1. Realtors in Bengaluru say dropping property prices to lower inventory levels is impractical. They were responding to Reserve Bank governor Raghuram Rajan's statement on Thursday that banks may be able to reduce home loan interest rates only after property developers reduce prices to clear the current high levels of unsold stock.
2. The Rajasthan High Court has said that citizens have no right to services without paying taxes. It has asked the state government to impose urban development tax in all cites of the state according to the guidelines of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).
3. Around three weeks after 1993 Mumbai blasts accused Yakub Memon was hanged in Pune, Balwant Singh Rajoana, facing death penalty for assassination of former Punjab chief minister Beant Singh, has urged the President of India to take decision on his pending mercy petition.
4. Dawood Ibrahim has nine residences in Pakistan, including one bought near the house of Bilawal Bhutto Zardari, son of former Prime Minister Benazir Bhutto , two years ago, and has three Pakistani passports which he frequently uses to travel.
5. I finished my diploma course at the Films and Television Institute of India (FTII) in 1995, within the stipulated three-year time frame. Up until 2000, batches following mine too completed their course in time, give or take small delays.
