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of <h1>Finance Bill 2018 proposes NHB Act changes: shifts ownership to government, updates legislation, alters board structure.</h1> The Finance Bill, 2018 proposes amendments to the National Housing Bank Act, 1987, including the removal of references to the Reserve Bank of India, transferring ownership of the National Housing Bank to the Central Government. The amendments suggest relocating the head office to New Delhi or another location designated by the Central Government and increasing the authorized capital to up to two thousand crore rupees. Additionally, the number of Reserve Bank directors on the Board is reduced from two to one. References to older legislation are updated to the Companies Act, 2013, and the Foreign Exchange Management Act, 1999.
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