Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'. Experts from banking and real estate sectors attributed this growth in housing credit outstanding to a strong revival in the residential property market post-COVID pandemic on pent-up demand. According to the data of the Reserve Bank of India (RBI) on sectoral deployment of bank credit for March 2024, the credit outstanding to the housing (including priority sector housing') stood at Rs 27,22,720 crore in March 2024, up from Rs 19,88,532 crore in March 2023, and Rs 17,26,697 crore in March 2022.
Of the three options, which is the one that the salaried class wants most out of Union Budget 2019?
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
'People don't know about the immense pressures that come with this position -- every decision a judge takes affects real people and their lives.' 'This is not a job that one can take lightly.' A
Union Minister Smriti Irani on Wednesday came down heavily on Congress leader Rahul Gandhi for his 'murder of India in Manipur' remark in Lok Sabha, saying this is for the first time in parliamentary democracy that someone has made such a statement.
Haryana has done well in terms of economic growth over the last couple of decades. For it to continue to lead the growth ladder, the new government has to work hard on multiple dimensions, recommend Shishir Gupta and Rishita Sachdeva.
Prominent exits by promoters included a Rs 15,300 crore share sale in Indus Tower by Vodafone Plc, a Rs 9,300 crore share sale by the Tata group in Tata Consultancy Services.
The stormy second part of Budget Session continues. Both houses of Parliament have been facing continuous protests by opposition parties over issues like fuel price hike.
Gandhi had planned to address people on April 10 at the same place where his speech during 2019 Lok Sabha elections had led to his disqualification from the lower house of the Parliament, Shivakumar told reporters in Bengaluru.
The Congress MPs have given adjournment notices in both houses of Parliament to discuss the border situation with China.
Lok Sabha could function for only 45 hours this Budget Session against its scheduled 133.6 hours because of daily disruptions and frequent adjournments, a think tank data has shown.
Paul Ryan, the former Republican vice presidential nominee, was on Thursday elected and sworn in as the new Speaker of the US House of Representatives, which is similar to Indian Parliament's lower house, the Lok Sabha.
The proposed no-confidence motion by opposition parties is bound to fail the numbers test but the latter argue that they will win the battle of perception by cornering the government on the Manipur issue during the debate.
'The Casa ratio is at 33.4 per cent, which has to keep improving. Right now, there is a bit of liquidity pressure in the market.'
Ali also said he was hopeful that action would be taken by Lok Sabha Speaker Om Birla against Bidhuri in line with the traditions of the Lower House and the Constitution.
The Congress on Wednesday filed a police complaint over the recent statements of leaders belonging to the ruling National Democratic Alliance (NDA) targeting Rahul Gandhi.
The Congress on Wednesday gave a notice on moving a no-confidence motion against the Narendra Modi-led central government in the Lok Sabha over the Manipur issue.
US Vice President Kamala Harris, who is of Indian and African heritage, has formally secured the Democratic presidential nomination becoming the first Indian-American to win the nomination from a major political party, and chose Minnesota Gov Tim Walz as her running mate on Tuesday.
CREDAI Chairman Lalit Jain said a long term status quo on interest rates would not help prospective home buyers.
Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.
West Bengal Chief Minister Mamata Banerjee on Friday wrote to Prime Minister Narendra Modi, saying that her state would sever all ties with the Damodar Valley Corporation (DVC) for 'unilaterally releasing water', which led to floods in south Bengal districts.
In his letter to Ajit Pawar, who too is a deputy CM, Fadnavis said Malik has the right to attend the assembly as an MLA and added that "we (the BJP) do not harbour any personal animosity or grudge" against him.
This is the first bill passed by the Lower House of Parliament in the Winter session, which began on Monday.
Joshi said, "(BJP leader) Nishikant Dubey issued a notice to Rahul Gandhi for making baseless allegations (against the PM). What they say has to be supported with evidence but they haven't produced any. We all are answerable to the people of this country. This time action will be taken on this notice."
'The world is yet to watch him, show his prowess as a batter, but given the chance he will do a great job.'
'Understand how wedding expenses fit into your overall financial situation.' 'Evaluate how different levels of spending will impact other goals like retirement, travel, or housing.'
Prime Minister Narendra Modi is likely to reply to the debate on on Motion of Thanks to the President's address.
'Earlier there was no provision for considering TCS collected from the taxpayer for overall tax computation.' 'Now, credit will be given by the employer for TCS already collected to consider net tax to be deductible.'
FMPs remain an option for investors who believe interest rates could head downward over time and wish to lock in the current rates. TMFs have very low expense ratios, which makes them cost-efficient.
In his speech in the Lok Sabha on February 7, Rahul made several allegations against the government over the Hindenburg-Adani row.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
The interim magisterial inquiry report and the MCD Karol Bagh zone superintending engineer report were submitted to revenue minister Atishi who alleged that the "bureaucracy" was showing "laxity" in investigating the death of the civil services aspirants.
So far this year, bankers have earned Rs 1,226 crore for handling 45 IPOs, which together mobilised Rs 48,363 crore.
'The conspiracy is to end India's entrepreneurship culture even before it fully blooms.' 'Negativity is being spread in society towards all those who do business, and this hatred for business and wealth creators is spilling everywhere.'
On Tuesday, when trends indicated she was going to win her election, the four-time National Award winner said, 'Heartfelt gratitude to all the people of Mandi for this love and trust... This victory belongs to all of you, this is the victory of your trust in Prime Minister Modi and the BJP, this is the victory of Sanatan and in the honour of Mandi.'
Lok Sabha will take up general discussion on the Union Budget for 2019-2020 on Monday.
Finance Minister Nirmala Sitharaman on Thursday presented her sixth Budget in a row, equalling the record of former Prime Minister Morarji Desai.
Pro-Palestinian protestors on Wednesday lowered an American flag and burned it down a few blocks away from the US Congress and hoisted a Palestine flag in its place.
During 2023, the Indian real estate sector - both housing and commercial - witnessed buoyancy fuelled by demand, supply, and absorption, and the sector is banking on the upcoming Budget to keep the momentum going. Mumbai-based Sattva Group wants the government to focus on the critical pillars for long-term growth. The company emphasised on the infrastructure boom with increased allocation, lower goods and services tax (GST) rates, incentives for affordable housing and single-window clearance to fast-track projects and support liquidity.
Those who cannot bear significant downturns (as much as 40 per cent) or have a short horizon should exit entirely.
