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A shift from base rate to MCLR proves elusive

The Reserve Bank of India (RBI) is yet to mandate banks to allow customers who signed up for loans in the erstwhile ‘Base Rate’ regime and who are paying higher rates, to shift to the current ‘MCLR’ structure, which is  lower than the base rate.

posted by Jawwad Kazi 18th Jun 2018

Govt. to study impact of its ads

• The Information and Broadcasting Ministry plans to conduct an independent study to gauge the impact of government advertisements on people, a move aimed at drawing up a strategy for the judicious use of money for publicity.

posted by Jawwad Kazi 18th Jun 2018

Naidu raises Special Category Status issue at the meeting

• Andhra Pradesh Chief Minister N. Chandrababu Naidu raised several pending issues, including the Special Category Status (SCS) at the fourth NITI Aayog Governing Council meeting

posted by Jawwad Kazi 18th Jun 2018

PM renews call for debate on simultaneous polls

Fourth governing council meeting of the NITI Aayog

posted by Jawwad Kazi 18th Jun 2018

India’s proposed Assumption Island deal drifts

An official announcement by Seychelles President Danny Faure cancelled the agreement with India for the development of Assumption Island (a single coral island in the Outer Islands of Seychelles) in the Indian Ocean.

posted by Jawwad Kazi 17th Jun 2018