Latest news with #Standing
United News of India
24-06-2025
- Politics
- United News of India
Role of Central Zonal Council is important in achieving goal of developed India: Shah
Lucknow 24 June (UNI) Union Home Minister Amit Shah on Tuesday said that the states of the Central Regional Council have an important role in achieving Prime Minister Narendra Modi's goal of building a developed India by 2047. While chairing the 25th meeting of the Central Regional Council here, Shah said that the Central Regional Council is the only regional council where there is no problem or dispute of any kind between two member states and this is a great achievement. Uttar Pradesh Chief Minister Yogi Adityanath, Uttarakhand CM Pushkar Singh Dhami, Madhya Pradesh CM Mohan Yadav and Chhattisgarh CM Vishnu Dev Sai participated in the meeting. Senior ministers of member states, Union Home Secretary, Secretary of Inter-State Council Secretariat, Chief Secretaries of member states and other senior officials of state and central ministries and departments also attended the meeting. He said that while only 11 meetings of Zonal Councils and only 14 meetings of Standing Committees of Zonal Councils were held from 2004-14, 28 meetings of Zonal Councils and 33 meetings of Standing Committees of Zonal Councils have been held in 2014-25, which is a 2-fold increase. He also said that so far 1,287 issues have been resolved in these meetings, which is historic and encouraging in itself. In the meeting, the Home Minister also asked the member states to increase the income of Gram Panchayats and make rules for it. He said that India's three-tier democratic Panchayati Raj system will become more effective only by increasing the income of Panchayats. A total of 19 issues including broad topics of national importance were discussed in the meeting. These included various issues such as implementation of fast track special courts for prompt investigation and speedy disposal of rape cases against women and children, brick-and-mortar banking facility within the designated radius of each village and implementation of emergency response support system. In the meeting, the Home Minister said that all the states of the regional council should ensure to eliminate malnutrition among children, reduce drop-out ratio to zero and strengthen cooperation. UNI AB BM
The Star
17-06-2025
- Business
- The Star
Modern economy creates new insecure social class, says expert
KUALA LUMPUR: Changes in the modern economy have led to a new and growing social class impacted by job and living condition insecurity, says Basic Income Earth Network founder and honorary co-president Prof Guy Standing. Termed the "precariat," this class includes part-time and gig industry workers, arising from the decline of traditional employment and social safety nets. Standing stated that individuals in the precariat often miss out on crucial benefits such as healthcare, pensions, and job security, leaving them exposed to financial instability. He then noted that corporate and household debt is also escalating. "Insecurity is a pandemic in itself, eroding the mental bandwidth and the capacity to be rational and make future decisions. We live in a world of chronic uncertainty, unable to predict when or who will be hit by a shock, with a diminished ability to cope or recover, particularly for the precariat," he said at the International Social Wellbeing Conference 2025 (ISWC 2025), themed "Living to A Hundred: Are We Prepared?" at the Shangri-La Hotel on Tuesday (June 17).
Time of India
08-06-2025
- Business
- Time of India
RBI repo reduction effect: Bank of Baroda cuts lending rate to 8.15%; Cheaper loans for homes and cars
Planning to buy a car or a house? Your loan just got cheaper. Bank of Baroda, one of India's top public sector banks, has slashed its repo linked lending rate (RLLR) by 50 basis points, following the Reserve Bank of India's latest policy cut. Tired of too many ads? go ad free now With the new rate of 8.15% now in effect from June 7, borrowers could see reduced EMIs on home, auto and business loans. The move is set to make loans for homes, cars, and businesses more affordable, potentially boosting credit demand across sectors. Several other banks are also lowering interest rates in response to the central bank's decision. The rate cut comes after the Reserve Bank's Monetary Policy Committee (MPC) announced a 50 basis point reduction in the repo rate, bringing it down to 5.5%. The central bank's Governor, Sanjay Malhotra, said the decision was driven by easing inflation pressures. With inflation softening and both near-term and medium-term projections staying within the target range, there is room to support growth while maintaining price stability. Food inflation, in particular, has remained benign, Malhotra said. As a result of the policy move, the Standing Deposit Facility (SDF) Rate has been adjusted to 5.25%, while the Marginal Standing Facility (MSF) Rate and the Bank Rate now stand at 5.75%. Founded in 1908 by Maharaja Sayajirao Gaekwad III, Bank of Baroda is a state-owned lender serving over 165 million customers across 17 countries. With around 60,000 customer touchpoints and a growing digital footprint, the bank is positioning itself as a reliable and accessible choice for modern banking needs. The latest rate cut aligns with the bank's commitment to support its customers' aspirations with more affordable credit.
