Location: God's own country
Posted on: 04-03-15 05:01:48
While CD's were sleeping, RBI came up with a surprised 25 basis point cut taking interest rates to 7.5%.
This coupled with a decent budget has kept India positive.
Sensex went over the 30,000 mark (for the first time ever) and now is trading in the 29,800 mark.
Housing, which was depressed, is seeing gains along with the banking sector as NPA (Non Performing assets) is likely to come down.
The budget boosted infrastructure sector.
So the sectors which will see very good gains will be :
1. Housing
2. Banking
3. Infra projects.
Murali
-----------------------------------------------------------------
I am a Gents and not a Ladies.
Good info TK. hv thy cut interest rates for. NRE /NRO or for indian resident too. FII will not bring in funds if so. Aftr 2.2 % tds the interest wil reduce further. 
Quote:
Originally posted by tamilkuravan
While CD's were sleeping, RBI came up with a surprised 25 basis point cut taking interest rates to 7.5%.
This coupled with a decent budget has kept India positive.
Sensex went over the 30,000 mark (for the first time ever) and now is trading in the 29,800 mark.
Housing, which was depressed, is seeing gains along with the banking sector as NPA (Non Performing assets) is likely to come down.
The budget boosted infrastructure sector.
So the sectors which will see very good gains will be :
1. Housing
2. Banking
3. Infra projects.
Murali
-----------------------------------------------------------------
Revenge can be bitter sweet, but if u sit back and watch, KARMA can be pure entertainment.
TK do you have EMI on your house or do you rent your place or have you paid off your house ?
Location: God's own country
Posted on: 06-03-15 14:33:50
Adam,
I rent. Rents are at throwaway prices here. I stay at a 3 bed apartment (even in Canada I stayed at a 1 bed + 1 den at Webb drive). Rent is just Rs 10,000 with one car park.
I would like to buy in Chennai but since I am a nomad, I stall am not able to zoom onto one place.
Murali
-----------------------------------------------------------------
I am a Gents and not a Ladies.
The top 10 NPAs of public sector banks alone account for 28,000 crores and there are about 440 of them. RBI says they have with them a list. What RBI is going to do with that list, like in the case of black money bags, God only knows. Modi must do a lottery of the names, pick some of them, confiscate all their wealth and throw them on the streets. Let the children of these criminals beg at traffic signals for food. For that is what they have done and are doing to millions of Indians.
-----------------------------------------------------------------
