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New Delhi: India has introduced its first eye drop designed to potentially replace reading glasses for middle-aged individuals, offering a non-invasive solution to presbyopia—a common vision problem that affects nearly half of Indians over the age of 40. The eye drop, named PresVu, was launched by Mumbai-based Entod Pharmaceuticals following approval from the Drugs Controller General of India (DCGI) in August.

PresVu contains 1.25% pilocarpine hydrochloride, a plant-derived compound long used in various eye treatments. The eye drop specifically targets presbyopia, a condition where the eyes gradually lose their ability to focus on nearby objects, making tasks like reading increasingly difficult.

A single vial of PresVu, which lasts about a month, is priced at Rs 345 and is expected to hit pharmacies across India by October. The drug is intended to be used under the prescription of an ophthalmologist, with one drop in each eye daily. The effects last for about six hours, with an option to add another drop three to six hours later for extended relief.

Entod Pharmaceuticals CEO, Nikhil Masurkar, shared that the launch is the result of extensive research that began in 2019. Clinical trials involving 250 patients across 10 sites showed that PresVu works best in individuals aged 40 to 55 years with mild to intermediate presbyopia, temporarily correcting vision issues.

Dr. Dhananjay Bakhle, a senior pharmacologist and advisor to Entod Pharmaceuticals, highlighted the benefits of the eye drop. “For patients with presbyopia, PresVu offers a non-invasive option that enhances near vision without the need for reading glasses. Its rapid efficacy and safety profile, demonstrated in clinical trials, make it a valuable addition to the treatment arsenal,” Bakhle said.

PresVu differs from its US counterpart, Vuity, which was launched in 2022 and is the only FDA-approved eye drop for treating age-related blurry vision. Entod Pharmaceuticals has tailored PresVu’s formulation to better suit Indian eyes, which typically have more pigmented irises. The company has also applied for a patent for its unique formulation and manufacturing process, claiming that the eye drop not only eliminates the need for reading glasses but also helps lubricate the eyes.

Dr. Aditya Sethi, a Delhi-based eye specialist, explained that while presbyopia has traditionally been managed with reading glasses, contact lenses, and surgical interventions, PresVu offers an advanced alternative. “This new treatment option is set to greatly improve the quality of life for many, allowing them to perform everyday tasks with newfound ease,” Dr. Sethi said.

However, the Central Drugs Standard Control Organisation (CDSCO) has not yet made public the approval letter for PresVu, which typically outlines contraindications or potential side effects. The CDSCO has requested phase 4 data collection, which will monitor the drug’s safety and efficacy after its commercial release.

In the US, some side effects associated with Vuity, such as headaches and red eyes, were reported by less than 5% of clinical trial participants. Other less common side effects included blurred vision, eye pain, and increased tear flow. Similar monitoring will likely be necessary for PresVu as it becomes available to Indian consumers.

With the launch of PresVu, middle-aged Indians now have a cutting-edge option to manage presbyopia, potentially freeing them from the dependence on reading glasses and improving their overall quality of life.

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A significant stance against what has been dubbed ‘bulldozer justice,’ the Supreme Court of India delivered a sharp rebuke on Monday, asserting that properties cannot be demolished simply because they belong to individuals accused of crimes. This landmark observation came as the court heard a series of pleas challenging the practice of authorities demolishing homes of those accused of serious offenses.

The bench, comprising Justices B R Gavai and K V Viswanathan, made it clear that even a conviction does not automatically justify the demolition of a person’s property. “Even if he is a convict, still it can’t be done without following the procedure as prescribed by law,” Justice Gavai emphasized, underscoring the importance of due process.

Laying Down the Law

This judicial intervention is poised to bring much-needed clarity to a contentious issue that has seen numerous properties razed in recent years under the guise of combating crime. The Supreme Court, recognizing the potential for misuse, has announced its intention to establish comprehensive guidelines that will apply nationwide, ensuring that the rights of individuals are protected even in the face of criminal accusations.

Justice Viswanathan offered a poignant illustration to drive the point home: “A father may have a recalcitrant son, but if the house is demolished on this ground…this is not the way to go about it.” This remark highlights the court’s concern that the actions of one family member should not lead to punitive measures against others.

