All articles by Priya Chetty

Effects of Goods and Services Tax (GST) on the Indian real estate sector

Goods and Services Tax(GST) is a unified indirect tax which replacing all the other indirect taxes present in India such as sales tax, Value Added Tax (VAT), entertainment tax and service tax. The taxation system of India so far has been a complex web of different corporate, property and personal income taxes which made it seem opaque and vague. Until recently, different states followed different indirect tax rates for managing the movement of goods. Not only did the tax rates differ from state to state, but the types of tax were also inconsistent. The country’s complex taxation system has often been attributed as one of the barriers to not only growth of real estate sector but overall economic growth. Read more »

Strategies adopted by microfinance institutions in India to mitigate risks

Being in business for about more than 30 years, microfinance institutions still have to face risks. There is a need to build strategies to mitigate risks. Some of the major reasons include:

  • high dependency on rural population on agriculture which itself is dependent on monsoon,
  • lower income of people,
  • less employment opportunities in rural sector

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Impact of demonetisation on the real estate sector of India

The real estate market has been undergoing changes due to recent policies of the government and other initiatives. The move of demonetisation which involved currency ban was initiated by the current Government. With the introduction of demonetisation, the real estate sector was shaken up due to high involvement of cash transactions. According to Singh (2016), 35-40% of the money which was exchanged in black for selling and buying of pre-owned houses in Delhi NCR region has been curbed due to demonetisation. This will lead to unsold inventory of residential and commercial premises, increasing the drag on other sectors such as financial, steel, etc.

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Credit risk management techniques of small scale microfinance institutions in India

In the previous article, the need for credit risk management in small scale microfinance institutions was reviewed. Small scale micro finance constitute a sizeable chunk of the entire microfinance industry in India. Microfinance institutions face large amount of credit risk today. Keeping that in mind these institutions are using different approaches and techniques. This has been done to mitigate the risk pertaining to the failure of repayment by the customers.

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Importance of credit risk in micro finance institutions

Micro finance institutions operate in the Indian economy with the ultimate objective to serve the financially poor section of the society. This is done by providing them with financial support and credit services (Lyuirika, 2010). However, their objective of financial stability and their long term viability can’t be overlooked. Very often, the task of managing both the purposes becomes a bothered grindstone for such Micro Finance Institutions. The reason behind the same lies in the fact that the unprivileged section, to whom the loans are provided, lacks a stable income to provide the collateral to the loan amount. Many a times, to fulfill the objective of generating regular cash flows in the institution, proper credit risk analysis is total ignored.

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Important roles played by the European Union during the economic turmoils

The European Union (EU) is an economic unit envisaging the social, political and economic interests of its member nations, in a way that it benefits all on a common ground. The historic formation of the European Union dates back to the times when the world was experiencing the thrust of political and economic instability. This includes the First and Second World Wars. The integration process of the European sub-continent had started gradually in the aftermath of the Second World War in 1945 following the demands of its member states.

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Real estate market in Mumbai and Pune

In the past five years, there has been an undeniable slump in India’s real estate. This was due to reasons such as after-effects of the recession, inflation, inventory pile-up, etc. However the same has not been majorly felt in India’s two metropolitan cities, Mumbai and Pune. They are two of the most favourable destinations for real-estate in India for multinational companies foraying in the Indian market. Since they require retail or commercial space for setting up their presence in India, the demand for real estate in these cities has been lucrative.

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