Thursday, Jun 4 2020 | Time 14:25 Hrs(IST)
  • 7-member Central team visits cyclone Amphan hit areas in Odisha to assess damages
  • Bukhari welcomes revocation of PSA against Shah Faesal, demands release of Mehbooba, Sagar, Naeem
  • Assam COVID tally reaches 1877
  • EESL and GAIL sign a MoU for Trigeneration projects
  • Smriti hits out at Rahul Gandhi over elephant killing incident in Kerala
  • Central team to visit Bengal on Thursday to study Amphan damages
  • Chhattisgarh registers 52 new COVID-19 patients, active cases increase to 489
  • Covid-19: Quarantine rules set to change: Minister
  • Hong Kong marks historic Tiananmen anniversary
  • Covid 19 case reaches 121 in Manipur
  • Covid-19: Stranded Chhattisgarh labourers in Karnataka to fly back
  • Covid-19: Mah returnees to undergo 3 week quarantine
  • Covid 19 tally in Odisha rises to 2478 with fresh 90 positive cases
  • Canara HSBC Oriental Bank of Commerce appoints Deven Sangoi as Chief Investment Officer
  • Covid-19 : 3 patients die, 98 fresh postive cases reported in AP
States » South


Real estate welcomes the overdue repo rate cut

Hyderabad, Feb 7 (UNI) RBI’s decision to slash the repo rate by 25 basis point to 6.25 per cent is a welcome and unexpectedly positive move, given the sops that the recent expansionary budget gave to farmers at an additional cost of Rs 75,000 crore per annum, said Anuj Puri, Chairman - ANAROCK Property Consultants.
Anuj said it was also overdue, as this has been the first cut in a long time and it definitely augurs well for the real estate sector which also received a budget bonanza in the previous week.
Rate cuts give a substantial push to property buyer sentiments, and it was certainly high time for such a cut, he said home loan interest rates increased by as much as 5-7 per cent in the last one year because the RBI hiked its repo rates by 50 basis points over the same period. In other words, home loans had become a more expensive proposition.
However, the real estate market does not depend only on marginally improved buyer sentiment - there are larger issues that hold the sector hostage right now. The liquidity issues post the NBFC crisis are a bigger concern, he said.
NBFCs and HFCs have seriously curtailed disbursements to developers. Moreover, the repayment capabilities of many developers are also in question, he stated.
Though the current account deficit (CAD) widened to 2.9 per cent in December, inflation targets are more or less within control and the GDP is estimated to grow at a very healthy 7.5 per cent in the new fiscal.
Going by these indicators, the Indian economy is looking at a good financial year ahead - always assuming that a stable government is voted to power in the upcoming general elections, he opined.
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Pleasant, windy weather prevails in most parts of Telangana

04 Jun 2020 | 2:04 PM

Hyderabad, Jun 4 (UNI) To the delight of the people in Telangana including Hyderabad, the day on Thursday began on a pleasant note with windy and cool weather prevailed after months of sultry days.

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Muslim Youth League activists pickets main entrance of Kozhikode Collectorate

04 Jun 2020 | 1:55 PM

Kozhikode, Jun 4 (UNI) In a clear and open violation of lockdown protocol including norms on maintaining social distancing, activists of the Muslim Youth League, the youth wing of the Indian Union Muslim League, picketed the main entrance of the Collectorate here and also blocked the way of Excise Minister T K Ramakrishnan on Thursday.

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Thunderstorm with lightning likely to occur in North Coastal AP, Yanam in next 48 hrs : Met

04 Jun 2020 | 1:47 PM

Hyderabad, Jun 4 (UNI) Thunderstorm with lightning and accompanied by gusty winds with speed ranging (30-40 Kmph) is likely to occur at isolated places in North Coastal Andhra Pradesh & Yanam during the next 48 hours and on Jun 6 and 7, Meteorological Centre warned on Thursday.

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Covid-19: Health experts say no to institutional quarantine

04 Jun 2020 | 1:36 PM

Bangaluru, Jun 4(UNI) Health Experts in Covid-19 Advisory Committee are against Institutional Quarantine saying it leads to possibility of healthy individuals contracting the virus.

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One held in connection with murder of woman

04 Jun 2020 | 1:35 PM

Kottayam, Jun 4 (UNI) A person was arrested on Thursday in connection with the murder of a 55-year-old woman Sheeba and seriously injuring her husband Saly during a burglary attempt at their residence in Parappadam here.

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