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Prime Minister Narendra Modi discusses ways to involve Private players in Government Housing Schemes

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Narendra Modi, Wikimedia

New Delhi, April 8, 2017: Prime Minister’s Principal Secretary Nripendra Misra on Saturday chaired a meet to discuss ways to involve private real estate developers in the government’s ambitious ‘Housing-for-all by 2022’ scheme.

The meeting also discussed how the benefits of the interest subsidy on affordable housing could reach the prospective home buyers at the earliest, informed sources said.

The real estate developers were represented by two apex bodies, CREDAI and NAREDCO. Tata Housing officials also attended the meeting.

Look for latest news from India in NewsGram.

The real estate sector representatives flagged difficulties they face in launching projects in smaller cities because of the specifications under Prime Minister Awas Yojana scheme and wanted some relaxation on that front.

Union Minister M.Venkaiah Naidu had urged real estate developers last months to take up affordable housing projects in a big way while stressing that therein lies the future of the real estate sector.

Naidu had said that his ministry would soon convene a Round Table with real estate bodies and representatives of banks, housing financing companies and others concerned to deliberate on the road ahead for promoting affordable housing so that the target of ensuring Housing for All by 2022 would be met. (IANS)

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Richard Thaler Supported Demonetisation, there is More to the Story

Demonetisation is what Richard Thaler had long supported. However, he remarked "Really? Damn," when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 notes thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.

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Richard Thaler
Richard Thaler won the Nobel Prize in Economic Sciences on 9th October.Wikimedia

When Prime Minister Narendra Modi decided to scrape Rs 500 and Rs 1,000 notes last November, Nobel Prize winner Richard Thaler supported demonetization describing it as a policy that he had long supported.

Dr. Richard Thaler, a Professor of Economics and Behavioural Science at the University of Chicago won the Nobel Prize in Economic Sciences on 9th October.

Did Richard Thaler really support demonetization in the way BJP took it? There is more to the story than what meets the eye.

As soon as Thaler was declared the Nobel Prize winner, members of the Bharatiya Janata Party (BJP) started sharing Thaler’s tweet regarding demonetization on social media affirming that the move which was severely criticised by the members of the opposition was actually supported by a Nobel Prize winner. The BJP IT cell head Amit Malviya retweeted the old tweet within a fraction of a second.

However, Richard Thaler remarked “Really? Damn,” when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 note thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.

It was not only the BJP supporters but also a large number of BJP leaders who were flowed away with incomplete picture depicted by Malviya and tweeted about it.‬ This included Union Minister Giriraj Singh, former BJP IT Cell Head Arvind Gupta, and many others.

Soon after, twitterati realized that the full picture of Thaler’s statement on demonetization was rather hidden.

Prime Minister Modi declared that the motivation behind scrapping Rs 500 and Rs 1,000 notes was to promote cashless economy and reduce corruption. This decision was severely criticised by different sections of the society putting on Modi the ultimate responsibility for heralding economic deceleration. Demonetisation pulled down India’s GDP growth rate to a mere 6.1% in 2016-17.

Some highlighted that the introduction of Rs 2000 note was an ephemeral panacea for remonetization and that its printing has been terminated.

-Prepared by Mohima Haque of NewsGram, Twitter: mohimahaque26

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Prime Minister Greets Nation on Valmiki Jayanti

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PM Narendra Modi
Prime Minister Narendra Modii. IANS

New Delhi, Oct 5: Prime Minister Narendra Modi on Thursday greeted the nation on the occasion of Valmiki Jayanti.

“Greetings on Valmiki Jayanti. A great sage and master litterateur, his rich ideals and works guide generations…,” Modi tweeted on the birth anniversary of Sanskrit poet Maharishi Valmiki.

Valmiki is the author of the epic Ramayana. The original texts written by the sage consists of 24,000 shlokas and seven cantos (kandas) including Uttara Kanda. (IANS)

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PM Narendra Modi: Don’t believe in vote bank politics, Nation comes first

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Prime Minister Narendra Modi.
Prime Minister Narendra Modi. Wikimedia

Varanasi, Sep 23: Prime Minister Narendra Modi, on Saturday, said that the BJP did not believe in vote bank politics as the country was above party politics. This is his second day of the visit to his parliamentary constituency in Varanasi.

Modi told a gathering that he had launched a major war against corruption and the corrupt to ease the life of the common man. He also said cleanliness was worship for him as it could rid the poor of various diseases and a lot of economic burdens.

“Governance for us is not about votes or winning elections. The priority is the development of the nation. For us, the country is bigger than party,” he said, in his address to farmers in Shahanshahpur on the outskirts of Varanasi.

He said most of the problems faced by the common people in India were rooted in corruption.

“I have launched a war against it and will take it further to ensure that graft is weeded out from the country.”(IANS)