GOVERNMENT HOUSING
Haryana government’s policy on fourth floor to keep the realty price in check
The Haryana government's decision to allow construction of stilt plus four floors in residential sectors is set to boost housing demand in Gurgaon and curb soaring prices, experts say. The move, following a ban on fourth-floor construction last year, will provide opportunities for homebuyers and developers, leading to increased supply in high-demand areas like Gurgaon, benefiting both the real estate market and aspiring homeowners.
Who are the main players in the UK's upcoming national election?
Prime Minister Rishi Sunak's Conservatives are widely expected to lose to the main opposition party, the left-of-center Labour, after 14 years in power under five different prime ministers. The Conservatives and Labour traditionally dominate British politics under the U.K.'s "first past the post" electoral system, which makes it difficult for smaller parties to win representation in Parliament.
After installing solar plants atop houses, Goa consumers struggle to get govt subsidy
Consumers like Sameer Pawar in Goa face challenges accessing subsidies for rooftop solar plants due to online portal glitches. Despite the government's promotion of green energy, the reality on the ground highlights difficulties in obtaining the promised financial support.
Uproar in MCD House over Delhi water crisis
The Municipal Corporation of Delhi (MCD) House meeting on Thursday saw protests by BJP and Congress MLAs over a water crisis in Delhi. The proceedings, delayed by an hour, began at 11.55 am. Soon after, opposition councillors entered the well of the House, raising slogans against the AAP government led by Chief Minister Arvind Kejriwal. BJP councillors were seen carrying earthen pots and chanting "Jai Shree Ram" and "Bharat Mata Ki Jai."
Budget wish list: Realtors want government to rationalise taxes, allot more for SWAMIH
Real estate developers are seeking measures in the upcoming Union Budget, including SWAMIH fund allocation, GST input tax credit, and rental housing incentives to support growth and demand creation.
How state governments are chipping in with housing support at new semiconductor hubs
State governments in Assam, Gujarat, and Tamil Nadu are supporting upcoming electronics and semiconductor manufacturing hubs by providing infrastructure, including housing for workers. The Tata Group is building mega-housing projects, hostels, and dormitories with subsidised land from Assam and Gujarat governments. In Tamil Nadu, the government is assisting the housing project at the Hosur plant where Tata Electronics assembles iPhone enclosures.
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Mumbai in line to house govt’s animation centre of excellence
The government plans to establish a National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, and Comics (AVGC) in Mumbai, along with proposing an AVGC policy to boost the sector's growth and unlock its potential.
Government's focus on housing and infrastructure to continue: Karthik Srinivasan
As I said in terms of GDP growth, we do expect the country to continue in 6.5% to 7% kind of growth rates for next couple of years
Govt’s PMAY move to help boost affordable housing, drive economic growth
In the interim budget earlier this year, Finance minister Nirmala Sitharaman had announced support for the construction of an additional 2 crore homes in the next five years under the PMAY - Gramin (PMAY Rural). The PMAY budgetary allocation was also increased to Rs 80,671 crore for 2024-25 from Rs 79,590 crore in 2023-24.
Investors can look to bet on rural consumption and housing theme: Sunil Subramaniam
We may think that even NREGA subsidies could go up a little bit. So, I think the budget will give a clearer direction. But we do know that given the fact that the election results were not to the kind of expectations of the government itself, they will be trying to fix those problems. And from what we can see that two or three big states in north, UP, Haryana, then the Maharashtra, where the results were not to their liking, you would see that that is a farming belt, the UP is a sugarcane belt, Maharashtra is a sugarcane belt, so definitely you will see action around minimum support prices, you will see action around NREGA flows in there.
Rural jobs, roads, housing next on government radar
The government plans to construct 30 million houses under PMAY and is focusing on addressing rural distress to boost growth in private consumption expenditure and household savings.
HUDCO, other housing stocks jump 9% after govt greenlights 3 crore additional houses under PMAY
Shares of housing finance and infrastructure project firms surged after the NDA government's decision to assist 3 crore households with house construction under Pradhan Mantri Awas Yojana, leading to a boost in shares of companies like Home First Finance and Aavas Financiers.
PM Modi-led Cabinet approves govt assistance for constructing 3 crore rural, urban houses under PMAY
The NDA government, under PM Modi's leadership, decided to assist 3 crore households for house construction in the first cabinet meeting. This decision was made under the PMAY scheme, with plans to construct two crore more houses in the next five years.
Benny Gantz, man in the middle squeezed out by Israel's Netanyahu
Benny Gantz departure will remove one of the few in Israel's government who still appeared to enjoy the confidence of a U.S. administration whose frustration with Netanyahu has become ever more evident as the war has gone on. Even before the deadline, he had appeared increasingly unhappy with the government, quarrelling over issues ranging from the army leadership to opening a path towards a two-state solution with the Palestinians.
