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LIC Housing eyes to disburse Rs 55,000 crore in FY 19-20

LIC Housing eyes to disburse Rs 55,000 crore in FY 19-20

Finance
CHENNAI: LIC Housing Finance Ltd has set a target of disbursing Rs 55,000 crore worth loans during the current financial year, a top official said on Saturday. LIC Housing Finance Ltd., Managing Director and CEO Siddhartha Mohanty said the company disbursed Rs 48,000 crore worth loans during the last financial year. "We propose to achieve a target of Rs 55,000 crore disbursement. Last year it was Rs 48,000 crore..," he told reporters at the sidelines of the 22nd edition of two-day Mega Property Fair 'Ungal Illam'. To a query, he said the company till date has managed to disburse Rs 26,000 crore worth loans. On the company's financials, he said they were looking at bringing the Gross NPA below the level it stood last year. "Currently, it is at 2.38 per cent. We are very much careful an...
Berlin Wall VR: ‘I was looking into my grandma’s eyes’

Berlin Wall VR: ‘I was looking into my grandma’s eyes’

Technology
Descendants of those who experienced the rise and fall of the Berlin Wall have been given the chance to step inside photographs and be transported back to virtual recreations of their families’ stories.The virtual reality project used hundreds of photos to reconstruct 3D models.The Berlin Wall divided the German city from 1961 to 1989.BBC Click finds out more.See more at Click's website and @BBCClickLet's block ads! (Why?) BBC News - Technology
Europe eyes improved ‘space weather’ resilience

Europe eyes improved ‘space weather’ resilience

Science
This artist's concept is of a new weather satellite - but not the type of spacecraft that warns us of coming winds and rain.It's a mission that would monitor the Sun for the type of energetic outbursts that can interfere with everyday activities on Earth.These powerful eruptions of particles and magnetic fields can degrade communications and even knock over power grids.The Lagrange satellite would see this "space weather" as it develops, alerting us to the impending disruption.The pictured concept has been produced by the UK arm of European aerospace company Airbus, which has just finished its initial assessment of how to construct the mission. Airbus is one of four groups that were asked to work through ideas by the European Spa...
Bank of England rate-setter eyes cut on ‘slow puncture’ Brexit

Bank of England rate-setter eyes cut on ‘slow puncture’ Brexit

Business
The Bank of England may need to cut interest rates if a "slow puncture" effect on the economy from Brexit uncertainty persists.The view was expressed by one of the Bank's rate-setters, Michael Saunders, just a week after the monetary policy committee (MPC) itself gave no indication following its latest meeting that borrowing costs could soon be cut. The pound fell sharply on the back of the remarks.He pointed to a marked slowdown in the economy on the back of Brexit jitters and the effects of the US-China trade war, a conflict that has hurt demand globally. Image: Michael Saunders joined the MPC in August 2016. Pic: BoE He told a business event in Barnsley: "The economy could follow very different paths depending on Brexit development...