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of <h1>Finance Bill 2018 Proposes NHB Ownership Shift to Central Government, HQ Move, and Capital Increase to 2000 Crore</h1> Clauses 159 to 174 of the Finance Bill, 2018 propose amendments to the National Housing Bank Act, 1987. These amendments include transferring ownership of the National Housing Bank from the Reserve Bank of India to the Central Government and changing the head office location to New Delhi or another specified place. The Central Government is empowered to increase the authorized capital up to two thousand crore rupees. The number of Reserve Bank directors on the Board is reduced from two to one. References to older acts are updated to the Companies Act, 2013 and the Foreign Exchange Management Act, 1999.
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