Should You Invest Under Construction To Get High ROI In 2022-23?

There is no denying that the realities of the past few years have created a sense of insecurity in the minds of investors. However, that reluctance was short-lived and the industry is looking at a full recovery. Even so, owning one is still beyond the reach of the average person.

Ready-to-move-in or under construction? Since 2022 will be a pivotal year for the sustainable recovery of the housing sector, investing in a property under construction will bring some excellent returns in the long run. Let’s analyze why?

Low input cost

As the real estate sector struggles to stand on its own two feet, real estate developers are rolling out lucrative offers and large amounts to attract home buyers. Since projects under construction take time to complete, an investor can book a property with only 5-10 percent of the actual cost and the rest can be paid in phases or according to the developer’s deferred payment plan.

Thus, the input cost is a fraction of the amount used in the acquisition of a ready-to-move-in housing unit. In 2022, developers are much more willing than ever to invite investors. Therefore, investors must consider the ownership of the property under construction.

Affordable interest rates

The economy is recovering from an unprecedented epidemic, the pace of credit disbursements is accelerating and interest rates on housing loans are at an all-time low. Nationalized banks are offering home loans at 6.50-10 per cent, while non-banking finance companies (NBFCs) are offering home loans at 6.90 to 12 per cent.

This makes it a good time for investors to take advantage of lower interest rates and invest in properties under construction. In addition, the home loan can be synced with the developers’ payment plan so that the installment is released once the construction stages are completed.

High return potential

As the economy recovers from a difficult challenge, the pace of growth over the next decade will be remarkable. According to Moody’s, the Indian economy is expected to grow at 9.1 percent next year. This forecast shows the potential of the Indian economy. When real estate investors consider a property under construction, the rate of return on a 7-10 year time scale would be excellent.

In addition to the residential segment, commercial real estate investment is also on the rise. If renting is the sole purpose of the investment, you may want to consider a commercial property under construction.

Attractive offer

To attract potential home buyers, reputable real estate developers are offering attractive discounts, free furniture, low booking amounts, stamp duty rebates, late payment plans (often construction links), group discounts and free clubs for a fixed period of time. Developers are doing this to attract serious buyers and encourage them to consider the project from a long-term investment perspective. Investors who want to make a rental income after a few years can start with an initial investment and once completed, the investment can be a workhorse.

Ultimately, 2022 provides a unique opportunity for real estate investors to invest in a property under construction because the initial investment costs are low, and there are many options to choose from. However, factors such as location, developer reputation, RERA registration and connectivity must be kept in mind before investing in a property under construction.

(By Suren Goyal, Partner, RPS Group)

Disclaimer: This is the personal opinion of the author. Readers are advised to consult their financial planner before making any investment.

China Covid policy: Zero covid policy is not sustainable; Shift strategy: WHO says

China’s widely discussed dynamic zero-covid policy has drawn sharp criticism from the WHO, which has called it “sustainable” in light of the coronavirus’ ever-changing behavior, and has called on Beijing to change its strategy.

World Health Organization (WHO) Director-General Tedros Adhanam Ghebreiss made the remarks on Tuesday while commenting on China’s zero-cove policy, under which many Chinese cities, including Shanghai and Beijing, have long been under lockdown or semi-lockdown.

“We all know that the virus is evolving, changing its behavior and becoming more contagious. With that changing behavior, it’s important to change your system,” Tedros said.

“When we talk about the zero covid strategy, what we expect in the future is not sustainable considering the behavior of the virus now, especially when we now have a good knowledge and understanding of the virus,” he told the media. Briefing in Geneva.

With the availability of better equipment, shifting to another strategy would be crucial, Tedros said in a recording of his press conference broadcast to the media by the WHO.

“We have discussed the issue with Chinese experts and we have indicated that the method will not be sustainable. Considering the behavior of the virus, I think a change would be very important,” he said, sharply criticizing China’s zero-covid policy. Beijing at the behest of Chinese President Xi Jinping.

On Wednesday, China’s National Health Commission reported 1,847 cases, mostly from Shanghai, the country’s business center of more than 25 million people, which had been under lockdown for more than a month.

Also, the capital Beijing, which is under a semi-lockdown, conducted its ninth nuclear acid test on Wednesday for more than 21 million people. The tenth test will be held on Thursday.

