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SBI reduces one-year MCLR by 10 bps

Monday, December 9, 2019, 12:56 PM

Just a few days after the Reserve Bank of India maintained the status quo on key rates, the country's largest lender, State Bank of India (SBI) announced a reduction in its one-year lending rate. SBI announced on Monday that it has cut one-year marginal cost-based lending rates (MCLR) by 10 bps. The one-year MCLR will come down to 7.90 percent from 8 percent.
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Laziness has a cost. It is Rs 42,69,00,000

Monday, December 9, 2019, 12:47 PM

The Karnataka government has failed to utilize Rs.42.69 crore sanctioned by the Union Ministry of Commerce and Industry for the establishment of the Aerospace Common Finishing Facility(ACFF) at Aerospace Park near Devanahalli. As a result, the Union Ministry has withdrawn the sanction of the above project and asked the Karnataka government to refund the Central grant of Rs.12.807 crore along with applicable penal interest.
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Health experts warn of emerging threat of Nipah virus

Monday, December 9, 2019, 12:39 PM

A deadly virus called Nipah carried by bats has already caused human outbreaks across South and South East Asia and has "serious epidemic potential", global health and infectious disease specialists said on Monday. "Twenty years have passed since its discovery, but the world is still not adequately equipped to tackle the global health threat posed by the Nipah virus," said the source.

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