for the purchase of farmers into the city. Comprehensively promote the residence permit system, promote residence holders enjoy the same housing to protect the rights of local registered population, it will meet the conditions of the agricultural transfer of population into the housing security range. Three counties and one city in the region can be combined with the actual introduction of supporting policies.
XVI facilitate buyers schooling for their children. Residents schooling for their children purchase of commodity housing, entry requirements will be made "to settle down on the time" to "to live on the time," live time from the date of commercial buyers who handle the filing date of the contract.
XVII support two separated families, migrant workers and expatriates to purchase a home. Two separated families purchase a home in Shenyang, according to purchase an area subsidy of 100 yuan per square meter of financial relief. Shen purchase children of migrant workers can be accepted compulsory education in the city, the nearest school, can participate in the examination in the city. Shen expatriates in copy number of buyers without restrictions.
Eighth, to support the development of enterprise mergers and acquisitions, expanding financing channels. To encourage the development of enterprise-scale, intensive, professional development, the introduction of the city to support the development of M & A policies. Support the development of enterprises to broaden the financing channels for coordinating financial institutions lowered mortgage margin ratio good corporate credit, increase brand development enterprise credit support.
Nineteenth, to reduce the development burden on enterprises. Developing Enterprises unfinished product development tax gross margin was 15%, non-ordinary residential, commercial, warning sings of land value-added tax rate was adjusted to 2% of the garage, warning sings of ordinary residential land value-added tax rate adjusted to 1.5%. Shall be transferred to the development of enterprises approved after the completion of construction and government school sites, urban land use tax shall not be levied. When set to levy for "pre - commercial (sales) sales license" or "building warrant" after urban infrastructure fee. Canceled construction project safety measures costs, social security fee collection and disbursement. Further clean up of unreasonable charges involving real estate, deposit, supervision and funding, no clearly defined laws and regulations should be resolutely abolished, it should be appropriate to reduce the high fees. Further sort of real estate development and construction approval process to the public approval procedures and charges, undisclosed or approval shall not be subject to charges.
XX, strengthen the supervision of the development of enterprises. Strengthen the development of a dynamic enterprise qualification regulation, improve the exit mechanism, out of "zombie companies." Explore the establishment of real estate sale financial supervision mechanism, to avoid market risks.
XXI strive to foster the development of the housing rental market. Further deepen the reform of the housing system, the establishment of both buyers and renters, market allocation combined with the Government to protect the housing system. Actively cultivate rental housing operators to promote rental housing scale, professional management. Conduct on the use of self-contained rental housing stock business development companies, and specializes in the rental business enterprises, institutions and individuals, given the financial and taxation support policies. Encouraging all kinds of idle listings into the rental market, more channels to increase supply. Shen support employment, entrepreneurial college graduates rental housing, rental subsidies can receive three years, the standard is: Dr 800 yuan per month, 400 yuan per month Master, Bachelor of 200 yuan per month. To further expand the scope of protection of public rental, reduce the access threshold, to outside workers, graduates of higher education in the tilt, and promote the development of the housing rental market to grow.
XXII, strengthen leadership over the work of real estate. Government of the regional governments and relevant departments to implement the present observations conducted performance evaluation, set up by government leaders as head of real estate work leading group, responsible for the development of the city's real estate market research planning, objectives, policies and measures to promote the organization jobs. Leading Group Office located in the City Real Estate Board, in charge of the real estate market to find out and analyze the situation, coordinate the promotion of specific tasks. Regional governments to set up corresponding leading bodies and the establishment of evaluation system.
All units must fully understand and resolve the real estate stock market to promote the healthy development of the real estate of great significance to further deepening the reform, innovative and realistic, as a positive, comprehensive facilities strategy, strengthen their sense of responsibility to this work, initiative, self-awareness. The regional government should bear the responsibility, good net transfer, supporting the construction of idle land recovery, the regional fair housing organizations and other management services. All relevant departments should give full play to the role of joint, improve the coordination of real estate regulation, consistency, complementarity, and actively guide the development of enterprises to adapt to the market situation, with the government policy of benefiting, let promotion.
The amount of stuff the UK consumes has fallen dramatically since 2001, according to official government figures.
The Office for National Statistics data reveals that on average people used 15 tonnes of material in 2001 compared with just over 10 tonnes in 2013.
The figures look at the total amount of biomass (crops, wood and fish), coal, oil and gas, metal and non-metallic minerals (such as construction materials) used in the UK every year.
Nigerian River Communities to Sue Shell over Oil Spills Tens of thousands of Nigerian fishermen and farmers were given the green light to sue energy giant Shell in a British court on Wednesday for a series of destructive oil spills in the Niger delta over the past decade. The action, brought by London-based law firm Leigh Day on behalf of the Ogale and Bille communities, alleges that decades of uncleaned oil spills have polluted fishing waters and contaminated farming land. In addition to a compensation package, both groups of people want the Anglo-Dutch oil company to clean up the land devastated by the spills. Leigh Day hope to prove that Shell is liable for failing to protect its pipelines in the Bille community from damage caused by third parties extracting oil, which it says could mark a "significant expansion" in the firm's liability. The lawyers argued in a press statement that the 40,000-strong Ogale community continues to live with "chronic levels" of land and water pollution, which has had severe impacts on its farming and fishing. In hearings expected to take place later this year, Shell will argue that the two cases should be heard in Nigeria, not in Britain, according to a spokesperson for the company's Nigerian subsidiary, SPDC. The spokesperson added that both Bille and Ogale are areas "heavily impacted" by oil theft, sabotage and illegal refining, activities which Shell has long argued are the main causes of pollution in the Niger Delta. A 2011 report by the United Nations Environment Programme found that decades of oil pollution in Ogoniland region, where Ogale is located, may require the world's biggest ever clean-up and that drinking water had been contaminated by oil products. Leigh Day says spills have meant the communities haven't had clean drinking water since 1989. Leigh Day says that Shell, historically Nigeria's largest oil producer, has failed to act on the report despite its promises, a claim that was also leveled last year by Amnesty International. An Amnesty International report says Shell promised to clean up the area, yet the fragile ecosystem surrounding the delta remains contaminated. Last year Leigh Day won an unprecedented US$83.5m in damages from Shell at the high court in London for the Bodo community, who live in another part of the Niger delta. This content was originally published by teleSUR at the following address: "http://www.telesurtv.net/english/news/Nigerian-River-Communites-to-Sue-Shell-over-Oil-Spills-20160303-0018.html". If you intend to use it, please cite the source and provide a link to the original article. www.teleSURtv.net/english
We may get to end of the year, and even though supply and demand are in balance, the market shrugs and says ‘So what?’ because it’s waiting for proof of inventory draw-downs,” said Mike Wittner, head of oil markets at Societe Generale SA in New York. “Moving from stock-builds to balance might not be enough.”
Inventories started to swell in 2014 as the wave of supply unleashed by the U.S. shale oil boom, coupled with other new output, outpaced growth in global oil demand by a factor of three. The pile-up continued in 2015 as OPEC members like Saudi Arabia and Iraq raised production to defend their share of world markets, and are poised to fill even more as Iran -- freed as of last month from international sanctions -- pushes new exports into a market that’s already saturated.
For a historical precedent, Goldman Sachs Group Inc. points to the oil glut that developed in 1998 to 1999 as demand plunged in the wake of the Asian financial crisis. Crude prices kept falling even as the Organization of Petroleum Exporting Countries made output cuts in March and then June of 1998, slipping below $10 a barrel in London in December of that year. It wasn’t until stockpiles in developed economies started dropping in early 1999 that the recovery took shape
