The KV Kamath committee prepared a resolution framework for sectors hit by coronavirus pandemic. The Reserve Bank of India accepted the committee’s resolution frameworks recommendations that are expected to provide relief to stressed real estate developers and individual home loan borrowers. The real estate sector already reeling under the pressure of subduing demand, severe liquidity […]
Financial News Updates
India can buck the global coronavirus recession, according to a UN report
The coronavirus pandemic will spell another global recession. Trillions of dollars have been lost in the wake of this global crisis. Economies across the world have suffered irreparable damage which may take years to get them back on their feet again. However, a good tiding came from the United Nations Conference on Trade and Development […]
New regulations that will be effective from 1st September
Many changes will be introduced in India from September 1, 2019 which will affect our regular life to a great extent. The important finance related changes to be made effective are as follows TDS applicable on immovable property When you buy a property, payments such as car parking fees, electricity fee, club membership fee, water […]
Union FM announces action plan for cheaper home, auto loans
In order to reinvigorate the economy of the country and shore up market sentiment, Finance Minister Nirmala Sitharaman has announced a new course of action which includes a cut in the lending rates for borrowers. She said that the repo rate is being cut down every quarter by the Reserve Bank of India but the […]
Home loans to get cheaper once again courtesy RBI’s repo rate cut
The Reserve Bank of India (RBI) was widely expected to announce a 4th consecutive cut in repo rates and the script has played out exactly as anticipated once the MPC (Monetary Policy Committee) released its decisions. All 6 members of the committee voted for the cut in repo rates which is the fourth such consecutive […]
