Friday, August 21, 2015

568 No need to reduce Home loan interest rates गृह ऋणों के ब्याज रेट को कम करने के जरूरत नहीं है। గృహ ఋణాలపై వడ్డీ రేట్లను తగ్గించ వలసిన అవసరం లేదు.

Ms. Arundhati Bhattacharya, Chairperson, SBI, has rightly identified her six top priorities. There is no need to deviate from them, because India Inc. is pressing to cut lending rates. There is also no need to reduce interest rates on home loans, introducing such methods as teaser rates. Indian Public Sector Banks, having financed Home Loans at prices far higher than the intrinsic value of the underlying structures, now face a similar situation which American Banks and Investment Houses faced in 2008, when Sub-Prime Mortgage Loans became a problem in that country. As pointed out by Mr. Raghuram Rajan, RBI Governor, there is a need to cut the prices of Houses. According to news reports though in some cities like Mumbai and Delhi, Realtors have reduced prices, they have also reduced the size of the houses, and even the minimum fixtures. All the housesites in our Cities have gone into the hands of speculators, and builders are forced to purchase sites at very high prices and build flats thereon. Besides, there is the element of payment of bribes, for various purposes right from the conception stage to actual delivery to buyers. Consequently, home prices have gone beyond the paying capacities of even higher income group employees, not to speak of lower middle class, which has stopped thinking about owing a lifetime home. Till such a time, the Central and State Governments take truly effective steps to control house site prices and flat prices, it will be better if Banks exercise restraints in financing Home Loans.

Mrs. Nazma Heptullah is reported to have said as under. श्रीमति नज्मा हॆप्तुल्ला, मीडिया रिपोर्टों के अनुसार, यह कह दी। మీడియా రిపోర్టులననుసరించి, మైనారిటీ వ్యవహారాల కేంద్ర మంత్రిణి శ్రీమతి నజ్మా హెప్తుల్లా గారు ఇలా అన్నారు:-
People of all faiths are totally safe under Narendra Modi Administration.

श्री नरेंद्र मोदी के परिपालन में सभी धर्मों के जनता, संपूर्ण रीती में भद्र स्थित है।

శ్రీ నరేంద్ర మోడీ గారి పరిపాలనలో, అన్ని మతాల వారూ, సంపూర్ణ మైన భద్రతతో ఉన్నారు.

Let us allow it to go. At least, Ms. Nazma Heptulla, and her Minister-post are safe. हम इस बात को छोड देंगे। कम से कम, श्रीमति हॆप्तुल्लाजी, और उसकी मंत्री पद, भद्र है न। పోనిద్దాము. కనీసం హెప్తుల్లా గారైనా, భద్రంగా ఉన్నారు కదా. ఆమె పదవైనా భద్రంగా ఉన్నది కదా.

(To continue. और लिखने का है। ఇంకా వ్రాయాల్సింది ఉంది.

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