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Farm fires choke Delhi, stubble monetisation plan fails

NEW DELHI: Even as smoke from farm fires in neighbouring states turns the national capital into a virtual gas chamber, a key government initiative aimed at monetising crop residue to prevent farmers from burning it remains a non-starter.

No MSME loans as NPA in FY20 fiscal, PSBs to hold loan melas: FM

NEW DELHI:  In a public outreach exercise, Finance Minister Nirmala Sitharaman on Thursday said public sector banks will organise credit "shamiana meetings" in 400 districts beginning October 3 to provide loans to NBFCs and retail borrowers, including homebuyers and farmers and banks won't declare any stressed loan account of MSMEs as NPA till March 2020 and will work on recasting their debt.

Here’s why you must avail Bajaj Finserv LifeCare Finance

PUNE, Maharashtra:Having a life insurance policy, health insurance cover, mutual funds portfolio and equity investments are considered to be priorities by individuals while planning their finances. But with evolving lifestyles, equal importance is being given to finances dedicated towards refining one’s overall wellness and wellbeing. Finances planned for lifecare services enable you to take care of concerns that are lifestyle wellness or cosmetic treatment-oriented;as well as address the medical concerns and procedures that are not incorporated in your regular health insurance cover.

RBI external benchmark for bank loans credit negative: Moody's

MUMBAI: Moody's Investor Service on Tuesday said the RBI's mandate on aligning commercial bank floating loan rates to the external benchmark from next month is credit negative for Indian banks.

SBI cuts lending rates, home loans to get cheaper

MUMBAI: Country's largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost-based lending rate or MCLR by 10 basis points across all tenors and has also reduced rates on term deposits.

RBI breaks-away from convention; cuts key lending rate by 35 bps

MUMBAI: The Reserve Bank of India on Wednesday broke-away from convention to reduce key lending rates by 35 basis points to 5.40 per cent.

RBI slashes lending rate by 35 bps to 5.40%

MUMBAI:  The Reserve Bank of India on Wednesday broke with convention by reducing its key lending rates by 35 basis points which is expected to make home and auto loans cheaper and rev-up the economy by unleashing consumption.

FM-RBI meet on Budget briefing to discuss dividend, overseas bond, NBFCs

NEW DELHI:  Finance Minister Nirmala Sitharaman will brief the RBI's central board on Monday on Budget measures and sources saihe upcoming sovereign bonds, NBFC issues and RBI dividend will figure in the discussion at the Central Board meeting.

E-vehicle sector for priority-lending, R&D incentives in Budget

NEW DELHI:  With government committed to bringing the electric vehicle (EV) revolution to India in the next few years, the industry expectations from the Union Budget 2019-20 run high.

RBI cuts key lending rate to 6%

In the first monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent.

Saradha and Rose Valley scams: The lowdown

KOLKATA:  The latest stand-off between the Narendra Modi-led central government and West Bengals Mamata Banerjee government has again brought the two multi-crore ponzi scams - Saradha and Rose Valley - into the mainstream of the political discourse.

Sensex up 50 points, Nifty above the 10,300-mark

MUMBAI:  Despite negative global cues, a worrying macro-economic situation and mixed corporate earnings, the key Indian equity indices on Monday managed to trade in the green with the Sensex up 50 points.

RBI keeps policy rates intact; stance unchanged

MUMBAI: Belying market expectations of a rate hike, the Reserve Bank of India (RBI) on Friday held its key lending rates intact on the back of an uncertain global economic scenario.

Oil prices dent rupee; falls below 73/$

MUMBAI: High crude oil prices and fears over a hike in key domestic lending rates pulled the Indian rupee to a new record low of over 73 per US dollar on Wednesd

World Bank commits $25-30 bn for India's transition to high middle-income countrY

NEW DELHI:  The World Bank Group (WBG) on Friday approved its largest country program for India with a likely assistance of $25-30 billion by fiscal 2021-22 to help India's transition to a higher middle-income country.

Race amongst countries to attract the investor immigrants

By Ajay Sharma
Over the years, investor immigration programs have become extremely popular amongst businessmen and high net worth investors who are seeking an alternate residency or second passport for assorted reasons.

Punjab CM calls for freedom from drugs to mark Independence Day

LUDHIANA: Calling  for ‘Nashe Ton Azadi’ (Freedom from Drugs), Punjab Chief Minister Captain Amarinder Singh on Wednesday launched ‘Tu Mera Buddy’ programme to take the war against drugs to schools and colleges to mark the 72nd Independence Day.

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