In a bid to arrest the current economic slowdown, Finance Nirmala Sitharaman on September 14 announced further relief measures with a focus on reviving the housing and export sector.In her previous two press conferences, Sitharaman took stock of the slowdown in auto sector, the cash strapped NBFCs and also announced the mega bank merger as well as upfront recapitalisation.After nationwide consultations, Sitharaman in her September 14 presser announced several measures w.r.t to exports industry including raising of interest equalisation scheme for MSMEs and exporters to 5 percent, replacing Scheme for Remission of Duties or Taxes on Export over MEIS for exports, higher insurance cover, implementation of fully electronic GST refund system, Rs 1,700 crore for export guarantee among others.Close "The finance minister's announcement that an additional Rs 36,000 crore to Rs 68,000 crore will be made available as export credit under the priority sector is definitely … [Read more...] about Key takeaways from FM Nirmala Sitharaman’s third press conference; export, housing in focus
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Nostalgia and pride are powerful motivators for philanthropy, which are how college endowments at the nation’s elite universities got as large as they are today. While thinking back fondly of your alma mater is common enough, now an ambitious new fundraising initiative is testing whether the same attitudes be harnessed to raise money for an institution that needs the cash even more: the New York City housing projects. advertisement advertisement “I take great pride in the fact that I’m a wonderful American dream story,” says Jeff Levine, a wealthy real estate developer who lives on Long Island with his wife and kids–a far cry from where he grew up. Recently, he got to take his children on a field trip to his stomping grounds as a child: his old apartment at Linden Houses in Brooklyn’s East New York neighborhood. Public housing is very different today than it was in the late 1950s and early 1960s when Levine resided there. At the time, … [Read more...] about Will Housing Project “Alumni” Give Back To A Crumbling System?
I don’t know about the chardonnay, but if Yosemite Road Cabernet, 7-Eleven’s house brand, were a song, it’d be “Red, Red Wine.” Not Neil Diamond’s original. Or even Tony Tribe’s excellent rocksteady version. It’d be the UB40 cover, because it’s obvious, completely inoffensive, and in this case, on heavy rotation in my mom’s place. advertisement advertisement At a recent “purse party,” she secretly replaced her friends regular reds and whites with $4.99 bottles of YoRo. They were pleasantly surprised. At least to her face. Why is my mother doing my dirty work? Because, 1.) I’m expected to edit this site sober (where I’m from spitting out wine is considered alcohol abuse), and 2.) As a woman who embraces Florida beach living (in a small town just south of Daytona Beach, where the white sand dunes themselves are said to contain a significant portion of pulverized ripple bottle shards), she knows … [Read more...] about 7-Eleven House Wine Taste Test: My Mom Takes a Spin Down Yosemite Road
Hong Kong is one of the most expensive cities in the world, which makes it an especially hard place to live if you’re poor: Even a cramped, rundown slum apartment can cost $11 per square foot, nearly three times the average in a city like New York. Hundreds of thousands of people live in inadequate housing. Some of those live in even worse conditions: “cage homes,” apartments that are only big enough for a bunk bed surrounded by a wire walls. advertisement advertisement The photos in this series, taken by a volunteer for a Hong Kong nonprofit called the Society for Community Organization (SoCO), show a little of what it’s like to live in a space the size of a storage unit. One of the apartments shown here is only 28 square feet. Each picture was taken with a camera mounted to the ceiling, since the rooms were too small for the photographer to fit inside. Residents are people living on the fringes of Hong Kong society–low-skilled workers, the … [Read more...] about Think Your Apartment Is Small? Check Out These Super-Tiny Hong Kong Houses
Konrad Wójcik thinks a little urban sprawl could be a good thing. The Denmark-based architecture student has reimagined how people might live outside cities–away from noise and pollution, but without any of the environmental impacts of typical suburbia. His solution: Tree-shaped houses packed with every conceivable sustainable design element, located in the middle of a forest, but within biking distance from a city. advertisement advertisement “Looking at humans and their frequent lack of respect towards the natural environment, as an architect, I wanted to create something fresh, something that could provide not only shelter but also all necessary needs of present-day society,” Wójcik says. Trees served as inspiration for the project in part because they’re already optimized as self-sufficient shelters for other animals. They run on renewable energy, fertilize soil, clean the air, and provide visibility, shade, and ventilation. … [Read more...] about These Zero-Impact Tree-Inspired Houses Will Blend Right Into The Forest