SBI lowers select deposit, lending rates

MUMBAI: State Bank of India has cut rates on select deposits and reduced lending benchmarks. The move follows the 25 bps reduction in policy rate. The revised rates come into effect from Dec 15. The bank has cut the rate on its 444-day deposit from 6.6% to 6.5%.SBI has cut rates on select deposits and…

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Haryana ties up with World Bank to cut pollution

In what officials are calling Haryana’s most ambitious environmental push yet, the state has collaborated with World Bank and created the ‘Haryana Clean Air Project for Sustainable Development’ with a corpus of Rs 3,600 crore to ‘significantly improve’ air quality over the next five years.The proposal includes sweeping interventions, ranging from farm-level enforcement to industrial…

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‘Trillions rolling in’: Why Trump’s massive tariffs haven’t resolved American woes — Inside the windchill economy

US President Donald Trump has often pointed to rising government revenues and sweeping investment pledges as proof that his economic strategy is working. However, many Americans, struggling with rising bills, have failed to see this growth materialising.Critics have also argued that the president is talking past households dealing with day-to-day affordability pressures. The disconnect is…

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Brookfield bets $1 billion for GCC in Mumbai

MUMBAI: New York-based alternative asset manager Brookfield is lining up investments worth over $1 billion (around Rs 9,000 crore) to set up a global capability centre (GCC) in Mumbai, raising its bets on India. The GCC, which will be Asia’s largest, is being developed through an agreement between Mumbai Metropolitan Region Development Authority (MMRDA) and…

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Ranking system has improved redressal, says finance ministry

NEW DELHI: Finance ministry’s initiative to improve grievance redressal, which began in June this year has significantly improved performance of public and private sector entities, the ministry said on Friday.It had put in place a ranking system for banks and public sector insurance companies based on quality and timely resolution of complaints. Ranking of private…

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