Procedure Over Punishment

The Supreme Court stressed that demolitions can only be justified if the structure in question is illegal. Justice Viswanathan proposed that before any demolition can proceed, authorities must follow a clear, step-by-step procedure: “First notice, time to answer, time to seek legal remedies, and then demolition.” This sequence ensures that property owners have the opportunity to contest the demolition through legal channels, safeguarding against arbitrary or retaliatory actions by the state.

A New Legal Framework

The court’s decision to create pan-India guidelines signals a move toward uniformity in how such cases are handled across the country. By laying down these rules, the Supreme Court aims to prevent the potential abuse of power by local authorities, who in the past have used demolition as a tool of retribution rather than a lawful corrective measure.

While the court made it clear that it would not protect illegal structures that obstruct public roads, it firmly rejected the notion that mere accusations could justify the destruction of property. This decision comes as a relief to many who have seen their homes threatened or destroyed under similar circumstances.

Looking Ahead

The Supreme Court has scheduled the next hearing on this matter for September 17, where it is expected to further outline the specifics of the guidelines. This ruling marks a crucial step in curbing the excesses of ‘bulldozer justice’ and ensuring that the principles of fairness and legality remain at the forefront of India’s judicial system.

As the nation awaits the detailed guidelines, this judgment serves as a powerful reminder that the rule of law must prevail, even in the pursuit of justice. The Supreme Court’s intervention not only protects individual rights but also reinforces the need for due process, ensuring that justice is served without resorting to arbitrary or extrajudicial measures.

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New Delhi (August 24, 2024) — The World Environment Council successfully hosted its highly anticipated Online ESG Conference on “The Future of ESG: Trends and Innovations,” bringing together global experts, industry leaders, and students to explore the evolving landscape of Environmental, Social, and Governance (ESG) practices. The event took place on August 24, 2024, from 7:00 PM to 9:00 PM IST and was attended by participants from various corners of the world.

The conference was opened by Shri. Prof. Ganesh Channa, Founder and President of the World Environment Council, who delivered the opening remarks, warmly welcoming attendees and setting the tone for the insightful discussions that followed. Mr. Puneet Trehan, Sr. Manager of ESG & Sustainability, served as the host for the event, ensuring a smooth flow of the proceedings.

The keynote address sessions featured distinguished speakers who shared their expertise on various aspects of ESG:

  • Ludwig Oscuro Federigan, EMDRCM, CBP delivered a compelling keynote on “The Evolution of ESG: Past, Present, and Future,” highlighting the transformative journey of ESG practices.
  • Dr. Sukh Dev Singh, IFS presented on “Environmental Initiatives for the Sustainability of ESG,” emphasizing the critical role of environmental stewardship in sustainable ESG frameworks.
  • Ms. Puneeta Puri, Executive Director of the Indian ESG Network, provided an in-depth analysis of the “ESG Landscape in India,” shedding light on the unique challenges and opportunities within the country.
  • Mr. Avadhani Venkat, Partner at Sustina Eco Advisors, spoke on “Human Behavior and Net Zero Goals,” exploring the behavioral shifts required to achieve ambitious environmental targets.
  • Mr. Mukesh Malik, CEO of ProjectGK, concluded the series with a thought-provoking address on “The ESG Relationship with Information Technology,” exploring the intersection of technology and sustainability.

The event concluded with a heartfelt note of thanks from the World Environment Council, expressing gratitude to all the speakers, the host, and the global audience, including ESG experts and students, for their active participation and engagement. The Council emphasized the importance of staying informed and connected in the rapidly evolving field of ESG, as it continues to play a crucial role in shaping sustainable business practices worldwide.

This conference marks another significant milestone for the World Environment Council in its mission to promote sustainability and responsible governance across the globe.

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In a major development, a nationwide strike, known as “Bharat Bandh,” has been announced for August 21, 2024, in response to the Supreme Court’s recent ruling on SC/ST reservations. The Reservation Bachao Sangharsh Samiti, with strong backing from SC/ST groups in Rajasthan, has called for the protest, sparking significant mobilization efforts across the country.

Law enforcement agencies are gearing up to ensure that order is maintained during the strike, while also facilitating peaceful demonstrations. Rajasthan’s Director General of Police, U.R. Sahoo, has directed district Superintendents of Police to engage with local organizations and maintain order. Sahoo emphasized the importance of dialogue, stating, “We have instructed our officials to hold meetings with the groups calling for the bandh, as well as with market associations, to foster cooperation and prevent any unnecessary disruptions,” The Times of India reported.

