Former India captain Sourav Ganguly on Wednesday revealed that the possible absence of Steve Smith and David Warner in the Australia team for the series against India would be a "huge factor" as it's like India not having Virat Kohli and Rohit Sharma in their ranks.
However, the Australian Cricketers Association (ACA) had made a submission to Cricket Australia at the start of the month to lift the ban on Australian captain Smith and vice-captain Warner.
But according to the reports they are not...
Australia fast bowler Mitchell Starc on Wednesday has been released by his Indian Premier League (IPL) franchise Kolkata Knight Riders (KKR) ahead of the upcoming season.
Starc, who missed the last edition due to a leg injury, was bought by KKR in the 2018 auction for Rs 9.4 crore.
Speaking to media Mitchell Starc said, "I got a text message two days ago from the owners of Kolkata saying I've been released from my contract, so at the moment I'll be home in April."
"I didn't go last year with...
The Indian Space Research Organisation (ISRO) on Wednesday launched the GSLV-MK-III D2 rocket carrying the GSAT-29 communication satellite from Satish Dhawan Space Centre in Sriharikota.
According to the ISRO website, the GSAT-29 is a communication satellite weighing 3423 kg. The spacecraft will be located at 55 °E longitude and designed for a mission life of 10 years.
????LIVE Now: Launch of GSLV Mk-III D2/ GSAT-29 Mission from Satish Dhawan Space Centre (SHAR), Sriharikota https://t.co/nIwBVLhaBx
The Indian National Congress (INC) on Wednesday announced two chief ministerial aspirants Sachin Pilot and Ashok Gehlot, who will contest the Rajasthan election on December 7. It was revealed in a joint press conference by the two Congress leaders.
Speaking to media Ashok Gehlot, a former chief minister in Delhi said, "Both, I and Sachin Pilot will fight the Rajasthan assembly elections."
While according media reports Sachin Pilot said, "On Congress president Rahul Gandhi's instruction and on Gehlotji's...
HBO finally revealed the release date for the final season of its hit television show, Game of Thrones on November 13.
The eight and the final season of the popular fantasy drama will premiere in April, almost two years after season seven.
The makers posted a video announcing the release of the show on their official Twitter. The video teases, “Every battle. Every betrayal. Every risk. Every fight. Every sacrifice. Every death. All #ForTheThrone.”
The video is a compilation of all the pivotal...
Australian fast bowler John Hastings on Wednesday has retired from all forms of cricket, after citing a bleeding lung condition while bowling.
The 33-year-old, whose last international was a one-day match against New Zealand in 2017, stopped playing last month and revealed that he was coughing up blood when bowling in domestic cricket.
Speaking to media Hastings said that doctors were unable to guarantee he would not have a fatal bleed when playing, forcing his retirement. "There was just a lot...
Home, Auto Loans EMIs To Come Down As RBI Cuts Rate By 0.50%
NEWS WORLD INDIA | 0
September 29 , 2015 , 11:10 IST
[caption id="attachment_99275" align="aligncenter" width="700"] RBI Governor Raghuram Rajan (File Image: AP)[/caption]
Home and corporate loans will cost less as the Reserve Bank on Tuesday lowered the key interest rate by 0.50 per cent - the biggest cut in over three years - to bolster the economy.
In its fourth bi-monthly monetary policy for the current fiscal, RBI cut benchmark repurchase (repo) rate from 7.25 per cent to 6.75 per cent, lowest in four-and-half-years.
RBI Governor Raghuram Rajan, who had faced growing pressure from the government as also industry to reduce one of Asia's highest borrowing costs, justified the bigger than expected reduction saying consumer inflation was likely to be at 5.8 per cent, below the 6 per cent target for January.
The focus should now shift to bringing inflation to around 5 per cent by March 2017, he said, adding that RBI will be vigilant for signs of monetary policy adjustments that are
needed to stick to the "deflationary path".
He also drew comfort from US Federal Reserve delaying the first hike in interest rates in nine years, which may have put emerging market currencies under pressure.
RBI lowered its economic growth forecast for the current fiscal to 7.4 per cent from its previous projection of 7.6 per cent.
"While the Reserve Bank's stance will continue to be accommodative, the focus of monetary action for the near term will shift to working with the government to ensure that impediments to banks passing on the bulk of the cumulative 125 basis points cut in the policy rate are removed," Rajan said.
The reduction comes on the back of interest rates being cut thrice earlier this year by 25 basis points each.
Within minutes of RBI policy announcement, Andhra Bank cut its benchmark lending rates by 0.25 per cent. The other banks are likely to follow suit.
In a bid to give boost to housing sector, the RBI proposed to reduce the risk weights on affordable housing applicable to lower value but well collateralised individual housing loans.
At present, the minimum risk weight applicable on individual housing loans is 50 per cent, it said.
RBI has kept the CRR intact at 4%.
RBI cuts FY16 real GDP growth estimate to 7.4%; expects pick up towards the latter part of the fiscal.
RBI says inflation is expected to reach 5.8% in January 2016.
Inflation to stay below January 2016 target of 6% in FY16; will average 5.5% for FY17.
RBI says limits for FPI investment in debt securities will be henceforth announced or fixed in rupee terms.
RBI to issue final guidelines on base rate computation by November-end.
Limit for FPI investment in govt bonds to be increased in phases to 5% of outstanding stock by March 2018: RBI.