As China continues its fierce battle to stem the spread of the Omicron variant, President Xi is urging officials to adhere to the harshly criticized dynamic zero-covid policy, saying epidemic prevention has reached a critical stage.

In his widely circulated remarks at a meeting of the ruling Communist Party’s high-powered political bureau in Beijing on May 4 to review the Kovid-19 situation, President Xi stressed that epidemic prevention and control is at a critical stage and called for compliance efforts. Dynamic zero-COVID principle.

Last week, China canceled the 2022 Asian Games in Hangzhou in September and the World University Games due to start in Chengdu in late June.

Protecting the zero-cove policy under which China has canceled flights with several countries, including India, for more than two years, Chinese Foreign Ministry spokesman Zhao Lijian told reporters late last month that China is currently facing an Omicron tsunami.

“This variant spreads very fast, much faster than we can imagine,” he said.

Zhao said China had brought the Delta Alternative Strike under control in about 14 days in 2021, but the Omicron attack was much more serious.

Since the first deadly coronavirus appeared in the central Chinese city of Wuhan in late 2019, it has claimed the lives of 62,55,791 people and infected more than 51,87,94,928.

More than 77% of Indian consumers expect their financial situation to improve: EY report

According to the ninth edition of the Future Consumer Index of accounting firm Ernst & Young, 77% of Indian consumers expect a positive change in their financial situation and in the next one year. The report noted that for India, the perception of a better financial situation is higher than that of their global counterparts, which is estimated at 48 per cent in the report.

More than 1,000 Indian consumers were surveyed by EY in February 2022, and the report raises growing concerns about the rising prices of goods and services that are affecting consumers worldwide, especially purchasing power of goods, ultimately influencing their purchasing decisions.

As a result, emerging markets are feeling the pinch, with 62 percent citing purchasing power by influencing their preferences (South Africa 77 percent, India 64 percent, Brazil 63 percent, China 42 percent) compared to 45 percent of respondents from developed markets (US 50 percent, Canada). 52 per cent, UK 42 per cent, France 40 per cent). The report further shows that in India, low-income earners are most affected (72 per cent) by rising costs, followed by the high-income group at 60 per cent and the middle-income group at 58 per cent.

“Consumers seeking experience are less loyal, and with increasing price sensitivities and an inflationary environment, companies need to work harder to retain them. It urges FMCG companies to look at their revenue and margin falls and reduce costs across the value chain for profit, ”said Angashuman Bhattacharya, Partner and National Leader, Consumer Products and Retail Sector, EY India.

According to the YY report, more than 54 per cent of respondents in India have made physical health and wellness a goal for the next 2-3 years, with 80 per cent of Indians saying they would be more vigilant about their physical health. Long-term, closely following their mental health priorities (6 percent). The report argues that these figures prove the fact that Indian consumers are therefore willing to pay more for high quality food, especially organic products, even though inflationary pressures are easing.

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Wipro, Zomato, Paytm out of 213 stocks on BSE hit 52-week low

The Indian equity market turned negative on Wednesday on selling pressure at IT and FMCG counters. Key indicators were fragmented in trade, aligning with world markets before key macroeconomic data. While the S&P BSE Sensex fell more than 800 points, the NSE Nifty 50 fell below the 16,000 support zone to a low of 15,992. All sectoral indices, including realty, power, capital goods, FMCG, auto, IT and metals, fell 1-2%. In broader markets, the BSE Midcap and BSE Smallcap indices declined by 1.54% and 3.12%, respectively. A total of 213 stocks reached 52-week lows on the BSE intraday, while 46 stocks were at new highs.

The stock hit a 52-week high, low on the BSE

Avro India, CWD, Galactico Corporate Services, Mehta Housing Finance, Mid India Industries, Panth Infinity, Sadhana Broadcast, SEL Manufacturing Company, Shankar Lal Rampal Die-Chem, Universal Star-Chem Max. Meanwhile, Anant Raj, Bajaj Electricals, Mrs. Bactros Food Specialties, Bosch, Campus Activeware, Dabur India, Dixon Technologies, Glammark Pharma, HDFC AMC. Infosystems (MapMyIndia), MCX, Medplus, One 97 Communications (Paytm), Info Edge (Naukri), Zomato, Wipro scrips were fresh below.

