With an increase in the demand and supply of housing projects in the country, the housing finance sector is set to see higher growth in the next few years. As on last June 30, 2013 the total housing credit outstanding in India was over Rs 7.99 lakh crore, against Rs 7.59 lakh crore on March 31, 2013.
Tag: India
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Major ports’ container volume falls in 1st half
Container volume at major ports in India tumbled 4.5 per cent year-over-year in the first half of fiscal year 2013-14, but total cargo throughput was up 2.3 per cent, according to preliminary figures released by the Indian Ports Association (IPA).
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NHB to get Rs 500 cr UK loan for low-cost homes
For financing construction of affordable houses in India, British government's Department for International Development will give India's National Housing Bank (NHB) Rs 500-crore loan. The project will begin with eight low-income states -- Rajasthan, Madhya Pradesh, Odisha, Uttar Pradesh, Bihar, West Bengal, Chhattisgarh and Jharkhand.
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PSU banks to get capital infusion to spur economy
The Union government is planning to stimulate the country's economy through capital infusion into government-owned banks. Prior to this act, the Union Finance Minister P Chidambaram will hold a meeting with RBI, bank chairmen and top officials of his ministry soon after his return from the US on October 17. Currently Chidambaram is on his tour in the US.
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Contract renegotiation may be a reality
The government is considering the introduction of a force majeure clause in public-private partnership projects to allow renegotiation of contracts to revive private participation in infrastructure development and salvage some big-ticket projects.
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Study on Mumbai-A’bad high-speed train in 18 months
To conduct a detailed feasibility study on a high-speed train between Mumbai and Ahmedabad, India and Japan will soon sign an agreement. The study is to take 18 months to complete.
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Delhi and Birmingham airports sign MOU to strengthen links between the two cities
Following the recent launch of direct flights between Delhi International Airport (India) and Birmingham Airport (UK), the two airports have signed a Memorandum of Understanding (MOU) to formalize a working relationship and commit to developing links between the two cities even further.
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Govt invites bids for solar plants
India has called bids for solar plants. To build 750 megawatts of solar plants, India is offering Rs 18.75 billion ($303 million) grants, say media reports. The bids are due by November 29, State-run Solar Energy Corp. of India said on its website.
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Russia plans to make commercial aircraft in India
In a move to slash cost of aircraft production India and Russia are planning production of two types of commercial aircraft in India. The move is expected to cut down the cost of aircraft production by 40 per cent, say media reports. Both the countries eye possible production of Russia's Superjet 100 regional airliner and a future Irkut MS-21 jetliner on the territory of India.
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Cluster concept suggested to Indian shipbuilding
For the benefit of shipbuilding and repair sector in India, formation of a cluster concept has been suggested. The suggestion has been made by the Parliamentary Standing Committee on Transport.