-The Hindu Business Line The Government must clear policy bottlenecks for the Pradhan Mantri Awas Yojana to meet its ambitious target Amidst the government’s celebrations on completing three years in office, one flagship scheme remains a massive — and challenging — opportunity: Housing for all by 2022. The groundbreaking, affordable housing initiative backing this promise, the Pradhan Mantri Awas Yojana (PMAY), plans to provide homes to 18 million households in urban India...
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Declining bank credit indicates poor economic performance
Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...
More »Why Mumbai, India's most productive city, is losing the battle against child malnutrition -Swagata Yadavar
-IndiaSpend/ Hindustan Times Mumbai’s high malnutrition figures are despite the fact that 83% of government and aided schools in Mumbai city and 95.1% in its suburbs have a midday meal programme. Mumbai’s Colaba is well known for its art deco buildings, the Gateway of India, swish pubs and restaurants, and the pleasant promenade of Marine Drive. It houses the state assembly, Vidhan Bhavan, and the state secretariat, Mantralaya. However, this high-profile ward recorded...
More »6,000 trees cut in Aravalis overnight -Shilpy Arora
-The Times of India Gurgaon: More than 6,000 trees have allegedly been axed in the ecologically sensitive Aravalis after the additional chief secretary (forest), in a written order, granted permission to clear the green cover spread across 52 acres of land. According to local villagers, six earthmovers felled the trees to clear the land near a private university in Faridabad within a few hours. "The work started on Saturday night and by...
More »Developers in quandary as states not ready with Rera rules -Prabhakar Sinha
-The Times of India NEW DELHI: Real estate developers across the country are in a quandary as the Centre has stopped them from marketing ongoing projects yet to be registered with their respective state's Real estate regulatory authority (Rera), and most state governments are neither ready with rules under the new Act, nor have they created the authorities. In a written clarification to the National Real estate Development Council (NAREDCO), the Union...
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