The strike was triggered by the Supreme Court’s controversial decision to exclude the “creamy layer” from SC/ST reservations, a move that has led to widespread discontent and calls for action. In response, police forces across Rajasthan have been ordered to increase their presence and coordinate closely with local SC/ST groups to ensure the protests remain peaceful, according to the report.

In Jaipur, proactive measures are already underway, with Police Commissioner Biju George Joseph initiating discussions with groups in support of the strike. Authorities are determined to prevent any potential clashes or disruptions, particularly in sensitive areas.

This Bharat Bandh follows a series of recent protests in India, including nationwide strikes by healthcare workers and local trade union actions in Bathinda, reflecting the growing socio-political tensions across the nation, as highlighted by the TOI report.

The protest is expected to garner widespread support from various social and political organizations, all unified in their opposition to the Supreme Court’s verdict on reservations. While the strike is likely to disrupt public transport and private office operations, essential services such as ambulances will remain functional.

Given the sensitivity of Western Uttar Pradesh, authorities have placed police forces on high alert, implementing extensive measures to ensure public safety during the protests.

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In a historic Independence Day speech from the ramparts of the Red Fort, Prime Minister Narendra Modi made a compelling case for the implementation of a Uniform Civil Code (UCC) in India. This landmark proposal, which aims to unify the diverse personal laws governing different religious communities, marks a significant moment in India’s journey towards a more inclusive and equitable society.

A Call for Change

Prime Minister Modi’s speech resonated with the urgency of the times, emphasizing the need to eliminate laws that create divisions based on religion. “Laws that divide the country have no place in a modern society and must be done away with,” he asserted. The Prime Minister highlighted the repeated calls by the Supreme Court for a uniform civil code, framing it as not just a legal necessity but a constitutional mandate.

“The Supreme Court has repeatedly held discussions on uniform civil code, given orders, because a large section of the country feels, and rightly so, that the current civil code is a communal civil code, a discriminatory civil code,” PM Modi said. His remarks reflect a growing consensus that the existing personal laws, which vary according to religion, perpetuate inequality and are inconsistent with the vision of a secular nation.

Fulfilling the Dream of the Constitution

The Prime Minister reminded the nation that the concept of a Uniform Civil Code was envisioned by the framers of the Indian Constitution. “The Constitution tells us, the Supreme Court tells us to, and it was the dream of the Constitution makers. So it is our duty to fulfill it,” he stated. This appeal to the foundational principles of the nation underscores the government’s commitment to realizing the ideals of justice, equality, and fraternity for all citizens.

Towards a Secular Civil Code

PM Modi’s call for widespread discussion and consultation reflects the sensitive nature of the issue. He urged all citizens to engage in constructive dialogue, to share their opinions, and to contribute to the shaping of a new legal framework that transcends religious divides. “Time demands a secular civil code. And then we will be free of religious discrimination,” the Prime Minister declared, outlining a vision of India where all citizens are equal under the law.

Political Implications

This bold move aligns with the BJP’s longstanding commitment to a Uniform Civil Code, as articulated in its manifesto for the Lok Sabha elections. Several BJP-led state governments have already initiated steps towards implementing a UCC at the state level. The Prime Minister’s remarks signal a clear intent to address this contentious issue at the national level during the government’s current term.

A New Chapter in India’s Journey

The proposal for a Uniform Civil Code is not just a legal reform; it is a step towards creating a more united and just India. As the nation celebrates its 78th Independence Day, Prime Minister Modi’s call for a secular civil code sets the stage for a new chapter in India’s journey towards true equality and social harmony.

In the coming months, as discussions unfold and the nation grapples with the complexities of this transformative proposal, the vision of a unified legal framework that upholds the rights and dignity of every citizen will remain at the forefront of India’s collective conscience.

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On August 15, 2024, India will celebrate its 78th Independence Day, a momentous occasion that marks the nation’s freedom from British colonial rule. As the tricolor unfurls across the country, citizens will honor the sacrifices of freedom fighters who fought for India’s sovereignty, while looking forward to the nation’s future with hope and determination.

A Brief Glimpse into History

India’s struggle for independence was a long and arduous journey, marked by the tireless efforts of leaders like Mahatma Gandhi, Jawaharlal Nehru, Sardar Vallabhbhai Patel, and countless others. After years of protests, civil disobedience, and relentless demands for self-governance, India finally achieved independence on August 15, 1947. This day not only symbolizes the end of British rule but also the birth of a democratic and secular nation committed to unity in diversity.

