RBI Cuts Repo Rate by 25 Basis Points for the Benefit of Borrowers

In the first bi-monthly monetary policy meeting of this fiscal year, the Reserve Bank of India took immediate action on the government’s strongly expressed demand for rate cuts. The policy Repo Rate was cut down by 25 basis points which brought it down to 6.50 percent, the lowest since January 2011. The Cash Reserve Ratio (CRR) remains unchanged and the Statutory Liquidity Ratio (SLR) of ‘scheduled banks’ has been lowered from 21.5% to 21.25%.

RBI Cuts Repo Rate by 25 Basis Points for the Benefit of Borrowers

RBI Cuts Repo Rate by 25 Basis Points for the Benefit of Borrowers

To get a better understanding of these rate cuts, we need to take a closer look at the definition of these terms.

Repo Rate- It is the rate at which the RBI lends money to the commercial banks when they fall short of funds. Decreasing the repo rate is incentivising borrowing for commercial banks so that there can be a higher supply of money in the economy. It is a part of the government’s liquidity adjustment facility. [Read more…]

Union Budget 2016- What Does The Real Estate Sector Expect?

The union budget is a greatly awaited annual event which Indians follow closely, as the decisions and allocations announced by the Finance Ministry have great pertinence to both individuals and industries. This year the budget will be announced on the 29 of February by Arun Jaitely, the Finance Minister of India. Developers are expecting a lot from him for the sector and are hoping that the minister will spell out measures to revive the staggering real estate sector in the annual budget.

Union Budget 2016- What Does The Real Estate Sector Expect

Union Budget 2016- What Does The Real Estate Sector Expect

To go hand in hand with how the real estate industry will perform in 2016, market players are waiting with abated breath for some special allocations and some major announcements in the upcoming Union Budget. The developers have a wish-list, here are some changes which the realtors are pitching for- [Read more…]