Housing Ministry nods 60,000 homes construction under PMAY-U

17 Feb 2022 CW Team

On Tuesday, the Ministry of Housing and Urban Affairs (MoHUA) told the media that the project proposals for more than 60,000 homes were authorised for development under the Pradhan Mantri Awas Yojana (Urban) in Chhattisgarh, Andhra Pradesh, Karnataka, Rajasthan and Himachal Pradesh.

Earlier this month, Finance Minister Nirmala Sitharaman during the Budget presentation declared an allocation of Rs 48,000 crore to develop eight million homes. The government had earlier declared that all Indians would be rendered ‘pucca’ homes by 2024.

The total number of approved homes under PMAY(U) is currently 114.04 lakh, of which about 93.25 lakh have been grounded for construction and approximately 54.78 lakh have been achieved and delivered to the beneficiaries.

The government further said that the total investment under the mission stands at Rs 7.52 lakh crore, with central assistance of Rs 1.87 lakh crore. So far, Central Assistance amounting to Rs 1.21 lakh cr has already been released.

Manoj Joshi, Secretary, Ministry of Housing and Urban Affairs, during the 58th meeting of the Central Sanctioning and Monitoring Committee (CSMC), discussed the problems about grounding and construction of houses in various states under different verticals of PMAY(U), according to the Ministry statement.

He reviewed the speed of achievement of homes in the states and directed the officials to facilitate the process and meanwhile furthermore evaluate the beneficiary allotment and completion of Affordable Housing in Partnership (AHP) projects in their respective areas.

Image Source

Also read: Govt approves construction of over one lakh houses under PMAY-U

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..