It has also demanded relaxation of Alternative Investment Fund subscription amount from Rs 100 lakh to Rs 5 lakh for individual investors so that fund flow to social sectors specially microfinance, agriculture, water and sanitation, etc can be facilitated., , micro-finance institutions
Regulatory decisions that changed real estate landscape in 2020 and what needs to be done in 2021
Here s a look at some key regulatory interventions in 2020 and what remains to be done to boost the real estate sector.
The year 2019 witnessed the launch of the country’s first REIT, opening up new avenues for investing in A-Grade commercial office spaces. The maximum pain was experienced by the residential real estate sector largely due to the NBFC debacle and the resultant liquidity squeeze, and the slow pace of recovery in sales affected by overall economic scenario. The government did come to the sector’s rescue to create an alternative investment fund worth Rs 25,000 crore for last-mile funding of stalled housing projects.
MUMBAI : Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI’s affirmation to do whatever was needed to combat the coronavirus impact.
On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das’ promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
Within three weeks of launching the rescue act, the RBI’s rate setting panel’s meeting got advanced to deliver a deep cut of 0.70 per cent in key rates, a reduction in cash reserve ratio by 1 percentage point, and an announcement of a three-month repayment moratorium on loan repayments and an assured liquidity support through the Targeted Long Term Repo Operations (TLTROs).
Synopsis
Within three weeks of launching the rescue act, the RBI s rate setting panel s meeting got advanced to deliver a deep cut of 0.70 per cent in key rates, a reduction in cash reserve ratio by 1 percentage point, and an announcement of a three-month repayment moratorium on loan repayments and an assured liquidity support through the Targeted Long Term Repo Operations (TLTROs).
PTI
Mumbai: Delivering a public speech hours after the RBI launched a rescue act for
Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI s affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
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