The happy news is that Home and personal loans may now be comparitively cheaper .The Reserve Bank India has cut repo rates by 25comparatively t0 6 per cent. The head of RBI, RBI governor Urjit Patel announced this happy decision on Wednesday. The cut on key interest rates is expected to bring down interest rates of other loans like personal, home and auto loan. In the same glide ,central bank lends which funds short-term money to banks, has been cut to 6 per cent from 6.25 per cent .
Thus the overall difference of 0.25 per cent. The main result of lower loan costs, necessary to accelerate a quick industrial turnaround time which in turn drives people to spend more.
The RBI Governor mention that the most threatening Inflation has fallen significantly in last three months .This is the impact o of GST and good monsoon. Growth forecast remains unchanged at 7.3 per cent for the current year.
Peps Industries Unique Marketing Initiative Wake Up Day Sees Tremendous Response Peps Industries Pvt. Ltd., India’s top-selling spring mattress manufacturing company celebrated Peps Wake Up Day at Cubbon Park, Bengaluru over the weekend. The event saw a participation of around 1000 people across all age groups.
- Nuvoco CFO Wins CFO100 Roll of Honour Award
- Indian Industry Comes Together to Launch AARC A First of its Kind Recycling Initiative
- Pearl Academy Celebrates 25 Years of its Legacy with Influence at AIFW 18
- 26th Convergence India 2018 Expo
- ATMA Reaches out to Women with Message of Tyre Safety
- Nuvoco Wins the Best in Class Continuous Improvement Award at the 7th MSC Awards 2018
- Su-Kam Undertakes One-of-a-kind Malaysia Tour Initiative for 800 Channel Partners
- Ted Baker Opens his First Store in India in Partnership with Aditya Birla Fashion and Retail Limited
- Paisabazaar.com Opens 2 Lakh Savings Accounts in 2017-18
- Karix Mobile launches its Cloud Communication Platform - karix.io
- Telecom Minister Manoj Sinha to Inaugurate 26th Convergence India 2018 Expo
- HTC Launches Vive Business Edition in India
- Kor Energy Bags ET Nows Green Future Leadership Award for Best Rooftop Solar EPC Company
- Indias KALI Coin ICO with its First International Exchange - CoinRecoil Looks to Transform the Trading in Cryptocurrencies
- Dyson: UKs Leading Technology Company Launches its Latest Product Line-up in India