Population growth seems to have dropped off the public agenda these days. One reason for this is a twist in the old Malthusian argument that sees the rising proportion of persons of working age as a positive for growth. This shift in the age-distribution, it is argued, will stimulate savings as pressure on household and public budgets for the needs of dependent children comes down. Young workers are assumed to...
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NABARD loan for building classrooms
PUDUCHERRY: The National Bank for Agriculture and Rural Development has agreed to extend loan to the territorial administration for constructing additional classrooms and laboratories in government schools. In the near future, 559 classrooms would be constructed in the Union Territory, Chief Minister V. Vaithilingam told the Assembly on Thursday. Replying to the debate on the demands for grants to School Education, the Chief Minister said the bank had consented to extend a...
More »Over 200 million escape slums but overall number still rising, UN report finds
While more than 200 million slum dwellers worldwide have escaped their conditions in the past decade, the overall population of slums has swelled by nearly 60 million in the same period, a new United Nations report finds. Some 227 million people have moved out of slum conditions, largely due to slum upgrading, since 2000, more than double the target of improving the lives of at least 100 million slum dwellers...
More »Income ceiling for low-cost housing loans increased by Aarti Dhar
The government has increased the income ceiling a month a household for housing loans from the existing Rs. 3,300 to Rs. 5,000 for the economically weaker sections (EWS) category and from Rs. 3,301 — Rs. 7,000 to Rs. 5,001 — Rs. 10,000 for the Lower Income Groups (LIG). The revised ceilings will be applicable for definition of beneficiaries under government schemes for housing including the Interest Subsidy for Housing the Urban...
More »Property rights for future migrants by Sanjeev Sanyal
In his recent Budget speech, the finance minister reiterated the government’s plans to make India “slum-free” within five years. This mantra is now being chanted in many urban-related conferences. However, this raises a number of questions. What does a “slum-free” India really mean? Is the removal of slums really desirable? Most importantly, what needs to be done to improve the lives of the millions of urban poor? In this article,...
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