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Transmission of rate cuts improving; expected to improve further: RBI Governor Shaktikanta Das

Transmission of rate cuts improving; expected to improve further: RBI Governor Shaktikanta Das

Finance
A customary post-budget meeting of Central Board of Directors' Reserve Bank of India (RBI) was held in Delhi on Saturday. The meeting was attended by Finance Minister Nirmala Sitharaman, RBI Governor Shaktikanta Das, MoS Finance Anurag Thakur, and others. "We have given a growth projection of six per cent for the next year, in line with the projections from the Finance Ministry," RBI Governor Shaktikanta Das said, post the meeting. Talking of the rate cuts announced last year, the RBI Governer said transmission of rate cuts is improving steadily. "The transmission of rate cuts has improved to 69 basis points, and we expect the transmission of rate cuts to improve further," Das said. Addressing the AGR dues ruling the Supreme Court had passed on Friday, Das said that the ruling will be disc...
Karvy case: SAT suspends further transfer of clients’ securities

Karvy case: SAT suspends further transfer of clients’ securities

Finance
New Delhi: The Securities Appellate Tribunal (SAT) on Tuesday suspended further transfer of investors securities that Karvy Stock Broking had pledged with lenders. The move comes a day after the market regulator Sebi's directive to NSDL to transfer the investors' securities, held by Karvy Stock Broking (KSBL), in their respective accounts. The decision resulted in nearly 83,000 investors getting back their securities that were illegally transferred by the broker to its own account and were even pledged without any authorisation. With this transfer by National Securities Depository Ltd (NSDL), nearly 90 per cent investors received their securities. Karvy has taken loans to the tune of Rs 600 crore by pledging securities worth more than Rs 2,300 crore of 95,000 clients with lenders, includin...
Gareth Southgate says England ‘further ahead’ than after last qualification campaign

Gareth Southgate says England ‘further ahead’ than after last qualification campaign

Sports
Media playback is not supported on this device Gareth Southgate says his England side are "further ahead" than they were at the corresponding stage of qualifying for the 2018 World Cup.Southgate's side finished fourth at the finals in Russia and go to Euro 2020 next summer as one of the top seeds. "I think the team have belief, for sure, you can see the confidence," Southgate said. "They have got the confidence to control games with possession, and they know they're going to score goals." England at Euro 2020: What do we know about their prospects?England's mixed bag ...
Schools closed in New Delhi as air quality dips further

Schools closed in New Delhi as air quality dips further

Health
Schools in India’s capital have been shut for Thursday and Friday after air quality plunged to a severe category for the third consecutive day, enveloping New Delhi in a thick gray haze of noxious air.By SHEIKH SAALIQ Associated PressNovember 14, 2019, 10:03 AM3 min read Schools in India’s capital are shut Thursday and Friday after a thick gray haze of noxious air enveloped the city for the third consecutive day, and angry residents blamed authorities for allowing an annual children’s run. Buildings and monuments were largely obscured by smog and an official health advisory asked people to avoid all physical activity outdoors. The air quality index exceeded 460, nine times the level recommended by the WHO, according to the state-run Central Pollution Control Board. In some places, the inde...
IMF’s Lagarde says further Brexit delay will ‘hinder’ UK growth

IMF’s Lagarde says further Brexit delay will ‘hinder’ UK growth

Business
Media playback is unsupported on your device Further uncertainty over Brexit will hinder growth in the UK economy, the head of IMF has told the BBC. Speaking ahead of the agreement of an extension to Article 50, Christine Lagarde warned that businesses and investors will remain hesitant in the coming months. She said any prolonged uncertainty would have a "negative impact".Ms Lagarde, a former French finance minister, said she hoped a deal could be struck quickly. Speaking at the World Bank and IMF Spring Meetings in Washington, Ms Lagarde said: "If there was a prolonged uncertainty, we can suspect that the impact on confidence would continue because, you know, whether you're talking about investors, whether you're talking about decisions as t...