Independence Day 2024: Celebrations and Significance

The 2024 Independence Day theme, “Sustainable Development for a New India,” reflects the nation’s vision of achieving growth that is inclusive, eco-friendly, and future-focused. As India stands at the cusp of becoming a global leader in technology, innovation, and sustainable practices, this theme underscores the importance of nurturing the environment while driving economic progress.

The celebrations will be grand, with the main event taking place at the historic Red Fort in New Delhi. Prime Minister Narendra Modi will hoist the national flag and deliver a speech outlining the government’s achievements, challenges, and future goals. The ceremony will also include a grand parade featuring the armed forces, cultural performances from various states, and the singing of patriotic songs that evoke the spirit of freedom.

Upcoming Events in Delhi on Independence Day

Delhi will witness a series of events and activities commemorating this special day:

  1. Red Fort Flag Hoisting Ceremony: The traditional flag hoisting by the Prime Minister at Red Fort will be the centerpiece of the day’s celebrations, followed by a parade and cultural performances.
  2. Beating Retreat Ceremony: A stunning display of military bands and performances will take place in the evening at Vijay Chowk, showcasing India’s rich musical heritage.
  3. Independence Day Fair: Several cultural and food festivals will be held across Delhi, highlighting the diversity of India’s states. India Gate will be a focal point for families enjoying the festivities.
  4. Light and Sound Show: A spectacular light and sound show will take place at India Gate and the Red Fort, narrating the story of India’s independence struggle through visuals and audio.

Wishes and Messages for Independence Day 2024

As India celebrates its 78th Independence Day, here are some heartfelt wishes to share with friends and family:

  • “On this Independence Day, let’s pledge to build a nation that our future generations will be proud of. Happy Independence Day!”
  • “Freedom is a precious gift. Let’s honor the sacrifices of our freedom fighters by working towards a prosperous and united India. Happy Independence Day 2024!”
  • “May the spirit of freedom and democracy guide us towards a brighter future. Wishing you a Happy Independence Day!”
  • “Let’s celebrate the essence of free India and work towards a more sustainable, inclusive, and empowered nation. Happy Independence Day!”

As India moves forward, the significance of Independence Day remains deeply rooted in the nation’s

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New Delhi, 12: Union Education Minister Dharmendra Pradhan unveiled the Indian Standards 2024 report, marking the ninth consecutive release of the Indian Ranking of Higher Education Institutions. In this year’s National Institutional Ranking of Higher Education Institutions-2024, 80 institutions from Maharashtra were recognized across 13 categories, reflecting excellence in education, learning, research, and inclusion.

Notably, Savitribai Phule Pune University (SPPU) was ranked the third-best university in the state. The rankings also highlighted 11 institutions from Maharashtra among the top 100 overall institutions in India, with Indian Institute of Technology Bombay securing the 30th spot. Additionally, 10 universities from the state were listed among the top 100 in the country, with Homi Bhabha National Institute leading at 16th place.

The report introduced new categories this year, including Best Universities in States, where SPPU achieved third place. Maharashtra also excelled in research and engineering categories, with five institutions each ranked among the top in the country. Furthermore, four colleges and nine management institutes from the state were featured in the top 100 rankings, showcasing Maharashtra’s strong presence in higher education.

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In a world where artificial intelligence is rapidly transforming industries, a 15-year-old prodigy from Kerala is making waves with his remarkable contributions to the field. Uday Shankar, hailed as the “Wizard of AI,” has an inspiring story that showcases his unwavering passion for science and technology, even when it meant stepping away from traditional education.

Uday’s journey into the tech world began when he made the bold decision to drop out of school in the eighth grade to fully dedicate himself to his love of AI and software development. Despite this unconventional path, Uday’s brilliance shone through as he quickly rose to prominence, earning the prestigious role of Chief Technology Officer (CTO) at Urav Advanced Learning System Pvt Ltd, an AI start-up based in Kochi, Kerala.

As the CTO of Urav, Uday oversees the technical branch of the company, guiding its vision and development. Under his leadership, Urav has become a hub for innovation, offering certificate programs in cutting-edge technologies like artificial intelligence, augmented reality, virtual reality, and game development. Uday’s expertise has been instrumental in shaping the curriculum, particularly in advanced Python coding and Unity 3D game development courses for young learners.

