UPA turned Share Market into Casino
Share Market has turned into Casino:Arun Singh
Jagbani -Jalandhar, 22 September, 2008: National President, BJP Investor Cell, Arun Singh termed Congress led UPA Government as a coterie of enticers of Congress President Sonia Gandhi having feeble interest in governance. He aggrieved that Congress led UPA Government have miserably failed to safeguard Retail Investor from frivolous Real Estate Developers. Taking a dig at the much-abated “Real Estate Management (Regulation and Control) Bill” proposed in 2006 by the UPA Government to regulate Real Estate, Sh. Arun Singh said, “It seems that Congress Government was only interested in safeguarding the investments of Retail Investors to keep their President, Sonia Gandhi’s vested interests, their silence on the above Bill corroborates that Real Estate Developers have acceded to her demands”.
Advocating the immediate need of a Real Estate Regulator, Sh. Arun Singh stated, “Those opposed to the idea of a Regulator argue that the automobile Industry does not have a regulator, yet it produces world-class cars. But Real estate cannot be compared to any other industry, as the quantum of investment is very large. Moreover, there is no off-the-shelf delivery; between booking and delivery lies a gap of nearly two years.”
He further added that the appointment of a regulator is expected to improve reliability and reduce the gap between what is promised and what is delivered”. Greater accountability of Real Estate Developers will enable greater confidence of the Investors. Once confidence level improves, the quantum of domestic and foreign investment coming into the sector will also rise substantially. He further argued that, in the pre-SEBI regime the quantum of FII investment in a year was a few millions dollars but today exposure is over $10 billion (Rs 46,000 crore) annually.
Sukhminderpal Singh Grewal nominated Investor Cell
Punjab Kesari, 13th July, 2009: Sardar Sukhminderpal Singh Grewal is appointed Punjab State President of BJP Investor Cell. BJP (and BJYM) Workers across Punjab are elated over his elevation. Grewal stated that the cell will connect Indian Inc, NRI and over 10 Crore Small Investors and will look into the problems faced by them
Congress Government making fun of Small Investor
Amar Ujala 22nd September, 2009, Jalandhar: National President, BJP Investor Cell, Arun Singh termed Congress led UPA Government as a coterie of enticers of Congress President Sonia Gandhi having feeble interest in governance. He aggrieved that Congress led UPA Government have miserably failed to safeguard Retail Investor from frivolous Real Estate Developers. Taking a dig at the much-abated “Real Estate Management (Regulation and Control) Bill” proposed in 2006 by the UPA Government to regulate Real Estate, Sh. Arun Singh said, “It seems that Congress Government was only interested in safeguarding the investments of Retail Investors to keep their President, Sonia Gandhi’s vested interests, their silence on the above Bill corroborates that Real Estate Developers have acceded to her demands”.
Advocating the immediate need of a Real Estate Regulator, Sh. Arun Singh stated, “Those opposed to the idea of a Regulator argue that the automobile Industry does not have a regulator, yet it produces world-class cars. But Real estate cannot be compared to any other industry, as the quantum of investment is very large. Moreover, there is no off-the-shelf delivery; between booking and delivery lies a gap of nearly two years.”
He further added that the appointment of a regulator is expected to improve reliability and reduce the gap between what is promised and what is delivered”. Greater accountability of Real Estate Developers will enable greater confidence of the Investors. Once confidence level improves, the quantum of domestic and foreign investment coming into the sector will also rise substantially. He further argued that, in the pre-SEBI regime the quantum of FII investment in a year was a few millions dollars but today exposure is over $10 billion (Rs 46,000 crore) annually.
India at war with Economic Terrorism
Dainik Bhaskar, Jalandhar 22nd September, 2008: National President, BJP Investor Cell, Arun Singh termed Congress led UPA Government as a coterie of enticers of Congress President Sonia Gandhi having feeble interest in governance. He aggrieved that Congress led UPA Government have miserably failed to safeguard Retail Investor from frivolous Real Estate Developers. Taking a dig at the much-abated “Real Estate Management (Regulation and Control) Bill” proposed in 2006 by the UPA Government to regulate Real Estate, Sh. Arun Singh said, “It seems that Congress Government was only interested in safeguarding the investments of Retail Investors to keep their President, Sonia Gandhi’s vested interests, their silence on the above Bill corroborates that Real Estate Developers have acceded to her demands”.
