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India’s leading private bank ICICI Bank reduced interest rates

India’s leading private bank ICICI Bank has reduced interest rates by 0.05 per cent in the new year. After this decision, the EMI of home, auto and personal loans will decrease. At the same time, taking loans for new customers will become cheaper. Recently, SBI announced a cut in the interest rates of MCLR based loans. INICICI Bank has decided to reduce interest rates by 0.05 per cent for all periods. This will reduce the loan EMI of the customers by 0.05%, which means there will be a saving of about 0.05% every month.

India’s leading private bank ICICI Bank has reduced interest rates by 0.05 per cent in the new year.

ICICI Bank reduced interest rates
ICICI Bank reduced interest rates

Has given New Year gift to customers. The bank has cut its external benchmark rate by 0.25 per cent. This will make home loans and auto loans cheaper. This deduction will be applicable from 1 January. All types of new and old customers of the bank will get the benefit. Now, the bank will give loan to those buying new houses at an interest rate of 7.90 per cent. Earlier the interest rate was 8.15 percent. The bank has reduced the external benchmark based rate from 8.05 per cent to 7.80 per cent.

GST collection increased by nine percent in December

The Goods and Services Tax (GST) collection in December 2019 increased by nearly 9% to Rs 1.03 lakh crore. It was Rs 94,726 crore in the same month a year ago. GST collections have increased due to improvements in information sold and improved tax evasion measures. It increased by 6 per cent in November 2019, after a reduction in collections for two months. The government has taken some measures in the past few months to improve the collection, including preventing tax evasion. Revenue Secretary Ajay Pandey, in a meeting with senior officials in December, gave a clear message of increasing GST collections.

The Goods and Services Tax (GST) collection in December 2019 increased by nearly 9% to Rs 1.03 lakh crore.

GST collection increased by nine percent in December
GST collection increased by nine percent in December

He directed to cancel the registration of defaulters and block input tax credit. The Finance Ministry said that during December 2019, there has been a good increase in GST revenue from domestic transactions. If integrated GST from imports is combined, the total revenue in December 2019 increased by 9%. The total number of GST returns filed from November to December last year was 81.21 lakh. This indicates an improvement in compliance. At the state level, the collection in Jammu and Kashmir in December 2019 increased by 40% to Rs 409 crore. Maharashtra recorded the highest collection of Rs 16,530 crore in December.

Minister is not an option other than privatization of Air India

Minister of State for Civil Aviation Hardeep Singh Puri said that there is a debt burden of about 80 thousand crore rupees on Air India. In such a situation, the government has no other option but to privatize it. He said that in the process of privatization of Air India, there is a need for the cooperation of the employees. Puri made this remark in a meeting with 13 employees of Air India here.

In such a situation, the government has no other option but to privatize it.

Minister is not an option other than privatization of Air India
Minister is not an option other than privatization of Air India

According to an organization representative, Puri said that the government was trying to allay employees’ concerns about job security after privatization. The representative said after an hour-long meeting, ‘The minister said that Air India has a debt burden of 80 thousand crore rupees and no expert has a solution for this. In such a situation, the only option of privatization remains before the government.

Rupees card will give cashback of up to 16,000 rupees

Domestic payment technology company RuPay will offer up to 40% cashback on transactions in select countries to its international cardholders. The National Payments Corporation of India gave this information. NPCI said in a statement that Indians traveling to the United Arab Emirates, Singapore, Sri Lanka, UK, USA, Spain, Switzerland and Thailand will get a monthly cashback of up to Rs 16,000 for activating the RuPay International Card. Customers using multiple cards with RuPay International Card, JCB, Discover and Diners Club will be able to get more cashback under the RuPay Travel Tales campaign.

The National Payments Corporation of India gave this information.

Rupees card will give cashback of up to 16,000 rupees
Rupees card will give cashback of up to 16,000 rupees

Rupees card will give cashback of up to 16,000 rupees

Domestic payment technology company RuPay will offer up to 40% cashback on transactions in select countries to its international cardholders. The National Payments Corporation of India gave this information. NPCI said in a statement that Indians traveling to the United Arab Emirates, Singapore, Sri Lanka, UK, USA, Spain, Switzerland and Thailand will get a monthly cashback of up to Rs 16,000 for activating the RuPay International Card. Customers using multiple cards with RuPay International Card, JCB, Discover and Diners Club will be able to get more cashback under the RuPay Travel Tales campaign.

The National Payments Corporation of India gave this information.

Rupees card will give cashback of up to 16,000 rupees
Rupees card will give cashback of up to 16,000 rupees

Open market with decline Sensex at 41,500 and Nifty at 12,240 level

The Sensex and Nifty started trading flat on Thursday’s trading day due to poor signals from global markets. Along with the big stocks, the move of mid and smallcap stocks also looks sluggish. BSE Midcap index is trading at 0.10% and Smallcap index is trading at 0.01%. Oil-gas stocks are also under pressure today. The BSE oil and gas index is trading at a weakness of 0.18 per cent.

The Sensex and Nifty started trading flat on Thursday’s trading day due to poor signals from global markets.

