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Business EYE DECEMBER 04, 2020 | The Indian Eye 35

BUSINESS BRIEFS

Platform launched rBi projects 6.8 pc retail

to fight against real estate inflation in Q3 due to

scams in india supply-side bottlenecks

eal Estate Scam Fight- offers information to anticipate etail inflation is likely to etable prices may ease with the
ers, a Gurugram-based and solutions to mitigate these remain elevated with the winter crop, other food prices
Rorganisation has scams. RReserve Bank of India are likely to persist at elevated
launched a platform to help Platform has already re- on Friday pegging it at 6.8 per levels, he added.
investors navigate and identify ceived requests against few cent in the third quarter (Oc-
real-estate scams and frauds. prominent developers (includ- tober to December) of current at the same time, crude oil
As the real-estate sector ex- ing M3M India from Gurga- fiscal year (2020-21). RBI Gov- prices have picked up on op-
pands in India, so has the en- on) for subvention schemes ernor Shaktikanta Das said the
tire gamut of real-estate scams, and other offers for investiga- outlook for inflation has turned timism of demand recovery,
from rental frauds to bait and tions. Investors facing issues adverse relative to expectations continuation of oP eC plus
switch schemes. with builders can apply for in the last two months. “The sub- production cuts and are ex-
The complex nature of real help on realestatescam.in/re- stantial wedge between whole- pected to remain volatile in
estate disputes and an absence quest-help. sale and retail inflation points to the near-term. das said cost-
of industry gatekeepers has led Acting as an unbiased and the supply-side bottlenecks and push pressures continue to
to the issue compounding mani- open forum, it seeks to address large margins being charged to impinge on core inflation
fold in recent years. To alleviate the extremely critical informa- the consumer,” he said while un-
the growing concerns of inves- tion gap, in order to educate veiling its bi-monthly monetary which has remained sticky
tors, this platform, created by and make aware all potential policy review. and could firm up as econom-
a team of Industry watchdogs investors with the sole aim of While cereal prices may con- ic activity normalises and de-
from various verticals like legal, threat protection from fraudu- tinue to soften with the bumper mand picks up.
media, real estate and banking, lent schemes. kharif harvest arrivals and veg-

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