SBI decreases the Key lending rates: Home loans get cheaper
On Wednesday, the country's biggest asset lender SBI (State Bank of India), announced a decrease of 15 basis points across all tenors in its benchmark lending rates. One basis point is equivalent to 0.01%.
SBI said in a declaration that for the one-year interval, the marginal price of the fund-based loan rate, or the MCLR, will now be 8.25%, down from 8.40%, with impact from August 10, 2019. , SBI observed that this is the fourth successive rate reduction of SBI in the present financial year. With this MCLR cut, 35 basis points will be reduced in home credit rates since April 10.
The growth comes after the Monetary Policy Committee (MPC) of Reserve Bank of India provided its fourth reduction in repo rate in a row. The MPC reduced the repo rate which is the main interest rate at which it lends commercial banks short-term funds.
The decrease is the lowest in over nine years, by 35 basis points or 0.35 percentage point to 5.40 per cent. Bank of Maharashtra, Corporation Bank, Oriental Bank and IDBI Bank also reduced their MCLR rate from 0.05 to 0.10 per cent after the repo rate was cut by 0.25 per cent after reviewing of monetary policy in June.
Shri Das said that they are collecting the information and we must also bear in mind that the scheme had more than appropriate liquidity surplus as of June.
The next meeting of the Monetary Policy Committee will be held from August 5 to 9.
Beginning of May, Google started releasing popular google doodles every day. They’re bringing back fan-favorite doodles over the years. The series of throwback doodles is a boon for those fond of nostalgia. They also help to beat the quarantine blues.
With the onset of quarantine across the world, in the wake of the COVID-19 crisis, Google decided to re-release their most popular doodles. The search engine features a new game every day on its home page. COVID-19 continues on to affect communities around the world. Families and people stay inside their homes for public health. In light of the situation, Google is launching a throwback Doodle series. The series looks back at some of their most popular interactive doodle games.
Today’s interactive game is Lotería. It is a traditional Mexican card game, almost like bingo. It is a multiplayer experience. You can invite your friends or play with random opponents. Perlo Campos, the global marketing lead of Google Doodle, created the game in December 2019. Luisito Comunica, popular Mexican YouTuber, brings the game alive with his narration. 106 years ago, the game was first copyrighted in Mexico. The traditional game is still very popular today across Mexico and Latinx communities. The simple game bodes well as a language teaching tool on family game nights.
Google, the most widely used search engine in the world, releases fun and quirky doodles once in a while. Usually, they commemorate historic events or birthdays of notable figures. The doodles depict dates such as the holidays, father’s days, mother’s day, Valentine's day, and so on. By the early 2010s, Google released its first interactive and video doodles. The most notable game doodles over the decade were Pacman (2010), Doodle Fruit games in honor of the Summer Olympics (2016), and Magic Cat Academy for Halloween (2016). We can wait or the re-release of the next doodle tomorrow. Meanwhile, try your luck with Lotería!
Cricket is often considered as a religion in India. For every religion, there is a god. For the people of cricketing religion, Sachin Tendulkar is God. Such is the impact created by Sachin on the game and its fans. It has been seven years since Sachin retired from the game. But still, all fans have his memories fresh in their mind. They will remain etched in our minds forever. Sachin celebrates his 47th birthday today and whole social media couldn't stop wishing him. On this special occasion, let us have a look into his exemplary career.
Sachin took up cricket as a serious interest at the age of 11. He used to get trained under the coach Ramakant Achrekar. Within five years, Sachin managed to represent India at the international level. Sachin played his first test at the age of 16. He also made his ODI debut within a gap of one month. Soon, he turned out to be a young sensation at the global level. Slowly, Sachin raked up to each higher level and became the greatest cricketer of all-time. He retired in the year of 2013. He had a glorious international cricketing career of 24 years, more than any other player. He is also the only player to complete 30,000 runs (including Test and ODI) at an international level. Sachin played 200 tests and 463 ODIs in total. There will be an endless list if we start mentioning about his records. Some of them might get broken but no other player can beat all his records single-handedly.
Sachin got awarded India's highest civilian honor Bharat Ratna, in 2014. We wish him a very happy birthday and hope he has a glorious year ahead.
COVID- 19 virus spread, which began in Wuhan, China, now caught on to most parts of the world. The majority of governments blame the WHO for not imposing travel bans early on when Wuhan first reported the crisis. This is now a full-blown global pandemic, which has brought our economies to halt. Countries have no choice other than resorting to lockdown their citizens to their homes to stay safe and reduce further spread of the virus. Many countries shut their borders. The economies will face a major backlash if the spread isn’t curbed anytime soon.
cases reported all over the globe are on a rise, and we are losing this battle against the virus, by the looks of it. Circumstances are looking uncertain and this is creating anxiety everywhere. Although there is a good rate of recovery, the number of people contracting the virus is not reducing. Scientists are working vigorously in most nations trying to invent a cure/vaccine for COVID-19.
In this background, here’s a list of countries that have not reported even a single positive COVID- 19 case :
Lesotho and Comoros in Africa.
Kiribati in the Middle East.
Marshall Islands, Micronesia, Nauru and Samoa in Oceania.
There are various reports, studying the reason for this trend. This is essential for understanding how to secure our nations even more wisely. But many scholars believe that these are distant locations which haven’t attracted any tourism for long periods, and continue to do so. A few countries are being accused of not reporting the real situation. Few others seem to have no testing kits or facilities to handle the situation. Most of the above-mentioned countries contain low levels of the population. A few including Kiribati, Nauru, and Tonga, already declared a national emergency to avoid contracting the virus.
New Zealand is one such country that has completely recovered from the hit of COVID- 19. They have successfully contained the community spread of COVID- 19 and can now begin to ease their lockdown measures. Yemen, on the other hand, has reportedly only a single case.