5 New Barriers to Getting a Mortgage

India may 18 money supply grows 133 pct on year rbi

´╗┐MUMBAI, May 30 India's M3 money supply rose an annual 13.3 percent as on May 18, compared with a 13.4 percent rise two weeks ago and a 17 percent growth a year earlier, the Reserve Bank of India said on Wednesday.

M3 MONEY SUPPLY GROWTH (versus two weeks ago, in pct) May 18, 2012 May 4, 2012 13.3 13.4 Money supply was 75,568.3 billion rupees as of May 18 compared with 75,472.1 billion rupees on May 4, the central bank said.

Is business travel going places

´╗┐(Reuters.com) - Travel agents in the business sector are buoyed by forecasts of a same-or-stronger 2013 in spend. In their latest forecast, the Global Business Travel Association (GBTA), a U.S.-based trade body, thinks "pent-up demand" means rising growth rates in business travel spend throughout the year. But a higher spend - the 2013 total is expected to rise by 4.6 percent as opposed to the timid 1.6 percent growth last year - doesn't mean an increase in actual business travel. GBTA projects a 1.1 percent decline in trip volume to 431.8 million person-trips in 2013. The spending increase can be explained by rising travel rates.

UK travel managers are forecasting a rates rise. Of those polled recently by AirPlus, a business travel payment solutions provider, more felt that the cost of air and lodging, rather than the volume of flights and rooms, would increase this year. Hotel rates are expected to rise more significantly than airfares. Of the 2,101 travel managers polled by AirPlus, 64 percent said that they thought the total number of business trips would stay the same in 2013 while 28 percent thought that the travel itself would increase.

GBTA says the numbers can still be seen as an early indication of greater corporate confidence."While companies will approach the first half of the year with some caution, pent-up demand to get back on the road should hopefully fuel accelerating growth in business travel spending through the end of 2013," says Michael W. McCormick, GBTA executive director and COO.

A rebound in international outbound travel is a catalyst for the upswing, with group travel.