New Delhi, April 15 (IANS) Union Minister for Housing and Urban Affairs, Manohar Lal, on Wednesday launched the operational guidelines for the Urban Challenge Fund (UCF) along with the Credit Repayment Guarantee Sub-Scheme (CRGSS), saying the Rs 1 lakh crore fund is designed to mobilise nearly four times investment through market-based financing.Addressing the launch event, the minister said the UCF represents a paradigm shift in India’s approach to urban development, focusing on leveraging pu…
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New Delhi, Feb 1 (IANS) As part of the financial sector reforms announced in the Union Budget for 2026-27 on Sunday, the government proposes to restructure the Power Finance Corporation and the Rural Electrification Corporation to achieve scale and improve efficiency in the public sector NBFCs.The vision for NBFCs for Viksit Bharat has been outlined with clear targets for credit disbursement and technology adoption.Finance Minister Nirmala Sitharaman said in Parliament that a High-Level Committe…
Chennai, Jan 27 (IANS) Nearly half a decade after Avadi was elevated to a municipal corporation, the promise of comprehensive civic infrastructure remains unfulfilled for a large section of its residents. Despite rapid urban growth and rising population density, many neighbourhoods continue to function without piped drinking water and an underground sewerage network, forcing the civic body to seek fresh funding to bridge persistent gaps in basic amenities. Spread over 65 sq km, Avadi Corporation…
Ahmedabad, Dec 28 (IANS) Union Home and Cooperation Minister Amit Shah on Sunday inaugurated and laid the foundation stone for development projects worth Rs 330 crore undertaken by the Ahmedabad Municipal Corporation (AMC), marking a significant milestone in the city’s urban infrastructure journey. The event was held in the presence of Chief Minister Bhupendra Patel and included the unveiling of Lord Ganesh’s idol and the distribution of land ownership certificates (sanads) to rehabilitated resi…