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NDA government

GST Rates Cut, Affordable Housing Redefined – RealtyMyths

The slash in GST rates to 5% without ITC from the previous 12% with ITC for premium homes, and to 1% minus ITC for affordable homes from the earlier 8%, gives the beleaguered realty sector the much-needed breathing room and will certainly help it maintain some forward momentum in 2019. Another booster shot given by the government is changing the very definition of the budget-range of affordable housing. Extending the definition to housing priced within INR 45 lakh is credible. It will make more properties from the premium budget fall into the affordable segment category, and thus benefit buyers in cities like MMR where property prices are exorbitant. Yet again, the affordable segment has got a major push today and buyers of this segment will benefit immensely. This will certainly cause sal...

Road Infrastructure Projects of the Government in 2018 – RealtyMyths

by Anushree Ghosh Major Highway/bridge Development Projects Inaugurated/Completed in 2018 Infrastructure development is the primary need for the economic growth of any country. The NDA government has been focusing on developing roads, and highways to position India as a country with world-class infrastructure. A large number of projects are being undertaken by the government that would generate more employment opportunities — likely to become the main agendas of the 2019 election. The number of road projects varies from 25 – 55 that are being commissioned by the government in the states like Rajasthan, Madhya Pradesh, Gujarat and Uttar Pradesh – some are completed and some are under construction. Almost 10,000 km of national highway was constructed by the end of March this year...

Is Ganga Cleaner Now?

by Anushree Ghosh, The sacred and mighty Ganga originates from the bottom of the eastern Himalayas, Gomukh and crosses the Gangetic Plain of North India reaching Bangladesh. It is the lifeline of millions of Indians, not only because of its functionality but due to spiritual and religious reasons too. While the glaciers release clean and transparent water, it becomes sluggish and dirty in its course and gets polluted to its core till it reached the Bay of Bengal. The pollution of the river Ganga has been an issue since decades and was one of the top agendas of the then Prime Ministerial candidate, Narendra Modi. A per some of the media reports dated 29th Dec 2017, “Prime Minister Narendra Modi’s administration committed $3 billion in 2015 for a five-year project to clean the 2,525-km...

From ‘Development’ in 2014 to ‘Infrastructural Development’ in 2019 – Narendra Modi bets big on Highways

There is a tweet by Mr. Suresh Prabhu where he is saying that the nation should develop infrastructure for future. As we all know the campaigns for 2019 general elections are on. Every party has its own agenda and is aggressively working on it. But when it comes to the ruling party, what should their agenda be? Well, in 2014 general elections the NDA proposed development as their agenda, and it seems the development will remain their prime agenda this time as well. Or rather infrastructure development! That’s right, coz Narendra Modi led NDA government plans to showcase highway development as one of the biggest achievements in the infrastructure sector in the upcoming elections. The government plans to complete almost 200 highway projects worth Rs 1.5 lakh crore by mid of 2019. Do yo...

World Class Infrastructure – A Bluff or a Breakthrough?

Anushree Ghosh ‘World Class Infrastructure’ is what the NDA government is cashing on. The dreams are larger than life for a country that has been through years of sluggish development.  The expectations were raised dramatically by comparing India with countries like China, Singapore and Malaysia. Huge budgets and schemes were announced every year without any check on the already initiated projects. As soon as Mr. Nitin Gadkai took over as the Minister of Transport, he claimed to speed up the construction of roads up to 30 km per day. Then, he declared to develop the national highway up to 18,000km, with 16 express highways. Currently, the ministry plans to build 20,000km to connect the eastern and the western part of the country, with an investment of Rs 7 trillion. Gadkari assured an incr...

Modi’s 2 Years: A Lot Done, Achhe-Din Yet To Come

Santosh Sinha/RealtyMyths It’s been two years since Narendra Modi-led NDA made its way to form the government with a thumping victory in the year 2014 general elections.  With a promise to bring ‘Achchhe Din’, the NDA infused great hopes amongst the Indians here in the country as well as Diasporas living abroad. No doubt, it was the anti-incumbency which threw the UPA out of the government.  The economy was almost stagnant; Rupee slid to almost 70 per USD, unemployment was rising, foreign investors started shying away. Overall, the country was in bad shape. The series of scams by UPA ministers and party men played the cherry to the cake.  Yes, it was time for the change. Yes, the citizens needed fresh air to breathe. It’s been two years now, and the question is did we get that change! Or i...

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