While the current rate of 6.5 per cent is at its highest in four years and impacts affordable housing, the momentum gained by the realty sector, especially in premium and luxury segments, is expected to remain largely unaffected. As the real estate sector significantly contributes to the country’s GDP, stakeholders hope for rate reductions in the next meeting to stimulate the sector’s growth further. The governor of the Reserve Bank of India (RBI) has stated that they anticipate the GDP growth for the initial fiscal of FY2024 to be around 8 per cent. Following this, they expect growth to be approximately 6.5 per cent in Q2, 6 per cent in Q3, and 5.7 per cent in Q4. The RBI has maintained its projection for the entire fiscal year of 2023-24, expecting the GDP growth to remain at 6.5 per cent.
The Reserve Bank of India (RBI) has chosen not to raise rates for the second time. Initially, the central bank halted the rate hike process during its April monetary policy committee (MPC) meeting. This decision is based on the significant decline observed in the trajectory of Consumer Price Index (CPI) inflation.
Esta historia es de la edición June 11, 2023 de The Business Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición June 11, 2023 de The Business Guardian.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Man kills neighbour for interfering in dispute
According to the police, the incident occurred on Wednesday when the accused, Dhiraj, was abusing and assaulting his wife.
North East Festival kickstarts at Major Dhyan Chand stadium
The 12th edition of the North East Festival kick-started on Friday at the Major Dhyan Chand National Stadium in New Delhi.
Man stabs wife in Delhi's Samayapur Badali
A 40-year-old woman was stabbed to death by her husband in a domestic fight at their house in outer-north Delhi's Samayapur Badali area, police said on Friday.
Retired man conned of Rs 10 crore in cyber fraud
A retired 70-year-old engineer from Rohini in Delhi was trapped in a cyber fraud and conned of Rs 10 crore and 30 lakh.
Delhi Cracks Down on Illegal Meat Slaughtering
Delhi government's Department of Food Safety (DFS) has launched a drive to curb unauthorised slaughtering of animals at meat shops across the national capital, a DFS official said on Friday.
'Sarai Kale Khan Chowk renamed Birsa Munda Chowk'
The decision was announced on the occasion of the 150th birth anniversary of the freedom fighter and tribal leader Bhagwan Birsa Munda
SC NOTICE TO CENTRE ON SEX WORKERS' REHABILITATION
The Supreme Court has asked the Union government to take urgent and prompt measures to address “highly sensitive and important” issue of establishment of a comprehensive rehabilitation framework for victims of sex trafficking, in view of legislative vaccum.
Punjab and Haryana High Court On Plea To Recall Order Allowing Centre To Act Against IIM Rohtak Director: 'Clogging Over-Burdened Docket Of Court'
The Punjab and Haryana High Court in the case Dr Dheeraj Sharma Versus Union of India And Another observed and has dubbed as 'frivolous' the application to recall its order paving way for Central government to take action against IIM Rohtak's Director Dheeraj Sharma for allegedly concealing that he is not qualified for the post.
SC Criticizes Odisha's Soft Stance On BJP MLA Accused Of Slapping Woman Officer: 'Color Of Uniform Does Not Change With Govt Change'
The Supreme Court in the case Jayanarayan Mishra Versus The State Of Odisha while calling out BJP-led Odisha government's mellowed stance on anticipatory bail plea of a BJP MLA accused of slapping a woman police officer during a protest in 2023.
SC Dismissed Plea To Direct Doctors To Specify Side Effects Of Medicines In Prescriptions
The Supreme Court in the case Jacob Vadakkanchery Versus Union Of India And Anr observed and has dismissed the petition filed seeking mandatory disclosure by medical professionals or doctors of risks and adverse effects associated with drugs they prescribe to patients.
