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A reduction in MCLR helps all new borrowers get the benefit of lower interest rates for all kinds of loans. (Representational image)

Auto, home loans set to be cheaper

State-owned lender Union Bank had last week reduced its one-year MCLR by 65 basis points or 0.65 per cent to 8.65 per...

2 Jan 2017 5:07 AM IST

People queue up outside an ATM in Wadala on Sunday, but most could only withdraw Rs 4,000.

Mumbai: Lack of Rs 500 notes irks ATM customers

The withdrawal limit from banks is Rs 24,000 a week at present.

2 Jan 2017 2:51 AM IST

The victory margin for the BJP in Shahdol LS byelections has narrowed down considerably to around 60,000 as compared to 2.41 lakh in the 2014 elections in the seat.

All eyes on civic body polls to check impact of note ban on BJP

The polls are also important for the Shiv Sena, which has been ruling the civic body for 20 years.

2 Jan 2017 2:15 AM IST

Prime Minister Narendra Modi gestures as he addresses the nation on the eve of New Year, in New Delhi. (Photo: PTI)

PM's speech raises more questions than it answers

The PM has sought to re-package this as a gift for loans for low-cost housing.

2 Jan 2017 12:40 AM IST

A ban on gold imports would also lead to large-scale unemployment as this sector has a huge workforce, with most of them on contract.

2017: Not a good year for gold

There is a symbiotic relationship between gold and dollar, as gold acts as a safe haven when the dollar is down.

2 Jan 2017 12:40 AM IST

Reserve Bank fo India

Can't give info if FM, CEA consulted before notes ban: RBI

The query was also sent to the PMO and Finance Ministry but it remained unanswered even after 30 days of filing RTI.

1 Jan 2017 3:33 PM IST

People watching live telecaste of Prime Minister Narendra Modis speech Mumbai. (Photo: PTI)

From 'Mitron' to 'Saathiyon': Twitter wonders why Modi changed his...

The prime minister's go-to salutation was mysteriously missing in his speech on New Year and Twitter went crazy.

1 Jan 2017 2:10 PM IST

Union information and broadcasting minister M. Venkaiah Naidu (Photo: PTI)

Demonetisation was a behavioural modification project: Naidu

Naidu also referred to various initiatives of the government such Mudra Yojana, 'Beti Bachao Beti Padhao' schemes.

1 Jan 2017 1:25 PM IST

Prime Minister Narendra Modi (Photo: PTI)

Cong says Modi 'merchant of false promises', his speech lacklustre

Congress spokesperson Randeep Surjewala alleged the Prime Minister totally failed to show any sensitivity to people's...

1 Jan 2017 8:40 AM IST

Astrologers may differ in their predictions for the coming year but most predict that the existing political formations will remain undisturbed.

360 degree: 2017-future tense

On a more cheerful note, the 2017 south-west monsoon will be normal and there will be sufficient rainfall across the...

1 Jan 2017 7:22 AM IST

Congress Vice-President, Rahul Gandhi (Photo: PTI)

Rahul on New Year leave as Congress kicks off stir on note ban

The Congress vice president is a staunch critic of the government's decision to demonetise the high-value notes.

1 Jan 2017 3:30 AM IST

Prime Minister Narendra Modi (Photo: PTI)

Opposition: PM let down, skipped key issues

Manish Tewari had asked the Prime Minister about the economic impact of this move and details about the number of jobs...

1 Jan 2017 2:29 AM IST