Housing loan upto Rs 35 lakh to be treated as PSL: RBI
Giving an impetus to the low-cost housing segment,RBI stated housing loans of up to Rs 35 lakh, for dwellings costing less than Rs 45 lakh, will be treated as priority sector lending (PSL).
India to defend GSP benefits at USTR
To defend its eligibility for benefits under the Generalized System of Preferences (GSP) programme, India is expected to challenge charges levelled against it by the U.S dairy and medical devices industries before the United States Trade Representative (USTR) office.
Govt. teams up with Google for flood warning
With the monsoon under way Union Water Resources Ministry has teamed up with Google to generate flood warnings.
Second-phase nesting leaves a stench at Rushikulya
Remnants of eggs from second-phase mass nesting of olive ridleys at Odisha’s Rushikulya rookery has made the coast a stinking, polluted place.
Paper setters to receive training
The National Testing Agency which is being set up to relieve the Central Board of Secondary Education (CBSE) of the burden of conducting multiple examinations, will also train paper setters to set better question papers and provide better model answers.
Govt. to set up fifth national data centre
The Centre will set up the country’s biggest data centre in Bhopal with a capacity to host five lakh virtual servers
PM renews call for debate on simultaneous polls
Fourth governing council meeting of the NITI Aayog
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
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.
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.