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SBI slashes home loan rates to 6.70%

India's largest lender, State Bank of India ( SBI ) has cut home loan rates by 70 bps to 6.70% for a limited period offer which will be ending on 31st March 2021. Further the lender is also giving 100% waiver on processing fees. The lender said, " The interest concession are based on loan amount and CIBIL score of the borrower. SBI believes that it is important to extend better rates to customers who maintain good repayment history." SBI Home loan interest rates are linked to CIBIL score and start from 6.70% for loans upto Rs. 75 lakh and 6.75% for loans above Rs. 75 lakhs. Customers can also apply from the ease of their home via YONO App to get additional interest concession of 5 bps. On the eve of International Women’s day, a special 5 bps concession is being made available to the women borrowers. Saloni Narayan, DMD (Retail Business), SBI said, “Our customers have complete trust in us because of our total transparency. The reduced interest rates are one of the best ... » Learn More about SBI slashes home loan rates to 6.70%

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China’s preschool enrollment rate reaches 85.2 pct

Video Player Close BEIJING, March 1 (Xinhua) -- The gross enrollment rate in China's preschool education reached 85.2 percent last year, showed statistics from the Ministry of Education. China had a total of 291,700 kindergartens last year that enrolled more than 48 million children, with nearly 85 percent of the children admitted to public-interest kindergartens, the ministry said Monday. Public-interest kindergartens refer to public kindergartens or private ones that provide quality preschool education at affordable prices. As for the country's nine-year compulsory education, China had 210,800 schools that recruited 156 million students in total, said the ministry, adding that the compulsory education retention rate reached 95.2 percent in 2020. In addition, more than 41 million students are studying at 24,400 senior high schools across the country, with a gross enrollment rate of 91.2 percent. Enditem ... » Learn More about China’s preschool enrollment rate reaches 85.2 pct

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LPG cylinder prices increase by Rs 25, check Delhi rates

New Delhi: Several new rules will come into force from Monday (March 1) affecting the daily life of people. Under the new rules, the LPG Cylinder price has been increased by Rs 25 per cylinder from today. This is the 4th hike since February, which takes the cumulative hike to Rs 125 per cylinder now. If you are in Delhi, you have to pay more for a domestic gas cylinder, which will now cost Rs 819. The 14.2 Kg gas cylinder will cost more in the national capital as the domestic oil companies have decided to raise the price by Rs 25. In February, the LPG rates were revised thrice amid surging crude oil prices. Currently, a 14.2 Kg cylinder is priced at Rs 794 in the national capital while it costs Rs 745.50 in Kolkata and Rs 735 in Chennai. First, it was increased on February 4 by Rs 25 and then on February 14 by Rs 50. Since December, cooking gas prices are constantly being hiked by Rs 200 per cylinder. The state-run oil companies are tasked with determining the ... » Learn More about LPG cylinder prices increase by Rs 25, check Delhi rates

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In first post-White House speech, Trump calls for Republican party unity

For Quick Alerts Subscribe Now Patnaik takes first jab of Covaxin View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Donald Trump Trump hints at a 2024 re-run for White House #Donald Trump ''Blame Trump'' defense in Capitol riot looks like a long shot #Donald Trump Court won't revive porn star's defamation suit against Donald Trump #Donald Trump Democratic congressman sues Trump over role in Capitol riot #Donald Trump Speaker Pelosi proposes 9/11-type commission to probe US Capitol storming #Donald Trump Impeachment is not the final word on Capitol riot for Trump Just In 4 min ago Registration for Covid-19 vaccine to be done through CO-WIN portal only, No app for beneficiaries yet: Govt 4 min ago Tamil Nadu should show the way to India in keeping out BJP: Rahul Gandhi 8 min ago BJP leader’s aide arrested in ... » Learn More about In first post-White House speech, Trump calls for Republican party unity

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Sensex surges over 500 pts in early trade; Nifty tops 14,680

For Quick Alerts Subscribe Now Coronavirus: Planning to get vaccinated tomorrow, says Harsh Vardhan View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Sensex Sensex tanks over 1,000 points in opening trade #Sensex NSE tech glitch resolved, resumes at 3.45 pm; Trading hours extended till 5 pm #Sensex Sensex and Nifty scale new highs ahead of RBI policy decision #Sensex Sensex zooms over 1,700 pts after Budget 2021; Nifty reclaims 14K #Sensex Sensex crash: Investors lose Rs 7 lakh crore as mutant virus spooks global markets #Sensex Sensex opens at record high, turns choppy in early trade Just In 12 min ago Spectrum auctions underway; 2,251.25 megahertz radiowaves valued at Rs 3.92 lakh cr up for bidding 21 min ago Inspired, humbled says Bharat Biotech after PM Modi gets vaccination 32 min ago Chhattisgarh Budget: ... » Learn More about Sensex surges over 500 pts in early trade; Nifty tops 14,680

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New COVID cases once more surpass recoveries in dist

