• The government may consider amendments in the real estate law RERA, if required, to
    make it more effective, Housing and Urban Affairs Secretary Durga Shankar Mishra
    said. He said that the Housing and Urban Affairs Ministry will soon take up the model
    tenancy law to the Cabinet for approval and then the same will be circulated to states
    for implementation.
  • There is a need to establish a dedicated team for implementing technology innovations
    to solve business problems in the real estate sector, according to a Naredco-KPMG
    report.
  • The report, which was released on the 15th national convention of NAREDCO-Housing
    for all 2022 “Real Estate Inflection point: Readying for the future”, said that to enable
    technology adoption in the real estate sector, a strategy should be developed for
    leveraging innovation to achieve strategic business objectives.
  • The Finance Ministry is contemplating to set up stress fund for various infrastructure
    sectors, including real estate and power, Housing and Urban Affairs Secretary Durga
    Shanker Mishra said.
    Finance Minister Nirmala Sitharaman had already held consultations with various
    stakeholders, including industry, banks, homebuyers, real estate players and capital
    market participants, to firm up steps that could be taken to deal with problems being
    faced by them.
  • The coal ministry’s standing committee on linkage has approved fresh fuel supply to
    upcoming power generation units in Tamil Nadu having capacity of 2,400 MW.
    The two under-construction power plants, North Chennai Thermal Power Station
    Stage-III (800 MW) and Uppur Super Critical Thermal Power Project (1,600 MW), had
    sought domestic coal linkages under the Centre’s Shakti scheme.
  • The panel also recommended coal linkages from CIL to Gujarat, Uttar Pradesh and
    Madhya Pradesh under the Shakti scheme. It also directed CIL to earmark 10 million
    tonne per year of coal for three years for power plants which would sell electricity
    through the central government’s so-called Pilot scheme-2 to salvage private
    generating stations without power purchase agreement. However, coal
    allocation to plants under the Shakti scheme is contingent on approvals of other
    authorities.

  • The Coal Ministry is hopeful of domestic production from auctioned mines to reach pre-
    cancellation levels when the current financial year comes to an end. The Supreme
    Court had cancelled allocations of 208 coal blocks in August 2014. This included 42
    coal producing mines.
  • After its foray into the steel business, Vedanta is expecting to be in line with the top
    three-four steel makers in India. It has been planning to expand its steel capacity to 10
    million nonnes per annum from the present 1.5 million nonnes per annum in the next
    five to six years.
  • Shortly after acquiring Electrosteel Steels (ESL), a primary producer of steel, Vedanta
    announced capacity expansion of the Bokaro plant in phases, with an investment of $3-
    4 bn. But ESL needed to make a turnaround before any capacity expansion could take place.
    And this was achieved through operational and commercial initiatives and rebranding of
    products
  • During the financial year 2018-19, the production stood at around 1.2 million tonnes
    registered 17% year-on-year growth.
  • Steel makers are ramping up capacity given the growth in consumption that the coming
    years are likely to witness