Updates from : The Hindu : Committee will submit report within 90 days from the date of its first meeting The Reserve Bank of India (RBI), in consultation with the government, has set up a six-member committee to review the economic capital framework of the central bank. Former RBI Governor Bimal Jalan will be the committee’s chairman and former Deputy Governor Rakesh Mohan deputy chairman. The other members are Economic Affairs Secretary Subash Chandra Garg, RBI Deputy Governor N.S. Vishwanathan and two board members of the RBI — Bharat Doshi and Sudhir Mankad. Dr. Jalan was the Governor of the RBI between November 1997 and September 2003. The committee would submit its report within 90 days from the date of its first meeting, the RBI said in a statement on Wednesday.
Updates from : The Hindu : Homebuyers gained but realtors faced liquidity issues The year 2018 has been a mixed bag for the real estate sector with homebuyers gaining in the form of better bargaining power and developers facing several challenges, including one of liquidity. “Homebuyers gained in terms of better bargaining power, right pricing and ready-to-move-in properties. High inventory may be bad for developers, but supplies helped in keeping prices under control. So many end-users, who kept away from buying a house, could do so in 2019,” said Pankaj Kapoor, Founder & MD, Liases Foras. In the commercial office space segment, leasing activity improved in double digits and on the residential front, absorption rose in the key cities of Mumbai, Bengaluru, Chennai, Hyder
Updates from : The Hindu : Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71. Benchmark equity indices on Friday opened on a cautious note amid negative signals from other Asian markets, and mixed macro cues like weakening rupee and easing crude prices. Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71. The NSE Nifty saw similar movement, shedding 5.55 points, 0.05 per cent, to 10,786.00. The Sensex Thursday climbed 150.57 points, or 0.42 per cent, to end at 35,929.64, while the broader NSE Nifty rose 53.95 points, or 0.50 per cent, to 10,791.55. Investors were also on edge ahead of RBI central b