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On Tuesday, Union minister for housing and urban affairs, Hardeep Singh Puri, released a report prepared by Moneylife Foundation to document the efficacy of Real Estate Regulation and Development Act, 2016 (RERA) in India from the consumer perspective. The research project, made possible due to the support of Housing Development Finance Corp (HDFC) and its top management team, highlighted that RERA has been a game changing legislation that has imposed discipline, transparency and accountability on developers and intermediaries.
However, the Report on Efficacy of RERA From the Consumer Perspective 2020 shows that the implementation of the law has been slow. While the report documents great strides made by some states like Maharashtra, it also points out that adoption and implementation across different states is uneven. West Bengal stands out like a sore thumb having enacted its own law. It has taken three years for some states to fall in line. Here is the current st
After a deadly attack on the citadel of American democracy, Congress defiantly resumed its constitutional task of tallying the electoral colleges votes to plant the final seal on Joe Biden s election as the 46th US President and Kamala Harris as Vice President.
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Employers trust brokers to guide them to the best value, but conflicts of interest abound. Tucked into the coronavirus relief bill, a new federal requirement will mandate more transparency.
Like a lot of big federal spending bills, the new coronavirus relief package is a grab bag of unrelated legislation.
And one provision in the 5,593-page measure passed last month could lead to revealing conversations between employers and the brokers they rely on to find them the best deals on health insurance and other benefits.
The Consolidated Appropriations Act, 2021, the much-debated legislation that authorized a new round of stimulus checks for many U.S. households, mandates that brokers disclose to employers how much they make from insurance carriers and vendors.
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The stock of Adani Gas Ltd (AGL) has shot up from Rs107 to Rs375 in the past six months which is much more than the other three gas distribution companies’ (Mahangar Gas, Indrapratha Gas and Gujarat Gas). Is the stock worth considering even now?
Adani Gas is in city gas distribution (CGD) business which involves marketing and distribution of natural gas. AGL supplies piped.
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Increase in credit from banks may not always lead to a rise in investments as largely anticipated, said an RBI working paper.
The analysis shows that in the banking sector, partial monetary policy transmission happens with a lag. Further, banks respond to changes in money market spreads faster and better than changes in policy rate.
The working paper titled Monetary Policy Transmission in India: New Evidence from Firm-Bank Matched Data noted that quick and significant bank loan expansion resulted from a change in term spread.
Citing its analysis, the paper said: We show that in addition to slow or lagged monetary policy transmission, an increase in credit may not always find its way towards increasing investments.