RBI
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
If you have money to invest, chances are that you will be in a position to enjoy the RBI’s recent hike in remittances. Due to the stability in the foreign exchange market, the RBI has decided to relax the credit limit as per the liberalised remittance scheme (LRS) and has hiked remittances, and this will [...] Continue Reading »
Reports reveal a significant drop in consumer inflation rates at 5.52 % in October. It is the lowest since February 2008. The previous consumer price index for urban dwellers had its lowest inflation rate in February 2008 and the significant lowering has been recorded once again in October at the rate of 5.52%. This report [...] Continue Reading »
According to a report released recently by Bank of America Merrill Lynch (BofA-ML), despite the appreciation in the US dollar (USD), the Indian rupee will likely trade in the range of between Rs 58 and Rs 62 per dollar; thanks largely to the fact that global oil prices have softened and curbs have been imposed [...] Continue Reading »
The Finance Minister Arun Jaitley on Saturday assured the investors that the government was committed to taking business-friendly measures. This was done a day after the official data showed the economic growth in the first quarter of the current financial year was better than expected. He suggested these steps, such as increasing the cap on foreign investment in insurance and [...] Continue Reading »
The Reserve Bank of India (RBI) has said about 36 % of the overall 4.1 % bad assets in the system have been created by the six sectors of the economy – infrastructure, metals, textiles, chemicals, engineering and mining. The central bank stated that these sectors, though, have only 30 % of the credit share [...] Continue Reading »
The real estate industry body CREDAI (The Confederation of Real Estate Developers’ Association of India) has explained about a few things which will bring cheer to the ailing sector. According to CREDAI, the string of measures announced for the real estate sector in the recent times will give a boost to the industry and will [...] Continue Reading »
The Reserve Bank of India (RBI) apparently has plans underway to relax the restrictions under the Foreign Exchange Management Act (FEMA); in an apparent attempt to enable non-resident Indians (NRIs) to purchase property in India jointly with their spouse holding foreign passports. RBI executive director G Padmanabhan has called for a review of the existing rules [...] Continue Reading »
BharatiyaJanata Party-led NDA government has always considered infrastructure development in its top priorities. This ruling party came in power in April-May general election on the promise of stimulating slumped economic growth. However statistics don’t always tell the detailed story, they rather provide detailed outline of the story. As per the statistics from Centre for Monitoring [...] Continue Reading »
The global rating agency Moody in its report mentioned that the Reserve Bank of India (RBI) new regulations which were issued last week which allowed the banks to issue long-term local currency bonds are considered as ‘credit positive’. Moody’s vice-president SrikanthVadlamani and associate analyst Nick Caes giving further insight on this development mentioned that these [...] Continue Reading »
