Seventh Pay Commission can be potential game changer for struggling real estate

first_imgThe struggling real estate market in the country could get a major relief once the Seventh Central Pay Commission recommendations are implemented by the government as an increase in salaries of government employees is likely to boost the demand for home purchases.While, on the supply side, the country’s real estate sector is likely to be supported by recent easing of foreign direct investment (FDI) norms by the government, the implementation of the pay panel proposals is being seen as a “potential game changer” on the demand side.”The Pay Commission recommendations will have a significant impact on the real estate cycle in small towns as more than 80 per cent of Central government employees reside in tier II, III cities,” said analysts at Credit Suisse in a report.The Seventh Pay Commission, headed by Justice AK Mathur, recommended a 16% hike in basic salary and a 63% increase in allowances for government employees, taking the overall hike in salaries to 23.55%.The recommendations are expected to rise in incomes of 3.4 crore employees and pensioners once the state and central governments implement them. Housing and transport sectors are expected to be the biggest beneficiaries from an increase in incomes of government employees.”Altogether around 80 per cent of the beneficiaries would see an increase of less than Rs10,000 per month and account for 50 per cent of the payout. The rest would get around Rs 24,000 more every month on an average,” said the report prepared by Neelkanth Mishra, Prateek Singh and Ravi Shankar of Credit Suisse.The report said that those employees who who will see an increase in monthly salary by around Rs 24,000 are likely to play a key role in pushing up the demand in the housing sector.”Most of this impact is likely in the smaller cities (only 20 per cent of central government employment is in the tier I cities). The Pay Commission recommendation, in our view, is an important milestone in the real-estate cycle in the smaller towns, recent weakness was likely the effect of the last pay commission fading,” The Indian Express quoted the Credit Suisse report as saying.last_img read more

White House Doctor Trump In Excellent Health

first_img Share Chip Somodevilla/Getty ImagesPresident Trump talks with journalists at the White House after signing the tax overhaul into law on Friday.President Donald Trump’s White House physician declared him in “excellent health” after the president received his first medical checkup at Walter Reed military hospital on Friday, undergoing a physical examination amid suggestions in a recent book and by his detractors that he’s mentally unfit.Dr. Ronny Jackson, in a statement released by the White House, said the examination “went exceptionally well. The President is in excellent health and I look forward to briefing some of the details on Tuesday.” Trump spent about three hours at the medical facility in Bethesda, Maryland, outside Washington, for the Friday afternoon checkup, his first as president, before departing for Florida for the weekend.The fairly routine exam for previous presidents has taken on outsized importance in the age of Trump, given the tone of some of his tweets, comments attributed to some of his close advisers and Trump’s recent slurring of words on national TV.Some of the comments were published in a new book about Trump’s first year, “Fire and Fury: Inside the Trump White House” by Michael Wolff, which White House press secretary Sarah Huckabee Sanders has denounced as “complete fantasy” for portraying her 71-year-old boss as undisciplined and in over his head as president.Trump himself has pushed back hard against any suggestion that he’s mentally unfit, declaring himself “a very stable genius.” He told reporters on Thursday that he expected the exam “to go very well. I’ll be very surprised if it doesn’t.”The examination lasted several hours and measured things like Trump’s blood pressure, cholesterol, blood sugar, heart rate and weight. The White House did not provide specific results of those tests. Jackson, who also provided care for President Barack Obama and became a White House physician in 2006, is expected to provide a detailed readout of the exam on Tuesday and answer questions from reporters.But conclusions about Trump’s mental acuity were not expected. The White House said Trump would not undergo a psychiatric exam. Officials did not address a different type of screening: assessments of cognitive status that examine neurologic functions including memory. Cognitive assessments aren’t routine in standard physicals, though they recently became covered in Medicare’s annual wellness visits for seniors.While the exams are not mandatory, modern presidents typically undergo them regularly and release a doctor’s report declaring they are “fit for duty.”Two months before the November 2016 election, Trump released a five-paragraph letter from his longtime physician, Dr. Harold Bornstein, who concluded that Trump “is in excellent physical health.” A year earlier, Bornstein said in a December 2015 letter: “If elected, Mr. Trump, I can state unequivocally, will be the healthiest individual ever elected to the presidency.”The 2016 letter put Trump’s blood pressure and cholesterol measurements in the healthy range, though he uses a cholesterol-lowering statin medication. His EKG, chest X-ray, echocardiogram and blood sugar were normal.The 6-foot-3 Trump weighed 236 pounds (107 kilograms), and his body mass index, or BMI, of 29.5 put him in the category of being overweight for his height.Trump takes Crestor for his cholesterol, a low-dose aspirin for heart attack prevention, Propecia to treat male-pattern baldness and antibiotics for rosacea. The doctor’s 2016 letter stated that Trump’s testosterone level, 441.6, was in the normal range, as were his PSA reading for prostate abnormalities and tests of his liver and thyroid.Trump was 70 when he took office on Jan. 20, 2017, making him the oldest person ever elected to the nation’s highest office.How much of Trump’s health information is released to the public is up to the president, but Sanders said she expects the White House to release the same kind of details past presidents have made public.Obama’s three medical reports included sections on vital statistics; physical exam by system, such as eyes, pulmonary and gastrointestinal; lab results; his past medical and surgical history; his social history; and medications, among others.Trump has said he gets most of his exercise playing golf. The American Heart Association has said the best types of exercise increase the heart rate and make a person breathe heavily, but that activities like golf don’t provide as much cardiovascular benefit since they don’t require much extra effort. The association suggests players walk the golf course instead of renting a golf cart. Trump drives a cart from hole to hole.Obama played basketball, lifted weights, worked out on an elliptical machine or treadmill and played golf. George W. Bush traded running for mountain biking to preserve his knees. Bill Clinton was a runner who installed a jogging track at the White House. He also played golf and indulged in Big Macs.Trump likes fast food, too, along with well-done steaks, chocolate cake and double scoops of vanilla ice cream. He reportedly downs 12 Diet Cokes a day. In their recent book, “Let Trump Be Trump,” former top campaign aides Corey Lewandowski and David Bossie described the four major food groups on Trump’s campaign plane as “McDonald’s, Kentucky Fried Chicken, pizza and Diet Coke.”last_img read more

