#rbi governor

[blog4nation]

REAL ESTATE PROFITEERING

The real estate sector in India, particularly in cities like Gurgaon, Mumbai, and Bengaluru, has witnessed unprecedented profits, with some reports suggesting a staggering 5000% profit margin. This has led to a situation where the prices of apartments, even 3.5 BHK or 5.5 BHK, have skyrocketed, making them unaffordable for the average working-class individual.

The prices of luxury apartments in Gurgaon, for instance, have reached an all-time high, with some properties costing upwards of ₹36 crore. This price rise has been fueled by the growing demand for luxury housing, coupled with the limited availability of land and infrastructure. The situation is similar in Mumbai and Bengaluru, where the prices of apartments have increased exponentially over the past few years.

The impact of this price rise on the average working-class individual has been devastating. Many are finding it difficult to afford even the most basic of apartments, let alone luxury ones. The rent prices have also increased significantly, making it difficult for people to find affordable accommodation. This has led to a situation where many are being forced to live in slums or on the streets, highlighting the dire need for affordable housing in these cities.

The Indian government has taken some steps to regulate the real estate sector and control profiteering. The Goods and Services Tax (GST) Council has implemented anti-profiteering measures to ensure that businesses pass on the benefits of reduced tax rates to consumers. The National Anti-Profiteering Authority (NAA) has also been established to investigate cases of profiteering and impose penalties on businesses that fail to comply with the anti-profiteering provisions ¹.

However, more needs to be done to control the price rise and ensure that housing is affordable for all. One possible solution is to increase the supply of land and infrastructure, which would help to reduce the prices of apartments. The government could also consider implementing policies to control the price rise, such as imposing a ceiling on the prices of apartments or providing incentives to developers who build affordable housing.

In conclusion, the profiteering in the real estate sector in cities like Gurgaon, Mumbai, and Bengaluru is a pressing issue that needs to be addressed. The government, developers, and other stakeholders must work together to ensure that housing is affordable for all and that the prices of apartments do not rise exponentially.

*Possible Solutions:

*_Increase Supply of Land and Infrastructure:_ The government could consider increasing the supply of land and infrastructure, which would help to reduce the prices of apartments.

*_Implement Price Control Measures:_ The government could consider implementing policies to control the price rise, such as imposing a ceiling on the prices of apartments or providing incentives to developers who build affordable housing.

*_Promote Affordable Housing:_ The government could consider promoting affordable housing by providing incentives to developers who build affordable housing or by implementing policies that encourage the development of affordable housing.

*_Regulate the Real Estate Sector:_ The government could consider regulating the real estate sector more effectively, including implementing stricter penalties for developers who engage in unfair practices.

Article by

Madhusudan Lal

Blogger

(Copy Rights Reserved)

Sourced:

[blogy-hub]

[todayworldnews2k21]

RBI's New Era: Sanjay Malhotra Assumes Office As New Governor

Sanjay Malhotra took office as the 26th Governor of the Reserve Bank of India on Wednesday. He previously served as the Revenue Secretary and will serve a three-year term at the helm of India’s central bank. Malhotra succeeds Shaktikanta Das, whose term as RBI Governor concluded on Tuesday. Malhotra has stepped into the role at a time when India’s economy faces slowing growth and persistent…

[global-newz]

Sanjay Malhotra Appointed RBI Governor to Lead Inflation Battle

In a pivotal leadership transition, Sanjay Malhotra, a seasoned bureaucrat and top revenue officer, has been appointed as the new Governor of the Reserve Bank of India (RBI). Malhotra, a 1990 batch IAS officer of the Rajasthan cadre, will take charge as Shaktikanta Das completes his six-year tenure. The announcement, made by the Union Cabinet's Appointments Committee, marks a critical moment in India's ongoing fight against inflation.

From North Block to Mint Road

Having previously overseen India’s direct and indirect tax administration, Malhotra brings a wealth of experience in fiscal management. His extensive background includes leadership roles in financial services, power, mining, and IT. Like his predecessors Shaktikanta Das, D. Subbarao, Y.V. Reddy, and Bimal Jalan, Malhotra transitions from the finance ministry to helm India’s central bank, showcasing a tradition of blending fiscal expertise with monetary governance.

Inflation: A Persistent Challenge

Malhotra assumes office at a time when India is grappling with inflationary pressures. October's Consumer Price Index (CPI) inflation rate of 6.21% exceeded the RBI’s upper tolerance limit of 6%, driven by stubbornly high food prices. Tackling inflation within the RBI’s flexible 2-6% target range remains a priority for the Monetary Policy Committee (MPC).

