Bombay Informer

MUMBAI: The Nationalist Congress Party (NCP), which is facing a barrage of allegations against departments held by its ministers, on Thursday struck back at chief minister Prithviraj Chavan. Besides targeting the Chavan-controlled MMRDA over cost escalation in infrastructure projects, the party also hit out at Mhada, which also comes under the CM, for fixing “unreasonable [...]

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New Delhi: Home loans are set to get cheaper after the Reserve Bank of India, in its credit policy for 2013-14, cut the repo rate — at which it lends short term funds to banks — by 25 basis points to 7.25%. The central bank also said residential… Full News here – The Times of [...]

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Mumbai  :  The Reserve Bank of India (RBI) Friday cut key policy rates by a quarter percent for the third time since January, a move that will help revive economic growth and make auto, housing and other loans cheaper. The repurchase (repo) rate, the rate at which the central bank lends to commercial banks, has [...]

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New Delhi: The inflation rate slowed to a more than three-year low of 5.96% in March on the back of softening vegetable, fruit and milk prices, brightening the prospect of an interest rate cut by the RBI while bringing relief to the politically… Full News here – The Times of India (Mumbai edition)

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- Pakistani stocks closed higher on Wednesday, driven by interest in telecommunications stocks, traders said. Full News here – Sify.com

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- Pakistan’s stock market closed lower on Tuesday, while the rupee weakened against the dollar, dealers said. Full News here – Sify.com

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Small savers and PPF account holders will earn less on their post office savings schemes, with the government reducing interest rates on such schemes by 0.1%. The interest rate of PPF has been slashed from 8.8% to 8.7% with effect from April 1. Full News here – DNA (Daily News & Analysis) Mumbai Edition

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Mumbai: The domestic air traveller hasn’t had it this good in over a year. Those who book for April or even the beginning of May can expect to get fares almost 20-30% lower than those in March last year. April and early May are usually lean travel… Full News here – The Times of India [...]

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Mumbai  :  With inflation still a worry, India’s central bank Tuesday cut its short-term lending and borrowing rates by just 25 basis points and left the reserve ratios that also control money available for auto, home or commercial loans unchanged. The decision, which came with a guidance that there was limited scope for further easing [...]

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New Delhi: The government feels telecom operators are taking advantage of the Supreme Court-driven spectrum auction process to bring down the price of airwaves. “Perhaps, they are using the court’s judgment to their economic advantage… Maybe… Full News here – The Times of India (Mumbai edition)

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The government has revised the wage rates of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with effect from April 1, 2013. Full News here – Mumbai News, News in Mumbai, Mumbai City News | Cities News – Times of India

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- Pakistan’s stock market closed lower on Thursday with investors cashing in shares after the market hit an all time high the previous day before. Full News here – Sify.com

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Mumbai: Rates on home and auto loans are set to get cheaper even as banks remain tentative about cutting deposit rates following a 25 basis points reduction in key rates by the Reserve Bank of India. However, this might be as good as it gets for… Full News here – The Times of India (Mumbai [...]

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Hotel rates cool in south Mumbai as corporates move up north Mumbai Steady supply of new hotel rooms in the north of the city and subsequent migration of offices of several key corporates has led to a correction in room rates in luxury hotels in south Mumbai following reduced demand. New hotel properties in the [...]

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If you have been waiting to take a home loan, it’s time to start the paperwork. With the RBI signalling a shift in focus — from inflation to growth — interest rates are likely to start coming off from January. RBI stood pat on the key rates and ratios… Full News here – DNA (Daily News [...]

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