Advocating the immediate need of a Real Estate Regulator, Sh. Arun Singh stated, “Those opposed to the idea of a Regulator argue that the automobile Industry does not have a regulator, yet it produces world-class cars. But Real estate cannot be compared to any other industry, as the quantum of investment is very large. Moreover, there is no off-the-shelf delivery; between booking and delivery lies a gap of nearly two years.”
He further added that the appointment of a regulator is expected to improve reliability and reduce the gap between what is promised and what is delivered”. Greater accountability of Real Estate Developers will enable greater confidence of the Investors. Once confidence level improves, the quantum of domestic and foreign investment coming into the sector will also rise substantially. He further argued that, in the pre-SEBI regime the quantum of FII investment in a year was a few millions dollars but today exposure is over $10 billion (Rs 46,000 crore) annually.
Sh. Ashok Goel, National Vice President, BJP Investor Cell added that in the current scenario, all regulations and controls apply only up to the stage when the developer gets the licence. Thereafter, there is no system for monitoring the implementation of projects or for taking action in case the final product does not match promised standards. Sh. Goel demanded that Government should enforce that Real Estate Developers should furnish Performance Bank Guarantees to ensure that they meet promises made to the buyers.
Sukhminderpal Singh Grewal, Punjab State Chief, BJP Investor Cell, congratulated Sh. Arun Singh and Sh. Ashok Goel, for conception of “Investor Helpline” to provide legal and professional aid to Retail Investors, and stated that it was a huge success in Punjab State. Grewal added that they are receiving numerous complaints from Retail Investors on investorhelpline@bjpindia.in who have lost their hard earned lifetime savings to these frivolous Real Estate Developers and in the absence of a Regulator, these Investors are left with no other option but to move courts wherein justice is a distant dream.
He observed that delayed possession and signification variation in the quality of the final product from the initial promises made by the Real Estate Developers is the most common grievances of buyers. He further stated that, today, anyone is free to become a Real Estate Broker, without any educational or licensing pre-requisite. Many unscrupulous brokers operate hand in glove with the new developers. In lieu of a higher commission, they get clients to invest in the projects of new developers, despite being aware of the higher risks.
The panacea for most of these ills lies in having a regulator for the real estate sector with powers to penalise errant developers and brokers. Grewal further added that Developers divert funds meant for one project to another. Sometimes they take on more projects than their financial strength allows. This results in projects getting delayed. Grewal stated, “Appointment of a Real Estate Regulator, disclosure standards will improve. RED will have to make project-wise disclosures of fund flow (SEBI has made this mandatory already for industries), making diversion of funds more difficult.”
Investigation of Illegal Collection of Stamp Duty
Aaj Di Awaz 1 December, 2008,Jalandhar: BJP Investor Cell Chief of Punjab State, Sukhminderpal Singh Grewal today handed over the illegal Additional Stamp Duty collection matter to CBI Incharge Sh. Mahesh Aggarwal. Grewal stated that the above extortion across Punjab is a straight violation of Indian Stamp Act.The matter dates back to Capt Amarinder Singh led Congress Government, which issued an autocratic ordinance imposing additional 3% stamp duty on several transactions including immovable property. Later, Congress Government amended Indian Stamp Act and converted this ordinance into law by adding Section 3-C (inserted by Punjab Act No. 11 of 2005) in Indian Stamp Act and imposed an additional 3% Stamp duty and restricted the additional levy to areas of Municipal Corporations and Class I Municipalities by getting an amendment passed in Punjab Vidhan Sabha. Considering the colossal public outcry and protests the then Congress Government was forced to keep the areas of Class II and Class III Municipalities and Nagar Panchayats away from the effect of this amendment.
But the revenue officials unceremoniously recovered additional 3% levy in Class II, Class III and Nagar Panchayat areas all over the State burdening rural and sub-urban folks all over Punjab. It is worth mentioning that people transacting in Class II areas of Samana, Sirhind, Sunam, Ahmedgarh, Dhuri, Nakodar, Nawanshehar, Banga, Phillaur, Nurmahal, Dasuya, Urmur Tanda, Mukerian, Garshankar, Doraha, Raikot, Samrala, Ropar, Morinda, Kharar, Kurali, Guru Harsahai, Talwandi Bhai, Jalalabad, Zira, Jaitu, Giddarbaha, Bhuccho Mandi, Goniana, Rama, Maur, Budhlada, Jandialaguru, Patti, Tarantaran, Dhariwal, Dinanagar, Sultanpur Lodhi, Rampura Phul and Class III areas of Sangrur, Dera Bassi, Banur, Bassi Pathana, Amloh, Longowal, Bhiwanigarh, Lehragaga, Dhanuala, Tappa, Bhadaur, Kartarpur, Alawalpur, Adampur, Rahon, Gardhiwala, Haryana, Shamchurasi, Payal, Anandpur Sahib, Dharamkot, Sangat, Kotfata, Bareta, Majitha, Ramdass, Qadian, Dera Baba Nanak, Shri Hargobindpur, Fatehgarh Churian, Sujanpur and 29 other areas which fall within limits of Nagar Panchayats are made to pay excess levies unlawfully.
