A new report on India's housing sector confirms with facts and figures what has been suspected all along: that despite growing demand for affordable housing, supply side responses have been weak and sluggish. This means even though the housing sector can directly impact employment and income generation, and has multiple forward and backward linkages with various industries, it needs innovative ideas, pro-poor thinking and policy stimulus. (See link below for...
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‘Convenient accounting’ of subsidies to hit new Govt-Puja Mehra
-The Hindu Move to push this year's expenditure to next fiscal is intended to keep the fiscal deficit within target The Finance Minister of the next government post-elections will have to pay the price for the United Progressive Alliance's (UPA) subsidy and social spend. The Finance Ministry plans to book in next financial year, 2014-15, the expenditure that will be incurred on subsidies during the remaining months of the current fiscal (January-March). ...
More »Road transport ministry seeks no cut in road upkeep budget -Dipak Kumar Dash
-The Times of India NEW DELHI: In the election year and with more complaints of "poor condition" of highways pouring in, the road transport ministry wants finance ministry not to reduce the allocation for road maintenance. The ministry has asked finance minister P Chidambaram to avoid reduction of "non-planned" expenditure since the allocation of Rs 2,000 crore for upkeep of highways is inadequate. Sources said that highways minister wrote a letter to...
More »Dr. Manmohan Singh, Prime Minister of India meets the press at the National Media Centre, New Delhi
-Press Information Bureau Preliminary Transcript of the Q&A portion of the Prime Minister's Press Conference at the National Media Centre, New Delhi Q: After the Assembly elections, much churning is going on in the UPA. Do you think the Congress should now announce its PM candidate? PM: The Congress President has already answered that question. We will announce our candidate for the Prime Ministership at the appropriate time. Q: On corruption issues which have...
More »'Rs 2,000 Cr Given As LPG Subsidy Under DBT Till Dec'
-Outlook The government has transferred Rs 2,000 crore into 6.6 crore accounts as LPG subsidy till December 2013 under the Direct Benefit Transfer (DBT) scheme. "The Direct benefit transfers under LPG have crossed a sum of Rs 2,000 crore till December 2013. More than six crore consumers are now availing DBT for LPG in 184 districts across the country," said a UPA government report card released today by Prime Minister Manmohan Singh. The...
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