Stocks that are at 52-week highs, lower on the NSE

A total of 17 securities hit 52-week highs on the National Stock Exchange (NSE) on Wednesday, with 259 stocks hitting new lows. Global Education, Kohinoor Foods, Krittika Wires, Central India Agro Products, Sonam Clock, Vaxtex Cutfab stocks had fresh gains. On the other hand, Arvind Pharma, Bajaj Consumer Care, Bank of India, Birla Corporation, CSB Bank, ELDECO Housing and Industries, Finolex Cables, Granules India, Gulf Oil Lubricants, Hindustan Zinc, IndiabullsInsuc, , MedPlus Health Services, Natco Pharma, Orient Cement, PNB Housing Finance, Steel Authority of India were among the 52-week low stocks.

Sensex, Nifty top gainers, losers

Kotak Mahindra Bank, Axis Bank and HDFC Sensex were the only gainers, while NTPC, Tata Steel, Bajaj Finserv, Wipro, Bajaj Finance, Infosys, L&T, ITC, HUL, Maruti Suzuki India, SB . Among the Nifty 50 packs, ONGC, SBI Life, HDFC Life, Cipla and Kotak Mahindra Bank were the top gainers, followed by Shree Cement, Tata Steel, NTPC, Tata Motors and Bajaj Finserv.

Jairam Tagore: One accused arrested in Khalistan flag case, says CM Jairam

Himachal Pradesh Chief Minister Jairam Tagore on Wednesday said that one accused involved in the ‘Khalistan’ flag incident has been arrested.

Thakur said the two accused were involved in putting flags on the walls of the state assembly, one of whom was arrested this morning.

Speaking to ANI, Thakur said, “I want to say that in the case where the Khalistani flag was tied at the gate of Himachal Pradesh Assembly, I am sharing for the first time that there were two accused who came to carry out the whole incident. One of them was arrested earlier today.”

Asked about a reported threat issued by a banned organization that the rocket-propelled grenade blast outside the Punjab police intelligence headquarters in Mohali could also happen outside the Shimla police headquarters, the state chief minister said the incidents were happening. “Things to worry about” in the state.

“I do not want to say anything about the threat and as far as Gurpatwant Singh Pannun is concerned, I do not take him very seriously, but there are some things that are happening which are a cause for concern,” he said.

Meanwhile, after the ‘Khalistan’ flag was found hanging on the main gate and wall of the Himachal Pradesh Legislative Assembly, the state police on Sunday filed a case against Gurpatwant Singh Pannun, general counsel of the banned organization ‘Sikhs for Justice’ (SFJ), calling him the ‘main accused’. Case

In view of the incidents of Khalistani elements in neighboring states and the erection of a Khalistani banner in Una district on 11 April and the erection of Khalistan banners and graffiti in Dharamsala outside the assembly boundary. In view of the threat posed, the DGP-HP has directed the field formation to be on high alert from today, “said a statement issued by the Himachal Pradesh Police.

Shortly after the incident became public, a police official said flags had been removed from gates and walls.

Kangra police superintendent Khushal Sharma said, “We have removed the Khalistan flag from the assembly gate. It may be the work of some tourists from Punjab.”

The India Gaurab Tourist Train will launch on June 21; Travelogue, check prices,

IRCTC will launch the first India Gaurab Tourist Train from Delhi on 21 June The train will cover all the prominent places associated with the life of Lord Rama

This train is in line with the government’s ‘Dekho Apna Desh’ initiative. Prices for the all-inclusive tour package start at Rs 62,370 per person.

The all-inclusive package will cover train journeys to 3rd AC, overnight stays at AC hotels, vegetarian meals, all bus transfers and sightseeing, travel insurance, guide services and more. All necessary health precautions will be taken care of by IRCTC. .

Tour itinerary

The first stop of the 18-day train journey will be to Ayodhya, the birthplace of the deity. Tourists will be able to see the Shri Ram Janmabhoomi Temple, Hanuman Temple and Bharat Temple in Nandigram, the IRCTC said in a BSE filing on Wednesday. After Ayodhya, the train will go to Boxer. Travelers can visit Maharshi Bishwamitra’s Ashram and Ramrekha Ghat. The train will then leave for Sitamarhi, the birthplace of Goddess Sita.