Realty hopes reforms, infra development continuity as Modi 3.0 takes charge
Industry players and experts are emphasizing the need for tax rationalization and reduced approval costs to foster a more conducive environment for investment and development.
Hardeep Singh Puri, face of India's oil diplomacy, takes oath
Born in Delhi, the 1974 batch Indian Foreign Service (IFS) officer, Puri claims to be affiliated to ABVP - the students' body aligned to BJP, during his student days at Hindu College of the Delhi University (DU), where he received his bachelor and master's degrees in history.
House Panel role for those not selected for cabinet
The BJP may appoint senior MPs as parliamentary committee chairmen due to limited cabinet space, aiming to satisfy NDA allies crucial for government stability. With 24 committees, state units must propose two to three names each for selection. Fewer BJP are ministers expected in the cabinet, leading to more ally representation from successful states like Bihar and Maharashtra. State leaders must submit lists soon for final decisions.
ETMarkets Smart Talk: Housing, building material & related sector might be a dark horse in Modi 3.0
Whether the thrust on railway, defence & environment for capex would pan is not clear at this point, and markets hate uncertainty & de-rating happens when growth is not certain
Housing finance companies to do well over the next 2-3 years: Madhu Kela
Even pre-election, I had an interaction with media and I said that I am very constructive on the overall financial sector, so I remain constructive. I think some of the corporate banks are also available at very reasonable valuation compared to their historical past, hardly any return is being made in the last four-five years, I would argue it is a good thing to have them in your portfolio. However as you rightly said within the whole sector the biggest opportunity might be in the housing finance sector basically because the companies are available at a very reasonable valuation.
Opposition to seek Deputy Speaker's post, bigger role in house panels
A resurgent Opposition demanded a clear functional line with the government for smooth Parliament functioning, including reinstating the post of Deputy Speaker for the main Opposition party in India. Opposition leaders criticised the government for rushing Bills without proper discussions and mass suspensions of MPs. Congress plans to appoint Rahul Gandhi as Leader of the Opposition with their increased seat count. Opposition seeks to restore Parliamentary panel sanctity to reflect new House dynamics.
Hindalco, HUL, GAIL among 24 stock recommendations by Yes Securities
Yes Securities has mentioned 24 stocks across 8 sectors, including Hindalco, HUL, GAIL, in its conviction list, stating that the markets tend to perform well after the election results.
NSA Jake Sullivan to visit New Delhi to engage new government on shared India-US priorities: White House
US National Security Advisor Jake Sullivan will visit India to discuss shared priorities with the new government, following a call from President Joe Biden to PM Narendra Modi congratulating him on his re-election and emphasizing their commitment to the Indo-Pacific region.
Mirwaiz hopes new govt in New Delhi takes realistic approach of dialogue for long lasting peace in Kashmir
Mirwaiz Umar Farooq addressed the gathering at Jama Masjid after four weeks as authorities had put him under house arrest. Following his release from over four year long house detention in September 2023, authorities have detained Mirwaiz on most of the Fridays and didn't allow him to go to Jama Masjid on different pretexts. Mirwaiz has also filed a petition in the J&K High Court challenging his frequent "informal house arrests."
Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%
In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.
US decries IDF strike in Rafah, urges Israel to prioritise civilian safety
National Security Council's Strategic Communications Coordinator, John Kirby condemned IDF strike in Rafah, expressing sorrow over loss of innocent lives, including children.
China encroached on our land but PM Modi is silent: Mallikarjun Kharge
Congress president Mallikarjun Kharge on Saturday alleged that China has encroached on India's land and is constructing houses and roads but Prime Minister Narendra Modi is silent. Where is the 56-inch chest, Kharge asked, taking a dig at the prime minister in his address at a rally in Himachal Pradesh's Rohru.
'Made in China' housing crisis solution may not be enough
China grapples with a colossal housing crisis, with millions of unoccupied apartments and unfinished developments, threatening its economy. Beijing's plan involves massive state intervention, buying unsold properties and converting them into social housing. However, doubts still persist about its adequacy and efficacy, raising concerns about the broader economic impact on China
AAP not implementing Centre's schemes in Delhi, created hurdles in Metro project: Hardeep Puri
Union Minister Hardeep Singh Puri accuses AAP govt of not implementing Modi govt's schemes like Pradhan Mantri Awas Yojana and Ayushman Bharat in Delhi, alleging obstacles in Metro project implementation under the fourth phase of Delhi Metro's expansion. He mentions implementing projects worth Rs 53,000 crore in the capital.
China expected to announce new measures to fix property crisis, spur growth
China's housing prices dropped in the first four months of the year, while factory output increased by almost 7%. This has lead to officials planning new measures to boost the struggling property industry. The National Bureau of Statistics noted insufficient domestic demand. The State Council announced a news conference to address the property market challenges, including defaults by developers.
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