Govt committed to Housing For All by 2022: President in Budget address

The budget session of Parliament began today with President Pranab Mukherjee addressing joint session of both the houses.

"Inclusive growth covering the poorest of poor is the government's top priority," Mukherjee said while addressing the members of two houses of parliament at the start of the budget session. ?"My government will work for marginalized section of society," he said.

"Housing is a fundamental requirement for dignified living. My government is steadfast in fulfilling the aspirations of all households, particularly the poorest of the poor, to have a dwelling unit under the Mission Housing for All by 2022, marking 75 years of our independence," President said charting government's key intentions.

He said the government was streamlining scholarship schemes concerning the Scheduled Castes and Scheduled Tribes and minorities to ensure their timely disbursement. He said the government was fully committed to expand the job market and bring transparency and accountability in enforcing labour related regulations.

President also stressed that the government was determined to give India's economic growth a big push. Government has taken a number of measures to stop generation of black money, President highlights in his address.

He also outlined that the government was committed to promote cooperative federalism and end financial "untouchability" to enhance the ease of doing business in India. Mukherjee said the government was working to ensure "promoting cooperating federalism" and encourage "competitive spirit among the states".

Underscoring the importance of "tapping the demographic dividend", Mukherjee said the government has initiated measures "to stimulate action in a range of fields from sanitation to smart cities, poverty elimination to creation of wealth".
Highlighting the government's achievements so far, the president said the government was working to enhance the ease of doing business in India and put in place a stable policy framework.

He also said the government was working to make India a manufacturing hub by ending financial untouchability as well as containing inflation and stimulate economy.

Land acquisition bill

Hinting at the government's intent to seek a consensus on passing the land acquisition bill, President Pranab Mukherjee Monday said the interest of farmers and land owners has been protected in the fine-tuning of the bill.

"Protecting the interest of the farmers, their right to fair compensation, rehabilitation, resettlement and financial compensation has been refined," Mukherjee told the joint sitting of parliament on the opening day of the budget session.

"Land acquisition is required for critical public projects like rural hospitals and schools," he added.

In December, by an executive ordinance the government made significant changes in the Land Acquisition Act, including removal of a consent clause for acquiring land for purposes of industrial corridors, public-private partnership projects, rural infrastructure, affordable housing and defence.

The Bill is likely to be introduced in the ongoing session to replace the ordinance.

New tourism policy

"A new tourism policy is on the anvil," Mukherjee said in his address to the members of two houses of parliament at the start of the budget session.

The budget session contains 44 items of financial, legislative and non-legislative business. The bills replacing ordinances on raising the foreign investment limit in insurance, auctioning coal mines and changing the rules of land acquisition are some of the important legislations scheduled to be tabled during the session.

The Juvenile Justice (Care and protection of Children) Bill, The Labour Code on Wages Bill , The small factories (regulation of employment and condition of services) Bill, and The Labour Code on Industrial Relations Bill are also likely to come up during the session.

Source:http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/govt-committed-to-housing-for-all-by-2022-president-in-budget-address/80516.html