In what could be called as true credit policy, the bank has taken several measures to ease credit flow and lower rates after the RBI kept the rates unchanged in its monetary policy. It said banks need not maintain cash reserves on the quantum of new loans they offer to automobile and home buyers and also to MSMEs for the next six months. This may see the lending rates fall because State Bank of India I and Bank Of Baroda and Allahabad Bank has already reduced its Marginal Cost of Fund-based Lending Rates, MCLR by 0.05 percent . What should the borrowers do?Borrowers whose home loan are still linked to the base rate or benchmark prime lending rate (BPLR) should consider switching their existing home loan to the external benchmark-based loan regime.External benchmark-linked loans are way too low than those linked with the base rates and come with more transparency in transmission of policy rates as compared to other rate-setting mechanisms.Marginal cost of lending rate (MCLR)If loan is … [Read more...] about Banks are revising rates, what should borrowers and depositors do?
Powell on rate hikes
Companies in India are projected to dole out an average salary hike of 9.1 per cent this year, the highest level in the Asia Pacific region, as they look for key talent and niche skills, says a report. … [Read more...] about Indians to get average 9.1% salary hike in 2020, lowest in a decade: Report
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time. … [Read more...] about Companies in India to Dole Out Average 9.1% Salary Hike in 2020, Says Report
China is in a lot more difficult situation because it obviously imports a lot less from America than America imports from China., says Richard Harris, Founder, Port Shelter Investment. Excerpts from an interview with ETNOW. It looks like the US-China trade wars have reached a new level with renewed intensity. President Trump is asking US companies to move back home. He is also simultaneously saying that talks are still on. What are you making of the current developments?This is all part of the Trump negotiation process which is to go in really hard early on to move the agenda in his direction and then to do a deal when he thinks a deal can be done. Whatever you say, Trump is a very experienced negotiator and you can see the developer coming out. I am not terribly surprised to see this. Now we are in an all-out trade war. One side is increasing terms and then the other side matching it. Probably the trade war will go to its full extent. China is in a lot more difficult situation … [Read more...] about China is in a lot more difficult situation now: Richard Harris, Port Shelter Investment
Operating margins of the poultry industry is expected to decline sharply during FY2020 due to increased prices of key ingredients, maize and soymeal, coupled with inability of players to fully recover the price increase from end customers, according to ICRA. Maize and soymeal prices, which are the key ingredients of poultry feed, constituting about 70 per cent of variable costs (balance variable costs are DOC cost, medicinal care, labor and power costs) have witnessed sharp increases due to multiple headwinds. Usually, by volume, maize forms 60-63 per cent of poultry feed while soymeal forms 25-27 per cent with rest being rice bran oil, de-calcium phosphate and other micronutrients. Given sharp increase in feed prices, cost of production has increased by over 20 per cent in the last one year while broiler prices remained flat. Since broiler prices and feed prices do not always move in tandem and due to inability of poultry players to fully pass on feed price increases to end … [Read more...] about Poultry firms’ margins to fall sharply in FY20: Icra