Tag: P Chidambaram

Rs.1L Deduction to First – Home Buyers: Budget 2013 Proposes

Recently announced Budget 2013-14 has proposed Rs.1L Deduction to the home buyers who will be buying their first home. Those who are preparing to own their first home will be glad to hear that they will be given Rs.1L as deduction in their interest. However the new proposal of Budget 2013 will be helping only […]

Union Budget 2013-14: How it affects the common folk?

The Union Budget 2013-14 can be considered as a moderate one as it deals all the sectors moderately. The Union Budget 2013-14 was announced and presented in the parliament on Feb -28. Union Budget 2013-14 gave nothing superb to the common people. However the Budget 2013 -14 was presented in a way that it does […]

Real Estate Builders Decide to Lower Property Prices

Real estate developers’ apex confederation asked its members to offload their unsold properties by lowering prices. CREDAI cautioned the necessity of selling of unsold real estate properties. CREDAI’s national president Mr. Lalit Kumar Jain disclosed that the real estate builders would consider offloading their properties at lower rates. He was answering to the suggestions of […]

Package for boosting economic sectors

The government is working on a fresh package of measures to stimulate various sectors of the economy which are facing a slowdown in the wake of the deepening global financial crisis. The stimulus package is to be announced by the end of this week which is being prepared on the directions of Prime Minister Manmohan […]

RBI may relax norms for loans

The Reserve Bank of India (RBI) is likely to relax the provisioning norms against loans given to real estate and other sectors. In a meeting with FM P Chidambaram on Tuesday, PSU banks have asked for relaxation of the provisioning norms, without compromising on the quality of credit to utilize their capital more aggressively. For […]

Switching To Tier II & Tier III Cities A Good Option For Real Estate

Union Finance Minister P Chidambaram has said the double digit inflation will continue for some more weeks. The Central Government as well as the Reserve Bank of India is not going to hesitate in taking more steps to control towering prices, if the need arises with the markets also reacting adversely to the two major […]