News Overview

The low interest rates have been a crucial factor in the revival of the demand in the real estate sector in recent times and hence upsetting the current momentum would have been highly detrimental to the overall economic recovery

Indias Finance Ministry has released the 1st monthly installment of post devolution revenue deficit grant of over seven thousand Rs 183 crore to 14 States. The grants are released to meet the gap in Revenue Accounts of the States post-devolution. The Ministry said the Commission has recommended a total post devolution revenue deficit grant of Rs 86,201 crore to 14 States for the financial year […]

Today's announcement by the Reserve Bank of India to rationalize the risk weightage on housing loans and link them to loan-to-value (LTV) ratios till March 2023, will boost the nation’s real estate sector.

Growth is projected to be lower (7.2%) and inflation higher (5.7%) as compared to February outlook.

The central bank had already begun normalising its policy last fiscal by absorbing excess liquidity through variable rate operations

Oil & Natural Gas Corpn announced that in accordance with the approval given by Government of India on 29 March 2022, the President of India, acting through Ministry of Petroleum and Natural Gas, Government of India has proposed to offer up to 94,35,209 equity shares of face value of Rs 5/- each to the eligible employees of the Company at a price of Rs 159.80/- […]

The April review was decidedly more nuanced and cautious in the assessment and guidance with the RBI acknowledging upside risks on inflation and taking measured steps to exit from the extremely accommodative policy stance.

The repo rate currently stands at 4 per cent and the reverse repo rate has been maintained at 3.35 per cent.

The board of Sindhu Trade Links has recommended bonus issue of shares in the ratio of 2:1.

The higher inflation projection and shifting of policy corridor to SDF would lead to higher bond yields