Tag: Ministry of Finance

IndustryLatest Stories

SWAMIH Fund Aids Completion of 61,000 Stalled Homes

NEW DELHI: The Special Window for Affordable and Mid-Income Housing, a government-supported stress fund, has successfully completed over 61,000 homes in stalled projects as of December 15. The fund is expected to deliver more than 100,000 homes, benefitting over 400,000 individuals, the Finance Ministry stated. “Demonstrating effective deal execution and responsible capital use, the fund has fully committed its entire investable corpus ahead of the investment period ending on December 5, 2025. “The fund’s portfolio includes over 145 projects across 30 cities, establishing SWAMIH (Special Window for Affordable and Mid-Income Housing) as the largest residential-focused stress resolution platform in the…

Latest StoriesRegulatory

Delhi HC Challenges DDA’s Retroactive GST on Property Conversion

NEW DELHI: A resident of Delhi has challenged the standard operating procedure (SOP) of the Delhi Development Authority (DDA) in the high court. This SOP retroactively imposes goods and service tax (GST) on the conversion of leasehold properties into freehold. This move from the DDA could affect property owners who converted their properties to freehold after the Central Goods and Services Tax (CGST) Act came into effect in 2017. The high court is set to hear the case on Friday. The petitioner, Mala Sahni Seth, has also included the Ministry of Finance, the Central Board of Indirect Taxes and Customs,…

Latest StoriesRegulatory

SC asks Centre, SEBI about Sahara firm’s property sale to Adani

NEW DELHI: The Supreme Court has requested responses from the Centre, the Securities and Exchange Board of India (SEBI), and other stakeholders regarding a petition by Sahara India Commercial Corporation Ltd (SICCL) to sell 88 prime properties to Adani Properties Private Limited. A special bench led by Chief Justice B R Gavai, along with Justices Surya Kant and M M Sundresh, reviewed the interlocutory application related to the Sahara Group’s refund obligations. The bench, acknowledging Solicitor General Tushar Mehta’s submissions, directed that the Union Ministries of Finance and Cooperation be added as parties to these proceedings and requested their response…