Affordable housing Current Affairs, GK & News
Union Cabinet has approved “Model Tenancy Act” for circulation to all States and Union Territories for adaptation by enacting fresh legislation or amending existing rental laws as required. Highlights Approved act will help in rebuilding legal framework on rental housing in India which in turn boost overall growth. Act was passed with the aim of ..
Month: Current Affairs - June, 2021
Category: Government Schemes Current Affairs
The World in 2030: Public Survey Report was recently published by UNESCO. The report was published by the organisation based on the survey held between May 2020 and September 2020. The survey collected responses from more than 15,000 people from all over the world. Key Findings of the Report According to the report, Climate Change, ..
Category: Reports & Indexes Current Affairs
On June 29, 2020, India and World Bank signed agreements worth 250 million USD to promote private sector to develop affordable housing in Tamil Nadu. Highlights The affordable housing is to be constructed in the state of Tamil Nadu. The funds are to be provided through the International Bank for Reconstruction and Development of the ..
Month: Current Affairs - June, 2020
Category: India Nation & States Current Affairs
On November 7, 2019, Government of India announced the establishment of Rs 25,000 crore fund for home buyers whose money is stuck in stalled projects. According to the Ministry of Finance, there are over 1600 such projects comprising of 4.58 lakh housing units across the country. The “Special Window” will prioritize debt financing in the ..
Category: Economy & Banking Current Affairs
The Reserve Bank of India (RBI) has conducted the quarterly Residential Asset Price Monitoring Survey (RAPMS) on housing loans disbursed by select banks / Housing Finance Companies (HFCs) across 13 cities. The report indicated that housing affordability has worsened over the past 4 years as the House Price to Income (HPTI) ratio increased from 56.1 ..