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RBI Governor Full Statement After Monitory policy Committee #War on Corona

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The Reserve Bank of India (RBI) is stepping up to ameliorate the situation in the wake of the recent economic slowdown in the Indian economy, which has been hit by stagnation. The first monetary policy review of 2020–21, scheduled to take place between April 1 and 3, is halfway through March 27. Making key decisions in the direction of putting the economy in the groove. Considering the fact that the committee meeting has been put forward for weeks now, the current economic emergencies can be understood. Considering the decisions made by the six-member Monetary Lending Policy Committee headed by RBI Governor Shaktikantas …

Housing, auto and personal loans have
reduced the interest rate repo rate on lending to cheap banks by a whopping 75 basis points (100 basis points). With this the rate fell to 4.4%. In the wake of the Covid-19 impact, some 43 central banks, including the US Central Bank Fed, the European Central Bank and the Bank of England, have taken a decision to cut rates in the face of international financial uncertainty and slowing trends. The RBI has reduced the repo rate by 135 basis points to five consecutive times since February 2019 (except the last two times).
With this, the rate fell to 5.15%. In the last two meetings, the RBI, which has been able to make a rate cut decision to target growth, has been unable to make decisions in the last two meetings due to rising cost control. The repo rate fell to a 16-year low with Friday’s decision. Going deeper into this … in the wake of the 2008 global financial crisis, the repo rate fell to 4.75% in April 2009. The report is now down to a lower level. This is the first time since 2004 that the current 4.4% repo rate has been seen. That means the current rate is a decade and a half lower. The repo rate reduces the housing, auto and personal loan rates associated with this rate. Industry will also reduce interest rates.
Deposits of banks are only 4%
This brought the rate down to 4 percent. The instrument’s objective is to encourage banks to reduce their interest in the market and to give them interest in the market due to the low interest rates on their funds.  
However, in the face of economic downturns, banks may feel that it is better to hold funds at RBI and get a lower interest rate instead of having to lend funds out of interest in severe downgrades.  
The
RBI has reduced the Cash Reserve Ratio (CRR) by one percent and CRR by one percent. This has brought the rate down to 3 percent. Banks must keep the new amount in their deposits at RBI. RBI does not pay any interest on this. This rate cut will result in the availability of additional funds at banks. This is the first time in seven years that RBI has reduced the CRR.  
How to fund the system?
Due to various decisions taken by the RBI, the banking system will have a cash flow of Rs. This includes a repo operation which costs Rs. Lakhs of crores come into the system. The total amount of money coming into the financial system through CRR is Rs 1.37 lakh crore.  
0.75% interest cut on loans:
State Bank of India (SBI) has made a major decision in the wake of SBI’s RBI policy announcement. A total of 75 basis points will be transferred to the customer from April 1, the company said in a statement.

In the wake of the SBI decision, the External Benchmark Consolidated Annual Lending Rate (EBR) will come down to 7.05% from the current 7.8%. The repo-based lending rate (RLLR) will fall from 7.40% to 6.65%. Accordingly, the home loan rate for the next 30 years will fall to Rs 52 lakh per month on EMI, the statement said. The Bank’s Asset Liability Committee (ALCO) will make a decision on the Fund’s Cost-Based Debt Rate (MCLR) next month.   
SBI announces reduction in deposit rates of
all time- limited retail and bulk deposit rates in the range of 20 to 100 basis points. While the rate on retail deposit decreased from 20 basis points to 50 basis points, the rate on bulk deposit fell by 50 to 100 basis points.  
Marathorium on any loans …  
RBI gives customers a big advantage over the monthly payment (EMI) of term loans (agricultural, housing, education, personal and vehicle) including credit card payments. The three-month moratorium on the loan payments gave financial institutions the option to make a decision. Maratorium time is not considered by default and dull. “The Maratorium will be in effect on all loan payments between March and May. This applies to all categories of retail and corporate debt, including credit card dues.
The Maratorium applies to all original, interest, total dues, EMIs and credit card dues, ”an RBI statement said. The loan repayment schedule for term loans after the Maratorium increases for three months. For example, suppose you pay all EMIs by March 31, 2022, in relation to a loan. That schedule will now be extended to June 30, 2022. The Maratorium applies to all commercial banks (including regional rural banks, small finance banks, local area banks), cooperative banks, All India Financial Institutions and NBFCs.    
Interest accrued on working capital loans taken by companies. The interest accrued during this period will be deducted from the completion of the Maratorium.  
► Banks have to decide on Maratorium rules.   
► In a sense it is a deferral of the loan payment and should be strictly curtailed later. The EMI term may be increased according to the terms of the respective banks or the interest may be adjusted to cover the rest of the term in the Maratorium period. Banks need to be clear on this.  
Credit card dues: The
RBI has made it clear that credit card dues and EMIs also apply to the three-month marathoner. To that extent the dues can be paid after three months. However, the interest on the original continues to be heavy for the entire time. For example the original cut is Rs. 10,000, however, the interest is calculated on the deferred first month. This is a tax. Also, in the second month there will be additional interest and taxes on the original, plus interest. Repeat this for the third month. In the fourth month (after the Maratorium), the accumulated arrears will be deducted at once, including interest and taxes.
What is the benefit of lowering the rate … Term loan recipients like home, auto and personal loans will benefit from rate cuts 
If banks also cut rates in line with RBI policy, loans become cheaper. However, the   
Reserve Bank of India has reduced the base rate by 75 basis points (one basis point ie 0.01%). With this, the repo-rate-linked home borrower … can significantly reduce the interest rate burden. For example, an annual interest rate of 8% is Rs. 50 lakhs and their EMI burden is around Rs. 2,139 may be reduced. However, with the SBI already cutting the lending rate by 0.75%, other banks are following suit.  

