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Lower
interest for loans, deposits
New Delhi, April 21
Home, consumer, personal and
corporate loans are likely to become cheaper after the Reserve Bank of
India today lowered short term lending and borrowing rates by 25 basis
points and asked banks to cut interest rates. Bank deposits too,
consequently, will attract a lower interest rate.
Finally,
armed forces win salary battle
MoD accords pay-band IV status
to Lt Cols,
their equivalents
New Delhi, April 21
Ending a long-drawn controversy
over fixation of salary and status of armed forces personnel, the
Ministry of Defence today issued a notification to mollify the forces.
With this, one of the four-core issues raised by the forces last year
lies addressed.
Army
chief’s ‘humiliation’ sparks protests
in Nepal
All major political
parties, barring the Maoists, today stalled proceedings in Parliament to
protest the Maoist-led government’s alleged move to oust the Army
chief, Rookmangud Katawal. The Army chief, however, submitted a written
reply denying the allegation that he had defied the government.
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