Tourists will then board the Bharat Gaurab tourist train to Janakpur, Nepal, where they will spend the night at a hotel. They will be able to visit the famous Ram-Janaki temple in Janakpur.

From there, the train will go to Varanasi, where visitors can visit the temples of the land including Sita in Varanasi. From there the route will cover Prayag, Sringwarpur, Chitrakoot. Overnight stays will also be arranged at Varanasi, Prayag and Chitrakoot.

In the next step, the train will leave for Nasik for the night. The Trimbakeshwar temple and Panchabati will be covered. After Nasik, the next places of interest will be Krishkindha, Hampi and overnight stay at the hotel. Guests can visit the temple on the top of Anjaneyadri hill, which is believed to be the birthplace of Hanuman.

After that, the train journey will leave for Rameshwaram where it will be covered with overnight stay at Ramanathaswamy Temple and Dhanushkodi Hotel. After this one day trip to Kanchipuram where Shiva Kanchi, Vishnu Kanchi and Kamakhshi temples, will be the next destination.

The final destination will be Bhadrachalam in Telangana. The train will then cover a distance of about 5,000 km on the Ramayana tour and return to Delhi on the 18th, IRCTC said.

Tour facilities

The fully air-conditioned tourist train will have eleven third AC coaches, a pantry car and two SLRs. Guests will be served freshly cooked vegetarian food. Guests will also be entertained by the train’s infotainment system. The train also has CCTV cameras for safety and clean toilets.

IRCTC has entered into agreements with Paytm and Razorpay Payment Gateways to provide 3, 6, 9, 12, 18 or 24 month EMI options. Tour payments can also be made via debit and credit cards.

Government and PSU staff will be able to avail LTC benefits for this tour.

IRCTC will also provide COVID-19 protection kits, including face masks, hand gloves and hand sanitizers. Temperature tests for tourists and staff will also be ensured. The COVID-19 vaccine is mandatory for all guests over the age of 18.

Read more: RailTel has launched PM-WANI across 100 railway stations

Read more: Power Crisis in India: Railways cancels more trains to facilitate coal rack movement

Does a Cryptocurrency Crash Threaten the Financial System?

On Tuesday, Bitcoin fell below $ 30,000 for the first time in 10 months, while the cryptocurrency overall lost nearly $ 800 billion in market value last month, according to data site CoinMarketCap, as investors worry about tightening monetary policy. Crypto is a much larger market than the Fed’s last tight cycle, which began in 2016, which raises concerns about its interconnectedness with the rest of the financial system.

How big is the cryptocurrency market?

In November, the most popular cryptocurrency, Bitcoin, hit an all-time high of $ 68,000, pushing the crypto market value to $ 3 trillion, according to CoinGecko. On Tuesday, that number was 1.51 trillion. Bitcoin is worth about $ 600 billion, followed by Ethereum, which has a market cap of $ 285 billion. Although cryptocurrencies have enjoyed explosive growth, the market is still relatively small.

For example, the U.S. equity market is valued at $ 49 trillion, while the Securities Industry and Financial Markets Association has set an outstanding U.S. fixed income market value of $ 52.9 trillion by the end of 2021. Who owns and trades cryptocurrencies? Cryptocurrency began as a retail phenomenon, but institutional interest in exchanges, companies, banks, hedge funds, and mutual funds is growing rapidly.

Although it is difficult to find data on the ratio of retail to institutional investors in the crypto market, Coinbase, the world’s largest cryptocurrency exchange, said that institutional and retail investors each accounted for about 50% of the assets on its platform in the fourth quarter. Its institutional clients made $ 1.14 trillion in crypto transactions in 2021, up from just $ 120 billion in 2020, Coinbase said.

Most of the conventional bitcoin and etherium are in the hands of a select few. An October report by the National Bureau of Economic Research (NBER) found that 10,000 Bitcoin investors, both individuals and entities, controlled about one-third of the Bitcoin market, and 1,000 investors owned about 3 million Bitcoin tokens. By 2021, about 14% of Americans have invested in digital assets, according to research from the University of Chicago. Can a crypto crash hurt the financial system?

Although the overall crypto market is relatively small, the US Federal Reserve, the Treasury Department and the International Financial Stability Board have flagged stablecoins – digital tokens associated with the value of traditional assets – as a potential threat to financial stability. Stablecoins are mostly used to facilitate business in other digital assets. They are supported by assets that may lose value or become ineffective in times of market pressure, while the rules and disclosures surrounding those assets and the rights of investors to release are unclear.

