J C Sharma, MD, Sobha Developers believes that the forthcoming Budget will decide how the demand situation will pan out going forward. However, Sharma feels that the worst is behind for the real estate sector with the Reserve Bank of India giving clear indications that interest rates have reached the peak of the tightening cycle. An optimistic Sharma said that 2012 will be a year of growth where realty companies...
06:17 PM, Mar 02, 2012
The Reserve Bank of India (RBI) is likely to introduce two years timeline for restructured assets to be classified as standard assets, sources told CNBC TV18. This means, restructured assets can be treated as standard assets after two years. However, if the loan account slips even after the upgradation, it would be treated as restructured account again. Earlier, the RBI had revised its provisioning norms in May, 2011. Accordingly, the...
06:14 PM, Mar 02, 2012
By Ramesh Chandak Indian Power sector is in crises. It is not only a sectoral challenge but now has become a national challenge. The Shunglu Committee has said that Discom (distribution companies) losses are over Rs 100,000 crore and largely funded by the banks, so even the banks will have an issue. Most of us are discussing about generation and coal availability. But even the more serious problem is of...
05:55 PM, Feb 20, 2012
New Delhi: Cement makers on Monday requested the government to bring to an end the existing anomaly, where duty on import of inputs is higher than on finished product, in the forthcoming Budget. "The Government should scrap import duty on coal, pet coke, gypsum and other fuels. The cement industry is heavily dependent on imported coal and pet coke due to short supply of indigenous coal," JK Lakshmi Cement Managing...
05:37 PM, Feb 20, 2012
Amidst a general economic slowdown, Finance Minister Pranab Mukherjee will present what could be the UPA's make-or-break Budget on March 16.
06:40 PM, Feb 17, 2012
A Committee of Governors, constituted by President Pratibha Patil, will finalise a report on revamping the agriculture sector before the forthcoming Budget, Christy Fernandes, secretary to the President, said on Thursday. The report will help both the Finance Minister and the Planning Commission to come up with right policies and programmes for the agriculture sector, he said. "We are keen to finalise the report before Finance Minister Pranab Mukherjee presents...
11:25 AM, Feb 17, 2012
New Delhi Amid moderation in industrial output, CII on Wednesday said any hike in excise duty from the current 10 per cent would further impact growth and also put burden on consumers. In its pre-Budget memorandum to the Finance Ministry, the industry chamber has recommended continuation of 10 per cent standard rate of excise duty in the next financial year. "CII is of the view that any increase in excise...
03:28 PM, Feb 16, 2012
With the budget season approaching there are a lot of discussions and aspirations of what the budget would have in store for us. However there are a few questions which most people have in mind like what exactly is the union budget? How is it going to affect me? Do I have to be happy or worried? How will it be affecting my lifestyle? Let's answer these questions. Just like...
01:17 PM, Feb 16, 2012
Mumbai, Last week was indeed flat and positive with NIFTY gaining back almost all that it had lost during the first few days. Immense fund flow clubbed with retail participation helped NIFTY to move above 5400, hinting that the markets are entering another bull phase. NIFTY is on a consolidation mode and it is having a base at 5325 and 5250. The resistance for the NIFTY will be at 5450...
02:27 PM, Feb 13, 2012
