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- Loans will become cheaper, the price of domestic veg thali decreased by 5.76%
New Delhi49 minutes ago
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Yesterday’s big news was related to repo rate and domestic plate. Reserve Bank of India (RBI) has cut the repo rate of loan given to banks by 0.50%. Now the repo rate is 5.50%. This will give banks loans at low interest from RBI.
At the same time, the price of domestic vegetarian plate has come down by 5.76% to Rs 26.20 in May (on an annual basis). In May-2024 last year, the price of Veg Thali was Rs 27.80. Capital Market Company Crisil gave this information in its food plate cost’s monthly indicator.
Today’s headlines before tomorrow’s big news, which will be seen …
- The stock market will remain closed today.
- There has been no change in the price of petrol and diesel.
Now read the big news of tomorrow …
1. Loan will be cheap, RBI reduced interest rate by 0.50%: In 20 years, a benefit of about ₹ 1.48 lakh on a loan of 20 lakhs; Understand complete mathematics
Reserve Bank of India (RBI) has cut the repo rate of loan given to banks by 0.50%. Now the repo rate is 5.50%. This will give banks loans at low interest from RBI.
If banks transfer this deduction in interest to their customers, then loans may be cheap in the coming days. When the loan is cheap, the existing EMI of the people will also be reduced.
The decision to cut the interest rates was taken in the meeting of the Monkey Policy Committee from June 4 to 6. RBI Governor Sanjay Malhotra gave information about this on the morning of 6 June.
Click here to read the full news …
2. The domestic veg plate became 5.76% cheaper in May: Potato, onion and tomato prices have also been affected, non-veg plate also became 6% cheaper
The price of a domestic vegetarian plate in India has come down by 5.76% to Rs 26.20 in May (on an annual basis). In May-2024 last year, the price of Veg Thali was Rs 27.80. Capital Market Company Crisil gave this information in its food plate cost’s monthly indicator.
Crisil reported in its rice bread rate (RRR) report that the price of vegetarian plate declined in May in May compared to April. The Veg plate was priced at Rs 26.30 in April.
Click here to read the full news …
3. Silver reached all time high: ₹ 610 increased to ₹ 105285 kg, gold prices fell ₹ 1018 to ₹ 97145
Silver prices reached all time high on Friday (June 6). According to the India Bullion and Jewelers Association (IBJA), the price of 1 kg silver has increased by ₹ 610 to ₹ 1,05,285 per kg. Earlier, silver was ₹ 1,04,675 per kg.
However, the price of gold declined today. The price of 10 grams 24 carat gold has come down to ₹ 1,018 to ₹ 97,145. Earlier, the price of gold was ₹ 98,163 per 10 grams. Gold made ₹ 99,100 all time high on 21 April.
Click here to read the full news …
4. China stopped the supply of precious, swift production stopped: Brands like BMW-Mercedes also affected, Indian team will go to China next week
The direct impact of the ban on export of precious metals (rare economy) from China has started appearing on the world’s auto industry. Maruti Suzuki’s parent company Suzuki Motor Corporation has to stop production of its popular model Swift in Japan.
At the same time, some auto companies in Europe have stopped production. This includes companies like Ford, Nissan, BMW and Mercedes. China’s ban will also affect the Indian automobile sector. So next week an Indian contingent will go to China.
Click here to read the full news …
5. Musk’s company approval for telecom ministry: High speed satellite internet in India will give Starlink, ₹ 840 unlimited data throughout the month
Ellon Musk’s company SpaceX has got the license of the Telecom Department to operate Starlink Satellite Internet Service in India.
Now he is only waiting for the Indian National Space Promotion and Authorization Center i.e., in-space. Reuters have given this information quoting sources.
Starlink is the third company that has got a license to operate satellite internet service in India. Earlier, OneWeb and Reliance Jio were approved.
Click here to read the full news …
6. Mallya said- I was going to tell Jaitley: I am not a fugitive, calling me a thief; Banks recovered 14000 crores instead of 6200 crores
On 2 March 2016, he was going to London for a FIA meeting in Geneva. I told the then Finance Minister Arun Jaitley that I am going. But I got stuck in London due to the cancellation of the passport. I am not a fugitive, it was not an escape plan. It is wrong to call me a thief.
This is to say that businessman Vijay Mallya, who is surrounded in a bank loan fraud case of Rs 6,200 crore. However, along with interest and other fees, this amount is around 9000 crores. Apart from this, a case of loan default of Rs 900 crore has also been registered from IDBI Bank.
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Now read the news of your need …
Now you will get more loans on gold: Banks will give loans up to ₹ 85,000 on gold worth 1 lakh; RBI changed rules
The Reserve Bank of India (RBI) has made a major change in the rules of gold loan. The Reserve Bank has increased the loan-to-value (LTV) ratio on gold loans up to Rs 2.5 lakh from 75% to 85%. That is, now a loan of Rs 85,000 will be available on a gold value of Rs 1 lakh, earlier this limit was Rs 75,000.
Credit appraisal on small gold loan up to Rs 2.5 lakh will not be required, that is, paperwork will be reduced and the loan will be available quickly. This will make it easier for people living in small borrowers, especially for people living in rural and small town areas.
At the same time, this LTV will be 80% on gold loans ranging from 2.5 to 5 lakh rupees. LTV has been kept at 75% on a loan of more than Rs 5 lakh. Credit appraisal will have to be taken on loans of more than 2.5 lakh rupees.
Click here to read the full news …
Tomorrow, see who should be the top-10 richest in the world…
Know the condition of tomorrow’s stock market and gold and silver …
Know the latest price of petrol-diesel and domestic gas cylinders …
