-Newsclick.in An opaque policy, inefficiency and a flawed target plague this scheme. Over the past twelve months, Finance Minister Nirmala Sitharaman has been one of the most-cornered ministers of the National Democratic Alliance (NDA) government, owing largely to her weak and often ambiguous comments on the state of the Indian economy. For her and her supporters, this year’s Union budget was meant to both rejuvenate and rekindle investor’s hopes and sentiments. The...
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The intriguing case of a massive slowdown in the auto sector -Gurbachan Singh
-TheWire.in Did the auto sector's woes go hand-in-hand with the boom in affordable housing segment under PMAY? Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country’s leading car manufacturer, has reported a 32.7% decline in its total vehicle sales. There is a similar situation across the sector, including the two-wheeler industry. The sector has already lost over 300,000 jobs. What explains the massive slowdown in...
More »Pradhan Mantri Awas Yojana-Urban: Banks delaying subsidies, admits government
-The Hindu Complaints being addressed: Minister. New Delhi: The government has received complaints of banks either not sanctioning or delaying disbursement to applicants of the Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana-Urban, Union Housing and Urban Affairs Minister of State (independent charge) Hardeep Singh Puri admitted in the Rajya Sabha on Wednesday. Under the scheme, applicants of economically weaker section (EWS), low income group (LIG) and middle income group...
More »Cyclone Fani damage assessment set to begin in Odisha from May 14
-The Hindu CM Naveen Patnaik writes to PM seeking 5 lakh PMAY houses BHUBANESWAR: With a month left for the Southwest monsoon to hit Odisha, the State government on Monday said it would begin a door-to-door house damage survey from May 14 and issue work orders for the construction of houses on June 1 in cyclone-affected areas. 11-member team An 11-member Central team, split into two groups led by Vivek Bharadwaj, Additional Secretary in...
More »Has NDA-II addressed India's housing challenge? -Sneha Alexander & Vishnu Padmanabhan
-Livemint.com National Democratic Alliance has revamped the long-running Indira Awaas Yojana housing scheme but India remains a long way from Housing for All The quality of housing is the most visible aspect of poverty. In India’s cities and villages, the poorest almost always live in makeshift or dilapidated homes, which can be bad for their health and hurt their productivity. Governments have long tried to address this through different housing policies, the...
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