Feature Post

UFBU Calls Off Nationwide Bank Strike on 24th and 25th Mar 2025 After Assurances from Finance Ministry and IBA

I n a significant development on March 21, 2025, the United Forum of Bank Unions (UFBU) has decided to call off their two-day nationwide strike, which was originally planned for March 24 and 25. This decision was made after the UFBU received positive reassurances from both the Finance Ministry and the Indian Banks’ Association (IBA) regarding their key demands. The banking unions, under the umbrella body of UFBU, represent employees from nine major unions across the country, including AIBEA, AIBOC, NCBE, AIBOA, and BEFI. The unions had earlier called for the nationwide strike to protest against several ongoing issues that they believe impact the welfare and job security of bank employees. Key Issues Behind the Proposed Strike The strike was initially called by UFBU to address a range of pressing concerns, some of which have been lingering for years. The union's main demands included: Five-Day Workweek for Bank Employees:  One of the most anticipated demands was the implementation o...

Retail Banking - > Valuation of Real Property

Valuation is a specialized area practiced by qualified engineers and architects who posses knowledge of building costs, awareness of market conditions and economic trends, development plans, legal statutes and provisions, governing real property, rental income and outgoings etc.

Income Tax department grants registration to valuers u/s 34AB of the wealth tax of 1957.

The Institute of Valuers, Delhi is a professional body that grants membership to practicing Valuers.

The factors that influence the return from agricultural land are –
a.           Land
b.           Soil Quality
c.           Availability of Water & Electricity
d.           Size of Holding
e.           Clear Title of Land
f.            Access by Road and Approaches
g.           Cottage or Farm house, fencing and gates
h.           Types of crops that can be cultivated

Valuation Method of Agricultural Land
i)             Income Capitalization Method
ii)           Sales Statistics Method

Valuation Method of Open (Urban) Land
i)             Comparative Method
ii)           Rent Capitalization Method
iii)          Belting Method

Valuation Methods of Land with Building
i)             Comparative Method
ii)           Rent Capitalization Method
iii)          Valuation based on Profit
iv)         Valuation based on cost
v)           Development Method

vi)         Valuation of Specialized Building

More Related Topics click on
        Sinking Fund           
        Depreciation        
        FSI/FAR     
        YP (Year Purchase)

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