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In 8th cut this year, SBI reduces MCLR by 10 bps across all tenors
Posted on 9th December 2019
Country's largest lender State Bank of India has reduced its MCLR (Marginal Cost of Funds based Lending Rate) by 10 basis points across all tenors.

The one year MCLR has come down to 7.90 per cent per annum from 8.00 per cent per annum with effect from December 10, 2019.

This is the eight consecutive cut in MCLR in FY 2019-20.

The announcement comes days after Reserve Bank of India (RBI) announced its monetary policy in which it maintained status quo on key rates. After five consecutive cuts in interest rates this year, RBI's six-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, unanimously voted to hold the key repo rate at 5.15 per cent and reverse repo rate at 4.90 per cent.
Related Companies: State Bank of India   

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'No desire for any post': Sachin Pilot calls truce after meeting with Gandhis, says wanted self-respect to remain intact
Posted on 11th August 2020
Former Rajasthan Deputy Chief Minister Sachin Pilot on Monday called truce with the Congress party after a month of high-pitched political drama that also played in the High Court and the Supreme Court. Pilot, who was sacked as deputy CM and as state unit chief, said he has no desire for any post and just wanted the self-respect to remain intact.

His statement came after a meeting with Rahul Gandhi and Priyanka Gandhi Vadra, and announcement of a three-member panel by party chief Sonia Gandhi.

Former President Pranab Mukherjee put on ventilator support after brain clot surgery
Posted on 11th August 2020
Former President Pranab Mukherjee is on ventilator support after undergoing brain surgery at the Army Research and Referral hospital, where he was admitted on Monday morning after testing positive for COVID-19, sources said on Tuesday.

On a visit to the hospital for a separate procedure, I have tested positive for COVID-19 today. I request the people who came in contact with me in the last week, to please self isolate and get tested for COVID-19, Mukherjee tweeted on Monday afternoon.

UP: Chased by eve-teasers, US scholar girl dies in Bulandshahr road accident
Posted on 11th August 2020
In what comes as a tragic end to a bright life, Sudiksha, a girl from Uttar Pradesh's Gautam Buddh Nagar who had received Rs 3.83 crore scholarship to study in the US, died after falling off from a bike in Bulandshahr after being chased by eve-teasers. Sudiksha had returned to India and was going to Sikandrabad with her uncle Manoj Bhati to meet her relatives.

According to reports, the eve-teasers had started performing stunts near Sudisha due to which her uncle was facing difficulty in riding the bike and was getting imbalanced.

Kerala plane crash: Air India praises Malappuram residents for saving lives
Posted on 10th August 2020
Air India Express has expressed its gratitude to people of Mallapuram, Kerala for help in a lane crash in which 18 people died Friday night.

In a tweet, the Air India Express said, Taking a bow to HUMANITY! A standing ovation from our hearts to the PEOPLE OF MALAPPURAM, Kerala, who had showered us with kindness & humanity during the uncertain incident. We owe you a lot! #ExpressGratitude.

Vodafone-Idea's fate hinges on the Supreme Court's AGR verdict today
Posted on 10th August 2020
For Vodafone Idea Ltd (VIL), the future course is closely pegged to today’s Supreme court decision on the issue of tenure of payment of adjusted gross revenue (AGR) dues.

In the last hearing, held in July, the court had ended some confusion by clearly telling VIL and other operators that there would be no reassessment of the AGR dues calculated by the department of telecommunications (DoT). Operators had earlier claimed, based on their self-assessment, that the payable amount should be far less.

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