► Usually banks are offering floating rate loans on a repo rate basis from 1 October 2019. So banks will have to transfer those benefits to customers to the extent that the RBI has reduced it. The marginal cost of funds (MCLR) based interest rate is also reduced for those who have borrowed. If you do not enjoy full benefits, you may have to pay a one-time administration fee .. It is better to switch to repo rate based home loans. Since banks are shrinking … Housing Finance Companies (HFCs) have the potential to reduce their competitiveness.
This is the
Maratorium. The Maratorium is meant to give creditors a little leeway during a crisis. Revenues are likely to fall with the lockdown announced for the corona virus outbreak. This can make it difficult for borrowers to pay EMIs. Considering this, the RBI has announced a moratorium on temporarily delaying the payment of EMIs for 3 months. If the EMI is not paid till May, the bank will not consider you a defaulter. There is no damage to your credit score.
Any strengthening of the financial and volatile … ..
2019-20 financial year, the gross domestic product (GDP) growth rate of 5 per cent. This rate was 4.7% in the January-March quarter. The global economic slowdown has a profound impact on the country’s economy. The fall in crude oil prices, however, is a boost to the economy. The positive impact of the liquidity initiatives and the corona tightening are a guide to future growth in the country. Due to record-breaking food prices, food prices remain in control.
However, there is no forecast for GDP growth and inflation outlook for the next financial year. This is due to uncertainty conditions. Further, the RBI’s initiatives are aimed at restoring economic stability and growth. The banking system in India is secure. Secure deposits in private banks. There is no need to withdraw funds from banks. The current Indian macroeconomic sources are tight compared to the 2008 financial market crisis.
– Shaktikantha Das, RBI Governor  
Protection of the economy
, the central bank measures to protect the economy from the impact of coronavirus. Increase the cash availability in the system. Fundraising costs are reduced. RBI decisions help middle class people and traders.    

– Narendra Modi, Prime Minister
Immediate transfer should take place
Governor’s statement that India’s economy is strong The Maratorium is a big boon on the payment of dues.

– Nirmala Sitharaman, Finance Minister
The manual approach to
the economy, the protection of human attitude and adventurous, harsaniya decisions taken by the central bank. Up to Rs. 60,000 crores in the case of SBI is likely to come under the Maratorium.

– Rajneesh Kumar, SBI Chairman  
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Rajya Sabha Election: Will Mahavikas Aghadi’s Fourth Candidate Get Elected? jayant…

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Rajya Sabha Election: Will Mahavikas Aghadi’s Fourth Candidate Get Elected? Jayant Patil gave a great answer, he said

Talks with independents are taking place at various levels. We will be informed about this in due course, said Jayant Patil.

Jayant Patil
Jayant Patil (archived photos)

The Mahavikas Aghadi is not in trouble. The Mahavikas front has a majority. Therefore, the fourth candidate from the alliance will win with good votes, said Jayant Patil, NCP state chairman and minister of water resources. Following a meeting with NCP Chairman Sharad Pawar at Yashwantrao Chavan Pratishthan today, Jayant Patil interacted with the media. He this time he made the above statement.

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“Discussions are taking place with independents at various levels. You will be notified in due course. People get angry at different times for different reasons. But the Samajwadi Party has stood against the BJP in Uttar Pradesh. So Therefore, they will support the Mahavikas Aghadi government,” said Jayant Patil.

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“She is fine. This has all started so that all MLAs are in Mumbai and available to vote due to Corona. Votes need to be shown, so it is not about kidnapping anyone,” said Jayant Patil.

Also Read >> Did Bishnoi Gang Threaten Salman Khan? Important information provided by the Delhi Police after Mhorakya’s interrogation!

BJP will try to form a front. These elections were supposed to be uncontested. The candidate who is in the electoral arena; No need to blame him for trying to get votes. But originally, the Mahavikas Aghadi government was initially supported by 170 MLAs, so all the candidates will be elected,” said Jayant Patil.

