The Union Ministry of Housing and Urban Affairs under its flagship Pradhan Mantri Awas Yojana (Urban) has approved the construction of 1,86,777 more affordable houses.The approval was given at the 30th meeting of the Central Sanctioning and Monitoring Committee.
- Pradhan Mantri Awas Yojana (Urban) is a new version of Prime Minister’s Housing For All by 2022 vision and provide houses to all poor in urban areas by 2022.
- The main objective of this Yojana is to cover entire urban area consisting of 4041 statutory towns with initial focus on 500 Class I cities.
- Beneficiaries of this scheme are Poor people (BPL) and People living under Economically Weaker Sections (EWS) and LIG (Low income Group) categories in urban establishments of country and also benefitted to people living under MIG (middle income Group).The Government will provide subsidy ranging between 1 lakh to 2.30 lakh to people from above categories in order to make them secure.
- The latest approvals under under Pradhan Mantri Awas Yojana, PMAY (Urban), entailed an investment of Rs 11,169 crore with central assistance of Rs 2,797 crore followed by Haryana which has been sanctioned the maximum number of 53,290 houses in this round of approval.Other states include Tamil Nadu 40,623 houses, Karnataka 32,656 houses and Gujarat 15,584 houses.
- The total number of houses being funded under PMAY (Urban) has reached over 39.25 lakh after subsuming projects of previous government’s housing scheme ‘Rajiv Awas Yojana (RAY).
The Global Innovation Policy Center (GIPC) of the U.S. Chamber of Commerce (Intellectual Property Index) stated that India ranked 44th of 50 economies – a jump from 43rd of 45 economies one year ago – improving its performance both in relative and absolute terms in its annual International IP Index. The Intellectual Property Index released as a part of annual report prepared by the Global Innovation Policy Center (GIPC) of the US Chambers of Commerce.
Key Points: Intellectual Property Index
- An index has been released by The Global Innovation Policy Center (GIPC) of the U.S. Chamber of Commerce as a part of annual report.Based on 40 unique indicators that benchmark activity critical to innovation development surrounding patent, copyright, trademark and trade secrets protection,The report analyses IP climate in 50 world economies.
- India’s overall score has increased substantially from 25% (8.75 out of 35) in previous year to 30% (12.03 out of 40) in latest edition.
- ‘Guidelines on the Examination of Computer-Related Inventions’ issued by India in July 2017 has significantly improved patentability environment for technological innovations.India’s ranking reflects relatively strong performance in new indicators as well as positive reform efforts on patentability of computer-implemented inventions (CIIs) and registration procedures for well-known marks.
- For the first time, India has broken free of the bottom ten percent of economies measured, and its score represents the largest percentage improvement of any country measured. This is further evidence of a country on the move,”reported by Patrick Kilbride, vice president of GIPC.
- India also continued to rise in the 2017 Global Innovation Index (GII) rankings for the second year in succession, after four consecutive years of decline.