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of <h1>Finance Bill 2018: National Housing Bank Ownership Shifts to Central Government; Key Amendments Proposed</h1> The Finance Bill, 2018 proposes amendments to the National Housing Bank Act, 1987, transferring ownership of the National Housing Bank from the Reserve Bank of India to the Central Government. This includes substituting references to the Reserve Bank with the Central Government throughout the Act. The amendments also propose relocating the head office to New Delhi or another location specified by the Central Government, increasing the authorized capital to up to two thousand crore rupees, and reducing the number of Reserve Bank directors on the Board from two to one. Additional updates align references with the Companies Act, 2013, and the Foreign Exchange Management Act, 1999.
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