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A Welcomes Move By SBI Cap To Reduce IRR
Jun 2020 , by in EXPERT ZONE

Shishir Baijal, Chairman & Managing Director, Knight Frank India   In some relief for the real estate sector during the covid-19 pandemic, alternative asset manager SBICAP Ventures Ltd has decided to reduce its internal rate of return (IRR) on funding of stalled affordable housing pro... Read more...

Fight Against Corona A Long One: PM
Jun 2020 , by in News/Views

Prime Minister Narendra Modi addressed the nation through his monthly radio programme ‘Mann Ki Baat’ and said that the road ahead in the fight against the coronavirus was a long one. He said that it is important to be more vigilant now as a major chunk of the economy has opened up. PM Modi sa... Read more...

Unlock -1 Guidelines
Jun 2020 , by in News/Views

The Home Ministry, while lifting the restrictions on Saturday under ‘Unlock 1’, had said that governments of States and union territories will be free to regulate movement for public health reasons, provided they give wide publicity to the restrictions in advance. Maharashtra, Tamil Nadu: con... Read more...

SWAMIH to Provide Funding at 12% IRR
Jun 2020 , by in News/Views

“Given the extraordinary circumstances, SWAMIH Investment Fund I shall now provide construction funding at a 12% IRR," informed Irfan A Kazi, chief investment officer, SWAMIH Investment Fund I. The Special Window for Affordable and Mid-Income Housing or SWAMIH Investment Fund I is being managed... Read more...

New ITR Forms with New Mandatory Disclosures
Jun 2020 , by in News/Views

The new ITR forms require assesses to furnish details if their cash deposits exceed Rs 1 crore or if they have spent over Rs 2 lakh on foreign travel or their electricity bill is Rs 1 lakh or more in the fiscal, in case they are not otherwise required to file income tax returns. The form, earlier... Read more...

Retailers Ready to Quit Malls
Jun 2020 , by in News/Views

More than 350 retailers are threatening to down shutters in malls if their demands for rent-waivers and new rental agreements are not met. Due to the coronavirus outbreak, malls are seeing a lower footfall than before as consumers would want to avoid crowds, and move further towards online platfo... Read more...

Stone Industry Resumes Operations
Jun 2020 , by in ALLIED

Work has started in stone-based units of Rajasthan and the sector is expected to provide jobs to local workers and artisans,. Work has started in most of the traditional stone-based units at Sikandra, Kota, Jhalawar, Karauli, Bayana, Dholpur, Jaisalmer, among others, Additional Chief Secretary Subod... Read more...

UCO Bank Reduces Lending Rate
Jun 2020 , by in ALLIED

State-run Uco Bank said it has reduced its lending rate linked to the Reserve Bank of India's (RBI) repo rate by 40 basis points. "We have slashed the repo based lending rate - UCO Float by 0.40 per cent to 6.90 per cent from 7.30 per cent, effective from May 27," the bank stated. This reduction ... Read more...

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