Uday’s path is a testament to his exceptional talent and dedication. With the support of his parents, Dr. Ravi Kumar and Srikumari, Uday has pursued his education through open schooling, allowing him to balance his academic aspirations with his role at Urav. He has earned certificates from prestigious institutions like IIT Kanpur and the Massachusetts Institute of Technology, further solidifying his reputation as a young genius in the tech world.

But Uday’s accomplishments don’t stop there. He has authored four research papers, secured three patents, and developed an impressive portfolio of about fifteen games, nine computer programs, and seven apps. His innovative spirit was recognized with the Dr. APJ Abdul Kalam Ignited Mind Children Creativity and Innovation Award 2030, an honor that underscores his impact on the field of AI.

One of Uday’s most notable projects is the development of an app called “Hi Friends,” which was inspired by a personal experience. When Uday struggled to communicate with his grandmother in Palakkad, he saw an opportunity to create an AI-based solution. The app allows users to create avatars of loved ones and communicate with them in any language, opening up new possibilities for AI in multilingual communication. This breakthrough led to the creation of a multilingual kiosk that could be used in public transportation systems like trains and metros.

Uday’s innovation extends beyond AI communication tools. He founded his start-up, Urav, four years ago after teaching himself Python programming online. Among his other notable projects is “Clean Alka,” an AI chatbot that interacts with users to generate images, and “Bhashini,” a patented app that allows users to manage multiple languages seamlessly. In his commitment to social impact, Uday has also developed a free app designed to assist visually impaired individuals in navigating public spaces.

Uday Shankar’s story is a powerful reminder that age is no barrier to innovation. His journey from a young tech enthusiast to a leading figure in AI is a testament to the boundless potential of youth when passion and talent are nurtured. As Uday continues to push the boundaries of technology, his work promises to inspire countless others to follow their dreams and make their mark on the world.

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The ongoing debate over the Supreme Court’s recent ruling on sub-categorization within Scheduled Castes (SC) and Scheduled Tribes (ST) reservations has ignited significant political discourse. At the heart of this controversy is the concept of the “creamy layer” within these communities—a notion that has drawn sharp criticism from various quarters, including Congress President Mallikarjun Kharge.

Supreme Court’s Judgment: A Double-Edged Sword?

Earlier this month, a seven-judge bench of the Supreme Court, led by Chief Justice DY Chandrachud, delivered a landmark judgment permitting states to sub-classify communities within the SC and ST lists based on empirical data. While this decision was largely hailed as a step towards ensuring more equitable distribution of resources, it also introduced the controversial idea of applying the “creamy layer” concept to these historically marginalized groups.

Justice BR Gavai, in a concurring judgment, argued that states should evolve a policy to identify the creamy layer within SCs and STs and deny them the benefits of reservation. This suggestion has sparked a heated debate, with many, including Kharge, condemning the idea as fundamentally flawed and detrimental to the very purpose of reservations.

Kharge’s Stand: Protecting the Essence of Reservation

Mallikarjun Kharge has been vocal in his opposition to the Supreme Court’s observation regarding the creamy layer. He asserts that this concept, if implemented, would undermine the original intent of reservations, which was to combat the entrenched social discrimination and untouchability that members of SC and ST communities have faced for centuries.

“By bringing the creamy layer concept, you are effectively denying benefits to those who have been the most marginalized,” Kharge stated, highlighting the persistent social inequalities that continue to plague these communities. He argued that the basis for reservation has always been to address untouchability and social injustice, not economic status.

Kharge’s critique extends beyond the judiciary to the legislative domain. He believes that the government should have proactively brought forth legislation to nullify the Supreme Court’s observations on the creamy layer, thereby preserving the integrity of the reservation system. “If the government can push through other bills in a matter of hours, there is no reason why they couldn’t have addressed this issue in the same session,” he remarked.

The Broader Implications: A Call for Unity

Kharge’s comments come at a time when the political landscape is fraught with discussions on the future of reservations in India. He has called for a unified stance against the creamy layer concept, urging all stakeholders to ensure that this part of the judgment does not gain traction. According to Kharge, the ongoing privatization of public sector jobs, coupled with existing vacancies that are not being filled, further exacerbates the challenges faced by SC and ST communities in securing employment.

