-The Times of India NEW DELHI: Developers may have to pay 11.2 per cent interest to buyers for delay in handing over apartments and homes, according to draft rules unveiled by the government, a step seen as bringing relief to homebuyers reeling under the impact of delayed projects and mounting loan liabilities. The rules also say projects without a completion certificate will have to register with the Real Estate Regulatory Authority, to...
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NREGS scores a point in 1st report card with highest spend of Rs 56,000 crore in FY16 -Ruchika Chitravanshi
-The Economic Times NEW DELHI: For the first time ever, the Narendra Modi government is bringing out a performance review of the National Rural Employment Guarantee Scheme (NREGS), highlighting the highest ever expenditure of Rs 56,000 crore undertaken in 2015-16 which includes Rs 12,000 crore paid in pending wages this year. The scheme generated 235 crore person days of wage employment, highest in last 5 years. However, it continued to lag in...
More »Study sounds pollution death alert
-The Telegraph New Delhi: India's annual toll of premature deaths from air pollution is likely to rise to 1.7 million over the next two decades despite planned initiatives to lower power sector and transport emissions, says a study that highlights the need for more action. Released today by the Paris-based International Energy Agency (IEA), the study cautions that rising incomes, urbanisation and industrialisation are raising energy consumption in India and worsening air...
More »India hopeful of long-term pulses supply from Mozambique
-PTI New Delhi: Under pressure to control pulses prices, the Centre is hopeful of clinching a long-term deal with Mozambique for assured supply of lentils after the two countries had positive talks last week. Indian delegations last week visited pulses growing nations, Mozambique and Myanmar, to explore government-to- government arrangement for assured supply of lentils, especially tur, on a long term basis. "The delegation is back with long term solution in sight. The...
More »Govt strikes out 1.6 cr bogus ration cards, to save Rs. 10,000 cr
-PTI New Delhi: The Government has eliminated 1.6 crore duplicate and bogus ration cards that will help save about Rs 10,000 crore in subsidy bill annually, said Finance Secretary Ashok Lavasa. In addition, the Government has saved Rs 14,872 crore by offering subsidy on cooking gas (LPG) directly to consumers and direct benefit transfer is planned to be extended to 150 schemes by the end of this year, he told PTI here. DBT...
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