This could make stable coins susceptible to losing investor confidence, especially in times of market pressure, regulators said. This happened on Monday, when TerraUSD, a major stable coin, broke its 1: 1 peg to the dollar and fell as low as $ 0.67, according to CoinGecko. The move partly contributed to the collapse of Bitcoin.

While TerraUSD maintains its tie with the dollar through an algorithm, investors run stablecoins that maintain reserves in assets such as cash or commercial paper that can spread across the traditional financial system, putting pressure on that underlying asset class, according to regulators.

According to regulators, more companies ’fortunes are involved with the performance of crypto assets, and as traditional financial institutions push more into the asset class, other risks are emerging. In March, for example, the regulator in charge of the currency warned that banks could be tripped up by crypto derivatives and unhearded crypto exposure, if they deal with little historical value data.

Yet, regulators as a whole are divided on the form of the threat of crypto crashes for the financial system and the wider economy.

Xi Jinping is reported to be suffering from cerebral aneurysm

Chinese President Xi Jinping is suffering from “cerebral aneurysm” and was due to be hospitalized by the end of 2021, media reports said.

It is known that he preferred to be treated with traditional Chinese medicine rather than going for surgery, which softens the blood vessels and constricts the aneurysm.

Of late, there has been speculation about Shir’s health as he has avoided meeting with foreign leaders since the outbreak of Kovid-19 until the Beijing Winter Olympics.

Earlier in March 2019, during a visit to Italy, Shir was found to be abnormal, with a marked violation of his movements, and later on the same tour in France, he was seen seeking support while trying to sit down.

Similarly, while delivering a public speech in Shenzhen in October 2020, delays in his appearance, slow speech, and coughing spells again sparked speculation about his ill health.

The reports come amid rising oil and gas prices and the disruption of the supply chain due to the Ukraine conflict, and the tightening of the zero-quad policy, which has put the Chinese economy under a lot of pressure.

Looking at the historic third term of the Chinese president, in a strategic move, the country has decided to temporarily focus on “general prosperity”, imposing fines on technologists and instead rushing to stabilize the economy, which is far below. Stress

In the run-up to the upcoming 20th Party Congress, the Chinese Communist Party (CCP) is strategically moving away from its “general prosperity” policy because the country does not want to become a less attractive market for investors due to the economic downturn. Per report

As Xi prepares to be re-elected for a third five-year term later this year, he has sought to portray China as more prosperous, influential and stable under his rule.

Officials in the country, who until a few months ago violently advertised a new era of “common prosperity” by imposing fines on technocrats and wealthy celebrities, are now focused on keeping the economy stable and growing.

Shanghai reaffirms China’s ‘zero-covid’ approach; The WHO says it is not sustainable

Shanghai on Wednesday reaffirmed China’s strict “zero-covid” approach to epidemic control, with the head of the World Health Organization saying it was unsustainable and a day after he called on China to change its strategy.

China’s largest city, Kovid-19, has made progress in controlling the outbreak, and any relaxation in prevention and control measures could allow it to recover, Wu Huanyu, deputy director of the Shanghai Disease Control Center, told reporters.

“At the same time, now is the most difficult and critical moment for our city to achieve zero-covid,” Wu said in a daily briefing.

“We need to relax our warning, the epidemic could come back, so the prevention and control work needs to be carried out endlessly,” he said.

WHO did not comment on the remarks made by Tedros Adhanam Ghebreissas, the director general of the WHO, who said he was discussing with Chinese experts the need to adapt to a new approach to the virus.

“When we talk about ‘Zero-Covid’, we don’t think it’s sustainable considering the behavior of the virus and what we expect in the future,” Tedros said at a news briefing on Tuesday.

“And especially when we now have a good knowledge, understanding of viruses and when we have good tools to use, it will be very important to convert to another strategy,” he said.

Tedros was joined by Mike Ryan, the WHO’s emergency chief, who said all epidemic control measures “should show due respect for individuals and human rights.”

Countries need to strike a balance between “regulation, impact on society, impact on the economy. It’s not always an easy calibration,” Ryan said.

