Aif

Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects

In a major boost to the housing and real estate sector, the government on Wednesday approved setting up of a Rs 25,000 crore bailout fund to finance 1,600 stalled housing projects, the Finance Minister Nirmala Sitharaman said

Realty stocks jump up to 8.2% on Rs 25,000-cr fund booster to complete 1,600 stalled housing projects

Realty stocks closed up to 8.2 percent higher on Thursday after the government approved a Rs 25,000 crore fund for 1,600 stalled housing projects, which is expected to jumpstart consumption and give a boost to real estate and allied sectors

Homebuyers can approach banks for loan revival; Rs 25,000-cr fund not for projects facing litigation in higher courts: Govt

A day after announcing a Rs 25,000-crore stress fund for stalled housing projects, the government on Thursday advised homebuyers to approach lenders for additional borrowing or revival of their loans, while clarifying that projects facing litigation in higher courts will not be covered under the scheme

Angel tax concerns: Startups required to seek tax exemption from inter-ministerial board, says govt

Several startups have raised concerns on taxation of angel funds under Section 56 of the Income Tax Act, which provides for taxation of funds received by an entity.

Project Sashakt: Creating a bigger bad asset market is a good idea; but who will do the bankrolling?

Project Sashakt's success hinges on the Modi government's ability to push out a scheme that can generate sufficient investor interest.

Fifa U-17 World Cup 2017: Head of events sets 15 May deadline for Kochi venue amid 'deep concerns'

Fifa's inspection team today expressed "deep concern" over the pace of work at Jawaharlal Nehru Stadium in Kochi, one of the six venues selected to host matches in the U-17 World Cup

Govt says Rs 500 cr Credit Enhancement Fund may be operational by Dec

The government is considering roping in 2-3 banks, including SBI and PNB for the fund