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Oct52019 by adminNo Comments
New home loan takers to gain instantly from RBI cut

New home loan takers to gain instantly from RBI cut

Finance
NEW DELHI: New home loan borrowers are set to immediately gain from the latest round of rate reduction by RBI but existing borrowers can get the benefit of repo-linked rates by paying legal and administrative charges, which has been waived by certain banks but others are charging as much as Rs 10,000. On an average, home loan rates are likely to fall by 25 basis points for new borrowers, and the gain can be higher for those who have not migrated so far from marginal cost of lending (MCLR) -linked loans to those linked to RBI's repo rate and doing so now. To take the benefit of the new system, existing borrowers, whose interest rates are pegged to the bank's MCLR, will have to migrate to the new system. For this, banks are charging legal and administrative charges, which varies from nil to...
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Aug92019 by adminNo Comments
Climate change: Marine heatwaves kill coral instantly

Climate change: Marine heatwaves kill coral instantly

Science
Increasingly frequent marine heatwaves can lead to the almost instant death of corals, scientists working on the Great Barrier Reef have found. These episodes of unusually high water temperatures are - like heatwaves on land - associated with climate change. Scientists studying coral after a heat event discovered that extreme temperature rises decayed reefs much more rapidly than previously thought.They published their findings in the journal Current Biology.The study revealed that corals became up to 15% weaker after an extreme heat event, causing some fragments to actually break off from the reef. Dr Tracy Ainsworth, from the University of New South Wales in Australia...
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