Rate cut to spur residential demand, lower home loan rates: Industry

IANS | February 7, 2025 11:24 AM

New Delhi, Feb 7 (IANS) The real estate industry on Friday welcomed the much-awaited benchmark rate cut of 25bps by the Reserve Bank of India (RBI), saying lowered interest rates will further nudge homebuyers to buy an ownership home with an upgraded lifestyle.

RBI raises real GDP growth forecast to 6.7 pc for 2025-26

IANS | February 7, 2025 11:22 AM

Mumbai, Feb 7 (IANS) The Reserve Bank of India (RBI) on Friday raised the country’s real GDP growth forecast to real GDP growth for 2025-26 to 6.7 per cent, as it expects a robust rabi crop output and an expected recovery in industrial activity to support economic growth going ahead.

IRDAI directs health insurers not to hike premium for senior citizens by over 10 pc

IANS | February 7, 2025 10:20 AM

New Delhi, Feb 7 (IANS) As health insurance companies have implemented steep premium hikes across age groups — some insurers even increasing health premiums up to 200 per cent — the Insurance Regulatory and Development Authority of India (IRDAI) has directed them not to revise premium rates for senior citizens by more than 10 per cent per annum.