In 24 hrs, 1,600 fresh cases reported, while 1,083 discharged; at least 6 deaths reported in same time Fresh COVID cases surpassed recoveries in Pune district by far on Sunday, with 1,600 new patients reported in 24 hours, taking the cumulative total till date 4,08,053. With five deaths reported on the same day, the district death toll now stands at 9,240. While PMC saw four deaths, PCMC reported one. Comparatively, a smaller number of virus-infected patients — 1,083 — were discharged after successful treatment from various hospitals; this takes the total recoveries to 3,88,610 in the district. Of the total cases in the district on Sunday, Pune Municipal Corporation (PMC) reported 774 and Pimpri-Chinchwad Municipal Corporation (PCMC) reported 423; 279 came from Pune rural areas and from Civil Surgeon and Cantonment Board areas, said Pune district health officer Dr Bhagwan Pawar. Unable to get his little one to keep a mask on, a balloon vendor in the ... » Learn More about New COVID cases once more surpass recoveries in dist

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Further rise in bond yields seen; oil likely at $100/barrel

The 10-year and 30-year US Treasury finished at 1.34 per cent and 2.13 per cent, respectively, last week. The rise in US bond yields spooked investors last week and there could a further increase given the inflation dynamics, according to Christopher Wood, global head of equity strategy at Jefferies. “The US bond market sell-off has continued over the past week, and with it the increased potential for an inflation scare. "Still, there is plenty of scope for bonds to sell off more since the last time the 5-year forward inflation expectation rate was running at current levels (namely in early December 2018), the 10- and 30-year bond yields were significantly higher at 2.91 per cent and 3.17 per cent, respectively,” the market guru said in his newsletter GREED & fear. The 10-year and 30-year US Treasury finished at 1.34 per cent and 2.13 per cent, respectively, last week. At the start of the month, the 10-year was at 1 per cent and 30-year was at 1.8 per ... » Learn More about Further rise in bond yields seen; oil likely at $100/barrel

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Jet fuel price up by steep 6.5%; petrol, diesel unchanged

Jet fuel prices on Monday were hiked by a steep 6.5 per cent on the back of a rally in international oil prices. Aviation turbine fuel or ATF price was hiked by Rs 3,663 per kilolitre, or 6.5 per cent, to Rs 59,400.91 per kl in the national capital, according to a price notification of state-owned fuel retailers. This is the third increase in jet fuel prices since February. Rates were increased by 3.6 per cent on February 16, and by Rs 3,246.75 per kl on February 1. The increase in rates will add to the margin woes of airlines who continue to operate flights at less than capacity, amid pandemic-driven travel restrictions. Brent crude oil prices on Monday rose to $65.49 per barrel - the highest in more than a year - on optimism in the global economy and on hopes for improving oil demand as vaccines are being rolled out. Meanwhile, petrol and diesel prices were unchanged for the second day in a row after hitting an all-time high. Petrol is priced at Rs 91.17 ... » Learn More about Jet fuel price up by steep 6.5%; petrol, diesel unchanged

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Economy shakes off Covid blues; records 0.4% growth in Q3

After contracting for two quarters in a row, the Indian economy entered the positive territory with a growth of 0.4 per cent in the October-December quarter, mainly due to good performance by farm, services and construction sectors, official data showed on Friday. Illustration: Dominic Xavier/ Rediff.com Trade and hotel industry registered a contraction of 7.7 per cent during the third quarter this fiscal, as the sectors continued to suffer on account of coronavirus pandemic. According to the data released by the National Statistical Office (NSO), the farm sector recorded a growth of 3.9 per cent, and the manufacturing sector output grew by 1.6 per cent in the quarter under review. The construction sector advanced by 6.2 per cent, while electricity, gas, water supply and other utility services clocked a 7.3 per cent growth. The NSO said, "GDP at Constant (2011-12) Prices in Q3 of 2020-21 is estimated at Rs 36.22 lakh crore, as against Rs 36.08 lakh crore in Q3 of ... » Learn More about Economy shakes off Covid blues; records 0.4% growth in Q3

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Govt has no business to be in business: Modi

Prime Minister Narendra Modi on Wednesday made his strongest pitch for privatisation of non-strategic PSUs, saying the government has no business to be in business and sustaining loss-making units on taxpayers' money drains resources that could otherwise have been spent on public welfare schemes. Illustration: Dominic Xavier/ Rediff.com He said about 100 under-utilised or unutilised assets with public sector units (PSUs), such as those in the oil and gas and power sectors, will be monetised, creating Rs 2.5 lakh crore of investment opportunities. "It is government's duty to support enterprises and businesses. But it is not essential that it should own and run enterprises," the prime minister said at a webinar on the privatisation approach in the Budget for 2021-22. The private sector brings in investment, global best practices, top-quality managers, changes in management and modernisation, he said, adding the money generated from the stake sales will be routed to ... » Learn More about Govt has no business to be in business: Modi

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