Section 3-C of Indian Stamp Act clearly states that additional stamp duty is applicable to only Municipal Corporation and Class-I Municipalities while it is horrendously charged in Class II, Class III Municipalities and in the areas of Nagar Panchayats and cited Section 3-C which reads as “Every Instrument mentioned in entry 23 of Schedule 1-A chargeable with duty under Section 3, shall in addition to that duty, be also chargeable with such duty, as specified in Schedule 1-B, if such an instrument is executed in the area failing within the jurisdiction of a Municipality or a Corporation or within the area of five kilometers from the outer limit of the Municipality or Corporation, as the case may be, as may be specified by the Collector. This shall be applicable only to Municipal Corporation and Class-I Municipalities”.
It is further clarified that as per Indian Stamp Act, “additional 3% Stamp Duty” cannot be levied over documents which are exempted from any Stamp Duty even in areas of Municipal Corporation and Class-I Municipalities but Revenue Officials are defying law and people are asked to pay additional 3% Stamp Duty by compulsion across Punjab. For instance, there is no Stamp Duty chargeable on transfer of ownership of Residential house from the name of father to his son or daughter etc. and only registration fee is chargeable as the same document is exempted from the Stamp Duty but the Revenue Officials are illegally forcing 3% additional Stamp Duty on the same, where the Stamp Duty itself is exempted, the question of paying additional Stamp Duty does not arise. Kindly conduct an enquiry against Capt. Amarinder Singh, former Chief Minister, former Revenue Minister and other bureaucrats responsible for the above omission and deceit with the people of Punjab.
BJP organizes activism on Economic Terror
Amar Ujala 22nd Septemper, 2008, Jalandhar: BJP Investor Cell National President Arun Singh, National Co Convenor Ashok Goel and Sukhminderpal Singh Grewal, President, Punjab State, BJP Investor Cell, addressed a Press Conference on Economic Terrorism in Jalandhar.
Officials of Oil Companies and MC swindled 752 Cro
Ajit Ludhiana, 10th November,2008: BJP Investor Cell Chief,Punjab, Sukhminderpal Singh Grewal today handed over a letter to Chief Minister Prakash Singh Badal to inquire a major “Advertisement Tax Scandal” of a whooping 752 Crores committed by officers of Oil Companies and Municipal Corporations of Punjab. Oil Companies across India have installed Flex Hoardings to advertise their Products but till date they haven’t paid any Advertisement Tax applicable upon these Hoardings. There are over 68388 Retail Outlets all over India of which 5226 Retail Outlets are commissioned in Punjab. These Retail Outlets have erected Flex Hoardings with an average 1000 sq. feet advertising space apart from other advertisement spaces such as Glow Facia and Signages which means Advertisement Tax on 52,26000 sq feet advertisement space is fleeced by these Oil Companies. This further calculates to a whooping loss of over 52 Crores per annum to Punjab Government only. Considering an average age of meager 6 years of these hoardings, as most of them were installed during Captain Amarinder Singh’s regime this amounts to a loss of over 752 Crores to the state exchequer. Grewal demanded that a CBI enquiry be ordered immediately and responsibility of erring and corrupt officials of these oil companies and Municipal Corporations be fixed and guilty be booked as per the rulebook. He further added that “Advertisement Mafia” is hand in glove with certain officials of Municipal Corporation and they are openly flouting landmark judgments of Honourable Punjab and Haryana High Court wherein the Honourable Court had banned any Hoarding within 100 m from any important road and demanded that the Government should immediately intervene to curb the menace and book the guilty.
