The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said under the framework, to be put in place shortly, the lenders will have to clearly communicate with the borrowers about tenor and EMI. "The supervisory reviews undertaken by the Reserve Bank and the feedback and references from members of public have revealed several instances of unreasonable elongation of tenor of floating rate loans by lenders without proper consent and communication to the borrowers," he said.
PHOTOS from the ICC World Cup opener played between England and New Zealand at Ahmedabad on Thursday
Livingstone was picked in the touring squad because of his hard-hitting batting and ability to bowl leg-spinners, as England entered the Test with just three specialist bowlers.
Archer has not played international cricket since March last year due to an elbow injury, and had a second round of surgery on his elbow in December.
The 48-year-old Australian has signed a four-year agreement.
Fast bowler Mark Wood has been ruled out of IPL 2022 and the remainder of England's tour of the West Indies due to an elbow injury.
Board of Control for Cricket in India vice-president Rajeev Shukla says negotiations with the England and Wales Cricket Board are underway to resolve issues "amicably" following the cancellation of the fifth and final Test of the series, which was scheduled to commence in Manchester on Friday.
India's current account deficit narrowed to $1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to moderation in the trade deficit and a robust increase in services exports, RBI data showed on Tuesday. However, for the 2022-23 fiscal, the current account balance recorded a deficit of 2 per cent of GDP compared to 1.2 per cent in 2021-22. "India's current account deficit (CAD) decreased to $1.3 billion (0.2 per cent of GDP) in Q4:2022-23 from $16.8 billion (2.0 per cent of GDP) in Q3:2022-231, and $13.4 billion (1.6 per cent of GDP) a year ago [Q4:2021-22]," as per the RBI's 'Developments in India's Balance of Payments during the Fourth Quarter (January-March) of 2022-23'.
From the Sensex pack, Infosys, HCL Technologies, Infosys, NTPC, Mahindra & Mahindra, Tata Consultancy Services, Nestle, Tech Mahindra and Bajaj Finance were the major gainers. Power Grid, Larsen & Toubro, Maruti, Titan, HDFC Bank, Wipro, HDFC and ITC were among the laggards.
'In many ways, cricket is growing and, on the surface, seems financially strong. However, we are increasingly seeing a game which focuses on a powerful few, as opposed to a democratic and inclusive approach for the benefit of the whole sport.'
Speaking on the sidelines of the WTC Final, Kiwi great Ross Taylor said players need to be paid adequately to continue playing international cricket.
CA, the ECB and Australian authorities had been negotiating for many months over the touring conditions in a country where international arrivals have to isolate in quarantine hotels for 14 days, regardless of COVID-19 vaccination status.
England's Jofra Archer will miss this year's Twenty20 World Cup and the Ashes series against Australia after the England and Wales Cricket Board (ECB) said on Thursday the fast bowler suffered a recurrence of a stress fracture in his right elbow.
Joe Root has stepped down as England's Test captain, the country's cricket board said on Friday, succumbing to pressure from influential figures within the game following a run of poor results capped by dispiriting tours of Australia and the Caribbean.
Morgan and white-ball vice-captain Jos Buttler were accused of mocking the Indian use of English language
England fast bowler Jofra Archer has been ruled out until the summer after undergoing a second operation on his injured right elbow, the country's cricket board (ECB) said on Tuesday.
Pat Cummins will not play the third Test against India in Indore starting March 1
While England failed miserably on the field under his watch, Thorpe's departure was also expedited after reports emerged that police had to be called in to the team hotel in Hobart after he had lit a cigar inside the premise following a drinking session that lasted till 6 a.m.
The ECB have also held talks with cricket boards of the other three visiting teams this summer -- New Zealand, Sri Lanka and Pakistan -- and agreed to cancel their tour matches against English county teams.
The third ODI was abandoned. The ODI series finishes 1-1.
On October 27, the Reserve Bank of India had allowed start-ups to borrow up to $3 million or around Rs 20 crore a year either in rupees or any convertible foreign currency.
Batsman Dom Sibley has decided not to tour Australia with England's second-string Lions squad because he wants to focus on regaining his spot in the first team, the England and Wales Cricket Board (ECB) said on Thursday.
Jonny Bairstow was initially included in the selection but the England and Wales Cricket Board later said he had been ruled out of the rest of the summer and the T20 World Cup after suffering a lower limb injury in a freak accident while playing golf in Leeds on Friday.
Equity benchmarks Sensex and Nifty declined nearly 1 per cent on Friday, in tandem with a weak trend in overseas markets amid hawkish tone of global central banks. The 30-share BSE Sensex fell 461.22 points or 0.75 per cent to settle at 61,337.81. During the day, it tumbled 506.5 points or 0.81 per cent to 61,292.53.
The fifth and final Test between India and England, which was suspended due to a COVID-19 outbreak in the visitors' camp last month, was on Friday rescheduled to July next year.
Peter Handscomb was forced to miss his county match against Leicestershire in England after testing positive for COVID-19.
'I'm like a little kid wanting to get back playing cricket again'
All-rounder Ben Stokes looks set to miss the Ashes series against Australia later this year after England's cricket board (ECB) said on Thursday he has undergone a second operation on a broken index finger.
Archer said he is focussed on "feeling good" at the moment.
'I am delighted that he has accepted, and he is ready for the added responsibility and the honour'
Equity benchmarks Sensex and Nifty faced heavy drubbing on Thursday, falling over 1 per cent each, in tandem with weak global markets following the US Federal Reserve's interest rate hike and its hawkish stance. The 30-share BSE Sensex tanked 878.88 points or 1.40 per cent to settle at 61,799.03. During the day, it tumbled 962.3 points or 1.53 per cent to 61,715.61.
Rashid will fly to Saudi Arabia on Saturday, which means he will also miss the latter stages of Yorkshire's T20 Blast campaign.
The ECB said that after the conclusion of play on the first day, the match referee, groundstaff and ECB Match Manager would discuss the start times for the next day and if the forecast looked good, play could begin at 1030.
Former England captain Michael Atherton gives some credence, if reluctantly, to the view that England and Australia feel they have no choice but to grant India power in a way that will encourage them to run the world game responsibly - and even suggests India has now been affected with the arrogance of old colonialism.
Tata Steel was the biggest gainer in the Sensex chart, rising 2.39 per cent, followed by Tata Motors, Power Grid, Reliance Industries, UltraTech Cement, NTPC, Nestle, HUL, Mahindra & Mahindra, Wipro, Kotak Mahindra Bank and Asian Paints. In contrast, Bajaj Finance, IndusInd Bank, Axis Bank, Bharti Airtel, Bajaj Finserv, ICICI Bank, Infosys and Titan were among the laggards.
Australia batsman David Warner and all-rounder Marcus Stoinis have withdrawn from the inaugural season of The Hundred due to complications related to the COVID-19 pandemic.
Former opener Mark Butcher feels the England and Wales Cricket Board should have agreed to the BCCI's request to change the Test series schedule to accommodate the remaining games of IPL as it would have given ECB the leverage to get top Indian players for its The Hundred tournament.
'So sad to hear the news of David English passing away. One of life's great characters, so fun to spend time with and producer of some of the best English cricketers through his wonderful Bunbury Festivals.'
Jofra Archer will miss the second Test against India in Chennai after having an injection in his right elbow.
According to ESPNCricinfo, Stokes, who has played for Rajasthan Royals and Rising Pune Supergiant in the past, will likely play as a specialist batter initially to manage his knee injury, for which he has been administered cortisone shots -- an anti-inflammation injection.
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