The Deepak Parekh committee to look into various aspects of providing affordable housing was set up in which year?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1: 2008.
Explanation:
- The Deepak Parekh Committee was constituted by the Government of India in the year 2008 to examine various aspects of providing 'Affordable Housing' and to offer recommendations.
- Objective: The primary mandate of this committee was to recommend financial and policy measures to address the shortage of affordable housing in urban areas.
- Key Recommendations: * Promoting Foreign Institutional Investment (FII) in housing finance.
- Permitting 'External Commercial Borrowings' (ECB) for affordable housing projects.
- Construction of low-cost housing units through the Public-Private Partnership (PPP) model.
- Impact: The recommendations of this committee subsequently played a pivotal role in shaping the framework for major schemes such as the 'Pradhan Mantri Awas Yojana' (PMAY).
Other Important Committees Related to Housing and Infrastructure (Quick Revision):
- H. Khan Committee: On the regulatory framework for Housing Finance Institutions.
- Deepak Parekh Committee (Infrastructure): In 2012, the committee also submitted a significant report on the financing of the infrastructure sector.
- Kasturirangan Committee: On urban planning and land policies.
Important Questions for Upcoming Examinations:
Question: In which year was 'Affordable Housing' accorded the status of 'Infrastructure'?
Answer: In the Budget of 2017-18.
Question: In which year was the 'Pradhan Mantri Awas Yojana (Urban)' launched?
Answer: In 2015.
Question: Who is the current Minister of Housing and Urban Affairs?
Answer: Manohar Lal Khattar.