Open market with decline Sensex at 41,500 and Nifty at 12,240 level
Open market with decline Sensex at 41,500 and Nifty at 12,240 level

Auto, banking, metal and realty stocks are under pressure in the market today. While IT FMCG and pharma stocks are showing some buying. Bank Nifty is seen below 32,200 with a weakness of 0.14%.The 30-share BSE Sensex is trading below 41,510 with a weakness of around 50 points. On the other hand, NSE Nifty, the 50-share major index of NSE, is trading around 12,200 with a weakness of around 15 points.

India’s leading private bank ICICI Bank reduced interest rates

India’s leading private bank ICICI Bank has reduced interest rates by 0.05 per cent in the new year. After this decision, the EMI of home, auto and personal loans will decrease. At the same time, taking loans for new customers will become cheaper. Recently, SBI announced a cut in the interest rates of MCLR based loans. INICICI Bank has decided to reduce interest rates by 0.05 per cent for all periods. This will reduce the loan EMI of the customers by 0.05%, which means there will be a saving of about 0.05% every month.

India’s leading private bank ICICI Bank has reduced interest rates by 0.05 per cent in the new year.

ICICI Bank reduced interest rates
ICICI Bank reduced interest rates

Has given New Year gift to customers. The bank has cut its external benchmark rate by 0.25 per cent. This will make home loans and auto loans cheaper. This deduction will be applicable from 1 January. All types of new and old customers of the bank will get the benefit. Now, the bank will give loan to those buying new houses at an interest rate of 7.90 per cent. Earlier the interest rate was 8.15 percent. The bank has reduced the external benchmark based rate from 8.05 per cent to 7.80 per cent.

New year increased prices 19 rupees gas cylinder costlier

After making rail travel expensive, the government has given the people a second blow on the new year. In the new year, the price of LPG cylinder has increased from 1 January 2020. For the fourth consecutive month, the price of LPG has increased, which has shocked the common man. Non-subsidized gas cylinders have become expensive by about Rs 19.00 in major metros of the country. For a 14.2 kg un subsidized cylinder in Delhi you will have to pay Rs 714.00.It costs 747 rupees in Kolkata.

After making rail travel expensive, the government has given the people a second blow on the new year.

New year increased prices
New year increased prices

In Mumbai and Chennai, the price of 14.2 kg un subsidized cylinder is Rs 684.50 and Rs 734.00 respectively. At the same time, the price of 19 kg cylinder has been increased to Rs 1241 in Delhi.It has been priced at Rs 1308 in Kolkata, Rs 1190 in Mumbai and Rs 1363 in Chennai. Price was so much last month In December you had to pay Rs 695.00 for a 14.2 kg un subsidized cylinder in Delhi. It was priced at Rs 725.50 in Kolkata. In Mumbai and Chennai, the price of 14.2 kg un subsidized cylinder was Rs 665.00 and 714.00 respectively.

Air India trouble increased, if not found buyer will be closed in 6 months!

Government-run air services are not taking the name of Air India’s financial woes. If it does not find a buyer soon, then in next 6 months, the government airline AI could be closed.This claim has been made by a senior Air India official. Meanwhile, Civil Aviation Minister Hardeep Singh Puri has stated that his ministry will try to issue a letter of interest for Air India in the coming few weeks. He said, “Air India is a first class airline but there are no two opinions about its privatization. We are not subject to any timeframe. We are trying to disinvest Air India at the earliest.” Earlier, a senior Air India official claimed that 12 small aircrafts were standing, requiring capital to run them again.

Government-run air services are not taking the name of Air India’s financial woes.

Air India trouble increased, if not found buyer will be closed in 6 months!
Air India trouble increased, if not found buyer will be closed in 6 months!

The airline has a debt of around Rs 60,000 crore and the government is working on disinvestment practices.Not disclosing the name, the official cautioned that Air India could also go the Jet Airways route if no prospective buyer is found by June next year.According to the official, the government has refused to invest more capital in the debt-ridden company amidst privatization plans. Because of this, the airline has to “somehow” operate by arranging capital in pieces.It is not likely to last long.He said that we had sought a government guarantee of Rs 2,400 crore from the government to meet the operational needs, but the government only gave a government guarantee for Rs 500 crore. The official did not expect too much of the government to get investors given the “economic situation”.

Air India said, first pay the arrears and then get tickets

Government airline Air India is burdened with heavy debt on one side and on the other hand many government departments are sitting on crores of rupees. Air India, which has been facing a shortage of funds, has now said no to passengers on borrowed tickets. The company has stopped issuing tickets to officials of government agencies which owe more than Rs 10 lakh. An airline source said, various government agencies have borrowed tickets worth Rs 268 crore from Air India and the amount is outstanding. Air India has taken such a step for the first time in decades of history.

The company has stopped issuing tickets to officials of government agencies which owe more than Rs 10 lakh.

Air India said, first pay the arrears and then get tickets
Air India said, first pay the arrears and then get tickets

The company has made a list of government defaulters and their dues, which include the names of CBI, IB, ED, Custom Commissioners, Central Labor Institute, Indian Audit Board, Controller of Defense Accounts and Border Security Force. AI is the first priority for half-yearly visits for the government and its agencies. However, unfortunately these government officials do not show activeness in the matter of payment.In the last few weeks, more than 10 lakh defaulters have been placed on cash and carry, said an airline official. They are being given tickets only after payment. The Airport Authority of India, the Civil Aviation Ministry and the Lok Sabha have been exempted from this.