Housing Start-up Index Soon

An  index, tracking the number of houses being constructed every year across the country, is being launched, Union housing and urban poverty alleviation minister, Girija Vyas, claimed. The housing start-up index (HSUI), which will be another indicator of the economy’s health, is being developed in collaboration with the Reserve Bank of India (RBI) and reflects how many building permits are converted into actual start-ups. “Work has started in 25 pilot cities and information on 600,000 buildings has been collected—they are at various stages of construction,” Mr Vyas said.

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COMMENTS

ramchandran

3 years ago

The government should start an index for tracking the number of Infrastrcture projects initiated & completed during its tenure. This will probably give its performance

Land Acquisition Invalid if Compensation Not Paid

The Supreme Court has held that if compensation for land acquired under the 1894 Land Acquisition Act has not been paid to the landowner, or deposited with a competent court and retained in the treasury, the acquisition would be deemed to have lapsed and would be covered under The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (the 2013 Act) entitling the landowners to higher compensation. However, the rider is that such an award of compensation should be five years or more prior to the enactment of the 2013 Act which was notified on 1 January 2014.

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Moneylife Foundation Event On Fixed Income: Options beyond Bank FD

Inflation indexed bonds and tax-free bonds score over bank FD for those in lower and higher...

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