We need a complete hearing to answer critical questions about contamination under the Eden Housing site.
Livermore City Council approved $245,000 thousand dollars for more testing. This is just the tip of the iceberg. Clean-up activities will require a separate contract. Clean-up would involve the installation and monitoring of extraction wells, blowers, and possible soil excavation. What are total cleanup costs, including monitoring for several years? A million? More than a million? The City report says funding will come from Capital Improvement Funds. But who funds Capital Improvement Funds? Does this come from the General Fund? If so, this means current residents -not Eden - are going to pay for clean-up. Residents may want their tax dollars to be spent on other projects. We need a complete breakdown of funding sources and amounts. Â
A rebound in US stocks following a three-day rout and easing of US bond yields and inflationary concerns may give domestic stocks a positive start on Friday. Upbeat sentiment in other Asian markets, and back home, data showing an improvement in factory output and fall in retail inflation may help stocks log gains.
Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 172.5 points, or 1.19 per cent, higher at 14,680, signaling that Dalal Street was headed for a positive start on Friday.
Tech view: Nifty resistance at 15,000-15,050
Nifty on Wednesday fell below the 14,700 level, and in the process breached a few crucial supports, including the 50-day moving average. The index ended up forming a Bearish Belt Hold pattern, which suggested bear domination over the bulls. Analysts said the next support for the index lies in the 14,620-14,600 range. They continue to see resistance for the index in the 15,000-15,050 zone.
The residential project - 'Rivali Park', situated in suburban Mumbai, was the first housing project in the country to have received funding under the government's SWAMIH Fund.
Finance Minister hands over first batch of 640 houses funded under special window
May 13, 2021
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Over 12,600 flats will be completed in coming year under the scheme for stalled projects
Over 640 home buyers, under a Central-government funded affordable and middle income housing scheme, took delivery of their houses on Thursday.
Over the next one year over 12,600 flats will be handed over under the scheme, Special Window for Affordable & Mid-Income Housing Fund , a last mile funding facility sponsored by the Central Government. It has supported over 26 projects all over the country
On Thursday, Finance Minister Nirmala Sitharaman virtually handed over the keys to the 640 home buyers under the first project funded under the special window. The project Rivali Park in Mumbai got around funding of ₹120 crore and completed the project in one year.
The infrastructure sector is expected to get a significant push as it is pivotal to put the economy back on a growth trajectory.
In the last budget, the government had launched National Infrastructure Pipeline (NIP) that envisaged completing 7,300 projects valued at Rs 111 lakh crore by 2025. However, raising Rs 20 lakh crore every year for these projects will be an enormously challenging exercise.
Analysts expect finance minister Nirmala Sitharaman to announce a development finance institution (DFI) to fund infrastructure projects in segments such as housing and construction that will have high multiplier effects and a major employment generator.
The institution is expected to be created by merging some existing financial institutions to meet the long-term needs of new, stalled, and work-in-progress projects.