google.com, pub-2764582774280019, DIRECT, f08c47fec0942fa0 -
TRK News
No Result
View All Result
  • Home
  • World
  • National
  • Sports
  • Jammu Kashmir
  • Ladakh
  • Health
  • Login
  • Home
  • World
  • National
  • Sports
  • Jammu Kashmir
  • Ladakh
  • Health
No Result
View All Result
TRK News
No Result
View All Result
Home National

Central Assistance Of Rs 2.2 Lakh Cr In Next 5 Yrs To Provide Homes For 1cr Urban Poor, Middle-Class

News Desk by News Desk
July 23, 2024
in National
A A
0
Central Assistance Of Rs 2.2 Lakh Cr In Next 5 Yrs To Provide Homes For 1cr Urban Poor, Middle-Class
0
SHARES
34
VIEWS
Share on FacebookShare on Twitter

READ ALSO

India calls for time-bound UNSC reforms, backs ‘Pact for the Future’ agreement

Income Tax Department Enables Online Utility For ITR-2 Filing

New Delhi : The Government on Tuesday announced central assistance of Rs 2.2 lakh crore over the next five years to meet housing requirement of 1 crore urban poor and middle class families under the Pradhan Mantri Awas Yojana-Urban and proposed interest subsidy to provide loans at affordable rates.
In her Budget speech, Finance Minister Nirmala Sitharaman said, “Under the PM Awas Yojana Urban 2.0, housing needs of 1 crore urban poor and middle-class families will be addressed with an investment of Rs 10 lakh crore.”
“This will include the central assistance of Rs 2.2 lakh crore in the next 5 years,” she added.
The government also plans to provide interest subsidy to facilitate loans at affordable rates, the minister said.
Sitharaman proposed that the government will put in place policies for promoting rental housing markets.
“…enabling policies and regulations for efficient and transparent rental housing markets with enhanced availability will also be put in place,” she said.
Further, the minister said the government will facilitate rental housing with dormitory-type accommodation for industrial workers.
This will be done in PPP (public-private partnership) mode with VGF support and commitment from anchor industries.
On tax proposals, Sitharaman proposed that income from letting out of a house or part of the house by the owner, would not be charged under the head ‘profits and gains of business or profession’ and rather it will be chargeable to tax under the head ‘income from house property’ only.
Regarding TDS (tax deducted at source) on sale of immovable property, she clarified that “where there is more than one transferor or transferee in respect of an immovable property, then such consideration for transfer of the immovable property shall be the aggregate of the amounts paid or payable by all the transferees to the transferor or all the transferors for transfer of such immovable property”.
Sitharaman also proposed amendments to the Prohibition of Benami Property Transactions Act, 1988.
“It is proposed to provide immunity from penalty and prosecution to benamidar on full and true disclosure. It is also proposed to rationalize time limits for attachment of property and reference to adjudicating authority,” she said. (Agencies)

ADVERTISEMENT
Tags: Finance Minister Nirmala Sitharaman
SendShareTweet
Previous Post

Budget 2024 | Govt Announces Rs 1.5 Lakh Cr Interest-Free Loans For Infra Development In States

Next Post

DSEK orders change in school timing from 8 AM to 1 PM

News Desk

News Desk

READ ALSO

India To Treat Pakistan’s Reference To Kashmir At UNSC Meeting “With Contempt It Deserves”
National

India calls for time-bound UNSC reforms, backs ‘Pact for the Future’ agreement

by News Desk
July 18, 2025
Income of political leaders increases post 2019
National

Income Tax Department Enables Online Utility For ITR-2 Filing

by News Desk
July 18, 2025
Bringing Motion To Remove Justice Varma Matter Of MPs, Govt Not In Picture: Meghwal
National

Bringing Motion To Remove Justice Varma Matter Of MPs, Govt Not In Picture: Meghwal

by News Desk
July 18, 2025
PM Modi To Launch Multiple Development Projects From Jammu
National

“New India spares no effort in punishing enemies”: PM Modi hails Op Sindoor in poll-bound Bihar

by News Desk
July 18, 2025
Next Post
DSEK orders change in school timing from 8 AM to 1 PM

DSEK orders change in school timing from 8 AM to 1 PM

Handwara CJM Attached Over Serious Allegations

Handwara CJM Attached Over Serious Allegations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Welcome to TRK News, the most-watched television channel in Jammu and Kashmir with a mission to deliver authentic news from around the world. We strive to cover all aspects of news with our firsthand coverage of local, national, and international events. Our team is dedicated to bringing the untold stories to light with unbiased reporting and a commitment to excellence. Join us as we promote the power of informative and inspiring news reporting.

News by Topic

  • Bollywood
  • Business
  • Education
  • Fact Check
  • Health
  • Jammu
  • Jammu Kashmir
  • Kashmir
  • Ladakh
  • National
  • Opinion
  • Sports
  • Technology
  • Tourism
  • Tourism
  • Uncategorized
  • World

Company Info

  • About Us
  • Contact Us
  • Disclaimer
  • Correction Policy
  • Privacy Policy

© 2023 | TRK MEDIA PVT. LTD.

No Result
View All Result
  • Home
  • World
  • National
  • Sports
  • Jammu Kashmir
  • Ladakh
  • Health

© 2023 | TRK MEDIA PVT. LTD.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In