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Yield curve is a public good, but US housing market may actually be showing signs of nervousness : Ghosh

Yield curve is a public good, but US housing market may actually be showing signs of nervousness : Ghosh

Kolkata, Sep 29 (UNI) The recently released US Housing market data, coming much stronger than market expectations, had a tapering effect on domestic yields for a brief period, according to Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India.
However, delving deep, one could see the vagaries of US housing data as home buyers’ decision to purchase a new home or refinance the existing homes reflects the unease associated with return of the ‘Volcker era’ when 30-year FRM (Fixed Rate Mortgages) had spiked to 18% plus, he said.

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Nitish donates one month's salary to CM relief fund

07 Dec 2022 | 9:32 PM

Patna, Dec 7 (UNI) Bihar Chief Minister Nitish Kumar on Wednesday donated his one-month salary to the CM relief fund.

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Congress demands withdrawal of Bihar liquor ban

07 Dec 2022 | 9:26 PM

Patna, Dec 7 (UNI) Congress a partner in Bihar's Grand Alliance government, on Wednesday demanded the withdrawal of the liquor ban if the government failed to enforce it strictly.

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Arunachal Guv suggests optimisation of civil-military relations

07 Dec 2022 | 9:01 PM

Itanagar, Dec 7 (UNI) Arunachal Pradesh Governor Brig (Retd) Dr BD Mishra on Wednesday said that time has now come for India to upgrade and graduate civil-military relations into civil-military fusion. He suggested optimization of civil-military relations should be an integral part of the National Defence Policy and must aim at making the Armed Forces ‘Atma Nirbhar’ and the country ‘Shreshtha Bharat’.

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Arunachal Guv suggests optimisation of civil-military relations

07 Dec 2022 | 8:58 PM

Itanagar, Dec 7 (UNI) Arunachal Pradesh Governor Brig (Retd) Dr BD Mishra on Wednesday said that time has now come for India to upgrade and graduate civil-military relations into civil-military fusion. He suggested optimization of civil-military relations should be an integral part of the National Defence Policy and must aim at making the Armed Forces ‘Atma Nirbhar’ and the country ‘Shreshtha Bharat’.

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Andaman BJP chief apprises Gadkari about pathetic condition of NH4

07 Dec 2022 | 8:53 PM

Port Blair, Dec 7 (UNI) The president of BJP’s Andaman and Nicobar State unit Ajoy Bairagi called on the Minister of Road Transport and Highways of India, Nitin Gadkari and apprised hm about the extremely pathetic condition of NH4, which is also known as Andaman Trunk Road.

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