FM hopes for sustained low rates, inflation under control
Source: PTI Expecting inflation to remain under control, Finance Minister Arun Jaitley on Saturday said he is hopeful that the downward move in interest rates will stay. Speaking at a housing market event in Mumbai, he said the Reserve Bank has lowered the rates on four occasions this year, which was a positive step for the real estate sector that was earlier adversely impacted by the hardening of rates. The RBI has cumulatively lowered its policy rate by 1.25% so far in 2015, including by 25 basis points thrice and a better-than-expected 50 basis points in the last monetary policy review. “Interest rate hardening had impacted this (real estate) sector adversely and it was a pre-requisite that we kept inflation under control ...
Obamas visit enhanced investment scope: Jaitley
The Dollar Business Bureau The Union Finance Minister Arun Jaitley on Wednesday exuded confidence that the scope of American investors investing in India has become much wider, followed by the US President Obama’s recent visit to India. Obama’s visit has forged a new commercial relation with India that is aimed at the huge investment opportunities, he said in a statement. Speaking on the sidelines of the CEOs conclave, which was addressed by the Prime Minister Narendra Modi and US President Obama, the Minister said, "The conclave of Indian and American CEOs exhibited a strong confidence about India. The desire of American businesses to invest in India was great. Their queries related essentially to the ease of doing business in India," in his ...
