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rbi-cancels-registration-of-31-nbfcs
economy
RBI cancels registration of 31 NBFCs

File photo MUMBAI: The Reserve Bank Friday cancelled the certificate of registrations of as many as 31 non-banking finance companies (NBFCs) for unspecified reasons. It also cancelled the certificate of registrations of 17 NBFCs following a request by them for the same. The action comes amid difficulties faced by the NBFCs sector. A majority 27…

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a-fifth-of-china8217s-housing-is-empty-that8217s-50-million-homes
economy
A fifth of China’s housing is empty, that’s 50 million homes!

Chinese President Xi Jinping’s mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to Professor Gan Li, who runs the main nationwide study. That…

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decoding-the-curious-case-of-greater-noida-wests-missing-pins
economy
Decoding the curious case of Greater Noida West’s missing PINs

File photo BY: Ashni DhaorGreater Noida West (earlier known as Noida extension) is known as an up-and-coming neighbourhood with over 50 highrise residential societies and more than one lakh residents, but this realty hub still lacks PIN codes despite being inhabited for the past three years. Last month, the members of the Noida Extension Flat…

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rbi-cancels-registration-of-31-nbfcs
economy
RBI cancels registration of 31 NBFCs

File photo MUMBAI: The Reserve Bank Friday cancelled the certificate of registrations of as many as 31 non-banking finance companies (NBFCs) for unspecified reasons. It also cancelled the certificate of registrations of 17 NBFCs following a request by them for the same. The action comes amid difficulties faced by the NBFCs sector. A majority 27…

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relaxed-fsi-will-give-more-room-to-tamil-nadu-housing-board-settlements
economy
Relaxed FSI will give more room to Tamil Nadu housing board settlements

File photoCHENNAI: The relaxed floor space index norms (FSI is the development potential of a property prescribed by the regulatory agency and is the ratio of land area to built-up area) could usher in the concept of cluster redevelopment in residential colonies and apartment complexes promoted by the Tamil Nadu Housing Board in Chennai in…

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