-Hindustan Times The Union cabinet on Wednesday approved “Housing for All”, the NDA government’s flagship programme of building two crore houses by 2022. The scheme is piloted by the housing and urban poverty alleviation ministry. Aiming to promote Affordable Housing, the cabinet approved a substantial increase in interest subsidy on housing loans — from 4% to 6.50% — for those from the economically weaker sections (EWS) and low-income groups (LIG). This would...
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Figures don’t lie: Housing loans for poor declining -Dipak K Dash
-The Times of India NEW DELHI: Terms like inclusive growth and roof-for-all may have gained political currency in the recent years, but trends show how public sector banks and Housing Finance Corporation (HFC) are reluctant to provide housing loans to the poor and lower middle class. The data that was presented before MPs at the consultative committee of urban development and housing alleviation on Wednesday highlighted how the outstanding housing loans up...
More »Cabinet recommends re-promulgation of land ordinance
-ANI/ The Times of India NEW DELHI: The Union Cabinet on Saturday recommended re-promulgation of the controversial Land Acquisition Ordinance. The land ordinance will be issued for the third time. The Ordinance was promulgated for the first time in December last year to amend the 2013 Act. Despite being passed in Lok Sabha, the government did not take it to Rajya Sabha as it lacked numbers there. The Ordinance was re-promulgated in March...
More »NREGA to gel with rural housing in state -Shalini Nair
-The Indian Express Mumbai: In case the size of the house exceeds the set limit, the extra cost will be borne by the beneficiary. Taking the idea of the Centre’s rural employment scheme for creating sustainable rural assets a step further, the Maharashtra government is set to dovetail its rural housing scheme with the National Rural Employment Generation Act (NREGA). The final draft housing policy has also brought rural housing under the...
More »Can’t blame UPA Land Acquisition Bill for stalled projects: RTI
-The Economic Times NEW DELHI: The land acquisition law passed by the previous government may not be the villain of the piece when it comes to stalled projects, according to data generated by a Right to Information (RTI) query. The Modi government's determination to amend the land acquisition law in the teeth of resistance from farmers and political parties has stemmed from the legislation's apparent role in just this — bringing projects...
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