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Demonetisation Impact: Housing credit growth falls to 16% in FY17, says Icra
Wed, Jun 21, 2017
The overall housing credit growth in India declined by 16% to Rs 14,400,00 crore in FY17 as compared to Rs 12,400,00 crore in FY16 on account of demonetisation in the second half of the last year, which resulted in decline in number of new project launches with investors deferring their purchase decisions.
Despite demonetisation, Bengaluru, New Delhi & Mumbai record healthy growth in office rental in Q1: Knight Frank
Tue, Jun 06, 2017
Highlights: 1. CBD area of Bengaluru registered 4.7% growth in the office rental space in Q1 of 2017 2. Connaught Place area of New Delhi recorded 4.3% growth in office rental in Q1
Post-demonetisation demand for second homes market likely to fall in 2017: Experts
Tue, May 09, 2017
Post demonetisation, the demand for second homes market in India is likely to fall in 2017 and following two years on account of reforms introduced by the government.
CBI unearths 393 shell companies used to divert Rs 2,900 crore
Sun, May 07, 2017
According to sources, CBI has uncovered 393 shell companies which were used to divert loan funds meant for specified purposes, creating fake invoices, and "round-tripping" of funds to evade taxes and generate black money.
About 886 total real estate projects face delays; Punjab records maximum delays of 48 months: Assocham
Tue, Apr 11, 2017
Assocham in its latest study has found about 886 total construction and real estate projects of recording delays in their implementation.
Individuals have to disclose cash payments over Rs 2 lakh made for loans, card payments in new ITR form
Mon, Apr 10, 2017
Individuals will have to disclose all cash payments of over Rs 2 lakh made for paying loans and credit card bills during the 50-day period post demonetisation in the new Income Tax Return (ITR) form.
Gurugram likely to slash property circle rate by 5% in FY18 to boost real estate business
Wed, Apr 05, 2017
To boost real estate market of the city, Gurugram's district administration has suggested to reduce its property circle rate by 5% in FY18.
Note ban opens up new channels of corruption: Economist
Sun, Mar 19, 2017
Kurz pointed out that whoever was informed about the demonetisation policy ahead of its introduction (sort of insider trading) could have used the information and laundered money.
Demonetisation Impact: Finova Capital targets to disburse loan worth Rs 100 crore to MSMEs in 2017; plans to recruit 500 people in 2 years
Thu, Mar 16, 2017
Demonetisation has worked as a blessing in disguise for us as we collect 100% repayment through Automated Clearing House (ACH) mode and not through cash, Finova Capital managing director and chief executive officer, Mohit Sahney told Zeebiz.com.
Domestic tractor manufacturers to register 16 to 18% sales growth in FY17: Crisil
Tue, Mar 07, 2017
Crisil Research on Tuesday said domestic tractor manufacturers are projected to record 16 to 18% growth in sales of tractors for FY17 on account of revival of sales due to good monsoon which offset the impact of demonetisation on demand in the second half of the fiscal.
Women are just as likely as men to pay bribes, Transparency International finds
Tue, Mar 07, 2017
Global Corruption Barometer of Transparency International Group show that corruption continues to be high in India.
India's GDP growth is likely to be 5.8% in third quarter of FY17, says SBI
Wed, Feb 22, 2017
SBI's chief economic adviser Dr Soumya Kanti Ghosh in its Ecowrap report has said India's GDP will be at 5.8% in the third quarter (Q3) and will recover to 6.4% in the fourth quarter (Q4) of FY17.
New Rs 1000 notes are coming; launch date unclear
Tue, Feb 21, 2017
The government will soon announce new notes of Rs 1,000 denomination but the specific dates for its launch is unclear.
Demonetisation idea itself is wrong, don't blame execution, says Rajiv Bajaj
Fri, Feb 17, 2017
Bajaj Auto's MD Rajiv Bajaj has recently said that the government's deomonetisation idea itself is wrong and its execution should not be blamed.
Post-demonetisation credit profile of large corporates is likely to be neutral: India Ratings
Thu, Feb 09, 2017
India Ratings and Research has projected that post-demonetisation the credit profile of large corporates with revenue of over Rs 250 crore is likely to be neutral with no significant changes in their ratings.
War on black money not a political fight, says PM Modi
Wed, Feb 08, 2017
PM Modi speaks with regards to the demonetisation move which many claimed was aimed at crippling the finances of his politicial opponents.
Prime Minister Narendra Modi says cash crackdown is a fight for the poor
Tue, Feb 07, 2017
Prime Minister Narendra Modi on Tuesday defended his decision to abolish high denomination bank notes that has left the economy reeling, calling it a "fight" for the poor.
Here are five key highlights of Budget 2017
Wed, Feb 01, 2017
Read the five key highlights of India's Union Budget 2017-18.
Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian
Tue, Jan 31, 2017
India's Economic Survey 2016-17 has projected the country's real estate prices to fall further on account of the government's demonetisation announcement made on November 8, 2016.
India's credit growth projected to remain weak in range of 5-6% in FY17: ICRA
Mon, Jan 30, 2017
ICRA has projected India's credit growth to remain at similar levels in the range of 5% to 6% in FY17 on the back of muted credit demand.