Government’s Position: A Reaffirmation of Constitutional Provisions

In response to the Supreme Court’s judgment, the Union Cabinet, led by Prime Minister Narendra Modi, has reiterated its commitment to the constitutional provisions laid down by Dr. B.R. Ambedkar. The government has maintained that there is no provision for a creamy layer in SC and ST reservations as per the Constitution, signaling its intent to uphold the current framework.

A Complex Issue with No Easy Answers

The debate over the creamy layer in SC and ST reservations touches on deeply entrenched social issues that go beyond mere economic criteria. While the Supreme Court’s judgment seeks to address disparities within these communities, it has also opened up a complex discussion on the future of affirmative action in India.

As the Congress continues its consultations with intellectuals, experts, and NGOs, the political and social ramifications of this judgment will likely be felt for some time. Kharge’s firm stand against the creamy layer concept highlights the broader concern that any dilution of the reservation policy could undermine decades of progress towards social equality.

In a country where untouchability and discrimination are still realities for many, the battle to protect the essence of reservations is far from over.

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In a move that bodes well for the real estate sector, the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5% for the ninth consecutive time. This decision, announced on August 8, aligns seamlessly with the recent announcement on August 7 regarding indexation benefits on the sale of property, offering a double boost to the real estate market.

The RBI’s choice to maintain the current policy rate offers much-needed stability to the housing market, particularly at a time when food inflation remains a concern. With the repo rate holding steady, home loan EMIs will remain manageable for both current and prospective homeowners, a development that could drive an uptick in home sales, especially in the price-sensitive affordable housing segment.

“The monetary policy committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5%. Consequently, the standing deposit facility (SDF) rate remains at 6.25%, and the marginal standing facility (MSF) rate and the bank rate at 6.75%,” said RBI Governor Shaktikanta Das during the policy announcement.

Real estate experts are optimistic about the potential impact of this decision. Anuj Puri, Chairman of ANAROCK Group, noted, “Maintaining interest rates offers consistency in borrowing costs, which will prompt more aspiring homebuyers to consider taking the plunge—thus driving demand in the housing market. With interest rates staying steady, EMIs will remain manageable, potentially leading to increased home sales.”

The RBI’s decision also coincides with the recent announcement of indexation benefits, which is expected to have a positive impact on the property market. The indexation benefits allow for adjustments to the purchase price, taking inflation into account, which in turn reduces capital gains tax upon the sale of property. This tax advantage makes real estate investments more appealing, further spurring demand and capital flow into the housing sector.

Samantak Das, Chief Economist and Head of Research and REIS, India, JLL, emphasized the significance of the RBI’s steady approach: “The RBI’s intention in keeping rates unchanged is to ensure a stable interest rate environment and price stability, which is crucial for sustained growth. However, future rate cuts in India will primarily be influenced by domestic factors.”

Looking ahead, experts believe that the sentiment in the real estate sector is likely to remain positive throughout the upcoming festive season. The combination of stable interest rates and recent government initiatives, such as the rationalization of stamp duty charges and concessions for women homebuyers, is expected to further support this momentum.

Vimal Nadar, Senior Director and Head of Research at Colliers India, remarked, “Strong visibility in financing charges should help homebuyers and developers alike in the upcoming festive season. The partial withdrawal of the applicability of the revised LTCG tax arising out of the sale of land and buildings retrospectively provides elbow room to affect housing sales with minimal tax outgo. This is likely to buoy investor and homeowner sentiment, benefiting the real estate sector at large.”

Real estate developers have welcomed the RBI’s decision, viewing it as a positive signal for the industry. G Hari Babu, National President of NAREDCO, expressed confidence in the stable environment created by the unchanged repo rate and the RBI’s forecast of 7.2% GDP growth for FY25. “With steady borrowing costs, home loans become more affordable, which is likely to boost demand in the housing market, especially during the upcoming festive season,” he said.

The RBI’s balanced approach to economic management, amidst global economic uncertainties, has reassured investors and provided a stable backdrop for the real estate sector to thrive. As the festive season approaches, the current status quo on the repo rate is expected to further support the momentum in the housing market, creating a conducive environment for both homebuyers and developers.

In conclusion, the RBI’s decision to keep the repo rate steady is a welcome development for the real estate sector, offering stability and predictability in borrowing costs. Combined with recent government initiatives, this move is likely to boost demand in the housing market, particularly in the affordable segment, and position real estate as a strong avenue for long-term wealth growth.

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