Cabinet extends urban housing scheme till 2024

16 Aug 2022 CW Team

The Union Cabinet has approved the extension of the Pradhan Mantri Awas Yojana (Urban), the flagship urban housing scheme, until December 31, 2024. The original deadline for the scheme, which aims to provide affordable housing with incentives, launched in 2015, had been March 2022.

The original deadline for the scheme, which aims to provide affordable housing with incentives, launched in 2015, had been March 2022. It had been launched with the goal of achieving housing for all by 2022. The total amount of central assistance approved since 2015 is Rs 2.03 trillion. According to reports, Rs 1.18 trillion in central assistance or subsidies have already been released up to 31 March 2022, and Rs 85,406 crore will be released by 31 December 2024. The extension of the scheme based on requests by the state and union territory until December 31, 2024, will aid in the completion of already sanctioned houses.

Also read:
Minister highlights steps taken to control housing costs
Towards affordable and sustainable rental housing

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..