Addressing to the People of India, Finance Minister Nirmala Sitharaman made many major and several announcement. The decisions were taken with the perspective of improving and boosting Indian Economy. To address the best of the key announcements that are as follows:-
1) The GST systems would be further simplified.
2) There would online tracking systems available for checking the home loans process.
3) The home loans will be cheaper and banks have agreed to cut down the rate that is being announced by RBI to customers.
4) Private sector banks to return loan documents to customers within 15 days of loan closure.
5) In order to complete all the stalled project the Government will likely do stress fund of 20,000 crore. A Special window will also be provided to Middle and affordable housing developers. The main propose behind this plan is completion of construction for unfinished units. LIC will also invest in the stress fund.
6) Even the interest rate of house building shall be lowered and linked with 10 year G sec yields.
7) By March 2020 at 4 places Dubai like shopping festivals will also be announced and major theme would be Yoga, Textile, Tourism and Leather.
No comments:
Post a Comment