
Task force set up for integrated bus transport services in MMR
Mumbai: State govt on Tuesday set up a task force to create a roadmap for integrated bus transport services and seamless ticketing in the Mumbai Metropolitan Region (MMR).
The 12-member task force will be headed by BEST general manager S V R Srinivas, and include senior officials from BMC, MMRDA, and municipal commissioners of all local corporations in MMR, including Ulhasnagar and Bhiwandi-Nizampura.
NITI Aayog, in its report submitted to govt in 2024, had recommended making the MMR a growth hub (G-Hub) with a $300 billion economy by 2030 from the present $140 billion. In Feb, govt appointed a nine-member Project Management Unit, headed by the housing department's additional chief secretary, for the implementation of the G-Hub report. In the review meeting on the G-Hub plan in April, CM Devendra Fadnavis gave directions to set up the task force to prepare the Integrated Bus Transportation Plan for MMR.

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Mint
2 hours ago
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RBI cut interest rates: How will it impact personal loan interest rates?
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On 6th June 2025, the RBI cut the repo rate by 50 basis points from 6% to 5.5%. It is the RBI's biggest repo rate in the last few years. Before that, the RBI cut the repo rate from 6.5% to 6.25% in February 2025, and further from 6.25% to 6.0% in April 2025. Apart from the repo rate cut, the RBI announced the CRR cut by 100 basis points. It will be done in four equal tranches of 25 basis points each on 6th September, 4th October, 1st November, and 29th November. A cut in the repo rate has a direct impact on the personal loan interest rates. When the repo rate is cut, it lowers the cost of borrowing for banks. When the cost of funds falls for banks, they can lend to customers at a lower rate. Thus, when the repo rate decreases, the interest rates on personal loans and other loans go down. The RBI's move to cut the repo rate by 100 basis points or 1% since February 2025 is good news for personal loan borrowers. The borrowers can expect a cut in interest rates on personal loans. 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As mentioned earlier, there is limited scope for any further repo rate cuts in the near future. It will all depend on how inflation behaves. Banks will pass on the repo rate cut benefit to their customers in the form of lower interest rates on personal loans and other loans. Hence, if you are looking for a personal loan, consider going for it. Gopal Gidwani is a freelance personal finance content writer with 15+ years of experience. He can be reached at LinkedIn.


Hindustan Times
5 hours ago
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Hindustan Times
5 hours ago
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