Rera and GST implemented by the government in quick succession this year have a significant bearing on the real estate sector, raising hopes of recovery in an area that was hit hard by demonetisation.
In a major blow to the auto-makers, the Supreme Court on Wednesday banned the sale of Bharat Stage (BS)-III vehicles in the country from April 1. The court observed that environment concerns were much bigger than commercial losses. The Society of Indian Automobile Manufacturers (Siam), the trade body representing top vehicle manufacturers in the country, estimates the court order could leave inventory of about Rs 15,000-20,000 crore unsold. Its director general Vishnu Mathur spoke to Nirbhay Kumar on the impact of the court order and the way out for automakers.
Jaipur Asset Management is an Australian-based specialist asset management firm facilitating investments in India. Neelesh Mehta, its co-founder and MD, brings a range of experience in capital markets and financial services in Southeast Asia, India and Australia with specialisations in mergers and acquisitions, investments, capital raisings, corporate restructuring, finance, governance and treasury management. Mehta feels post-demonetisation, it will take some time for the Indian economy to resume the growth trajectory of 2016.