India Gazette
07-06-2025
- Business
- India Gazette
Rate-sensitive sectors like banking, NBFCs, real estate and automobile to gain amid easing rates: Report
New Delhi [India], June 7 (ANI): Sectors such as banking, NBFCs, real estate, and automobiles are expected to be the key beneficiaries of the current easing interest rate environment, according to a report by Nexedge Research. The report mentioned that with borrowing costs on a downward trend, these rate-sensitive segments are likely to witness stronger credit flow, lower financing costs, and improved demand conditions. It said, 'Banking, NBFCs, real estate, and automobiles are well positioned to benefit from lower borrowing costs.' The report also noted that the Indian economy is entering a phase marked by benign inflation and ample liquidity, creating a sustained low-interest rate backdrop. This is already evident in the falling money market rates and a notable softening in the 10-year government bond yield. The report mentioned that the decline in yields has boosted bond prices and improved return prospects for fixed-income investors. It said, 'Money market rates and bond yields are trending lower, with the 10-year G-sec yield already softening, boosting bond prices and supporting fixed-income returns.' The report highlighted that inflation is currently hovering near the lower end of the Reserve Bank of India's (RBI) target range of 2-6 per cent. With the RBI maintaining a neutral policy stance, the market is beginning to price in the possibility of further rate cuts. This combination of falling inflation and proactive monetary easing is seen as supportive for both equity and bond markets. The report suggested that these factors together are strengthening the medium-term macro outlook, offering a positive backdrop for investors and further momentum for India's economic growth. The RBI's Monetary Policy Committee on Friday cut the repo rate by 50 basis points to 5.50 per cent (from 6.00 per cent). This larger-than-expected cut marks the third consecutive reduction in 2025, totalling 100 bps of easing since February. Consequently, the Standing Deposit Facility (SDF) rate stands adjusted at 5.25 per cent, and the Marginal Standing Facility (MSF) rate and Bank Rate are set at 5.75 per cent. The RBI has also reduced CRR by 100 bps (from 4 per cent down to 3 per cent) to augment durable liquidity in the banking system. This CRR cut will be implemented in phases beginning September 6, October 4, November 1 and November 29, 2025, and is expected to release roughly Rs 2.5 trillion of liquidity by November 2025, bolstering bank lending capacity. (ANI)
Economic Times
07-06-2025
- Business
- Economic Times
Rate-sensitive sectors like banking, NBFCs, real estate and automobile to gain amid easing rates: Report
Lower interest rates are expected to benefit banks, NBFCs, autos, and real estate, as borrowing eases and credit flow improves, says Nexedge Research report. Sectors like banking, NBFCs, real estate, and automobiles are poised to benefit from India's easing interest rate cycle, as lower borrowing costs boost credit flow, demand, and fixed-income returns amid falling yields and rising liquidity, says Nexedge Research. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Sectors such as banking, NBFCs, real estate, and automobiles are expected to be the key beneficiaries of the current easing interest rate environment, according to a report by Nexedge report mentioned that with borrowing costs on a downward trend, these rate-sensitive segments are likely to witness stronger credit flow, lower financing costs, and improved demand said, "Banking, NBFCs, real estate, and automobiles are well positioned to benefit from lower borrowing costs."The report also noted that the Indian economy is entering a phase marked by benign inflation and ample liquidity, creating a sustained low-interest rate backdrop. This is already evident in the falling money market rates and a notable softening in the 10-year government bond report mentioned that the decline in yields has boosted bond prices and improved return prospects for fixed-income said, "Money market rates and bond yields are trending lower, with the 10-year G-sec yield already softening, boosting bond prices and supporting fixed-income returns."The report highlighted that inflation is currently hovering near the lower end of the Reserve Bank of India's (RBI) target range of 2-6 per cent. With the RBI maintaining a neutral policy stance, the market is beginning to price in the possibility of further rate combination of falling inflation and proactive monetary easing is seen as supportive for both equity and bond report suggested that these factors together are strengthening the medium-term macro outlook, offering a positive backdrop for investors and further momentum for India's economic RBI's Monetary Policy Committee on Friday cut the repo rate by 50 basis points to 5.50 per cent (from 6.00 per cent). This larger-than-expected cut marks the third consecutive reduction in 2025, totalling 100 bps of easing since the Standing Deposit Facility (SDF) rate stands adjusted at 5.25 per cent, and the Marginal Standing Facility (MSF) rate and Bank Rate are set at 5.75 per RBI has also reduced CRR by 100 bps (from 4 per cent down to 3 per cent) to augment durable liquidity in the banking CRR cut will be implemented in phases beginning September 6, October 4, November 1 and November 29, 2025, and is expected to release roughly Rs 2.5 trillion of liquidity by November 2025, bolstering bank lending capacity.
