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Outstanding Individual Housing Loans Rise 14% to ₹33.53 Lakh Crore as of September 30

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As of September 30, 2024, the total outstanding individual housing loans reached Rs 33.53 lakh crore, reflecting a 14% increase compared to the same period last year, according to the National Housing Bank (NHB) report released on Wednesday.

The NHB’s report on the Trends and Progress of Housing in India for 2024 noted that individual housing loan disbursements amounted to Rs 4.10 lakh crore for the half-year ending September 2024, with total disbursements for the financial year 2023-24 hitting Rs 9.07 lakh crore.

The report further highlights that, by this period, the distribution of outstanding individual housing loans was as follows: 39% for EWS & LIG, 44% for MIG, and 17% for HIG.

For the quarter ending September 2024, the Housing Price Index (NHB-RESIDEX) exhibited a year-on-year increase of 6.8%, compared to a 4.9% rise the previous year.

The report also discusses key initiatives by the Government of India, including PMAY-G, PMAY-U, impact assessment of PMAY-U, the Urban Infrastructure Development Fund (UIDF), and the Affordable Rental Housing Complexes (ARHC) scheme.

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Additionally, it identifies regional disparities in credit access and vulnerabilities to climate-related risks as significant challenges facing the sector. On the other hand, the report points out that technological advancements in construction and the digitization of land records present opportunities for growth.

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India May Buy More Oil From Venezuela Instead of Russia

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Business : The United States has told India that it can soon resume buying oil from Venezuela.The suggestion is part of a U.S. effort to reduce India’s dependence on Russian crude oil.

This pitch comes as India plans to cut Russian oil imports by several hundred thousand barrels per day in the coming months. Under the Trump administration, the United States had imposed a 25 % tariff on countries that bought Venezuelan oil, including India.

Now, the U.S. wants India to resume Venezuelan oil purchases to help diversify India’s energy sources. The United States is also trying to reshape energy ties with India as part of broader diplomatic engagement.

Venezuela’s interim president Delcy Rodríguez said she agreed with India on energy cooperation in a recent phone call with Prime Minister Narendra Modi. PM Modi said both sides agreed to deepen their partnership and expand cooperation in all areas.

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Venezuela has the world’s largest proven oil reserves. Recently, Venezuela opened its oil sector to private investment to attract foreign capital and boost production.

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India was one of the major buyers of Russian crude after the Ukraine war began in 2022. But India is now seeking alternative suppliers as part of its energy strategy.

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Chicken Prices Remain Stable in Local Markets

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Chicken prices remained stable in local markets today.Traders said there was no major change in rates.Consumers continued to make regular purchases.

Boneless chicken is priced at ₹210 per kilogram.Regular chicken is available at ₹160 per kilogram.Chicken liver is being sold at ₹120 per kilogram.

Country chicken is priced higher due to demand.It is selling at ₹360 per kilogram.Live chicken is available at ₹130 per kilogram.

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Skinless chicken is priced at ₹200 per kilogram.Vendors said supply is sufficient in the market.They expect prices to remain steady in the coming days.

Customers expressed satisfaction with the current rates.Market officials said there is no shortage of chicken.

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Gold Prices Edge Up in India on January 19, 2026

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Gold prices in India recorded a slight increase on January 19, 2026, supported by global market trends, local demand, and movements in the rupee-dollar exchange rate.

As per market estimates, 24-carat gold, which is considered pure gold, is priced at ₹14,569 per gram, or ₹1,45,690 per 10 grams. 22-carat gold, commonly used for jewellery, is trading at around ₹13,355 per gram, or ₹1,33,550 per 10 grams.

The prices have risen marginally compared to the previous day. The increase is mainly linked to a weaker Indian rupee against the US dollar, which makes imported gold more expensive.

Gold rates vary slightly across cities such as Mangalore and other parts of the country. These differences depend on local taxes, transportation costs, jeweller margins, and regional demand.

Demand for gold remains strong due to the wedding season and festive buying, which continues to support higher prices. Investors also turn to gold during uncertain economic conditions, as it is seen as a safe-haven asset.

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Experts say that global geopolitical developments, inflation concerns, and central bank policies are also influencing international gold prices, which in turn affect domestic rates.

Market participants expect gold prices to remain firm in the near term if the rupee stays weak and demand continues at current levels.

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