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“Today, all members of the Legislative Assembly have received instructions from Mahavikas Aghadi. Most of the MLAs have arrived in Mumbai. Jayant Patil also said that this meeting was for all of them. Meanwhile, discussions are underway for the Legislative Council and we have two seats and it is being discussed for two seats Jayant Patil clarified that his decision will be announced in due course.

Website title: Jayant patil said that the 4th candidate in the 2022 rajya sabha elections will definitely win the prd

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Maharashtra HSC Result 2022: Class XII results to be announced tomorrow; ‘As a’ …

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Maharashtra HSC Result 2022: Class XII results to be announced tomorrow; See result ‘Asa’

Maharashtra Result 12 2022: The Maharashtra State Board of Secondary and Higher Secondary Education will release the class 12 results tomorrow.

Maharashtra HSC Result 2022 date
representative photo

Maharashtra HSC Result 2022 Date & Time: The Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE) will soon announce the results of Class XII on Wednesday, June 8, 2022. The results will be announced at 4 p.m. Candidates must check the official website of the Maharashtra State Board of Secondary and Higher Secondary Education for the latest information on the results.

The Maharashtra HSC results were expected to be released on the website on June 10, 2022. But the board has issued official notification that the results will be announced tomorrow June 8.

You can view the results by logging into this website:

  • msbshse.co.in
  • hscresult.mkcl.org
  • mahresult.nic.in.

Check the results of ‘Asa’

  • To view the Maharashtra Board results, first visit the official website of MSBSHSE maharesult.nic.in or hscresult.mkcl.org or msbshse.co.in.
  • On the home page, click on the MSBSHSE 12th Result 2022 link, the link will be activated as soon as the result is announced.
  • Enter your registration number and date of birth, enter the captcha and click submit.
  • Your result will appear on your screen, you can download and save it to your desktop below.

Around 14 lakh students sit HSC exams in Maharashtra every year. Last year Maharashtra Board canceled board exams 10 and 12 due to corona virus. The students were approved on the basis of the internal evaluation and the test. However, the board exams were held like every year, so the students are eagerly awaiting the results.

Website title: Maharashtra hsc result 2022 date and time announced check all details how to download ttg grade sheet

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Did the Bishnoi Gang threaten Salman Khan? After the chief’s consultation, Delhi…

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Did the Bishnoi Gang threaten Salman Khan? Important information provided by the Delhi Police after Mhorakya’s interrogation!

Who exactly threatened Salman Khan? The Mumbai Police are investigating in this regard and new information has come to light in the investigation by the Delhi Police.

salman khan lawrence bishnoi
Salman Khan threatened by Lawrence Bishnoi Gang? (Photo – PTI)

Mumbai police have launched an investigation after receiving death threats against Bollywood actor Salman Khan and his father Salim Khan. The State Department of Home Affairs has also taken note of this and the Deputy Commissioner of Mumbai Police, Vishwas Nangre Patil, has provided detailed information to the Home Minister in this regard. The Department of the Interior suspects that Lawrence Bishnoi’s gang was involved in the threat. In this context, the Delhi Police has given important information in this regard after interrogating the leader of this gang, Lawrence Bishnoi, in prison.

Salman threatens Sidhu Musewala

On June 5, Salim Khan received a threatening letter in his backyard. The letter threatened to “do the same to Salman Khan and Sidhu Musewala”. A complaint has been filed with the Bandra police and a case has been registered against an unidentified person. In this context, Nangre-Patil informed the Minister of the Interior, Dilip Walse Patil, about the investigation of this case and other important information. The Home Office has also said Lawrence Bishnoi’s gang is suspected of being behind the threat to Salman Khan.

Reiki from Salman’s house before sending a threatening letter; Vishwas Nangre Patil arrives to meet the Minister of the Interior

Meanwhile, while all these activities were going on in Mumbai, the Delhi police questioned Lawrence Bishnoi, the leader of the Bishnoi gang, who was serving his sentence in jail. When he asked Lawrence about the threat to Salman Khan, Lawrence told him that he had nothing to do with it. The Delhi Police has given this information, according to a tweet from ANI.

Salim Khan’s threatening letters Salman and Salim Khan increase security; Police authorities alerted after receiving threatening letter

“I have no idea”

Law enforcement suspects that the Lawrence Bishnoi gang was involved in the murder of Sidhu Musewala. The Bishnoi gang had previously threatened to kill Salman Khan in an antelope poaching case. However, Lawrence Bishnoi’s statement that “I don’t know who threatened Salman Khan” has added to the mystery. Who exactly threatened Salman Khan? The Mumbai police is conducting a thorough investigation into it.

Website title: salman khan life threat lawrence bishnoi gang siddhu musewala assassination pmw

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