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In anticipation that consumers will ease their purse strings during festive season, banks including SBI & HDFC have slashed home loan rates to the lowest level in a decade.
Waiver of interest-on-interest for all during the moratorium can minimise moral hazard. Keeping it selective would've run the risk of hurting credit culture.
The largest number of victims of identity-based abuse in India are Muslims. In this case, the abuse comes from people at the top, and nobody is willing to do anything about it.
State-owned banks bought $2.5 billion of bonds in February, the biggest monthly purchase since 2006, after selling heavily over the past year as the RBI injected liquidity.
It is estimated the deal would eventually work out to cost around $9 bn at least for 6 submarines—negotiated down by India. Original bid by state-run MDL & TKMS was over Rs 1.2 lakh cr.
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