Palamau (Jharkhand), In an obvious attack on the Congress, Prime Minister Narendra Modi on Saturday said that he preferred to complete the pending irrigation projects to empower farmers instead of waiving their loans. Modi told a public rally in Palamau, about 160 km from Ranchi, that when he took power[Read More…]
Tag: Loans
RBI hikes repo rate making home loan woeful
Reserve Bank of India (RBI) raised the repo rate that is directly going to affect the home loan costs. The RBI announces this during its bi-monthly monetary policy review. This makes the present repo rate of India to be 6.50 per cent. The Central Bank of India has lifted the[Read More…]
All farmer loans can’t be waived off: Maharashtra CM
After Maharashtra farmers took to the streets, seeking relief from the debts, chief minister Devendra Fadnavis hit out at the Opposition, saying it was fanning the issue for political advantages. The CM did acknowledge the farmers’ loan waiver demand, but said the state can only manage to waive of some[Read More…]
Vijay Mallya offers one-time settlement to banks
Business tycoon Vijay Mallya, on Friday took to Twitter saying he is ready to negotiate with banks to pay a one-time settlement charge on Rs 9,000-crore loan default. “Public-sector banks have policies for one-time settlements. Hundreds of borrowers have settled. Why should this be denied to us?” he tweeted. Public[Read More…]
Noose tightens around Mallya as ED attaches ₹6,630cr worth properties
The Enforcement Directorate (ED) on Saturday attached ₹6,630 crore worth properties belonging to loans defaulter Vijay Mallya, Times Now reported. The properties include a mall, a farmhouse and several stocks Mallya owns. The properties attached by the ED are located around the country, including in Mumbai and Bengaluru. Mallya, who[Read More…]