“Considering the importance of the housing sector and given its forward and backward linkages to the economy, it has been decided, as a countercyclical measure, to reduce the risk weight on certain categories of housing loans sanctioned on and after today,” the RBI said in a statement.Welcoming the decision, ICICI Bank MD Chanda Kochhar said the SLR cut and reduction in risk weights for housing loans are positive moves that will support bank liquidity and encourage growth in housing loans.

This will further reduce the expenses of banks in giving a home loan and may lead to lower home loan rates..Mumbai: In a move that could reduce new home loan rates and boost the housing sector, the RBI on Wednesday reduced the risk weightage or the amount that a bank is required to set aside for giving a loan to cover unforeseen risks.“The current measure of lower risk weightage and lower provisioning requirement should bring in higher growth for the sector in the quarters to come,” said Mr Siddharth Purohit, senior equity research analyst, banking, Angel Broking.The central bank has also decided steel castings china to reduce the standard asset provisioning rate on such loans.

Samsung has lately launched two new air purifiers — AX7000 and AX3000, priced at Rs 41,990 and Rs 15,490 respectively. Both the products are available for purchase from online and offline stores.5  and  PM10 levels.5 particles. The model is also capable of faster air purification with higher Clean Air Delivery Rate (CADR).The Samsung AX7000 gets a three-way air flow system and thanks to a Digital Inverter Motor, is quite durable and will ensure years of trouble-free service.5 Filter, Activated Carbon+ Deodorization Filter and Virus Doctor.Samsung AX7000 comes equipped with a digital indicator and colour lights that indicate the pollution drop on a real-time basis and people can see an exact numeric measurement of the PM2.5 mechanical filters, which the company claims to trap 99 per cent of PM2. The CADR is rated at purifying the air at a rate of 773m3/h and covers a wider area of 93m2

.There also a four-step air filtration mechanism Pre Filter, PM2.The AX7000 boasts PM2.(Source). Samsung range of air purifiers, with cutting-edge technology and design excellence, will protect consumers from indoor pollution and help them adopt a healthier lifestyle,” the company said. Samsung air purifiers are designed to combat indoor custom steel castings Manufacturers pollution in the most effective way with the least power consumption,” the company further added.“The indoor allergens and irritants pose greater danger today because we are spending more time indoors due to rise in pollution level outside. As modern homes are airtight, these irritants can’t easily escape and demand an advanced purification process.“At Samsung, we listen to consumers and deliver meaningful innovations to make their lives better.

We have already sold about 900 flats," Migsun MD Yash Miglani said. The investment would be funded through internal accruals and advances from customers.The project would be completed in the next 2-3 years.When asked about the investment, he said it would be around Rs 500 crore including land cost.5 lakh, while the remaining flats will be sold at about Rs 10-12 lakh..The units allotted to EWS will be priced at around Rs 4.The company will develop 1250 flats in this 5-acre project.New Delhi: Realty firm Migsun plans to invest about Rs 500 crore to develop an affordable housing project in Greater Noida.In April this year, Migsun had announced a low cost housing project at Ghaziabad with an investment of about Rs 1,000 crore.

Affordable housing has gained momentum on the back of infrastructure status and China custom Pneumatic valve parts Factory interest subsidy offered by the government.The GST rate has also been lowered at 8 per cent for affordable housing projects, leading to higher demand and supply in this segment.At present, it is developing four housing projects, comprising about 4,000 flats, at Noida, Greater Noida and Ghaziabad in Uttar Pradesh, with an investment of about Rs 1,800 crore. Migsun, earlier known as Mahaluxmi group, has developed about 10 residential and commercial projects in Ghaziabad."We have launched a project Migsun Vilaasa in Greater Noida recently at a very competitive price. We will build about 3,000 units, of which 800 units will be for economically weaker section (EWS) to be allotted by the government under this scheme," Miglani had said earlier. The apartments are priced in a range of Rs 16-26 lakh."We are coming up with an 11-acre project Migsun Atharva at Rajnagar Extension.

Due to this, the redevelopment work of the colonies is stuck,” the letter reads. Shiv Sena MLA Mangesh Kudalkar has shot a letter to Mr Wholesale Custom Aluminum CNC machining parts Suppliers Fadnavis and housing minister Prakash Mehta expressing displeasure over no issuance of a government resolution (GR). “The housing policy for the redevelopment of Maharashtra Housing and Development Authority (Mhada) colonies was announced on September 2.”

The announcement of the housing policy has to be followed up with the announcement of guidelines by means of GR, after which the state administration is to follow up.S.“My letter to both Mr Mehta and Mr Fadnavis was just a reminder to speed up the process of the GR issuance. Meanwhile, S. However, I have verbally reminded the Shiv Sena leaders about issuing the GR. However, a month has passed and the state housing department is yet to issue a GR.”. Subsequently, Mhada administration would implement it.On why he did not write to Mr Thackeray and minister of state (housing) Ravindra Waikar, who announced the housing policy, Mr Kudalkar said, “The letter is just a reminder and one should not read more than that into it. Zende, chief executive officer, Mhada, said, “I am told that the housing department would issue the GR on the housing policy by October-end.The new housing policy announced by the state government last month that witnessed the presence of chief minister Devendra Fadnavis and Shiv Sena chief Uddhav Thackeray, is now being questioned by the latter’s party.

The research found that those with the Custom Metal Parts suppliers lowest wellbeing grew up in a privately owned house, but rented for the rest of their lives, which indicates downward social mobility, or at least the inability to sustain the same housing standards as in early life.While having an important and obvious effect on peoples quality of life in the here and now, the study has demonstrated that it plays an equally important role in the long-term by producing wellbeing in later life.This indicates that duration of tenure really matters, and strengthens the idea that living in rented housing for longer exposes people to more risks in terms of health and wellbeing, as housing quality is lower.However, due to the enormous increase in prices for younger generations, this has now become impossible for many.."

For older generations renting for longer is linked with lower wellbeing in later life, underlining the need to increase the availability of safe, affordable and high quality housing for the many," he said.On the opposite side, those with the highest wellbeing were born abroad and bought their own homes early in adult life.Moving into rented accommodation as an adult or renting for life are becoming much more dominant for the current generation, and this stresses the urgency of the need to build genuinely affordable housing in the UK."Tenure is important not only in the here and now, but has long term effects on wellbeing," said Bram Vanhoutte, from University of Manchester.Researchers from the University of Manchester in the UK looked at the housing careers of 7,500 people in England over the age of 50.Buying a house used to be a key development in peoples lives, providing a way to accumulate wealth as well as psychosocial benefits in terms of long-term security.London: People living in rented homes for a long time have more symptoms of depression and lower levels of wellbeing than those who own a house, a study has found.They found that living in rented accommodation for longer - or owning accommodation for shorter lengths of time - is linked with more symptoms of depression and lower subjective quality of later life.

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.