India to have guidelines for non-banking housing finance companies

The National Housing Bank (NHB) will soon come out with guidelines for non-banking housing finance companies to give impetus to funding for housing sector and create an asset-backed securitisation thereby further expanding the securitisation domain, R.V. Verma, chairman, NHB said at an event held in New Delhi today. Non-banking finance companies (NBFCs) are riskier than […]

CII calls for immediate announcements on FDI, taxes, policies to perk up sentiment

The biggest industry association in India, the Confederation of Indian Industry, has called for urgent announcements to boost ‘sentiment’ in the Indian economy and reverse the downward slide in the indices. The CII’s statement came after the latest numbers showed that industrial production growth rate slowed to just 0.1% cent in July due to poor […]

Industry disappointed, analysts shrug after RBI keeps interest rates unchanged

Industry has expressed its disappointment at the Reserve Bank of India’s decision to keep key interest rates unchanged, calling the move “deeply disappointing.” The Assocham, which represents several big basic industries and manufacturers, said RBI should have made more money available for companies so that they could produce more, and bring down prices. “The only […]