-MoneyControl.com In post-DeMo Q4 2016-Q3 2021, sales of approximately 10.37 lakh units outstripped new launches that were at approximately 9.04 lakh units Cash transactions in the housing market have reduced by at least 75-80 percent since demonetisation five years ago. Buyers no longer buy homes to get rid of black money - they now buy them because they want to own homes. But the component is still finding its way into property...
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Odisha’s forest produce gatherers hit hard -Satyasundar Barik
-The Hindu In the pandemic, there aren’t enough buyers and government procurement is delayed For the second year running, forest dwellers across Odisha have been deprived of the right price for the Non-Timber Forest Produce (NTFP) gathered by them. With the COVID-19 pandemic disrupting local economies across the country, the NTFP market in Odisha has also suffered due to the absence of adequate buyers this year. “Last year, when the COVID-19 pandemic surfaced, forest...
More »In Significant Victory for Home Buyers, SC Rejects Developer’s Appeal on Excess Sale Area -Newsclick.in
-Newsclick.in ‘In fact, this is a common practice adopted by majority of builders/developers which is basically an unfair trade practice,’ the NCDRC had said in its order. In a significant victory for home-buyers the Supreme Court dismissed a builder’s appeal on January 12 and upheld the National Consumer Disputes Redressal Commission’s (NCDRC) ruling in favour of a home-buyer. It had held that the builder’s demand for more money over the contractual sale,...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Fixing the rules of the economy -Arun Maira
-The Hindu The fundamentals of the game have to change as they currently favour wealthy investors and not workers and tiny enterprises India has an incomes crisis: incomes of people in the lower half of the pyramid are too low. The solutions economists propose are: free up markets, improve productivity, and apply technology. These fundamentals of economics must be re-examined when applied to human work. Three solutions Economists say markets should be freed up...
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