Who Knew What When About DCs Schools ExChancellor

first_imgAntwan Wilson, former chancellor of District of Columbia Public Schools (DCPS), said D.C. Mayor Muriel Bowser knew about his daughter’s covert transfer to another high school, months before it became public knowledge and resulted in his forced February resignation.Antwan Wilson, former chancellor of D.C.’s school system, is raising questions about who else knew about his actions. (Courtesy photo)On Monday, March 5, Wilson, in his first interview since he was ousted on Feb. 20, told the Washington Post that he informed Bowser in late September that he was working with former Deputy Mayor, Jenifer Niles, who also resigned, to transfer his daughter out of Duke Ellington School of the Arts, after she experienced emotional health issues from being enrolled at the institution.  He claimed he told the mayor in early October his daughter had successfully transferred to Woodrow Wilson High School.Despite Wilson’s claims, the mayor said on Monday, she was clueless about the ex-chancellor’s and former deputy mayor’s plans to transfer his daughter avoiding protocol.“I in no way approved of a transfer or knew about an illegal transfer,” Bowser said.While Bowser’s Communication Director, Anu Rangappa, corroborated that the mayor met with Wilson on Sept. 20 and Oct. 11, he said there was nothing about Wilson’s daughter written on the agenda for either meeting.After his public apology and unsuccessful plea campaign to keep his position, Wilson initially quietly resigned post the mayor’s orders, and pulled his daughter from Wilson High.Yet, after the rhetoric used by the mayor, calling Wilson and Niles’ actions, “inexplicable” and “indefensible”, and her claim of ignorance in the transfer, the former chancellor said he was let down by Bowser’s false narrative.“I’ve seen that narrative, and I’ve been disappointed in it… Because it’s not accurate,” Wilson told the {Washington Post}.“I went to my bosses and had a conversation and made no demands,” Wilson said.  The former chancellor even said they did not even request Wilson High School by name, but that his family “wanted options in DCPS and that was important to us.”At-large Council member, David Grosso (I), who chairs the education committee, said it is time to uncover the truth about the transfer dispute.“We will be looking to get to the bottom of this,” Grosso told the {Washington Post}.The chair of the education committee said he will hold a hearing for all the political players in the scandal to testify under oath.“I feel like it’s time for us to have a public conversation under oath, about what happened,” Grosso said.  If Niles, Wilson, and Bowser refuse to appear voluntarily, council committees, such as education, have the power to subpoena witnesses.last_img read more