Categories
Cartoon:Mujhe Mere Rupee $e Bachaao
The government today banned duty-free import of flat screen TVs by air travellers in a bid to prop up the Indian rupee, which declined to below the 63 level against US dollar.
The government, according to a notification, has decided to “disallow import of flat panel (LCD/LED/Plasma) TVs as part of free baggage allowance” with effect from August 26.
Air travellers currently can bring a flat screen television for personal use without paying any duty.
This would mean air travellers bring in TV as part of the baggage from August 26 would have to pay customs duty.
–from Financial Express
Categories
Foreign Outflow Fear Triggers India Selloff
Categories
Linkfest:Aug 20,2013
Some stuff I am reading today morning:
The Market Vs UPA (Firstpost)
PE Industry’s latest challenge:Zombie funds (Mint)
FMC thrashes NSEL figures (BS)
Vedanta’s 50,000 Crore blunder (ET)
Fed Fears reverberate in India (WSJ)
Why the bloodbath continued in rupee/debt markets (Moneycontrol)
Crisis has saved Germany 40 Billion Euros (Spiegel)
Bond King Bill Gross meditates…do you? (Marketwatch)
Dubai sees need for tallest office tower amidst 45% vacancy (Bloomberg)
7 Ways to generate brilliant ideas (BI)
Categories
Indian Real Estate is headed for a bust
You have the Indian economy in a tail-spin,equities are hammered out of shape,the job market is the worst in years,the Rupee is plunging to new lows and yet real estate is doing well…thank you very much.
The report below by 99 acres makes for fascinating reading.Most realty destinations have provided eye popping returns in the last one year.Most real estate agents are in bad shape and yet prices show no signs of abating.
[gview file=”https://alphaideas.in/wp-content/uploads/2013/08/MumbaiReport_99acres_180813.pdf”]
So what’s next?
All signs (falling transaction volume,low credit offtake,low rental yields etc) point to a bust in the real estate market.The catalyst?Elections.