It is 10 years since Bandhan Financial Services became the first microfinance institution (MFI) to receive the universal bank licence. A year later, in 2015, it started operations. Bandhan's entry into banking was seen as a vote of confidence by the Reserve Bank of India (RBI) for the country's microfinance sector. Subsequently, the RBI awarded small finance bank licences to nine MFIs.
'Marginal rates will definitely affect the consumer's decision in entering a new transaction, but in reality, they don't affect much because banks/financial institutions have come up with step-up EMIs: 50% of home loans which exceed 15 years in India are prepaid, within 7-8 years.' 'This doesn't happen anywhere in the world.'
A protest has begun in front of the Trincomalee Naval Base after reports Mahinda Rajapaksa and some of his family members are there after leaving Temple Trees, the official residence of prime minister.
'There is no peace in the Kashmir Valley.'
With the Budget just a little over a week away, the Indian realty sector has lined up its wish-list which include a tax holiday under Section 80-1B for affordable housing, promoting real estate mutual funds and clarity on introduction of a real estate regulator, among others.
The new rates will be effective from May 9.
In the event that like in the 17th Lok Sabha Rahul Gandhi again gets locked out of the House, the Congress needs a second-in-command who will keep the momentum going inside Parliament, notes Saisuresh Sivaswamy.
The GST Council had given the option to real estate companies to either opt for old rates of 12% (for residential) and 8 per cent (affordable housing) with ITC benefits or the new tax rates of 5% for residential units and 1% for affordable housing without the benefit of adjusting the credit on inputs used during construction.
As part of the partnership, about 1,000 homes across projects in cities like Mumbai, Pune, Ahmedabad, Bengaluru and Chennai will be put up for sale on Snapdeal.
Surendra Hiranandani -- chairman and managing director, House of Hiranandani -- explains what ails India's housing sector and indicates the way forward.
'And here I was, walking as a showstopper. I couldn't have imagined a more beautiful gift.'
Walt Disney Co and Reliance Industries on Wednesday announced signing of binding pacts to merge their media operations in India to create a Rs 70,000 crore behemoth. Reliance and its affiliates will hold 63.16 per cent in the combined entity while Disney will hold the remaining 36.84 per cent, the companies said in a statement.
'If you are investing in a Ulip for returns, go for a type I Ulip.' 'If you are investing for insurance cover as well, type II is better.'
Australia's state of Victoria will not host the 2026 Commonwealth Games due to projected cost overruns.
The Delhi police has been allocated Rs 10,355.29 crore in the Union Budget for 2022-23, an increase of Rs 1,701.03 crore from the last fiscal, officials said on Tuesday.
While the total disbursement of housing loans by PSBs as well as HFCs witnessed a deceleration in 2016-17, there was significant growth for the lower slabs
Sunak, 44, was facing the impossible challenge of overcoming voter anger against the incumbent Tories after 14 years in power. The 61-year-old Keir Starmer-led Labour Party, meanwhile, maintained a strong lead over the Tories throughout the six-week campaign.
'The risk is in not being invested and missing out on an upmove.'
Several income tax proposals, including 30 per cent tax on income from trade in cryptocurrencies will come into effect from Friday. Also, the revised norms for levy of 1 per cent TDS (tax deducted at source) on sale of immovable property exceeding Rs 50 lakh will come into effect from April 1, the beginning of the new financial year. As per the revised norms, TDS of 1 per cent shall be deducted on consideration or stamp duty value, which ever is higher, as against the earlier provision of consideration.
'Factors such as working professionals seeking better lifestyles, traditional housing challenges, community and networking, and urban migration for jobs are driving the growth in the co-living segment.'
Hitting hard on the three and half years of the Trump administration during her first appearance after being picked as the vice presidential nominee of the Democratic party on Tuesday, Harris, 55, presented a long list of missteps taken by the current United States government.
"An important aspect of this budget is the welfare of the poor," Modi said.
UCO Bank mulls AT1 offering to raise Rs 1,000 cr.
Now, every state election -- first up, Maharashtra, Haryana and Jharkhand later this year, then Delhi in January and Bihar in September next year -- will be seen by his followers for evidence of his recovery, and by rivals of sharpening decline, points out Shekhar Gupta.
Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.
Last year, MP's Ashutosh Sharma smashed an 11-ball fifty, breaking Yuvraj Singh's record for the fastest half-century by an Indian in T20 cricket.
'We need a candidate who will do our work and fight with the authorities; someone we can hold accountable.' 'Piyush Goyal is not that candidate.'
After giving negative or low returns from 2013-2016, the Nifty Realty Index is up a whopping 91.14 per cent, making it the best performer year-to-date. Can you still make money in this sector? Sanjay Kumar Singh finds out.
The purchase or construction of houses by large numbers of people can add meaningfully to India's economic growth, points out Neelkanth Mishra.
The finance ministry also said the maximum funding will be Rs 400 crore for any single project that will be seeking assistance from the 'special window' for completion of the 1,508 projects comprising about 4.58 lakh units.
India has an urban housing shortage of about 18.7 million units, with 95 per cent of this shortfall in the low-cost housing segment, and 43.7 million in the rural belt.
At present, DLF builds apartments under two segments -- luxury and premium (mid-income).
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
The Corosure Kit has received ICMR approval with the highest score and DCGI approved with a very high sensitivity and specificity.
Increase in service tax would make properties costlier to buyers.
On June 26, for the likes of me, the music died. Any impression of potential change held forth by the outcome of the 2024 general election, was vaporised, reveals Shyam G Menon.
Make sure buying a house won't lead to compromises on other crucial financial goals.
'It feels like Assam is good just as a tourist spot and not a place to earn and live.'
Their rematch, long anticipated, but hardly clamoured for, is broadly expected to mirror the 2020 campaign, though Trump will run this time under the spectre of 91 felony charges.
One of Mumbai's biggest real estate redevelopment projects of Bombay Development Directorate's (BDD's) chawls (large buildings divided into many separate tenements, offering cheap, basic accommodation) has taken off in Central Mumbai, opening up a Rs 20,000-crore opportunity for real estate companies. It is expected to drive down real estate prices in Central Mumbai by up to 25 per cent, forecast real estate experts. Spread over 92 acres in Central Mumbai's prime localities of Worli, Lower Parel, and Dadar and consisting 195 four-storey houses, the BDD chawls were constructed in the 1920s.
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