November 28, 2008 – 10:56 am
India’s economic growth declined to 7.6% for the second quarter of this fiscal, leaving industry with the hope that policy measures taken over the past month will avert a further fall and help revive manufacturing.
The country’s growth was 7.9 percent during the first quarter of the fiscal (April-June) and 9.2% during the second quarter of [...]
By Rajani
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Posted in Real Estate News
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Also tagged Applied Economics, Bank Of India, Central Statistical Organisation, Current Fiscal Year, Delhi School Of Economics, Economic Depression, Economics Research, Finance Minister, Fiscal Year Ending March, Global Economic Slowdown, Indian Economy, Manmohan Singh, Policy Measures, Prime Minister Manmohan, Prime Minister Manmohan Singh, Rbi Governor, Reserve Bank Of India, Sri Ram, Subbarao
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November 15, 2008 – 5:10 am
The Indian government is trying hard to bring down the interest rates in order to counter the economic slowdown. Indian finance minister, Mr. P. Chidambaram, met with heads of private as well as PSU banks and advised them to lower lending rates.
Expectedly, several public sector lenders were first to follow the advise. SBI have lowered [...]
By Rajani
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Posted in Real Estate News
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Also tagged Allahabad Bank, Bank Of Baroda, Bank Of Commerce, Bank Of India, Bps, Central Bank Of India, Citibank, Dena Bank, Economic Slowdown, Foreign Banks, Home Loan, Indian Finance Minister, Indian Government, Oriental Bank Of Commerce, Plr, Prime Lending Rates, Psu Banks, Public Sector Banks, Syndicate Bank
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November 15, 2008 – 4:59 am
Finance Minister P Chidambaram has asked the US and Europe to “set their house in order” to reverse the impact of the financial crisis on economies worldwide and help capital to flow back to developing nations.
“If they (US and Europe) set their house in order, surely capital will flow back to developing countries credit will [...]
October 31, 2008 – 1:38 am
Taking strong exception to industry chamber Assocham’s forecast that a quarter of people in certain key sectors will lose jobs in the next ten days, government today said the economy is poised for the other way.
“The Deputy Chairman of the Planning Commission and my colleague Jairam Ramesh (Minister of State for Commerce) have taken serious [...]
October 21, 2008 – 2:11 am
RBI has cut the repo rate by 100 bps to 8%. This is effective immediately. The Finance Minister, P Chidambaram said that the repo rate cut will help in moderating inflation. This is a positive move which will enthuse both borrowers and investors, Mr. Chidambaram added. The RBI’s move is consistent with the government’s aim [...]
By Rajani
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Posted in Real Estate News
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Also tagged Borrowers, Finance Minister, Global Markets, Inflation, Investors, Liquidity, Loan Rates, Realtors, Realty Companies, Stock Markets, Stock Prices
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February 13, 2008 – 12:04 am
A day after public sector banks led by State Bank of India cut interest rates; Finance Minister P Chidambaram raised hopes of another round of cuts. It is known that in last month bankers waited before acting on Chidambaram’s suggestion. This time they appeared more cooperative, saying there was scope for fresh cuts. During a [...]
January 30, 2008 – 4:35 am
29 January 2008, New Delhi. Mr. P Chidambaram, Finance Minister of India, said on Tuesday that the coming budget could be harsh on the people. He is going to present the union budget in February. Mr. Chidambaram was asked about the tax cuts in the forthcoming budget, when he was attending an award ceremony. Mr. [...]
January 28, 2008 – 5:41 am
Jan 09, New Delhi: Finance Minister P Chidambaram received two contradictory suggestions from economists and industrialists. “Given the circumstances that there a number of fiscal stress points in the offing, like oil bonds, MSS, pay commission, it is not prudent to start thinking of reducing tax rates,” Standard & Poor’s Chief Economist (Asia-Pacific) Mr. [...]
By Rajani
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Posted in Real Estate News
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Also tagged Advalorem, Budget, Chief Economist, Currency Speculation, Currency Value, Custom Duty, Duty Rates, Excise Duties, Finance Minister, Fiscal Stress, India Inc, International Economic Relations, Oil Bonds, Oil Sector, Personal Income Tax, Rajiv Kumar, Revenue Implications, Stress Points, Tax Collections, Tax rates, Tobin Tax
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