Real Estate

Increase in carpet area of affordable houses approved

Our Bureau New Delhi | Updated on January 09, 2018 Published on November 16, 2017

Representational image only

The Union Cabinet on Thursday gave its nod for an increase in the carpet area of the affordable houses eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) for the Middle Income Group (MIG) under the Pradhan Mantri AwasYojana (Urban).

Under the MIG I category of CLSS, the carpet area will be increased up to 120 sq metre from 90 sq metre. The carpet area in the MIG II category will be increased to 150 sq.m from the existing 110 sq.m.

The decision will be retrospectively implemented, effective from January 1, 2017, the date the CLSS for MIG was implemented.

Railway dividend

The Cabinet also approved the proposal of the Ministry of Railways to move a resolution in both Houses of Parliament adopting the Railway Convention Committee (2014)’s recommendations that for 2016-17, purely as a one-time move, the rate of dividend payable by the Railways to the General Revenues be waived off.

The Cabinet Committee on Economic Affairs has given its approval for continuation of Anganwadi services, the Scheme for Adolescent Girls, Child Protection Services and National Crèche Scheme till November 30, 2018 with an outlay of over ₹41,000 crore. These are the sub-schemes under the Integrated Child Development Services.

In a bid to improve judiciary infrastructure, the Centrally-sponsored scheme for Development of Infrastructure facilities for judiciary will continue beyond the 12th Five-Year Plan i.e from April 1, 2017 to March 31, 2020.

Infotech

The Cabinet also approved an agreement between the Indian National Science Academy and the National Academy of Sciences of Belarus for mutual benefit in the areas of science, technology, agriculture, etc. The objective of the agreement is to support institutions in both countries by way of research, technology transfers, and exchange of visits.

Civil Aviation

Approval was also granted for signing a memorandum of understanding between India and Poland for cooperation in the civil aviation sector. After getting approval from both the governments, an MoU will be signed for five years to work on the mutual benefit of cooperation and improving regional air connectivity in India.

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Published on November 16, 2017
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