Search: Look for:   Last 1 Month   Last 6 Months   All time

Government will reduce interest rates on home loans: Naidu

Delhi,National,Business/Economy, Wed, 28 May 2014 IANS

New Delhi, May 28 (IANS) The interest rates on home loans will be reduced, Urban Development Minister Venkaiah Naidu announced Wednesday.

Soon after taking charge of the ministry here Wednesday, Naidu said that interest rate reduction is necessary if housing for all has to be achieved.

"Housing is our top priority area and I will be taking up this matter with my colleague (Arun Jaitley) who is the finance minister," he told reporters.

"We will intervene and bring down the interest rates for housing a little. That will be my priority."

Naidu said that during previous National Democratic Alliance rule under Atal Bihari Vajpayee housing was top priority.

"Then the interest rate was reduced from 11 percent to 7 percent," he said.

"Today again the interest rate for housing has gone up to 10-11 percent."

"If you want to achieve housing for all by 2020, you need to have interest reduction, you need to have interest invention," he said.


LATEST IMAGES
Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.