According to the housing department, not a single affordable house has been built so far in the state.”The houses, being planned under the Pradhan Mantri Aawas Yojana, are for first-time buyers with a monthly household income of not more than Rs 25,000, and those who are willing to buy units of not more than 30 sq metres or 322 sq custom steel castings manufacturers feet. “No affordable houses are built so far. A senior official from the housing department said that affordable houses are still in the planning stage.5 lakh each for homebuyers of the economically weaker section.

Speaking about the announcement, a Mhada official said, “We have planned six lakh houses in the next 36 months. A few proposals are pending for approval under the Pradhan Mantri Aawas Yojana for affordable houses,” the official said, on condition of anonymity. Mhada, the housing department and other agencies have so far only planned to build houses in the Mumbai Metropolitan Region (MMR) region and across the state. A few days ago, the CM had also held a meeting with the housing department authorities and expressed his unhappiness over the slow progress of the project.

Sources in the housing department said that the CM also asked the officials to show actual homes, as the pressure for housing on the government had increased.State agencies have failed to build a single affordable house despite announcing that the government would build over one lakh affordable houses this year to complete its target of 19 lakh houses by 2022. Around 70 per cent of the demand for these houses is in the MMR. So far, we have been in the process to get land that is with the revenue department. However, in the past one-and-a-half years, state agencies have not even started any work.

This was one of the main announcements of the BJP-led government. The Centre and the state jointly share a subsidy of Rs 2.The announcement to build 19 lakh affordable houses was made by chief minister Devendra Fadnavis after assuming office in 2014. They are in the planning stage. The official added that the housing department is planning 50,000 houses across the state that will be built this year.

82 hectares) in five decades, due to generations of families sharing the same land. Where is the solution? Behavioural economics suggest if the trust of the individual is low on how his money is being used in economic prosperity, then he or she is likely to avoid taxes. The input costs are 30%, of which fertilisers (24%) and labour (22. Now from where will the solution come? The question is how do we reduce the rural indebtedness? The malnutritional levels are highest in the world with 44% of children under the age of five are underweight and 72% of infants and 52% of married women have anaemia. What are the solutions to these issues in the budget?Let us examine one solution. There is no dearth of innovators but they are not enabled to create products and services.

The agriculture share in the rural output for the decades from 1982 has shrunk by 25.5% (from 83.The finance minister Arun Jaitley said the agriculture sector will be prime focus of his Budge for 2018 and the Prime Minister promised to double farm incomes in five years. The customs duty write offs for jewellery and diamonds cumulatively amount to Rs 5 lakh crores from 2006. It indicates that there will be more work and no tax to the government. Keeping these promises as goalposts and the World Economic Forums latest Global Risks Report 2018 — showing environmental disasters, cybercrime, large-scale involuntary migration and illicit trade as among the most notable risks, in terms of likelihood, facing the world this year — there are issues raised here for the FM to address.Agricultural SectorThis sectors growth rate has been below GDP growth rate for the past three decades. There are a large number (90%) of failures attributed to lack of innovation by Indian entrepreneurs whose business models are not sustainable.

The loans under this segment amount to Rs 1,08,732 crore.1%), but not to the corresponding levels.2%), while employment in agriculture sector did show a decrease of 19. Now these figures clearly indicate that there is trust deficit of the citizens on how his money is spent?Corporate subsidiesAs many as 52,911 profit making companies pay zero tax.4% to 39.2% (from 64. The report explained in detail in a section dealing with home loans that there is an increase of 23. How are these asynchronies likely to be addressed by policy interventions?Housing bubble?The RBI released a report on ‘Affordable Housing in India’. The average size of the land farmed has decreased to 41. There is a claim on the part of GOI that there is an increase in the number of people who are in the tax net.Will the FMs Budget be creative enough to take the risks, trust deficits and growth to everyone or will it just be more slogan-based economics?Prof K.

Therefore, the solution may come from investment in education in rural areas which will provide an incentive to get away from agricultural jobs. In the 2016 Budget, it was promised that corporate subsidies would be removed over a period and yet there is no sign of it. To a large extent, this indebtedness has led to Rs 3 lakh farmers killing themselves across India.Prabhakar is a social economist. We may discern from this that there is a large number of workers in smaller units, whose overall contribution to the GDP is coming down. This also impacts their cognitive abilities, thus reducing per worker productivity, which is lowest in the world.14% (1.16 hectares and two out of three of them are having less than 1 hectare.16 / 2.We may discern that approximately 50% only pay taxes. Let us China custom special bolts manufacturers consider the proportions.

However, Indians are innovative as 750 global MNCs have their research centers in India and most of the global innovations, such as zero light landing and prevention of midair collision software, come from Indian R&D centres. That is taking away the rural worker to more productive employment, which should reduce the burden on that sector.Make in IndiaLet us examine the startup scenario.16% of Indias population pays 76% of Income-Tax paid by individuals.TaxationOnly 0. The land holding average is 1. If the default rate increases with more housing loans, non-performing assets are likely to impact the health of Public Sector Banks that are already under greatest strain due to wilful defaulters.5% for households with income less than Rs 3 lakhs.

The agricultural sector being exposed to the natural vagaries and price rises, the unviability of small land holding has translated to rural indebtedness, the average loan amount for marginal farmers being Rs 47,000 and the money is borrowed from private moneylenders.The average farm household income is approximately Rs 77,112/- per annum with approximately 50% is for self-consumption of rice and wheat while most of the output is sold to the trader than to the government agency which provides minimum support price. One statistic that is generally missed in the equation is the education levels in rural areas.5% in the loans in the less than Rs 10 lakhs segment under the Pradhan Mantri Awas Yojana, where there is interest subsidy of 6.5%).The low levels of education in the rural areas make people less suitable for skilled jobs and employability.6% to 64.