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Project fraternity shares view post RBI Policy announcement

Project fraternity shares view post RBI Policy announcement

Mohit Goel, CEO, Omaxe With sharp reduction in policy rates announced since March, a pause was always on the cards. But we expected the apex...
;The RBI was expected to announce a status quo on rates after multiple and significant repo rate reductions over the past few months. The move to offer a further Rs 10,000 crore to NABARD & NHB will help bring liquidity to the sector. The 90 percent lending against gold will make it easier for the middle class to avail liquidity. It is important now for the RBI to further reduce the reverse repo to help banks lend further and let go of the cautious approach that has been adopted currently. Importantly, the move to form an expert committee to examine the one-time restructuring of loans will significantly help borrowers mitigate the impact of COVID-19 and the subsequent lockdowns."

Kaushal Agarwal – Chairman, The Guardians Real Estate Advisory on RBI policy announcement

"The RBI was expected to announce a status quo on rates after multiple and significant repo rate reductions over the past few months. The...
“A Positive step by Reserve Bank of India to pay heed to India Inc’s long pending demand of one time restructuring of loans without classifying them as NPAs, by setting up an expert committee steered by KV Kamath. Opening up the window for restructuring of loans to companies, individuals and MSME under mandated safeguards grants breather to the liquidity strapped industry. A flexible repayment scheme under the new resolution framework shall bring in the much-needed relief to resume operations smoothly. He additionally acknowledged the fact accorded by the RBI governor of maximum transmission of rate cut benefits percolating down the banking stream, which shall be reflected in easing the credit supply to meet working capital needs of the Industry across the board. Additionally, liquidity of Rs 10,000 crore announced to be infused in NABARD and NHB will definitely aid the reeling sector to tide over the liquidity crisis”. This indicates that the fiscal measures by RBI have started showing the positive outcomes on the economy."

Dr Niranjan Hiranandani – President, Assocham & NAREDCO on RBI policy announcement

“A Positive step by Reserve Bank of India to pay heed to India Inc’s long pending demand of one time restructuring of loans without...
''The RBI has approved a long pending demand of the real estate sector to allow one-time restructuring of loans. This will boost the much-needed liquidity and streamline stressed assets in the real estate sector. But this restructuring comes with a stipulation and It will be implemented by 31 March 2021. It would have been an icing on the cake, had the RBI considered the net worth positive projects and allowed one-time restructuring for all the projects, which were held up. On the other side, the move will upscale the efforts of the realtors to revive the housing demand by selling-off unsold housing inventories too. Another Rs 10,000 crore window facilitated through the National Housing Bank & NABARD will shield the housing sector from liquidity disruptions and will augment the flow of finance to the sector through housing finance companies. This provision will reduce the stress being faced by smaller non-bank finance companies and micro-finance institutions in obtaining access to liquidity.''

Rajan Bandelkar, President, NAREDCO West on RBI policy announcement

''The RBI has approved a long pending demand of the real estate sector to allow one-time restructuring of loans. This will boost the much-needed...
RBIs proactive measure will help revive economy Dr Niranjan Hiranandani, President

RBI’s proactive measure will help revive economy: Dr Niranjan Hiranandani, President – Assocham and...

Measures like the reduction in repo rate by 40 basis points, the extension of term loan moratorium till 31 August 2020 is an honest...

Himanshu Chaturvedi, Chief Strategy Officer, Tata Projects shares view on Atmanirbhar Bharat initiative

“The Government’s Atmanirbhar Bharat initiative has recognised “Infrastructure” as one of the five pillars. This is an acknowledgement of the sector’s key role in...
Project fraternity shares view post Finance Ministers announcement

Project fraternity shares view post Finance Minister’s announcement

Mohit Goel, CEO, Omaxe The extension CLSS scheme by one more year along with extended project completion timeline will help in addressing both demand...

Financial vaccine would restore and revive lives at the bottom of the pyramid: Dr...

The COVID infected economy got the second dose from the finance ministry and would boost the immunity of some of the most underprivileged sections...
Kaushal Agarwal Chairman, The Guardians Real Estate Advisory on extension of deadline for CLSS scheme

Kaushal Agarwal – Chairman, The Guardians Real Estate Advisory on extension of deadline for...

"The CLSS or Credit Linked Subsidy Scheme has been extended for the MIG 1 & MIG 2 category by another year, as part of...
Sumant Sinha, CMD ReNew Power on financial relief for Power sector announced by FM

Sumant Sinha, CMD ReNew Power on financial relief for Power sector announced by FM

“The Rs 90,000 crore liquidity infusion into discoms will breathe fresh life into the power sector and protect distribution companies from going bankrupt. This...