Tag: Financial Crunch

Rs 1 trillion fund for infrastructure sector advocated

The Associated Chambers of Commerce and Industry (Assocham) has urged the government to set up a Rs.1 trillion ‘revolving fund’ to assist infrastructure firms to weather the global meltdown. ‘Several expansion plans in steel, auto, fertilizer, refineries and oil and gas exploration sectors currently face severe capital shortages,’ said the industry body, adding that the […]

Home prices may fall in first quarter of 2009

Potential home buyers, who have been deferring their purchase decisions, may have to wait till April-May to get a good deal. The ripples of the ongoing financial crunch, coupled with mounting pressure from various other circles, will peak between January and March. That’s when many developers will be forced to sell the unsold stock at […]