HOUSING FINANCE: SAFE AND STEADY
Article Abstract:
The Ninth five year plan has set an investment target of Rs1500 billion for the housing sector, out of which the share of the organised sector is projected at Rs380 billion. The tax deductibility for individuals on housing loans has been increased to Rs30,000 per annum from Rs15,000 per annum. The housing sector accounts for about 4 percent of the gross domestic product and 10- 13 percent of the gross capital formation. Employment in the construction sector has grown by 13 percent between 1987-88 and 1997-98. The Housing Development Finance Corporation increased its loan disbursals by 31 percent for individuals in 1997-98. The housing finance sector has grown due to a fall in interest rates and property prices and an increase in the disposable income of individuals. (khr)
Comment:
The Ninth five year plan has set an investment target of Rs1500 billion for the housing sector, out of which the share of the organised sector is projected at Rs380 billion.
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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POWER INFRASTRUCTURE: ACTION PLAN BY PLANNING COMMISSION
Article Abstract:
The Planning Commission has drafted an Action Plan for Rapid Improvement in Physical Infrastructure and has envisaged a capacity addition of 40,245 mw in the ninth plan. It has envisaged a capacity addition of 3,299.3 mw in 1998-99 against 3,283.3 mw in 1997-98. The financial support needed in the ninth plan to implement the capacity addition is Rs3900 crore. The Working Group on Power has said that the country will have to undertake a capacity addition of 45,614 mw in the tenth plan which will require an outlay of Rs12,000-15,000 crore. (khr)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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RAISING RESOURCES FOR HYDEL PROJECTS
Article Abstract:
A committee set up to raise resources for hydroelectric projects in the Ninth and Tenth five-year plans has proposed a minimum 50 percent direct participation by the Centre in the projects. It has proposed borrowing from the market with a guarantee from the government if required. Allowing developers to mobilise funds through construction bonds and debentures has also been recommended. A proposal has been made to levy a charge for specific period on energy sold to repay debt service obligations. (khr)
Comment:
India: Cmte set up to raise resources for hydroelectric projects proposes minimum 50% participation by Centre in projects
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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