GDP growth
Non Performing Assets or NPAs are on the increase of over Rs.1000 crore over the 6 months duration of the calendar 2014. The default payment by the home loan customers are on the rise. Around Rs.6200 crores is said to be the total of the various banks lending such loans to the customers. Details According [...] Continue Reading »
In the latest monetary review offered by the Reserve Bank of India on 30th September 2014, the repo rate was kept unchanged at 8% since it was last announced in January 2014. The unchanged repo rate announced by the Reserve Bank of India on 30th September, 2014 at the rate of 8% has been viewed [...] Continue Reading »
The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...] Continue Reading »
The service sectors of India are facing severe deceleration as there has been only 4.7% of GDP growth in the year 2013-14. The second year has seen 5% growth. Compared to the previous year, there has been only a little growth in the service sector. This is also sharply lower than the 9% growth in [...] Continue Reading »
In a move to help the real estate sector, government is planning to give industry status to the real estate infrastructure sector. This move will help the real estate sector to get access to cheaper finance from banks. The proposal for industry status has already been submitted to the finance ministry for its consideration. Getting [...] Continue Reading »
Pradeep Jain the Chairman of the Confederation of Real Estate Developers’ Association of India (CREDAI) and chairman of Parsvnath Developers reported saying that they were not expecting in sales during the festive season. However the good buying in the festive season is the main mantra, but these rate increases have resulted in the cost of funds [...] Continue Reading »
