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Housing demand continues to be strong and is expected to grow further on the back of tax incentives offered in the Budget and a recent repo rate cut, CREDAI President Boman Irani said. CREDAI is an apex body for private real estate developers. In an interview with PTI, Irani asserted that there are no signs of demand slowdown in the Indian housing market, rather it will continue to rise in the long-term horizon. However, he said there could be an impact in some markets that are "over-heated" but overall at pan-India level there are no concerns at all on the growth going up only. Short-term blips in a real estate cycle is not something that we need to worry about. We need to see long-term growth," he told PTI in Nashik, where CREDAI recently organised its two-day conference. Asked whether the frenzy and euphoria seen in the last three calendar years has subsided, Irani said, "I don't think so." He cited the property registration data of Mumbai market for February this year to prove

Indian Economy

TREND | 16 Mar 2025, 02:21PM

PM Modi hails RBI for being selected for Digital Transformation Award 2025

Business Standard

Prime Minister Narendra Modi on Sunday hailed as a "commendable accomplishment" the Reserve Bank of India being selected for the Digital Transformation Award 2025, and said it reflects an emphasis towards innovation and efficiency in governance. In a post on X, the Reserve Bank of India (RBI) said it has been selected for the Digital Transformation Award 2025 by Central Banking, London, UK. "RBI was awarded and recognised for its initiatives, including Pravaah and Sarthi systems, that have been developed by an in-house developer team. The awards committee noted how these digital initiatives have reduced use of paper-based submissions thus transforming RBI's internal and external processes," the post read. Tagging the post, Modi said, "A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance." Digital innovation continues to strengthen India's financial ecosystem, thus empowering countless lives, the prime minister said.

EIL, MECON, and 4 others in fray for RBI's currency management project

Business Standard | 16 Mar 2025, 01:35PM

Indian Economy

TREND | 15 Mar 2025, 11:10PM

Delhi CM holds Budget discussion with farmers, assures them of all help

Business Standard

Chief Minister Rekha Gupta Saturday received feedback from Delhi farmers ahead of the tabling of her government's budget on March 25 and assured them of solving all their problems. In an interaction held at the Delhi Secretariat, the farmers raised their demands for the immediate implementation of a land pooling policy, subsidy on fertilisers and seeds, and saving standing crops from inundation due to overflowing drains during the rainy season. The farmers also informed the chief minister that their diesel-run tractors were seized after those completed 10 years. They demanded that the government allow them to use tractors for farming purposes for up to 20 years. Besides the chief minister, PWD minister Parvesh Verma was also present during the interaction. CM Gupta said that the previous governments "did nothing for farmers and neglected their needs" but the "double-engine" government of the BJP would address their every issue. "Each suggestion received from the farmers will be loo

India's forex kitty jumps sharpest in 2 yrs, rises $15.26 bn to $653.96 bn

Business Standard | 15 Mar 2025, 01:22PM 2 more

Indian Economy

TREND | 15 Mar 2025, 03:10PM

TN Agri Budget FY26: Increased outlay, farmer welfare boost, and new projects

Business Line

The Agriculture Budget 2025-26 focuses on boosting farmers' income while expanding into crop diversification, organic farming, mechanization, and nutrition initiatives

Indian Economy

TREND | 15 Mar 2025, 12:14PM

NBFC sector strengthens with RBIs positive stance and rate cut support for growth: Jefferies

Business Line

The overall macroeconomic environment is improving with increased government spending and RBI's measures to ease liquidity constraints

Indian Economy

TREND | 14 Mar 2025, 08:25PM

TN Budget: Major boost for welfare & infra ahead of polls

Business Line

Higher allocations for women, education, and capital investment take center stage

Indian Economy

TREND | 14 Mar 2025, 06:37PM

Budget allocation for health sector as percentage of GDP declining: Parliamentary Standing Committee

Business Line

Call to increase outlays due to inflationary pressures, population growth

Tamil Nadu Budget 2025: Focus on women, youth and government employees

Business Line | 14 Mar 2025, 05:07PM 1 more

Indian Economy

TREND | 14 Mar 2025, 05:12PM

TN Budget: Fiscal deficit seen at 3% of GSDP in FY26; Hosur to be new GCC

Business Standard

Finance minister Thangam Thennarasu said that the state's revenue for the financial year 2025-26 is estimated at Rs 3,31,569 crore, while expenditure is estimated at Rs 3,73,204 crore