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.
British Prime Minister Keir Starmer has called an emergency COBRA meeting of senior ministers and police chiefs at 10 Downing Street in London on Monday after a weekend of riots across several cities in the country, which he termed a 'far-right thuggery' that will face the full force of the law.
Prime Minister Narendra Modi has said that the Quad is not against anyone, but for a rules-based international order and respect for sovereignty, in a veiled reference to China.
Regardless of market levels, invest in stocks and equity mutual funds in a staggered manner.
A day after total shutdown in Assam to protest against the CAB, fresh protests erupted in the state and neighbouring Tripura and other parts of the nation.
Except for Xi, 69, all top officials including the number two leader, Premier Li Keqiang will be replaced in the massive reshuffle to follow in the days to come, which included a new foreign minister replacing the incumbent Wang Yi.
Voting for the second phase of Lok Sabha polls will be held on Friday for 88 seats in 13 states with Congress leader Rahul Gandhi seeking a second-straight term from Wayanad in Kerala.
Ahead of this election, the alliance between the BJP and the SKM had broken down. One reason is the fear that like Article 370, Article 371F might also be changed.
Questions that the state had come to recognise over time but consistently delayed treating seriously because doing so requires an overhaul of perspective and lifestyle, notes Shyam G Menon.
Domestic air passenger traffic jumped 57 per cent to around 49 lakh in July, reflecting a significant sequential as well as year-on-year growth amid a decline in coronavirus infections, according to a report. Recording continued recovery, traffic rose 56-57 per cent to 48-49 lakh in July compared to June this year when it was about 31.1 lakh. As against June 2020, the growth is 132 per cent, rating agency Icra said in the report on Thursday.
'To sustain our growth trajectory, we must continue to explore and capitalise on growth opportunities.'
Singh said the Modi government has changed the approach adopted by previous governments that the border areas are buffer zones between the plains and the potential adversary.
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
For India, it is a symbol of will and a successful feat of arms.
Voters include 8.4 crore men, 8.23 crore women and 11,371 from third gender. There are as many as 35.67 lakh first time voters, besides 3.51 crore young voters in the age group of 20-29 years.
'...through the will of the people and commitment of leaders.' 'It may not happen today or tomorrow, but it will happen.'
To mark the first anniversary of the Sterlite firing anniversary -- 13 people died and several were injured when the Tamil Nadu police fired on a large crowd protesting -- various organisations will hold rallies and meetings in the port city.
The latest clashes began after the army and para-military forces commenced combing operations to de-arm communities in order to bring peace, officials said.
Markets in Uttarakhand's Purola and neighbouring towns remained closed amid heavy police deployment on Thursday in protest against the imposition of prohibitory orders to prevent a 'mahapanchayat' that was scheduled to be held there over alleged incidents of 'love jihad'.
The IMD has warned of heatwave to severe heatwave conditions in parts of West Bengal, Odisha, Bihar, Jharkhand, Andhra Pradesh, Telangana, Karnataka and Uttar Pradesh during the next five days.
Asking Solicitor General Tushar Mehta, appearing for the state government, to file an updated status report, the bench said, "It should have details like rehabilitation camps, law and order and recovery of arms."
'There is not any negative connotation associated with it.'
rediffGURU Kirtan A Shah answers your personal finance queries.
Over 60 per cent voter turnout was recorded on Monday in 49 constituencies in six states and two Union territories in the fifth phase of Lok Sabha elections, with Baramulla in Jammu and Kashmir recording its highest-ever voting percentage.
'The unfolding events indicate a dangerous internal security situation in Manipur and the region. It can have external ramifications also.'
Some experts feel that Israel got so totally engrossed in countering Iran and in efforts to foil the Islamic Republic's nuclear programme that it has neglected its own backyard.
Bangladeshis on Sunday began voting in the general elections expected to be won by Prime Minister Sheikh Hasina in the absence of the main Opposition Bangladesh Nationalist Party (BNP) which is boycotting it.
'In the next one-and-a-half, two months you'll get decent amount of opportunities in the mid-cap and small-cap sector at lower levels.'
A video shared by Qureshi's Pakistan Tehreek-e-Insaf (PTI) party on Twitter shows plain-clothed men taking him away, with him waving at party workers before departing from the location where he was detained.
Israel needs to come terms with the new reality that they are no longer invincible or the dominant power in the West Asian region, observes Ambassador M K Bhadrakumar.
The eastern theatre command of the Chinese People's Liberation Army successfully completed all tasks of its combat readiness patrols and exercises around Taiwan Island, official media in Beijing reported.
Protestors continued to target railway properties in Bihar and West Bengal on Saturday to vent their ire against the Agnipath defence recruitment scheme disrupting train services in the eastern region for the fourth day in a row, while demonstrations were held on roads in Odisha and Jharkhand.
The status of the current submarine force level is alarming and we need to address the threat perceptions expeditiously. Critical decisions pertaining to national security cannot be delayed any further due to the rapidly changing maritime threat perceptions and growing strategic importance of the Indian Ocean region, asserts Commodore Venugopal Menon (retd).
As part of the mega plan, around 20 bridges, a number of tunnels, airbases and several key roads are being developed in strategically key areas in Arunachal Pradesh to bolster the overall military preparedness, officials said on Monday.
Prohibitory orders were imposed in parts of Ranchi city after some policemen, including an Indian Police Service officer, and others were injured in Ranchi on Friday while trying to control a mob near a temple, an official said.
A group of Khalistan supporters gathered in front of the Indian Embassy in Washington, DC and many of their speakers tried to incite violence, but timely intervention by an alert United States Secret Service and local police prevented a repeat of London and San Francisco incidents of vandalism at the mission.
Khan was arrested on Tuesday in the case, sparking massive country-wide protests by his supporters.
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
If you don't have a specific goal, but want intermittent liquidity, then ladder your FDs, that is, invest in FDs of varying maturities, such as one, two, three, five or even 10 years. Laddering ensures FDs mature at regular intervals.
The police is investigating whether it was 'accidental or deliberate'.
