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Why the RBI rate cut is a boon for NRIs

Prime Minister Narendra Modi has vowed to bring in reforms to India that will bolster future growth and development, and this was affirmed on Thursday as the Reserve Bank of India (RBI) cut its key interest rate by a quarter of a percentage point to 5.75 per cent from 6 per cent with immediate effect to fortify the economy. The interest rate is what the RBI charges on lending to commercial banks.

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June 2, 2019

Bank of Baroda: Ode to development

D. Ananda Kumar, Chief Executive (GCC Operations), Bank of Baroda, expects a strong banking and finance frontier, courtesy of reforms under Modi 2.0 government. Excerpts: Bank of Baroda is a premier bank in India and looking at the elections from our perspective, we would want a stable government that would first and foremost look at the all-round development of the country.

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March 16, 2019

India reforms, elections would likely dictate NRI investment sentiment

Investment in infrastructure development, anticipated record remittances to accelerate GDP and put economy on road to success Non-resident Indians in the UAE have been closely monitoring developments back home as 2019 is poised to be a year when elections in April-May will decide the course of further economic reforms that will pave the way for 8 per cent GDP growth in years to come, industry stalwarts say.

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january 22, 2019

Real estate investment trusts lower entry barrier for investors

There are currently only a handful of active Reits in the UAE Individual retail investors in the UAE are increasingly looking at real estate investment trusts (Reits) to access property portfolios without owning underlying assets. This reduces the risk associated with owning a property and also gives investors exposure to different asset classes.

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