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Further initiatives are needed to boost consumption and investment to stimulate economic growth, said the experts.Reduction in risk weightage for consumer credit will free up capital from the banking sector for productive use, said SBI chairman

The RBI today reduced the risk weight for all consumer loans, barring credit cards, to 100% from the prevailing 125%.The move will help lower loan pricing in the unsecured consumer credit space

Increasing the speed of the Delhi-Mumbai and Delhi-Howrah sections to 160 kmph will ensure up to 60% increase in average speed of passenger trains.Together these two routes account for 29% of passenger traffic and 20 % of freight traffic

Sterlite Power CEO Pratik Agarwal says he expects central, state govts to issue battery tenders totaling several gigawatts of capacity by no later than the end of next year.India is forecast to have 34 gigawatts of battery storage capacity by 2030

The Agartala airport currently operates on 509 acres of land and sits just along the Bangladesh border.The Tripura govt had already provided 72 acres of land to AAI for construction of its new terminal building, runway and other necessary infrastructure

Since February, the repo rates have come down by hefty 110 bps to 5.4% with today’s 35 bps reduction.He said banks have taken this stance despite financial markets, on which they depend for money

The govt panel has recommended allowing marketing rights for sale of gasoil, gasoline and aviation fuel to firms with a net worth of ₹250 crore.The cabinet is expected to approve the proposal in four to six weeks, the report says

RBI will issue a detailed guideline in this regard by next month.Prepaid recharges are not allowed on BBPS

Taarak Mehta is telecast on Sony’s Hindi comedy channel SAB TV.Show creator and producer Asit Kumarr Modi is planning an animated version of the sitcom

With the latest MCLR cut by SBI, home loans have become cheaper by 35 bps since April 10, 2019.SBI has linked repo rate to some other loan products