Finance ministry ropes in NBCC to build houses for officers -Governance Now

Finance ministry ropes in NBCC to build houses for officers

Urban development ministry earmarks 3,519 square metre of land In New Delhi to build 90 flats

GN Bureau | February 24, 2018

#Finance Ministry #NBCC #PSU

Department of Economic Affairs (DEA) and National Buildings Construction Corporation Ltd (NBCC) have signed an agreement for the construction of housing project for Indian Economic Service (IES) officers.

For this, the urban development ministry has allotted 3,519 square metre of land on Deen Dayal Upadhyay Marg in the national capital to build 90 flats for the officers.

The government has approved the said plan because of dearth of houses under the government general pool accommodation, particularly for junior-level officers.

NBCC has been roped in by the ministry of finance as the project management consultancy for the project.

Finance minister Arun Jaitley said that it was a joyous opportunity that the pact between the DEA and NBCC was seeing the light of the day. He also conferred awards to IES officers who won the Research Promotion Scheme and said that he hoped the scheme continues every year so that the interest in scholarship is alive and going.

The evaluation panel, which is headed by the Chief Economic Adviser, has selected the four best research papers, out of twelve received in the first year after institution of the scheme.

Comments

Other News

Report of India’s G20 Task Force on Digital Public Infrastructure released

The final ‘Report of India’s G20 Task Force on Digital Public Infrastructure’ by ‘India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development’ was released in New Delhi on Monday. The Task Force was led by the

How the Great War of Mahabharata was actually a world war

Mahabharata: A World War By Gaurang Damani Sanganak Prakashan, 317 pages, Rs 300 Gaurang Damani, a Mumbai-based el

Budget expectations, from job creation to tax reforms…

With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget presented in February was a typical vote-on-accounts, allowing the outgoing government to manage expenses in

How to transform rural landscapes, design 5G intelligent villages

Futuristic technologies such as 5G are already here. While urban users are reaping their benefits, these technologies also have a potential to transform rural areas. How to unleash that potential is the question. That was the focus of a workshop – “Transforming Rural Landscape:

PM Modi visits Rosatom Pavilion at VDNKh in Moscow

Prime minister Narendra Modi, accompanied by president Vladimir Putin, visited the All Russian Exhibition Centre, VDNKh, in Moscow Tuesday. The two leaders toured the Rosatom Pavilion at VDNKh. The Rosatom pavilion, inaugurated in November 2023, is one of the largest exhibitions on the histo

Let us pledge to do what we can for environment: President

President Droupadi Murmu on Monday morning spent some time at the sea beach of the holy city of Puri, a day after participating in the annual Rath Yatra. Later she penned her thoughts about the experience of being in close commune with nature. In a message posted on X, she said: