The Reserve Bank’s decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to property developers and consultants. Welcoming the RBI policy, CREDAI President Harshvardhan Patodia said, the “RBI’s accommodative stance on keeping the ... Read More »
Reduction in repo rate by another 25 basis points will bring down construction finance costs and ease out home loan rates, giving yet another boost to the real estate sector. Since February 2019, RBI has cut the repo rate by 50 basis points, bringing it down to the April 2018 ... Read More »
A positive attitude can help you in all walks of life, and even in cancer. A new study done by the Israel Institute of Technology shows that positive emotions can be helpful in fighting cancer. The new study, titled Modulation of anti-tumour immunity by the brain’s reward system, was published in ... Read More »
Engineering students from the Scheduled Tribes (ST) and the Scheduled Castes (SC) learn at a faster rate than those from the general category, according to a study carried out by Stanford University, the All India Council for Technical Education (AICTE) and the World Bank. The study on learning assessment outcomes, ... Read More »
The six-member monetary policy committee (MPC), headed by the Reserve Bank of India (RBI) governor Urjit Patel, on Wednesday unanimously decided to keep the policy rate unchanged at 6.25 per cent, considering the “heightened uncertainty” of volatility related to US rate hike and the local demonetization drive. RBI also withdrew ... Read More »
Interest rate sensitive shares from the sectors such as banking, automobiles and real estate were in focus ahead of the Reserve Bank of India (RBI) Governor Urjit Patel-led Monetary Policy Committee (MPC) meeting due later in the day. A majority of the nearly 60 analysts polled by Reuters predict the ... Read More »
The US unemployment rate fell to a nine-year low in November, adding to expectations that US interest rates will rise later this month. Figures from the Labor Department showed the US economy created 178,000 jobs in November, while the jobless rate fell to 4.6% from 4.9% in October. The data ... Read More »
Released prisoners may be less likely to commit violent crimes if they’re prescribed certain kinds of psychiatric medications, a new study suggests. These medications can affect someone’s mental state. They include antidepressants, antipsychotics, psychostimulants, drugs to treat addiction and antiepileptic drugs, the researchers said. The study authors looked at information ... Read More »
Finance ministry and state finance ministry officials gathered in New Delhi on Tuesday for a three-day meeting that will seek to finalise the main rate of the Goods and Services Tax and pave the way for its introduction next April. The long-delayed tax, which would transform Asia’s third-largest economy into ... Read More »
Within days of India signing the Paris Climate Treaty, Finance Minister Arun Jaitleyon Friday said tax on environment unfriendly products will be ‘distinct’ from others in the forthcoming GST regime so as to boost funds for climate financing. “The indirect tax regime that we are planning, the rate of taxation ... Read More »
Global equity prices gained on Thursday after weak U.S. retail sales data undermined the argument that the Federal Reserve will raise interest rates next week. The U.S. Treasury yield curve surged to its steepest levels in 2-1/2 months as longer-dated debt fell, highlighting expectations that the Fed could hold off ... Read More »
Stocks across the globe fell the most since June on Friday, weighed by comments from Federal Reserve officials that lifted bets on an interest rate hike and after German trade data cast doubt on the strength of the euro zone’s largest economy. German exports fell sharply in July, shrinking the ... Read More »
