What RBI's rate cut means for home loan borrowers

THE ECONOMIC TIMES Sat, Oct 08, 2016 | 02:05 PM IST Weekly News Platter

RBI cuts repo rate. How much will you save on home loan? The actual impact for MCLR home loan borrowers may still be some months away. Pre-April 1 borrowers too will see an impact, but with some time lag. readmore Automation threatens 69% jobs in India, says World Bank Research based on World Bank data has predicted that the proportion of jobs threatened in India by automation is 69 per cent, in China it is 77 per cent and in Ethiopia. Disgruntled call centre employee exposes India's biggest tele fraud Thane police busted the racket run by fake call centres, who may have robbed US citizens of Rs 500 crore in the last one year.

Editor's Pick Ready to go to war with India: Former Pakistani cricketer Javed Miandad In a one-on-one to Pakistani TV channel, Miandad said, "We are ready for martyrdom. Our nation cannot be cowed down by hollow threats." Snapdeal slips against its two main rivals, Flipkart & Amazon. Can it get its mojo back? Only a year ago, Kunal Bahl boasted that Snapdeal will overtake Flipkart in sales. It has since slipped against its two main rivals. What went wrong? Cognizant probes payments row, seeks to ascertain if certain payments violated US law Cognizant said the internal investigation is in its early stages and that it is not able to predict what action may be taken by the DOJ, or the SEC. Withdrawing EPF? You don't need your employer's signature anymore This facility will be available to all those subscribers whose UAN is activated and seeded with the KYC details like bank account and Aadhaar number.

Most Popular This Week This top BJP ideologue predicted 56 years back that Pakistan would plan Uri Black money haul: Rs 65,250 crore disclosed through Income Declaration Scheme View: Dr Urjit Patel is no 'chamcha' and rate cuts may well trigger a growth boom

Story of The Week Chudgars of Intas: A family that dreams big together Trumping bigger rivals Aurobindo, Intas shot into the limelight on Wednesday, scooping up Teva's assets in the UK and Ireland in a $764 million deal. read more

Money Buying a car? Here's how to get the best deal and the real cost of ownership If you plan to purchase a car this festive season, pick the one that suits your budget and requirements from our listing of the top contenders. Are balanced mutual funds a better investment than large-cap MFs? Find out Despite a seemingly better risk-reward profile, balanced funds with return potential of equity and safety of debt are not a substitute for large-caps.

Stock Round Up IPOs worth Rs 1,000 crore since April 2015: How debutants on D-Street have performed ET tracks the performance of companies that have raised over Rs 1,000 crore in IPOs, post listing since April 2015.

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