BJP Investor Cell inagurates Investor Helpline
Ajit Ludhiana 3rd September, 2008
BJP Workers ignored during Vikas Yatra
Ajit Ludhiana 11 January, 2008
Govt should operationalise Real Estate Bill
Dainik Jagran, Jalandhar 22nd September, 2008
Government converted Share Market to Casino
Punjab Kesari Jalandhar 22nd September
Grewal appointed BJP Investor Cell Punjab Chief
Pehradar, Jagraon, 12 July, 2008
Setup body to monitor Big Realty Deals
The Tribune Jalandhar 22nd September, 2008
BJP Cell wants Real Estate Regulation Bill passed
Times of India, Jalandhar 22nd September, 2008
Grewal appointed President BJP Investor Cell
Spokesman, Ludhiana, 16th July, 2008
Nuclear Medicine will help Kidney, Heart and Bones
SAD(Longowal) Workers join Bharatiya Janta Party
National President BJP Investor Cell to reach Punj
Spokesman, Ludhiana 19th September, 2008
Gosain and Grewal charged DC of irregularities
Ajit Ludhiana, 22nd September, 2008
Government sleeping over Cyber Terrorism: Grewal
Jagbani, Jalandhar, 28 September 2008
Immediate Action on misuse of IT by Terrorists dem
Ajit Jalandhar, 28 September, 2008
Investor Helpline to launch on 3rd: Grewal
Ajit Ludhiana 30 August, 2008
Gosain inagurated BJP Investor Helpline
Ajit Samachar, Ludhiana 03rd September, 2008
Gujjar apologised at Gosain\'s residence
Ajit Samachar, 22nd December 2008
National Investor Helpline to launch on 3rd
Ajit Samachar, 30th August, 2008
BJP dedicates Investor Helpline
Jagbani, Ludhiana 3rd September, 2008
Workers welcome Grewal appointment in Investor Cel
Ajit Mullanpur Dhakha 16th July, 2008
BJP Investor Helpline to get online 3rd onwards
Amar Ujala, Jaitu
BJP launched Investor Helpline
Amar Ujala 3rd September, 2008
Laddos distributed on Grewal appointment
Chardikala 16th July, 2009
BJP Investor Helpline opens
Chardikala, Ludhiana 03rd September, 2008
Badal ignoring BJP Workers: Grewal
Chardikala, Ludhiana, 13th January, 2008
Grewal to campaign in J&K Elections
Chardikala, 15th December, 2008
Workers elated over Grewal\'s appointment
Chardikala, 16th July, 2008
Sukhbir elevation autocratic decision: BJP
Desh Sewak Jalandhar, 19th January, 2009
Bhartiya Janta Party Investor Helpline to launch o
Chardikala, 31st August, 2008
BJP kickstarts BJP Investor Helpline
Dainik Jagran, 03rd September, 2008
BJP Workers subjected to step motherly behavior
Dainik Jagran 11th January, 2008
Grewal nominated BJP Punjab Investor Cell Chief
Dainik Jagran 16th July, 2008
Over 2000 BJP Workers courted arrest
Dainik Jagran, Ludhiana 21 August, 2008
DC Gosain Issue
Dainik Jagran 22nd December, 2008
Gosain & Grewal charged Gujjar of irregularities
Dainik Jagran 23rd December, 2008
National Investor Helpline to launch on 3rd
Dainik Jagran 31st August 2008
Inquiry into Illegal Stamp Duty Collection demande
Dainik Bhaskar, 1 December, 2008
Grewal became BJP Investor Cell Punjab Chief
Dainik Bhaskar 16th July, 2008
BJP Workers ignored in Government Vikas Yatra
Dainik Bhaskar 19th January, 2008
BJP Investor Cell Helpline to start on 3rd
Dainik Bhaskar, 31st August, 2008
Stamp Duty matter handed over to CBI Incharge
Desh Videsh Times, Ludhiana 1st December, 2008
Grewal leaves for Election Campaign to Srinagar
Desh Videsh Times, Ludhiana, 15 December, 2008
BJP launches Investor Helpline
Hindustan Times Ludhiana, 3rd September, 2008
Save Investors from firms fudging profits
Hindustan Times, Ludhiana, January 11, 2008
Grewal appeals to J&K Parties
Hindustan Times, Chandigarh 22nd August, 2008
Hundreds of SASS members court arrest
Hindustan Times 23rd August, 2008
Terrorists misusing technology to commit acts of t
Hindustan Times, Ludhiana, September 29, 2008
BJP to launch helpline for traders on Sept 3
Hindustan Times, Ludhiana August 31 2008
