Existing floating home loan customers groaning under high interest rates can look forward to a more cheery New Year. After setting interest rates at 9.25% for new home loans between Rs 5 lakh and Rs 20 lakh, rates for existing home loans will be reduced as the PLR (prime lending rate) comes down. Home minister […]
Tag: Manmohan Singh
Real Estate Firms Look At Diaspora
November 17, 2008 – 4:30 am
In these times of economic slowdown, Indian companies, especially real estate firms, are looking at diaspora in the Middle East for investment. The government kick-started a series of “investment meets” last week in Muscat that had major Indian firms hard selling India’s economic stability to the diaspora. The Muscat meeting, held under the aegis of […]
Growth may slow down
November 10, 2008 – 5:17 am
MUSCAT:Prime Minister Manmohan Singh on Sunday conceded that economic growth may slow down “somewhat” next year but said the fundamentals of the economy were strong and the banking system was safe and sound. Addressing the Indian diaspora and the business community at two functions on the second day of his two-nation tour, the Prime Minister […]
Capital won’t be issue for big realtors
November 8, 2008 – 1:29 am
Fund-starved realtors may heave a sigh of relief. Banks are now considering loans to this sector on case-to-case basis, especially for those facing genuine liquidity problems. The move follows Prime Minister Manmohan Singh’s assurance to the industry that liquidity should not be a problem for companies having good fundamentals. Leading bankers have started asking developers […]
