RBI ups limits on housing loans from co-op banks, backs affordable housing

The Reserve Bank of India on Wednesday doubled the limit on housing loans from cooperative banks and also permitted Rural Cooperative Banks (RCB) to finance residential real estate projects to support affordable housing and inclusive growth. The central bank allowed urban cooperative banks (UCBs) to provide doorstep banking services to meet the needs of customers, especially senior …

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GST Council may bring rate on  li-ion cells  on par  with  EVs

India may cut the goods and services tax on lithium-ion batteries and bring them on a par with taxes on electric vehicles to give a fillip to its green mobility plans. Discussions have begun among various stakeholders in the Union government on ways to proceed with the plan, which is crucial to making the country …

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