FM Nirmala Sitharaman unveils Rs 2.2 lakh crore boost for urban housing

23 Jul 2024 CW Team

On July 23, the Modi government's third term unveiled a substantial Rs 2.2 lakh crore initiative aimed at boosting urban housing. Finance Minister Nirmala Sitharaman, in her Budget speech, emphasised that this investment will cater to the housing needs of one crore urban poor and middle-class families, part of a larger Rs 10 lakh crore allocation.

Additionally, the government announced plans to expand the Pradhan Mantri Awas Yojana (PMAY) by adding provisions for 3 crore more houses. Launched in June 2015, PMAY seeks to provide durable homes with essential amenities to eligible urban beneficiaries, a point underscored by Sitharaman during her budget presentation.

The Interim Budget earlier this year revised PMAY's allocation to Rs 80,671 crore from the initial estimate of Rs 54,103 crore, crucial for addressing housing shortages in both urban and rural areas and facilitating the completion of 4.21 crore houses over the past decade.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..