The Central government has approved construction of another 52,319 houses for the urban poor, including 11,286 houses in poll-bound Uttar Pradesh, under the Pradhan Mantri Awas Yojana (PMAY-Urban).
Category: ECONOMY & POLICY
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Over 12 lakh houses sanctioned for urban poor
Under the Pradhan Mantri Awas Yojana (PMAY), launched in June last year, a total of 12,27,088 affordable houses for the Economically Weaker Sections (EWS) in urban areas have so far been approved with a total Central assistance commitment of Rs 19,682 crore of which Rs 6,172 crore has been already released.
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SBI to raise Rs 5,000 cr in FY17 for infra, affordable housing
The country's largest lender SBI will raise Rs 5,000 crore to fund infrastructure and affordable housing during the fiscal by issuing long-term infra bonds.
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Lack of sufficient domestic project financing options remains a concern
Steve Edwards - Chairman and CEO, Black & Veatch, shares his perspective on the Indian infrastructure market, his company´s offerings, and the shortcomings in the current EPC contract mechanism in the country.
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42 mega food parks to be operational in 2 years
Aiming to boost growth of the food processing sector, the government has said that all 42 sanctioned mega food parks would be operational within the next two years
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Maharashtra to promote agro projects in Marathwada
Maharashtra plans to unveil a comprehensive package to promote long-term agriculture-based industries to tackle the farm crisis and unemployment
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Mumbai to see spurt in office rental value growth | JLL
As per JLLÂ’s recent Global Real Estate Outlook, MumbaiÂ’s office space occupiers will have to face upward revisions in rents in the coming years. Compared to Q2 2015 when MumbaiÂ’s rental values had bottomed out, the city will now start to see acceleration in its rental value growth from Q2 2016.
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October land allotments in $100 bn DMIC project
The $100-billion Delhi Mumbai Industrial Corridor will kick off land allotments next month. Global investors like Ikea, Kia Motors and China Railway Construction Corp are eyeing acquisitions, reports Economic Times.
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Automobiles to drive Make in India
Girish Shankar, Secretary, Ministry of Heavy Industries and Public Enterprises has said that the Government of India aims to make automobiles manufacturing the main driver of the ´Make in India´ initiative, as it expects the passenger vehicles market to reach 9.4 million units by 2026, as highlighted in the Auto Mission Plan (AMP) 2016-26.
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States to get Central support for free power scheme
The Centre will extend financial support to states to enable them to offer new electricity connections free of cost to everyone.