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In the financial year 2010-11 the growth rate of exposure to the real estate sector by banks rose by 23.58 per cent.The banking sector had became averse to lending to the real estate sector and cut down its exposure to such loans over the last few years This is primarily on account of rising NPAs […]
Banks’ exposure to realty sector on a rise Read More »
NEW DELHI: The Union Cabinet on Wednesday was apprised of the Memorandum of Understanding (MoU) signed in February this year between India and Maldives on cooperation in sustainable urban development. According to the official release, a Joint Working Group (JWG) will be constituted to strategise and implement programmes on cooperation under the framework of the
With the softening of global crude oil prices and domestic inflation, along with the rural wage growth hitting a 10-year low, the indications are pretty clear that the economy may soon move towards a lower interest rate regime. Such a move is known to have positive impact on the home buyers sentiments and this may
Pickup in realty demand after last rate cut holds out hope for sector Read More »
AMARAVATI: The Andhra Pradesh government will launch construction of about 15.6 lakh houses for the poor under YSR Jagananna Housing Scheme on Thursday. Chief minister Y S Jagan Mohan Reddy will virtually lay the foundation stone for the housing colonies from the camp office. The state government will spend about Rs 28,000 crore for the
Andhra Pradesh CM to launch housing scheme today Real Estate News ET RealEstate Read More »
With the growth in manufacturing, rented housing is highly necessary to accomodate the spurt in migrant workers. Amid the renewed focus of the government on the manufacturing sector with the launch of the ‘Make in India’ campaign, there is a growing clamour for a rental policy to accommodate migrant workers. While such policies already exist
Needed: A rental housing policy for migrant workers Read More »
MUMBAI: Public sector banks have shortlisted 28 loan accounts to be transferred to the National Asset Reconstruction Company (NARCL). Of these, lead banks have completed the process of obtaining approval from co-lenders in 22 accounts with Rs 82,500 crore of loans due. Within this amount, borrowers such as VOVL, Amtek Auto, Reliance Naval, Jaypee Infratech,
Britain’s Heathrow Airport will use sustainable jet fuel for the first time as part of a test ahead of a Group of Seven (G7) rich nations summit in the country next week. The fuel, produced by Finland’s Neste and supplied by oil trader Vitol, is made entirely of renewable and sustainable waste such as cooking
UK’s Heathrow Airport to use renewable jet fuel for first time Read More »
Model Tenancy Act Implications and benefits for India’s rental housing The Centre on Wednesday approved the Model Tenancy Act(MTA), 2021 with a provision to set up district-wise rental courts, authorities and tribunals across the country. The Union Cabinet chaired by PM Modi approved the Act for circulation to all states and UTs for adaptation by
Model Tenancy Act: Implications and benefits for India’s rental housing Read More »
The Centre’s fiscal performance in 2020-21 turns out to have been slightly better than the revised estimates (RE). Data released by the Controller General of Accounts (CGA) shows that the fiscal deficit for 2020-21 stood at 9.3% of the gross domestic product (GDP), lower than 9.5% in the RE due to better-than-expected revenue receipts. At
Use fiscal leeway to boost spending Read More »
A fundamental problem in the study of economic growth is the quantitative assessment of the effect that the variety and quality of goods produced by a country has on its overall productivity. This assessment faces the extra difficulty that the productivity depends also on non-tradable capabilities and on intangible assets. An advance in this field
Dynamics Of Growth – The Economic Times Read More »
The third chapter of Patanjali’s ‘Yog Sutras’ is about the progress of the yog practice. Its third verse states: the meaning alone shines, empty of form and that is, verily, samadhi. What does it mean to be ‘swarupa-shunyam-eva’, empty of form? Everything in creation has two forms: external and internal. The external form is called
Attaining Samadhi – The Economic Times Read More »
Urban planning, design and development processes are central to sustainability, and many jurisdictions around the globe have begun the challenge of reforming these so as to produce more sustainable urban development. The range of existing or potential urban actions is vast. The priorities include reducing greenhouse gas emissions, adapting to global warming, greening the city,
Sustainable Urban Design – The Economic Times Read More »