Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.5
Article rating: No rating
Article rating: 4.0
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

RBI urges states to facilitate affordable housing projects

Author: IANS/Thursday, August 3, 2017/Categories: Regulatory

RBI urges states to facilitate affordable housing projects

Mumbai - Reserve Bank of India Governor Urjit Patel on August 2 urged states to facilitate affordable housing projects which have a strong multiplier effect on boosting growth.

"I think, we need a time bound, single window clearance by state governments of this very important initiative, which has the potential for growth," Patel told reporters here following the announcement of the RBI's third bi-monthly monetary policy review.

The central government's Pradhan Mantri Awas Yojana aims at housing for all by 2022.

"We have mentioned that we could have stronger growth performance if some of these things are taken forward, in particular removing infra bottlenecks, finding measures to reinvigorate private investment, and provide thrust to affordable housing initiative of the government, which has a potential for very strong multiplier effects," Patel said.

"Fair number of pieces of the jigsaw are already in place," he added.

The RBI on August 2 cut its repo, or short-term lending rate for commercial banks, to 6% from 6.25%. 

Given the urgent need to reinvigorate investment in India, the falling trajectory of core inflation over the last quarter opened up room for the 25 basis points cut in the central bank's key interest rate, Patel said. 

Print Rate this article:
No rating

Number of views (250)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free