Tag Archives: cut

SKS Microfinance Turns Heat on Rivals, Raises Ticket Size to 50K, Interest Rate Down at 19.75%

SKS Microfinance has announced cuts in its interest rates for the fourth time in a year bringing the interest rates on its micro-credit to 19.75%, the lowest in the industry, despite the fact that it was denied the Small Finance Bank status from the RBi. Interest rate of 19.75% is the lowest rate charged by any private sector MFI in ...

Read More »

AICTE Planning to Cut Engineering Seats by 6 Lakhs

All India Council of Technical Education (AICTE) which regulates the technical education in the country said it may cut down engineering seats by 6 lakhs from the current 16.7 lakh. Attributing the move to fall in quality education across the country, Anil Sahasrabudhe, AICTE’s chairman told Mint, “We would like to bring it down to between 10 lakh and 11 ...

Read More »

‘Uttama Villain’ cut to size before release?

According to an industry source, Kamal Haasan-starrer Tamil drama “Uttama Villain” has been briefly trimmed a day before its theatrical release. “The original running time was 172 minutes. The makers have trimmed it by a few minutes as they felt the movie is too lengthy,” a source told IANS. The source added that the trimmed version is likely to be ...

Read More »

Petrol, Diesel Prices Cut by Rs.2.42, 2.25 respectively, inflation to ease if Govt blinks

Conforming to the international crude oil prices declining further to below $50 per barrel, the three state-run oil marketing companies (OMCs) on Tuesday decided to reduce petrol and diesel prices further in the country with effect from midnight, February 3. The petrol price in Delhi will be cut by Rs.2.42 per litre, while diesel cost will come down by Rs.2.25 ...

Read More »

Cut in passenger fares unlikely in rail budget next month: minister

Reduction in passenger fares is unlikely in the ensuing railway budget for 2015-16 despite sharp fall in diesel price, Railway Minister Suresh Prabhu hinted on Thursday. “We recover only 50 percent of the passenger cost from the fares, in which there is already a huge element of subsidy, benefitting them (passengers),” Prabhu told reporters on the margins of a railway ...

Read More »

Narendra Modi Pitches for Paradigm Shift in Climate Change Debate

New Delhi, Jan 19:┬áPrime Minister Narendra Modi sought greater focus on generating and conserving clean energy as opposed to staying focused on cutting down carbon emissions alone. Chairing the first meeting of a reconstituted high-level climate panel, attended by union ministers Sushma Swaraj, Arun Jaitley, Venkaiah Naidu, Uma Bharti and Prakash Javadekar among others, Modi asked for “a paradigm shift ...

Read More »

Another toast to coffee by researchers; say daily cup cuts Alzheimer’s by 20%

In another toast to coffee consumption amid caffeine-related side effect, researchers in London have found that drinking up to five cups of coffee per day may help curb Alzheimer’s risk by 20 percent. Caffeine in coffee helps prevent the formation of amyloid plaques and neurofibrulary tangles in the brain – two hallmarks of Alzheimer’s, the findings showed. “The findings suggest ...

Read More »

Further Cut in Petrol, Diesel Prices Likely as Saudi Arabia Reduces Brent Sold to US

Nearly $2 cut in international crude rate on Tuesday may prompt the Indian oil companies to heed the market voice and reduce petrol and diesel prices further from the last week’s Rs.2 cut. The statement is expected anytime tomorrow. Recently, the oil rates are witnessing multiple reductions, especially in petrol rates and the deregulation of diesel prices last month too ...

Read More »