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Noida Authority Earmarks Rs 1,500 Cr For 19 OngoingThe Noida Authority plans to invest Rs 1,500 crore in 19 different developmental projects in the city. Besides, efforts are being undertaken to ensure energy and water consumption in Noida. Meanwhile, Noida’s residential welfare authorities have been protesting against the inefficacy of workers hired by the Authority who are on regular strikes resulting in poor civic conditions in the Authority’s jurisdiction.
RBI’s Tweaking Of Lending Norms Makes Affordable HouThe affordable housing segment will get a boost with the Reserve Bank of India on June 6 raising the loan limits under priority sector lending. The RBI has decided to revise the housing loan limits for PSL eligibility from Rs 28 lakh to Rs 35 lakh in metropolitan centres and from Rs 20 lakh to Rs 25 lakh in other centres.
India's Solar Capacity Rises By 72% In FY'18, Says RAccording to a report, the utility solar capacity of India in FY 2017-18 has increased by 72 per cent over last year. India has achieved 9.1 gw of utility solar installations compared to 5.5 gw in 2016-17. Karnataka is the leading state which has the highest capacity of 4.1 gw amounting to 46 per cent of the total capacity installed.
Noida Authority Announces Budget For 2018-19, FocuseThe Noida authority announced a budget of Rs 4,350.11 crore for the year 2018-19 on April 26. With a reduction of Rs 3,720 crore from the last year’s Rs 8,070 crore, the authority still hopes to have a surplus of Rs 37.19 crore. It is aiming to garner revenue worth Rs 4,337.3 crore through lease rent, property transfer fee, land sale, builder land dues, water bills, etc. It announced the allocation for the elevated road project over Shahdara drain. Besides increasing the rate of one-time lease rent, the civic body took decisions on paying guest policy and renting of plots.
Power Rates In Delhi Slashed. Is That Really Cool?The DERC has reduced the power tariffs in the city by up to 25 per cent while taking the fixed charges up six times. The new tariffs will be applicable from April 1. Introduced for both commercial and residential power usage, will this reduction further increase the demand and supply gap? What will Delhi do to cope up with when power usage exceeds supply?