China’s ruling Communist Party has tightly controlled all discussions about its controversial approach, which aims to completely stamp out the outbreak, and says it will not tolerate any criticism. The entire state-controlled media did not report on Tedros and Ryan’s comments, and their references to the Chinese Internet appear to have been removed by censorship.

The ruthless and often chaotic implementation of Zero-COVID has caused considerable discontent in Shanghai, where some residents have been under lockdown for more than a month. As of Wednesday, more than 2 million people in the city were confined to their residential compounds, with restrictions relaxed somewhat for most of the other 23 million.

However, the relaxation seems to be stuck now, with even new cases falling on the city, which is home to China’s busiest port, major stock market and home to thousands of Chinese and foreign companies.

Teams in white protective suits have begun entering infected people’s homes to spray disinfectants, raising concerns about property damage. Residents have been instructed in some cases to leave their keys with community volunteers when they are taken into isolation so that disinfection workers can enter, a new requirement that has no apparent legal basis.

People in some areas have been instructed to stay home again in recent weeks after leaving for limited shopping. On Tuesday, service was suspended on the last two subway lines that were still open.

The allegations centered on the lack of food and other daily necessities and the forced evacuation of thousands of people to the quarantine center after a positive test in China’s standard zero-covid system or after being in contact with an infected person.

In addition to human costs, adherence to “zero-covid” as many other countries relax such restrictions and try to survive the virus is causing increasing economic losses.

However, the party, led by leader Xi Jinping, showed no signs of slowing down in its efforts to ensure stability, and a major party this fall increased its authority ahead of Congress.

According to the government’s National Health Commission, Chinese experts like Wu have been careful to keep a finger on the pulse of the party line, saying the strategy has been effective in limiting the official death toll to a mere 5,000 during the entire epidemic, according to the government’s National Health Commission. Sparking a big new wave.

Ryan put the death toll in China at just over 15,000 and gave a figure of 14,538 from the Johns Hopkins University of Medicine Coronavirus Resource Center.

The daily number of new cases published in Shanghai on Wednesday dropped from a high of 26,000 in mid-April to less than 1,500. Seven more COVID-19-related deaths have been reported, bringing the number of outbreaks to 560.

Although China says more than 88% of its population has been fully vaccinated, the rate is significantly lower among vulnerable adults. There are also questions about the effectiveness of vaccines produced in China compared to Europe and the United States.

In the capital, Beijing, residents have been instructed to go through mass tests to prevent a major outbreak like Shanghai. The city reported 37 new cases on Wednesday, locking up individual buildings and residential compounds, closing about 60 subway stations and banning dining in restaurants, allowing only takeouts and deliveries.

Online Financial Fraud Investigation: CERT-In guidelines are important for user protection

The government has urged the Indian Computer Emergency Response Team (CERT-In) to direct virtual private network (VPN) service providers, cloud service providers and virtual private service providers to store user data for five years. It has been taken up after industry-wide discussions. In addition, guidance is needed to stop financial fraud that is currently happening in the digital world.

According to sources, it is difficult to track criminals involved in online financial fraud because most of them use VPN. When VPN providers begin storing users’ data, it can be used by law enforcement agencies to track a fraudster. “Information will be sought from VPN providers only when law enforcement needs details. Otherwise, they only need to save the data at their end. We don’t want all user data, “said Meity, a source in the Ministry of Electronics and IT.

In addition to protecting user data, CERT-In requires all government and non-government agencies, intermediaries, and data centers to report cyber security breaches within six hours of being notified. “All service providers, intermediaries, data centers, body corporates and government agencies will compulsorily activate logs of all their ICT systems and maintain them safely for 180 days rolling period and maintain it within Indian jurisdiction. These should be provided to CERT-In as soon as any incident is reported or instructed, “CERT-In said in its April 28 directive. These guidelines will take effect after 60 days.

The CERT-In acts as the national agency for performing various functions in the field of cyber security in the country in accordance with the provisions of Section 70B of the Information Technology Act, 2000. CERT-In calls for information from service providers, intermediaries, data centers and body corporates to coordinate response activities, as well as emergency measures related to cyber security incidents.

When handling cyber incidents, CERT-In has identified specific gaps that hinder incident analysis. To address the identified gaps, CERT-In has issued these guidelines under the provisions of sub-section (6) of section 70B of the Information Technology Act, 2000.