The Economic Times
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| 18 January, 2021, 01:53 PM IST | E-Paper



    16 financial deadlines in 2021 that you must know

    Due to novel coronavirus pandemic, various financial deadlines have been extended well into 2021 by the government. Here are the 16 financial deadlines that you should not miss in the new year i.e. 2021.

    DDA's new housing scheme launched; 1,354 flats, costliest worth Rs 2.14 crore

    The scheme is completely online, done through the newly develop...

    DDA's new housing scheme launched; 1,354 flats, costliest worth Rs 2.14 crore

    The scheme is completely online, done through the newly develop...

    • Rajkot is one of the six cities in India chosen by the Modi government for this project to provide homes to the urban poor using green construction technology. "The 1,144 houses in Rajkot will be built at a cost of Rs 118 crore," Rupani said in his address in Rajkot ahead of the virtual foundation stone-laying ceremony.

      The BJP Mahila Morcha members submitted written complaints against the chief minister at the Capital Police Station alleging that the BJD government is using the logo of the Biju Pucca Ghar Yojana, its own housing scheme, on houses constructed under the central programme.

      The Rural Housing Interest Subsidy Scheme has managed to spend barely around Rs 10 crore till this week, out of around Rs 50 crore released mid-2019, with roughly 9,000 beneficiaries. It marks a setback for government expectations, evident from the fact that the rural development ministry had earmarked Rs 100 crore for 2020-21.

      The state's ranking is based on the performance on pandemic management, macro parameters (fiscal parameters and retail price inflation) and their performance on the various central schemes.

      The decision to keep the key policy rates by unchanged by the Reserve Bank of India was expected by many market participants. Here's what home loan borrowers and fixed deposit investors can do now.

      The secretary said housing sales have revived in the last few months because of measures taken by the Centre as well as stamp duty cut by some states.

      Land being a state subject, the decision on stamp duty lies with the respective state governments. Some of the states with key property markets have already announced the reduction in stamp duty and the move has resulted in higher property sales and registration activity.

      PM Modi has adopted a different approach in which the Centre is deeply involved in the execution.

      According to sources, the state government has not released the central share of Rs 3,146.64 crore and the state share of Rs 1,521.1 crore earmarked for PMAY-G, adversely affecting the pace of its implementation.

      The government has decided to increase the differential from 10% to 20% under Section 43CA of Income Tax Act. This will be applicable on primary sale of residential properties valued up to Rs 2 crore until June 30, 2021. The move will help homebuyers and developers deal with stuck properties that are valued up to 20% lower than the ready reckoner rates.

      Finance minister Nirmala Sitharaman has announced an additional outlay of Rs 18,000 crore which will be provided over the budget estimates for 2020-21 for the Prime Minister Awaas Yojana Urban (PMAY-U) through additional allocation and extra budgetary resources.

      "The speed with which these houses were constructed is a record. The construction of a house under the PMAY used to take an average of 125 days earlier. But in the coronavirus period, the average time taken for it came down to 45 to 60 days. This is an example of turning a crisis into an opportunity," the PM said.

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