Venkytalks

The result is empty malls and multiplexes. And really long queues for the few non multiplex theatres

I didn't know this about industrial plots but I know commercial RE is suffering.

A ten year price freeze due NOIDa flat to glut is possible . But Dwarka like price escalation of vacant flats is also possible. Only time will tell


Unfortunately he is hurting BJP and helping Congress

Agree . India cannot improve itself. Better to settle abroad.

One can wait for a few years and pick up a builder floor in Delhi if prices a re static or falling

Good to know. What is the Psf price for floors in South Delhi nowadays?

Same regret with me also

The best of congress is worse than the worst of BJP.


Pathetic reshuffle. Punishing Anand Sharma who was one of the only performers and promoting Khursheed is just sick

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asheesh1963

appeared in business standard..article link: Article view

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PappuPilot

That's easy! People simply won't vote and that would mean not voting for Congress. That doesn't help.

kinjalchato

RBI indicates that rate cut likely in monetary policy review - The Economic Times

Indicating that a cut in interest rate is likely, the Reserve Bank has said despite high inflation it would take steps to support growth in the half- yearly review of monetary policy tomorrow.

"Monetary policy needs to be cautious in the interim, focusing on inflation while using the available space to support growth to the degree it can," RBI said in its macroeconomic and monetary development review.

RBI said the Survey of Professional Forecasters has lowered the GDP growth projection to 5.7 per cent from 6.5 per cent for the current fiscal. Average wholesale price based inflation forecast is revised upwards to 7.7 per cent from 7.3 per cent.

It said the global growth prospects, both in advanced and emerging economies, have weakened and the euro zone troubles have affected business confidence and caused deceleration in global trade.

"Risks of spillovers from global financial markets remain. Unconventional monetary policies have transitorily moderated uncertainties, but the underlying stress has not diminished with incomplete deleveraging and unfinished financial sector reforms," RBI said.

It said sustaining the reform initiatives of the government would be the precursor for a turnaround in economic activity. The government has in the recent past undertaken a host of reform initiatives including hiking diesel prices by over Rs 5 a litre and foreign investment norms for retail, pension, insurance, information and broadcasting sector.

RBI said aggregate demand is weakening, led by the investment slowdown. However, persistent high core inflation remains a cause of concern.

In its last policy review, RBI held interest unchanged, though it had lowered CRR by 0.25 per cent to infuse Rs 17,000 crore liquidity into the system.The RBI said the recent spate of reform measures have helped in arresting the downfall in growth, but called for a greater coordination between different government agencies and removal of structural bottlenecks on infrastructure as the key factors for revival.

"It is necessary to remove the pending constraints in the power, coal and road sectors at the earliest ... Fiscal consolidation and removal of impediments to infrastructure investments hold the key to growth revival," RBI said.

It said there would be fiscal slippages during the year, beyond the budgeted 5.1 percent deficit, and that the final number may not be better than last fiscal's 5.8 per cent.

Earlier in the day Finance MinisterP Chidambaram had unveiled a five year roadmap for fiscal consolidation pegging the fiscal deficit for the current fiscal at 5.3 per cent by bringing in tax reforms and expenditure management.

The budgeted fiscal deficit for the current fiscal was 5.1 per cent. "As macro-risks from inflation and twin deficits recede further, that could yield space down the line for monetary policy to respond more effectively to growth concerns," it said.

The WPI inflation as of September stood at 7.81 per cent, much above the RBI comfort level of 5-6 per cent.

While a majority believes RBI may go in for a cut in the cash reserve ratio (CRR) or the amount of deposits parked with RBI, a few also say a cut in the policy rate (repo) would be a good way of address the issue of sagging growth.

Blaming the high inflation on a wage-price spiral, RBI said, "In the short-run, inflation may turn out to be slightly higher than anticipated ... It is likely to soften from Q4 (January-March period)".

