The state of real estate and housing in India amidst pandemic: Impact and way forward
Excerpts from the Impact and Policy Research Institute (IMPRI), New Delhii event on real estate and housing in India amidst COVID-19, prepared by Dr Soumyadip Chattopadhyay, Arjun Kumar and Nishi Verma:
Much has changed with the Coronavirus hitting the world in December 2019. Amid countries applying extreme measures to contain the pandemic, businesses came to a grinding halt across the world, forcing monetary agencies to slash growth forecasts for the global economy, India included. While the adverse effects of the pandemic are already being felt across the world, varying opinions are emerging on COVID-19’s impact on the real estate sector, a health emergency that force-launched the biggest ever work-from-home experiment globally, putting a question mark on the relevance of workspaces in a post-Coronavirus world. The demand slowdown in the residential segment has already curtailed housing sale
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Reform=linked grant released for local bodies
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Union Govt Releases Rs 4,608 Crore To States As Grants To Local Bodies, Total Rs 87,460 Crore Released In FY21
by Swarajya Staff - Apr 2, 2021 07:36 AM
The Finance Ministryâs head office (Mint via Getty Images)
As per the recommendations of the 15 Finance Commission, Ministry of Finance on Wednesday (31 March) released Rs 4,608 crore to states for providing grant-in-aid to the local bodies.
The grants are both for the Rural Local Bodies (RLBs) and Urban Local Bodies (ULBs). Out of this, RLBs will get Rs 2,660 crore and ULBs will get Rs 1,948 crore.
In the financial year 2020-21, the government has released a total amount of Rs 87,460 crore to 28 states as local body grants. Out of this, Rs 60,750 crore have been released for RLBs while Rs 26,710 crore have been released for ULBs, the Ministry of Finance said in a statement.