-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 »Strong on the social sector side -Yashwant Sinha
-The Hindu Budget making is a complex exercise, especially in a country like India. Therefore, the parameters to judge the annual budget are also many. For me, the arithmetic of the budget is the first. According to the statements made by the Prime Minister and the Finance Minister, one expected the fiscal deficit targets to be adhered to. However the Finance Minister has extended it from two to three years....
More »8 Centrally Sponsored Schemes Delinked from Support of the Centre
-Press Information Bureau/ Ministry of Finance The plan outlay of 2015-16 reflects the compositional shift in the allocations for various Programmes and Schemes in view of high devolution; 42% of Union Taxes, to States as per the recommendation of 14th Finance Commission. Making his Budget Speech while presenting the General Budget 2015-16, the Finance Minister, Shri Arun Jaitley said that consequent to this substantially higher devolution, many schemes on the State...
More »Green revolution in Chhattisgarh's red zone
-Business Standard A slew of measures taken by the Chhattisgarh government had reportedly helped in enhancing the kharif acreage in the pockets affected by the Naxal violence A slew of measures taken by the Chhattisgarh government had reportedly helped in enhancing the kharif acreage in the pockets affected by the Naxal violence. The authorities have compiled the figure for Narayanpur - country's one of the worst Naxal-infested districts reportedly housing the headquarters of...
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