Tax Concession on spare parts of environment friendly vehicles extended till Mar 2015.
The government is planning to develop two 'smart' cities with a host of modern features like intelligent transport and carbon neutral status in each of the states in the second phase of the Jawaharlal Nehru National Urban Renewal mission.
Acute shortage of labour and migration towards social schemes like Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), a large number of construction projects are lagging behind their completion schedules.
There are some flyovers, JNNURM logo-bearing buses and terribly designed housing for the poor. That's it.
Modi govt pushed very hard the concept of smart cities in 2014.
This is the second such initiative for urban reforms after the successful implementation of the Jawaharlal Nehru National Urban Renewal Mission launched in FY06.
At present, 63 cities are covered under JNNURM, which was launched in 2005 by Prime Minister Manmohan Singh to improve the quality of life and infrastructure in cities.
According to industry sources, states are yet to clear their previous dues of Rs 2,000 crore.
A fresh $1-billion (nearly 4,600-crore) loan from the World Bank under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), to be routed through the Union government, would be linked to cities adopting certain efficiency parameters.
The prime minister said the success of JNNURM was critical to tackling the problems that go with rapid urbanisation. Singh said the Centre has committed substantial funds for urban renewal along with the states and urban local bodies.
Last week, the Central Board of Excise and Customs notified that a service tax of 10 per cent would be levied on the gross value of a housing property under construction from July 1.
The gap between promise and achievement in JNNURM is enormous.
"It is completely false. I don't know what is the basis of this. I am not a candidate. This is some speculative thing in the New York Times," Ahluwalia said.
The signal is that it is willing, but it is a bit open if it will be able to.
The signal is that it is willing, but it is a bit open if it will be able to.
The government is considering awarding a grant from the funds of the Jawaharlal Nehru National Urban Renewal Mission to meet a funding gap in the Mumbai metro project's first corridor that is being built by the Reliance Anil Dhirubhai Ambani Group.
Underutilisation of funds worth Rs 1,400 crore (Rs 14 billion) sanctioned under the Jawarharlal Nehru National Urban Renewal Mission (JNNURM), uncertainty on the proposed Rs 300-crore (Rs 3 billion) ring road for Pune and Pimpri-Chinchwad and the re-carpeting of Pune airport runway adversely impacting air traffic.
Quite fed up with the state government's dilly-dally approach in repealing the ULCA in September, while releasing the grant of around Rs 400 crore under the JNURM, the Centre had warned the state government that if it did not repeal the ULCA, funding under the JNURM scheme would be stopped. Subsequently, the state legislature had passed a Bill to repeal the ULCA in the recently concluded winter session of the Assembly.
"The people have voted in large numbers for Congress and the policies of the DF governments," Deshmukh said in a official release.
First tranche of funding for 13 projects disbursed under urban renewal scheme.
During the last few years, Mysore has been witnessing unprecedented growth in real estate, with a large number of housing co-operative societies having secured land for development of residential colonies.
The Maharashtra government on Thursday repealed the three-decade-old Urban Land Ceiling and Regulation Act (ULCRA) at its Assembly session in Nagpur. The repeal, done after months of delay and debate, could free up as much as 500 hectares (1,234 acres) of land available for development, Chief Minister Vilasrao Deshmukh said.
Launching an ambitious Rs 1 lakh crore National Urban Renewal Mission to improve urban infrastructure in major cities, Prime Minister Manmohan Singh on Saturday suggested land rights to urban poor at affordable rates to increase private investment.
The state government will soon appoint consultants to prepare the feasibility report for the project.
NURM is aimed at overhauling infrastructure facilities of the cities, especially the old ones.
A map showing the number of homeless persons per 1000 population in districts across India.
Rs 1000 cr has been allotted for Mumbai from National Urban Renewal Mission funds for which an allocation has been made in the Union Budget.
Around Rs 2 trillion will flow in over the next five years for development of urban areas across India.
Career bureaucrat Anil Baijal was on Wednesday appointed as the new Lt Governor of Delhi, a post which has fallen vacant after sudden resignation of Najeeb Jung.
"We all know these problems. We will sit together and work to solve them," he said.
100 smart cities to become a reality as Cabinet approves the project, earmarks Rs 100 trillion for the purpose.
Of the 538 projects examined, 294 suffered from cost overruns, 303 from time overruns, and 166 projects suffered both time as well as cost overruns.
SmartCity project is in advanced stage.
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