April 23, 2024

Disclose all loan fees upfront from Oct 1: RBI

[ad_1] MUMBAI: In a move to boost transparency, RBI has asked all banks and finance companies to provide borrowers with a key facts statement that includes data on all fees and the annual cost of credit from Oct 1 besides basic loan information. The statement should also provide details on the policy on recovery agents, contact details for grievances, and...

Iran-Israel tensions LIVE updates | U.S. says it has downed some Iran-launched attack drones en route to Israel

[ad_1] U.S. House to consider pro-Israel bill next weekThe U.S. House of Representatives will make a change in its schedule to consider legislation that supports Israel and holds Iran accountable, House Majority Leader Steve Scalise said in a statement on Saturday.“The House of Representatives stands strongly with Israel, and there must be consequences for this unprovoked attack,” he said in...

ADB raises India growth forecast to 7% from 6.7%

[ad_1] NEW DELHI: The Asian Development Bank raised India's growth forecast for the current year to 7 per cent, from 6.7 per cent earlier, citing strengthening investment and improving consumption demand in the country, and pegged next year's expansion at 7.2 per cent. It also estimated inflation to stay around 4.6 per cent in 2024.ADB had projected the Indian economy...

South Koreans vote as President Yoon faces a major test in a crucial parliamentary election

[ad_1] People vote at a polling station during the 22nd parliamentary election in Seoul, South Korea, April 10, 2024. | Photo Credit: REUTERS South Koreans are voting Wednesday in a hotly contested parliamentary election that's largely seen as a referendum on conservative President Yoon Suk Yeol and a possible sign of a deepening domestic divide.Regardless of the results, Mr. Yoon...

Ex-finance commission panel chiefs raise key economic issues

[ad_1] NEW DELHI: Two former finance commission chiefs N K Singh and Vijay Kelkar have raised key issues that policymakers need to address in the coming years to deal with changes in the economy.Kelkar, who headed the 13th Finance Commission, underlined the need to rationalise the GST structure and move to a single rate mechanism, something that was recommended by...