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The bank also said that the reduction in three-month MCLR is in line with its External Benchmark-based Lending Rate.

The public lender said it is reducing Marginal Cost-based Lending Rate (MCLR) by 5-10 basis points to 6.65 per cent for short-term loans from July 10.  SBI said that the reduction in three-month MCLR is in line with its External Benchmark-based Lending Rate. (Photo:...

Homebuyers in Noida, Ghaziabad irked over delay in projects, builders worried

Most homebuyers are angry with delay in completion of projects and builders are worried. They claim that they have less than 50 per cent labours working at sites and that is leading to a delay.  The slump in construction work is leading to delay in possession of...

Unemployment rate recovery slows down, still quite high at 11%: CMIE

The unemployment rate in the country continues to remain high despite the sharp rebound in labour participation rate, said Mumbai-based think tank Centre for Monitoring Indian Economy (CMIE).CMIE said the unemployment rate fell “very sharply” from 23.5 per cent in May...

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