Shine india monthly magazine

Shine india monthly magazine

Shine india monthly magazine Published this article page no  84 Housing  Extension of Registration and Completion Date of Real Estate Projects under RERA o The primary objective of this measure is to de stress real estate developers and ensure timely completion of projects keeping the ultimate consumer in mind. o To ensure this the Ministry of Housing and Urban Affairs will advise StatesUTs and their Regulatory Authorities to the following effect  Treating COVID19 as an event of Force Majeure by Real Estate Regulatory Authority (RERA).  Issuance of fresh Project Registration Certificates should automatically be done with revised timelines.  Provide Extension of timelines for various statuary compliances under RERA concurrently.  Boost to housing sector in middle income group o Government will extend the Credit Linked Subsidy Scheme (CLSS) up to March 2021.  Potential benefits of the scheme o Close to 2.5 lakhs middle income families will benefit from the scheme during 202021. o This will lead to an investment of over Rs. 70000 Crores in housing indirectly help in job creation and stimulate demand for steel cement transport and other construction materials. DISCOMs  Liquidity Infusion for Power Distribution Companies (DISCOMs) (Allocation Rs. 90000 crore) o This infusion will be done by Power Finance CorporationRural Electrification Corporation. o Issues faced by DISCOMS  DISCOMs are facing unprecedented cash flow problem accentuated by demand reduction and as a result revenue of DISCOMs have plummeted.  DISCOM payables to Power Generation and Transmission Companies is currently approximately Rs. 94000 crore. o Other features of the scheme  Loans under the scheme are to be given against State guarantees for exclusive purpose of discharging liabilities of DISCOMs to Power Generation and Transmission Companies.  Central Public Sector Generation Companies shall give rebate to DISCOMs which shall be passed on to the final consumers (industries) Shine india monthly magazine buy. 

Shine india monthly magazine