In his final address, outgoing governor Das highlighted the importance of maintaining a vigilant anti-inflationary stance, expressing optimism that easing food price shocks would help align headline inflation with the target. However, experts predict a challenging road ahead for Malhotra, with projections of inflation normalization only by the September quarter of FY26.

New Leadership Dynamics

Malhotra’s appointment coincides with significant changes in the MPC. Recently, three new external members joined the six-member committee: Ram Singh from the Delhi School of Economics, Saugata Bhattacharya, a former Axis Bank economist, and Nagesh Kumar, head of the Institute for Studies in Industrial Development. They join internal members Rajiv Ranjan, Michael Debabrata Patra (Deputy Governor), and Malhotra himself. This reshuffle sets the stage for fresh perspectives in monetary policymaking.

The February 2025 MPC meeting, Malhotra’s first as governor, is expected to be closely watched. Economists from Capital Economics anticipate a potential 25-basis-point repo rate cut, signaling a possible shift in monetary policy under the new leadership.

External Pressures and Global Challenges

The global economic environment presents additional hurdles. Geopolitical tensions, supply chain disruptions, and surging commodity prices continue to exert inflationary pressure. Protectionist policies and trade tariffs, particularly from major economies, further complicate the outlook. As governor, Malhotra must navigate these external challenges while maintaining domestic economic stability.

A Strategic Appointment

Malhotra’s tenure is set to be pivotal, with his experience in fiscal policy and governance expected to influence his approach to monetary challenges. The blend of a new governor and recently appointed MPC members is anticipated to bring a fresh outlook to the RBI’s inflation-targeting strategy.

Economists like Madhavi Arora from Emkay Global Financial Services have noted that the macroeconomic landscape in 2025 presents distinct challenges compared to earlier years. Malhotra’s leadership will be crucial in steering India’s central bank through this complex economic terrain.

Conclusion

Sanjay Malhotra’s appointment as the RBI governor marks a new chapter in India’s fight against inflation. With his fiscal expertise and a revamped MPC, Malhotra is poised to lead the RBI through economic challenges, balancing growth, stability, and inflation control in an evolving global landscape. As India watches this transition, all eyes will be on the central bank’s policy trajectory in the coming months.

[radcollectionexpertthings-blog]

Sanjay Malhotra Appointed as New RBI Governor

[timelessnewsnow]

In a major development, the Indian government has appointed Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das. Malhotra, a seasoned bureaucrat from the Rajasthan cadre, takes charge at a pivotal time for India’s economy, with inflation concerns, a weakening currency, and slowing growth. His appointment also marks the continuation of a trend where finance ministry officials have been at the helm of the central bank.

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[bhaskarlive]

Indian economy capable of handling global shocks: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the Indian economy is strong enough to handle any adverse fallout from global events.

Source: bhaskarlive.in

[newjobupdate27]

RBI HallTicket 2023 Download Now

[wdtom]

New RBI Governor Sanjay Malhotra To Take Charge

Sanjay Malhotra, a seasoned bureaucrat with over 30 years of experience, has been appointed as the 26th Governor of the Reserve Bank of India (RBI) for a three-year term starting December 11, 2024. His appointment is timely, as India’s economy faces multiple challenges. Sanjay Malhotra is a respected Indian Administrative Service (IAS) officer from the 1990 batch, representing the Rajasthan…

[jaatanilsolanki]

Get the latest updates on the RBI Governor's statement debunking rumors of the reintroduction of Rs 1,000 notes after the withdrawal of Rs 2,000 notes. Stay informed about currency management, demonetization, and other financial news.

[todayworldnews2k21]

Revenue secretary Sanjay Malhotra to be next RBI governor - Times of India

Revenue secretary Sanjay Malhotra (File photo) NEW DELHI: Government on Monday sprung a surprise by naming revenue secretary Sanjay Malhotra, 56, as the 26th Reserve Bank of India governor to replace Shaktikanta Das, whose six-year stint on Mumbai’s Mint Road ends on Tuesday.After weeks of suspense, the appointments committee of cabinet zeroed in on Malhotra hours before Das’s tenure was to end.…

[newswatchindia]

These days the pink color note is very much discussed. The decision to demonetise the Rs 2000 note has left people breathless. After this decision of the Reserve Bank of India (RBI), wherever you look in the street, or anywhere during the journey, there is only talk of 2000 notes.