Latest StoriesResidential

Centre: Andhra Pradesh Did Not Request PMAY-U 2.0 Homes for Amaravati

VIJAYAWADA: The Union government has informed Parliament that the Andhra Pradesh government did not submit requests for housing under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 for eligible impoverished families in the Amaravati Capital Region, although they did put forward housing proposals for other urban local bodies in the state. In written responses to queries from YSRCP MPs Maddila Gurumoorthy in the Lok Sabha and Meda Raghunath Reddy in the Rajya Sabha, the Ministry of Housing and Urban Affairs disclosed that it approved 61,084 houses under PMAY-U 2.0, allocating central funding of Rs 882.32 crore based on the proposals provided…

Latest StoriesRegulatory

Parliament amends IBC to speed up resolution and cut backlog

NEW DELHI: On Wednesday, Parliament passed amendments to the Insolvency and Bankruptcy Code (IBC), aimed at expediting resolutions, decreasing case backlog, and enhancing the financial ecosystem. The Rajya Sabha approved the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, through a voice vote, having received Lok Sabha approval on March 30. During a brief discussion in the Rajya Sabha, Finance Minister Nirmala Sitharaman remarked that the IBC has positively impacted the health of the Indian banking sector and facilitated asset recovery. Sitharaman, also the Minister of Corporate Affairs, stated that the government accepted all 11 recommendations proposed by a Lok Sabha…