The Union Housing and Urban Affairs Ministry has set up a 14-member committee headed by former NITI Aayog CEO Amitabh Kant to examine issues related to stalled real estate projects and recommend various ways for their completion. According to an order issued by the ministry on March 31, the committee will submit its report within six months from the date of its first meeting. The 14-member panel will deliberate on the issues of legacy stalled projects and suggest ways to complete and hand over these projects to homebuyers in a time-bound manner, the order states. The Central Advisory Council chaired by Union Housing and Urban Affairs Minister Hardeep Singh Puri had decided on forming such a committee about a year ago. The committee comprises top central and state government officials, including the secretary in the department of financial services in the Union Ministry of Finance, the principal secretary of the housing and urban planning department of Uttar Pradesh and the chairper
Experts believe merely replacing the state planning boards with such bodies won't make them effective
India needs to form Green Hydrogen Corridors and governments can look at providing grants to startups as well as support entrepreneurs to promote green hydrogen, NITI Aayog said on Wednesday. In a report titled 'Harnessing Green Hydrogen - Opportunities for Deep Decarbonisation in India', the Aayog also suggested that there is a need to facilitate investment through demand aggregation and dollar-based bidding for green hydrogen. "Three hydrogen corridors should be developed across the country based on state grand challenges ... The governments can provide grants and loans to startups and projects, support entrepreneurs through incubators and investor networks, and put in place regulations that manage first-mover risks, " the report said. The government can also use public procurement and purchase incentives (for green hydrogen) to create demand in niche markets and crowd in private investment, it added. The report suggested that the government should promote export of green hydrog
NITI vice-chairman says staff to work from remote locations
NITI Aayog action plan: Three-year plan replaces five-year Plans from this Financial year