PMAY refers to Pradhan Mantri Awas Yojana. Launched in 2015, it is a social welfare initiative with a mission to provide affordable housing options to individuals belonging to specific income groups and other minority communities by 2022. The mission aims to support the construction of houses up to 30 square meter carpet area with necessary civic infrastructure.The mission is in force in 4041 statutory towns as per the Census data of 2011. The government hopes that this project will be successfully addressing the need for quality and affordable housing in India that has a longstanding problem of increasing population and homelessness. There are two categories of PMAY:-Pradhan Mantri Awas Yojana Urban (PMAY-U)Close -Pradhan Mantri Awas Yojana Gramin (PMAY-G) related news How to apply for Pradhan Mantri Awas Yojana (PMAY) online or offline Managing Money with Moneycontrol | Here’s how an 18-year-old should start investing How to evaluate your risk appetite? Under … [Read more...] about PMAY Urban: All about Pradhan Mantri Awas Yojana for urban online
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There are a lot of ways to get around Miami. If plan to visit Coconut Grove, you could take the Metrorail. If you need to be somewhere downtown, you could hop on a Bolt electric scooter. Say you want to enjoy a nice bike ride along South Beach, Citi Bike docking stations line the way. And even if you need a rental car to leave the area, there’s Getaround, a peer-to-peer car-sharing platform. And now, taking any of these transportation options not only means you’re commuting car-free, it means you’re racking up rewards you can cash in for your next commute, like Lyft promo codes or a free half hour on a Citi Bike, the city’s bike-share system. advertisement advertisement That’s thanks to Velocia, a new app that has officially debuted in Miami and works as a public-private partnership with different mobility services. Miami-Dade public transit, Bolt e-scooters, Citi Bikes, Getaround car sharing, and SwiftSeat carpooling are all partners, … [Read more...] about This app rewards commuters for choosing public transit, biking, car sharing, or walking over driving
Systematic investment plans, better known as SIPs, are in the news again. This time for showing a rise in their collections in the first quarter of FY19 despite volatile markets.According to the Association of Mutual Funds in India, in April-June of FY19, the 43-player industry collected a total of Rs 21,548 crore through SIPs, 58 percent higher than the Rs 13,597 crore collected in the same period last year.AMFI data also shows that the MF industry added 9.83 lakh SIP accounts on an average during the first quarter of FY19, with an average size of around Rs 3,300 per SIP account as compared with Rs 3,250 last year.Close At present, domestic mutual funds have about 2.29 crore active SIP accounts, through which investors regularly invest in Indian MF schemes.Himadri BuchAssistant Editor|Moneycontrol.com AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension … [Read more...] about What is driving SIP inflows even when equity markets are volatile?
Salary delays are the biggest reason for loan defaults by individual borrowers, followed by business downturns, says a survey.The survey comes months after official data showed that unemployment is at a four-decade high, the pace of economic growth slipping to a six-year low, and banks increasingly rely on retail loans to expand books as corporate credit demand is a far cry."The current slowdown is affecting debt recovery across the country," Paytm-backed financial technology firm Creditmate said in a report on Monday.Close The report, based on the analysis of 2 lakh loans from 40 banks across 30 states over the past six months, has found that salary delays are the major culprit for the delayed repayments in as much as 36 percent of the cases, followed by business downturns at 29 percent. related news Walmart launches training programme for MSMEs Exclusive | Bharti Airtel picks Axis Capital, JP Morgan, Citi as advisors for FY20's biggest QIP International airlines make a … [Read more...] about Salary delays, business downturns top reasons for loan defaults: Survey
Finland's transportation minister Sanna Marin was selected by her Social Democratic party on Sunday to become the country's youngest prime minister ever, taking over after the resignation of Antti Rinne.The 34-year-old Marin, whose party is the largest in a five-member governing coalition, will be the world's youngest serving prime minister when she takes office in the coming days.Rinne resigned on Tuesday after a party in the coalition, the Centre Party, said it had lost confidence in him following his handling of a postal strike.Close "We have a lot of work ahead to rebuild trust," Marin told reporters after winning a narrow vote among the party leadership. Antti Lindtman, head of the party's parliamentary group, was runner up. related news China says hopes it can reach trade agreement with US as soon as possible South Africa's Zozibini Tunzi named Miss Universe 2019 Marin has had a swift rise in Finnish politics since becoming head of the city council of her industrial … [Read more...] about Finland’s Social Democrats name Sanna Marin to be youngest ever prime minister