Thursday, November 13, 2008

CANCELLATION OF BOGUS LAND DEALS IN INDIA

THIRUVANANTHAPURAM:
The Cabinet on Wednesday (13th November 2008) approved a proposal for amending the Registration Act to empower the government to cancel transfer of land done using bogus documents and deeds
Briefing presspersons on the Cabinet decisions, Chief Minister V.S. Achuthanandan said the proposed amendment would make registration of sale deeds mandatory. Further, the government would specify that government and quasi- government institutions should transfer their land only on receipt of a no-objection certificate from a designated officer.
The Chief Minister said the Cabinet had approved the guidelines for implementation of the EMS Housing Scheme. Local self-government institutions should set apart 15 per cent of their annual Plan allocations for the scheme. All eligible persons should be given housing loans before 2010. Cooperative banks would extent loans.
The interest rate would be 10 per cent a year. The plan was to ensure housing for all homeless families. The coverage of the scheme would be over and above existing schemes.

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