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House assistance

House assistance

Let AI invade your news

Arjun Prasaath A
June 11, 2024

Salutations, fellow inhabitants, let’s see what is in store!

Heres whats going on in 🇮🇳

Expansion of Housing Assistance
Center Releases Cash
Unity in Diversity

Government Expands Housing Assistance to an Additional Three Crore Households

The government will provide assistance to three crore additional rural and urban households under the Pradhan Mantri Awas Yojana, bringing the total number of beneficiaries to 4 crore 21 lakh.

Why it's important: The expansion of the scheme will provide affordable housing to a significant number of low-income families in both rural and urban areas.

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Centre Releases ₹1.3 Lakh Crore in Tax Devolution to States

Video | Centre Authorises Release Of Rs. 1.39 Lakh Crore Tax Devolution To States For June

The Centre on Monday authorised the release of tax devolution of Rs. 1,39,750 crore to states for June. It was decided that apart from the regular release of the devolution amount for June 2024, one additional instalment will be released, the Finance Ministry said in a statement. "This cumulatively amounts to Rs. 1,39,750 crore in the current month. This will enable State Governments to accelerate development and capital spending," it added.

The Centre has released ₹1,30,750 crore to states as tax devolution, including the regular June allocation and an additional installment. This brings the total devolution for FY2024-25 to ₹2,79,050 crore.

Why it's important: The release aims to strengthen state governments' capacity for development and capital expenditure.

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RSS Chief Calls for Cooperation, Unity in Diversity

RSS Chief Mohan Bhagwat emphasizes the need for cooperation between ruling and opposition parties and respect for religious diversity.

Why it's important: Underlines the importance of consensus, mutual respect, and diversity for a healthy democracy.

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Global Chronicles 🌐

India enthusiastically welcomed new BRICS members Egypt, Iran, UAE, Saudi Arabia, and Ethiopia at the first ministerial meeting following the 2023 expansion.
Experts at a 'Future is Exciting' seminar emphasized AI's transformative potential in job creation and healthcare access.

Market Movers 🤑

Equity mutual funds inflows surged to a record 34,697 crore rupees in May, marking an 83.42% increase from the previous month.
The Reserve Bank of India has formed a committee to explore setting up a Digital Payments Intelligence Platform to combat payment fraud risks, with recommendations expected within two months.

Sports Spectacle 🏅

South Africa scrapes by Bangladesh with another close win, solidifying their lead in the group stage.
India's thrilling 6-run win over Pakistan in the T20 World Cup was sealed by Jasprit Bumrah's Player of the Match performance, restricting Pakistan to 113/7 while chasing 120.

Meme of the day

Thank you for being awesome readers and staying informed with our news updates! We look forward to having you join us again on the next one for more exciting stories.

Stay curious and keep smiling!
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