On growth, RBI said, it will fall below its July estimate of 6.5 per cent, but a "modest recovery" can be expected later during the year. Economic growth fell to a nine-year low of 6.5 per cent in 2011-12

kinjalchato

A day ahead of RBI's half yearly monetary policy review, Finance MinisterP Chidambaram has expressed the hope that the central bank would take note of steps announced by the government to contain fiscal deficit and act accordingly.

"Well, I am making the statement so that everybody in India acknowledges the steps which we are taking. And also acknowledges the government is determined to bring about fiscal consolidation. And I sincerely hope that everybody will read the statement and take note of that...," he said, when asked whether the RBI would cut rates after taking into account the steps announced by him to contain fiscal deficit.

RBI, which is scheduled to announce second quarter review of credit policy tomorrow, has at many occasions expressed concerns about the fiscal health of the government. It has been advising the government to narrow fiscal deficit so that it gets some headroom to ease monetary policy.

Government has been trying hard to spur economic growth by taking tough measures like opening of multi-brand retail to foreign investment and raising diesel prices by over Rs 5 per litre, to push economic reforms.

During the first quarter of the current fiscal, economic growth had fallen to nine-year low of 5.5 per cent. The growth in factory output in August was also not encouraging as the Index of Industrial Production (IIP) expanded by a nominal 2.7 per cent only.

RBI in its monetary policy have been maintaining that bringing down inflation is its priority. It last cut the repo rate in its annual policy by 0.5 per cent, a reduction after a gap of three years.

Meanwhile, costlier diesel fuelled inflation to 10-month high of 7.81 per cent in September.

Analysts say while RBI continuously fought inflation with 13 successive rate hikes till October 2011, the last rate hike was exactly a year ago.

Since then, the cash reserve ratio-- the mandatory amount of cash deposits banks need to keep with RBI-- and Statutory Liquidity ratio (SLR) have been cut by 1.50 and 1 per cent, respectively.

The repo or short-term lending rate at present is 8 per cent, while CRR is 4.50 per cent.

RBI has also injected liquidity through open market operations worth over Rs 2.1 lakh crore apart from cutting the policy rates by 0.5 per cent in March this year.

FinMin P Chidambaram expects RBI to take signals from fiscal road map - The Economic Times

trialsurvey

sir .. it first increased by 100-300 % within 2 yrs right ? so in that sense 20-30% correction is really nothing .. just goes to show that in India in long run one can never lose out in RE investments

sidhuRE

I would say both the parties are equally corrupt. Its just that, BJP is waiting to be in power to reach new corruption limits set by Congress.

jaijai

The data so far shows otherwise. BJP has been in power in many states as well in Center for 6 years. The 'benchmark' of corruption differs between the two. What is called 'corruption' that makes the heads roll in BJP is considered normal behavior in Congress.

Even if I leave aside our political preferences, calling everyone EQUALLY corrupt is the best defense of corrupt.
It may be considered politically correct and put you on high pedestal but absolves the corrupt of any moral turpitude. Everyone is equally corrupt, why should I be singled out?

Beware of Moral Equivalence !!

MANOJa

Mumbai: There has been a 6.7 per cent growth in housing prices across the country in the first quarter of the current fiscal, Reserve Bank said today.

"The Reserve Bank's quarterly House Price Index, based on data for nine cities, indicates a Q-o-Q increase of 6.7 per cent at the national level," the RBI macroeconomic and monetary developments report released on the eve of monetary policy announcement said.

On a year-on-year basis, the price increase has been recorded at 24.1 per cent, the report revealed.

The index takes into account price situations in nine cities - Mumbai, Delhi, Chennai, Bangalore, Ahmedabad, Lucknow, Kolkata, Jaipur and Kanpur, it said.

Housing prices in the financial capital grew at a tepid 3.1 per cent for the quarter ended June, while growth in Kolkata was the fastest, at 28.9 per cent, it said, adding Bangalore and Kanpur witnessed a fall.

Going by transaction volumes, there was a 6.4 per cent rise on a sequential basis, the quarterly index showed, while on a Y-o-Y basis it stood at 9.3 per cent, it said.









Housing prices up 6.7% in Q1: RBI

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amit001

http://www.firstpost.com/fwire/realt...ut-508233.html