India News: With the number of street vendors availing subsidised loans under the PM SVANidhi scheme crossing 58 lakh and almost 44% of them being women, the Cent.
The IT sector is unlikely to see any surprises in terms of positive or negative movement. The recent market correction was expected after a sharp rally in September. Bansal believes that the IT sector will follow the market s consolidation trend. As for the upcoming earnings season, Bansal does not anticipate any surprises for the IT sector. In terms of other sectors, he mentions that the festival season and monsoon will impact automobile demand, and highlights the potential benefits for housing finance companies from a government housing loan interest subsidy scheme.
“Typically the real estate market always relies on a lot of incentive-based kind of selling and if we are going to have a government incentive or a subsidy coming in on the interest side, it should give a great deal of fillip to the real estate sector and that is positive news.”
The Finance Ministry is considering a proposal to allocate Rs 60,000 crore for making subsidised loans available to buyers of small homes in cities over the next five years, a senior official said.
The centre is considering spending Rs 60,000 crores ($7.2 billion) to provide subsidised loans for small urban housing over the next five years, two government sources told Reuters.