-The Hindu   One lakh LIG/EWS housing units to be ready in three years Delhi Development Authority vice-chairman G. S. Patnaik on Tuesday reaffirmed the Authority's intention to deliver one lakh housing units for low-income and economically weaker sections of society within three years. He said construction of 20,040 EWS houses using prefab-technology was progressing and he expected to deliver 8,000 of these units in 2012. Mr. Patnaik said that 12,000 demand letters were...

It will provide credit risk guarantee to banks on the loans Prime Minister Manmohan Singh on Tuesday announced that the Centre was considering setting up a credit risk guarantee fund with a corpus of Rs. 1,000 crore, to start with, to encourage banks to lend to the poor for housing. Emphasising that developing housing for the poor was critical for sustainable urban development, he said: “To encourage banks to lend in significant...

-IANS The government is considering creating a corpus fund of Rs.1,000 crore ($18.7 million) in the current fiscal that would encourage banks to give housing loans in 'significant volumes' to the urban poor, Prime Minister Manmohan Singh said Tuesday. Addressing a conference on the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) here, Manmohan Singh said the corpus of Rs.1,000 would be set aside to create a credit risk guarantee fund that could...

-The Telegraph   The Sonia-Gandhi headed National Advisory Council will prod the government to bring a law to protect unorganised retail sector workers as it brings foreign direct investment into multi-brand retail. Sonia, the council chairperson and the Congress chief, showed the green flag to the government on FDI in retail. The NAC in 2005 had drafted the unorganised sector workers’ social security bill that proposed a national authority to oversee the implementation of...

A survey to identify the country’s poor looks set to miss its December 2011 deadline since it has not even started in 20-odd states, including Bengal. The “socio-economic caste census” is being conducted by the rural development ministry, Urban Housing and poverty alleviation ministry, and the registrar-general of India. One reason that a rural development ministry official cited for the delay is Bharat Electronics Limited’s failure to supply enough low-cost tablet computers...