RBI slashes lending rate by 0.25%; EMIs on home, auto loans to come down

Published on Mar 04 2015 // India
RBI slashes lending rate by 0.25%; EMIs on home, auto loans to come down
Mumbai: In its second surprise rate cut within two months, RBI on Wednesday slashed benchmark interest rates by 0.25 percent, a move that may bring down EMIs for home, auto and other loans and give a boost to the economy. The RBI’s decision to cut its policy or repo rate to 7.5 percent —...

Insurance Bill passed by Lok Sabha

Published on Mar 04 2015 // India
New Delhi: The long-pending Insurance bill, a key economic reform legislation providing for raising foreign INVESTMENT cap to 49 percent, was Wednesday passed by Lok Sabha with the government insisting that the measure is crucial for expanding the penetration of insurance in the country. The controversial...

Delhi CM Arvind Kejriwal’s resignation bid to be discussed at AAP meet

Published on Mar 04 2015 // India
Delhi CM Arvind Kejriwal’s resignation bid to be discussed at AAP meet
New Delhi: The resignation of Arvind Kejriwal from the post of AAP’s National Convener, which “still stands”, will be discussed at today’s National Executive meet where the party will take a call on the fate of senior leaders Yogendra Yadav and Prashant Bhushan. The party dismissed...

Real fight in ‘self-centered’ AAP is about RS seats: BJP

Published on Mar 04 2015 // India
New Delhi: Bharatiya Janata Party (BJP) leader Prabhat Jha on Wednesday alleged that the real fight in the ‘self-centered’ Aam Aadmi Party (AAP) was over Rajya Sabha seats. “This is a group of self-centered and selfish people and it will not work for much time. The real fight is about...

Have no issues over Kejriwal as National Convenor: Yogendra Yadav

Published on Mar 04 2015 // India
New Delhi: Facing the possibility of being removed from AAP’s top panel PAC, senior party leader Yogendra Yadav on Tuesday night said he has no issues over Arvind Kejriwal continuing as National Convenor. “National Convenor is not an issue and has never been an issue. Who becomes a member...

Rajan Apologises, But Says Was Quoted Out of Context on Inflation

Published on Mar 04 2015 // India
Reserve Bank of India Governor Raghuram Rajan on Wednesday said he was quoted “out of context” by the media when talking about inflation and interest rates at an event that was supposed to be “closed-doors”. The clarification came on a day when Dr Rajan surprised markets by cutting...

Sensex crosses 30,000 points mark; Nifty touches record high

Published on Mar 04 2015 // India
Sensex crosses 30,000 points mark; Nifty touches record high
A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Wednesday touched a new record high of 30,024.74 points as India’s central bank, the Reserve Bank of India, cut its key lending rates by 25 basis points, expecting inflation to soften further in the coming fiscal. The...

Arvind Kejriwal quits as AAP national convenor, says he is overburdened with work

Published on Mar 04 2015 // India
Arvind Kejriwal quits as AAP national convenor, says he is overburdened with work
New Delhi: Amid growing internal rift, the 21-member national executive of the Aam Aadmi Party (AAP) is scheduled to meet on Wednesday where the fate of party’s two dissident leaders Prashant Bhushan and Yogendra Yadav is likely to be decided.

RBI surprises with 0.25% repo rate cut; loans to get cheaper

Published on Mar 04 2015 // India
New Delhi: The Reserve Bank of India (RBI) on Wednesday morning announced a surprise cut in repo rate. The central bank has slashed the repo rate by 25 basis points to 7.50 percent from 7.75 percent.The move comes days after Finance Minister Arun Jaitley unveiled the Union Budget 2015-16 in Parliament....

Up to govt to decide whether convict’s interview should be aired: Nirbhaya’s mother

Published on Mar 04 2015 // India
New Delhi: Nirbhaya’s mother on Wednesday reiterated her demand for the death penalty for Mukesh Singh, one of the convicts of the December 16, 2012 Delhi gang-rape case, and said it was up to the government to decide whether to broadcast his controversial interview or not. “His (Delhi gang-rape...

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