BJP starts helpline for retail investors
Indian Express, 06 September, 2008
Satyam saga was waiting to happen
Indian Express, January 11, 2008
Sukhbir elevation needless: BJP leader
Indian Express, 19 January, 2008
Bhandari along with 2000 samiti men courts arrest
Indian Express 22nd August, 2008
DC offers olive branch, Gosain not to withdaw comp
Indian Express, Ludhiana, 22nd December, 2009
Govt must take steps to tackle Cyber Terrorism
Indian Express Ludhiana September 24
CBI to inquire Addl. 3% Stamp Duty Collection
Jagbani 1st December, 2008
BJP Investor Cell will provide guidance to investo
Jagbani Ludhiana 3rd September, 2008
Grewal appointed BJP Investor Cell Punjab Chief
Jagbani Ludhiana 16th July, 2008
Grewal appointed BJP Investor Cell Punjab Chief
Jagbani 17th July, 2008
Sukhbir elevation as Deputy CM under fire
Jagbani Ludhiana 19th January, 2008
D.C reaches Gosain\'s Residence
Jagbani Ludhiana, 22nd December, 2008
BJP Workers stoned Mosque while courting arrest
Jagbani 22nd July, 2008
Technology aiding Terrorists: Grewal
Jagbani, Chandigarh 24th September, 2008
BJP National Investor Helpline to launch on 3rd
Terrorists misusing Technology: Grewal
Nava Zamana, Jalandhar, 28th September, 2008
Grewal appointed BJP Investor Cell Punjab Chief
Punjab Kesari, Ludhiana, 13th July, 2008
Illegal Stamp Duty under CBI Investigation
Punjab Kesari, Chandigarh, 1 December, 2008
Investor Helpline launched to help Investors
Punjab Kesari, Ludhiana, 4th September, 2008
Nursing is Service to Humanity: Grewal
Punjab Kesari Ludhiana, 9th December, 2008
Grewal appointed BJP Investor Cell Punjab Chief
Punjab Kesari, 13th July, 2008
Under Grewal leadership BJP will reach new highs
Punjab Kesari, Sahnewal, 19th July, 2008
DC Gosain Imbroglio
Punjab Kesari, 22nd September, 2008
BJP Investor Cell Helpline to start on 3rd
Punjab Kesari Ludhiana 30th August, 2008
CBI should inquire illegal 3% Addl Stamp Duty coll
Pehredar, 1st December, 2008
BJP Workers not getting due respect in governance
Pehredar, Ludhiana, 11th January, 2009
Sukhbir Elevation decision autocratic: Grewal
Pehredar, Ludhiana 19th January, 2009
BJP Investor National Helpline opens tomorrow
Punjab Kesari Ludhiana 1st September, 2008
Workers elated over Grewal\'s appointment
Spokesman, Mullanpur, 16th July, 2008
Hundreds of BJP Workers courted arrest
Punjabi Tribune, Ludhiana 21st August, 2009
Helpline for Investors launched
The Tribune, Ludhiana September 4, 2008
BJP blames UPA for Satyam Scam
The Tribune, 11 January, 2009
BJP picks local lawyer to spearhead campaign
The Tribune, Ludhiana 15th December, 2008
Thousands of BJP Workers Courted Arrest
The Tribune Chandigarh August 1 2008
Hundreds Court arrest
The Tribune, Ludhiana, August 21, 2008
DC seeks forgiveness from Deputy Speaker
The Tribune, September 22nd 2008, Ludhiana
Government may enact anti-terror law: Jaiswal
The Tribune, 29th September, 2008
Panel setup to check on Wi-Fi Security
The Tribune New Delhi, October 30
Terrorism doesnt have a Religion
Dainik Jagran 9th February, 2009
Need for change in Technology and Thought Proces
Desh Sewak, Ludhiana 9th February, 2009
Terrosim a challege to Indians: K.P.S Gill
PunjabKesari, Ludhiana, 9th February 2009
HOLDING CULTLURE
All Parties should fight Terrorism together:Shastr
Pehredar, 9 February, 2009
Single Nation have not given birth to Terrorism:KP
Punjab Kesari Ludhiana 09 February, 2009
BJP seeks probe into MC Commissioner role
Indian Express, Ludhiana, February 18, 2009
Vigilance Bureau will inquire Advertisement Scam
Dainik Jagran, Ludhiana, 19th February, 2009
MC fails to initiate probe in Advt Tax Scam
The Tribune, Ludhiana, 19th February, 2009
Commissioner not serious about Advertisement Scand
Punjab Kesari Ludhiana 19th February 2009
