In India, urban housing shortage has plunged from 24.7 million at the beginning of the 11th Five Year Plan in 2007 to 18.78 million for the next five year plan from 2012 to 2017, informed Minister of housing and urban poverty alleviation Kumari Selja.
With the burgeoning demand of luxury homes in India coupled with the rising exposure and aspirations of Indian consumers, US based Pella Corporation - manufacturers of premium windows & doors, announced its foray into the Indian market.
With an aim to boost the infrastructure sector, the Govt of India signed a MoU on urban regeneration and development. Urban Development Minister Kamal Nath and Dr. Vince Cable, the British Secretary of State for Business, Innovation and Skills signed the MoU on Thursday.
“Today’s bandh has been disruptive for business and trade in many parts of the country. While an exact loss for the entire economy is not known, it can be estimated that almost Rs. 12500 crore has been the loss to the country in terms of disruptions in production and trade,” the CII said.
On Monday, Inter Ministerial Group (IMG), that scrutinising the misappropriation in coal block allocations recommended de-allocation of three more coal blocks and deduction of bank guarantee of four captive mines including one allotted to the world's largest steel producer Arcelor Mittal and GVK Powers.
A meagre 0.7 per cent of total outstanding investments including all projects under various stages of implementation got completed during 2011-12, apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) announced