In order to promote the housing sector, Reserve Bank of India on Friday decided to rationalise risk weightage on housing loans, making the product attractive for both borrowers and lenders. With revision in the risk weightage, the requirement of capital provision for banks will come down. This will encourage banks to push housing loan products with attractive features.
India saw 4.2 million foreign tourists till May mainly thanks to visitors from Bangladesh
It would be larger than even in the pandemic year of 2020-2021, notes Mahesh Vyas.
In May, price growth for drugs was in negative territory at (-)1 per cent
Many others are feared to have been trapped under the debris. Rescue work is on, as per last reports.
The BCCI letter did not make a specific reference to Pakistan, which has been accused of harbouring terrorists by India.
Here's a recap of moments captured in India in the last week.
The main factor boosting production was a sustained rise in new work inflows.
As many as 3,691 centrally-protected monuments and archaeological sites maintained by the ASI were shut from March 17 in view of the coronavirus crisis.
Airtel CEO Gopal Vittal on Thursday warned about a rise in cyber frauds amid a massive surge in online transactions during the second wave of the pandemic, and asserted the company is working "relentlessly" and coming out with safety features to ensure customers are not vulnerable to fraudsters. In an e-mail outreach to customers, Vittal highlighted the modus operandi being adopted by fraudsters and also drew attention to cyber frauds related to digital payments. "With the growing second wave of the pandemic and lockdowns in various parts of the country, there has been a massive increase in online transactions. "Unfortunately, there has also been a corresponding increase in cyber fraud," Vittal said.
The new rates, effective Wednesday, is the third reduction by SBI in this financial year having cut the rates by 5 bps each in April and May, while its home loan rates has come down by 20 bps during this period.
The bank is using readily available satellite images from ISRO and NASA for the purpose, and plans to scale up to 63,000 villages in the next three months.
The International Cricket Council (ICC) Chairman N Srinivasan refused to comment on the West Indies team's sudden pullout of the India series.
'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
Care comes from a place of 'What is good for my child's development?' Care is a long-term view of the child's flourishing in life. Care is a sacred activity and it begins at home.
It is learnt that the camp office in Lviv would be able to coordinate the evacuation of Indians to Poland and Hungary while the one at Chernivtsi would facilitate exit to Romania.
'For around five hours the storm, reportedly the strongest one ever recorded in the Bay of Bengal, that mother of many a deathly vortex, shook Kolkata like a toddler playing with a rattling toy,' observes Debashish Chatterjee.
The department for promotion of industry and internal trade has asked the telecom department and State-owned BSNL to put on hold the tender for setting up 4G network, valued at Rs 9,000 crore, after allegations emerged that the tender favoured foreign companies. The tender was floated by BSNL in March under the new management for setting up the 4G network.
You can increase or reduce the sum assured of a term cover, depending on changes in your overall liability, advises Bindisha Sarang.
To prevent hoarding and check price rise, the Centre on Friday imposed stock limits on all pulses, except moong, held by wholesalers, retailers, importers and millers till October. The stock limits are imposed with immediate effect. An order in this regard has been issued by the Union food and consumer affairs ministry. Retail prices of pulses rose by more than 20 per cent during the January-June period of this year, according to the ministry's data.
Telecom Minister Ravi Shankar Prasad had told Parliament in November that Bharti Airtel, Vodafone Idea and other telecom companies owe the government as much as Rs 1.47 lakh crore in past statutory dues.
Paytm's Rs 18,300 crore IPO was oversubscribed 1.89 times on the last day of India's biggest share sale on Wednesday, making it one of the country's most valued companies. The initial public offering of Paytm's parent company One97 Communications Ltd received bids for 9.14 crore equity shares against the offer size of 4.83 crore shares, according to information available from stock exchanges. While the portion set aside for retail investors was oversubscribed early, institutional buyers including FIIs flooded the share sale with offers on Wednesday, seeking 2.79 times the number of shares reserved for them.
Rediff.com brings you some of the highlights from the sporting events held last week...
In photos: Her best off-screen desi looks and the designers who got it right.
Here's a recap of moments captured in India in the past 48 hours.
HDFC Bank managing director Aditya Puri on Wednesday said the lender's business is returning to pre-COVID-19 levels and full normalcy is expected to be restored soon.
After consumer price index jumped the 6.3-per cent mark in May and wholesale inflation set a record of 12.94 per cent, house economists at Swiss brokerage UBS Securities have warned that the country is facing more upside risks on the inflation front that is set to averaging at 5 per cent for the year. Rising prices of edible oils and protein rich items pushed retail inflation to a six-month high of 6.3 per cent in May, breaching the comfort level of the Reserve Bank and thus rendering reduction in interest rates a difficult proposition in the near term. Led by petrol price, that has crossed the Rs 100-mark in many states, wholesale inflation too accelerated to a record 12.94 per cent in May. While crude oil has crossed $70 a barrel on account of rising prices of crude oil and manufactured goods due to spike in commodities, and the low base of last year due to the lockdown.
Asian Games gold medallist Swapna Barman will receive seven pairs of customised shoes, one each for the different events of Heptathlon, sports giants Adidas announced on Monday.
The agency also carried out searches at 15 locations spread across Delhi; West Bengal's Kolkata, Siliguri and Murshidabad; Uttar Pradesh's Ghaziabad, Punjab's Amritsar and Chhattisgarh's Raipur, they said.
In this winter of discontent, in every procession, in every demonstration, in every protest -- from Jawaharlal Nehru University to Jamia to Shaheen Bagh to the streets of Mumbai -- the front rows have been occupied by women. It's been weeks since women have been sitting in protest across the country against the newly-introduced Citizenship Amendment Act and the proposed National Register of Citizens. The protests are a nerve centre of unwavering voices against what has been perceived as a discriminatory law. The women -- some housewives, some students with hijabs covering their hair, and others in full-length burqa robes -- are rallying against the 'Man' in what could also be perceived as a revolution for the 'weaker sex' in India.
In his every first international innings he was run out for 0. He will end his career as one of the most feared batsmen in international cricket.
With the increased death rate in the ongoing second wave of Covid-19, domestic cement companies are in no better condition than they were in the April-June quarter of FY21 when the country faced nationwide lockdown. "This wave has had high death rate which has impacted the business. "We are in no better situation than last (year) April. "Deaths of drivers, dealers, contractors and also employees have hit the industry really very hard since April (FY22)," M Ravinder Reddy, director of Bharathi Cements said.
If a product claims to be 'Made with Natural Ingredients', this may mean that one ingredient is natural. However it does not mean the product is 100% natural, cautions Pavitra K, lead, new product development, True Elements.
Oil demand had plunged 5.9 per cent in January, the most in 13 years, after the shock demonetisation of high-value currency notes in November
He said the budget is a watershed moment for Railways.
The 70 launches were made in the first half of the financial year alone and were mostly focused on hygiene, health & wellness, naturals and convenience, which were in high demand as Covid -19 raged across the world.
The RLD has aligned with the Samajwadi Party and Bahujan Samaj Party in UP and is attacking the state government on farm distress and the outstanding sugarcane dues.
SBI is expected to mop up almost $202 million via the share sale.
In terms of industries, 22 out of 23 industry groups in the manufacturing sector showed positive growth during July 2018.
The country's largest lender State Bank of India on Wednesday said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenures, effective March 10. The bank has reduced its one-year MCLR by 10 basis points to 7.75 per cent from the earlier 7.85 per cent, SBI said.
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