India housing sales rise 12 per cent
7 hours ago A man rides his cycle rickshaw past residential buildings on the outskirts of Kolkata. File / Reuters As property demand gained momentum, housing sales increased 12 per cent during January-March compared to the previous quarter, according to a report by PropTiger.com.
The report noted that various measures taken by the government at the Centre as well as by several state governments to boost buyer confidence have started to show positive outcomes, led to the rise in home sales in India’ eight prime residential markets.
According to the report titled ‘Real Insight - Q1CY21’, developers sold a total of 66,176 homes in the primary market in the first quarter of 2021.
MPC meet: RBI likely to maintain status quo as Covid cases rise dramatically
Experts say spurt in Covid-19 cases is a worry. After seeing expansion in third quarter post entering recession in previous two quarters, country is expected to grow at 1 per cent in fourth quarter ending March. But growth may slip further sequentially
BusinessToday.In | April 7, 2021 | Updated 09:42 IST
RBI Governor Shaktikanta Das
The Reserve Bank of India s (RBI) Monetary Policy Committee (MPC) is likely to take a dovish stance while maintaining status quo in its policy announcement today. The six-member high powered committee will announce its first policy stance of this fiscal year. On February 5, after the last MPC meeting, the central bank had kept the key interest rate (repo) unchanged citing inflationary concerns.
RBI status quo on policy supportive of economic growth; liquidity measures in right direction: Experts
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Last Updated: Apr 07, 2021, 07:38 PM IST
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Synopsis
The six-member Monetary Policy Committee (MPC) unanimously decided to continue with the accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy.
Agencies
The RBI will also provide Rs 25,000 crore to NABARD, Rs 10,000 crore to NHB and Rs 15,000 crore to SIDBI.
RBI s decision to keep repo rate unchanged for the fifth time in a row is in line with the economic need to encourage growth, financial market players and experts said on Wednesday.
A sudden surge in COVID-19 cases and the government s recent mandate asking the central bank to keep retail inflation around 4 per cent are likely to prompt the Reserve Bank to maintain status quo on policy rates at its first bi-monthly monetary policy review for the current fiscal, according to experts. The Monetary Policy Committee (MPC), RBI s rate-setting panel, is also likely to maintain the policy stance accommodative at the next policy review to be unveiled on April 7, say experts.
RBI Governor Shaktikanta Das headed six-member MPC is scheduled to meet from April 5 to 7. The policy meet outcome will be announced on April 7.
RBI to maintain status quo in first MPC meet of FY22 amid COVID surge
The Monetary Policy Committee (MPC), RBI s rate-setting panel, is also likely to maintain the policy stance accommodative at the next policy review to be unveiled on April 7, say experts
PTI | April 4, 2021 | Updated 16:41 IST
RBI Governor Shaktikanta Das headed six-member MPC is scheduled to meet from April 5 to 7
A sudden surge in COVID-19 cases and the government s recent mandate asking the central bank to keep retail inflation around 4 per cent are likely to prompt the Reserve Bank to maintain status quo on policy rates at its first bi-monthly monetary policy review for the current fiscal, according to experts.