NRIs soon to see single investment regime

By Accommodation Times Bureau NEW DELHI In a move bringing NRIs (Non-Resident Indians) and portfolio investment scheme under one umbrella, Sebi’s (Securities and Exchange Board of India) board to recommend a single investment system for NRIs and portfolio investment scheme to be merged with foreign portfolio investors, a source said. Foreign portfolio investment is the

Repo Rate Unchanged: Infrastructure and construction sector continued to show solid growth says MPC

By Rohit Sharma NEW DELHI: The Reserve Bank of India in its fourth bi-monthly statement, issued on October 5, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per

Indiabulls Finance raises Rs 315 crore for affordable housing sector

By Accommodation Times Bureau NEW DELHI A home-loan provider firm, Indiabulls Housing Finance Limited (IBHFL) has raised about Rs 315 crore via masala bond, IBHFL said in a statement on Wednesday. The company stated in a statement that, the Indian currency denominated bond proceeds will be used for financing the affordable housing sector. “This

Real Estate Assets, Going To Put Rich Ménages Up in The Wealth Chain: RBI report

By Accommodation Times Bureau Pune ‘When ménages become wealthier in India, they tempt to gravitate more towards real estate attribute’, reveals a report of the Household Finance Committee published by the RBI lately. "Rich households trade off gold holdings for real estate. (Like others) They do not increase their wealth allocation to either financial assets or retirement accounts," it said,

Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies, constituted by Government

  By Accommodation Times Bureau   The Committee to submit its report within three months The circulation of Virtual Currencies which are also known as Digital/Crypto Currencies has been a cause of concern. This has been expressed in various fora from time to time. Reserve Bank of India had also cautioned the users,