SBI cuts interest rates for savings accounts by 0.5% to 3.5% effective today

New Delhi: India’s largest lender SBI on Monday announced a 0.5 percent (50 basis points) cut in interest rates for savings bank deposits, effective immediately.

According to the new structure, for saving deposits balance up to Rs 1 crore, SBI will offer a rate of 3.5 percent as compared to 4 percent earlier, the bank said.

"The decline in rate of inflation and high real interest rates are the primary considerations warranting a revision," SBI said.

The revision would enable the bank to maintain its Marginal Cost of funds-based Lending Rate (MCLR) at existing rates, the lender added.

The bank`s overnight MCLR rate, effective July 1, currently stands at 7.75 percent.

Shares of the bank spiked after the announcement, climbing as much as 4.75 percent.

State Bank of India had earlier cut its term deposit rates by up to 50 basis points for various maturities.

Source:-Zeenews

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अमेरिका ने किया लंबी दूरी की मिसाइल का टेस्ट, न्यूक्लियर वेपन्स ले जाने में सक्षम

वॉशिंगटन.अमेरिकी एयरफोर्स ने गुरुवार को लंबी दूरी की एक मिसाइल का सफल टेस्ट किया। यह न्यूक्लियर वेपन्स ले जाने में सक्षम है। दुनिया के कई हिस्सों में चल रहे सिविल वॉर और कोरियाई धमकी के मद्देनजर इसे महत्वपूर्ण कदम माना जा रहा है।

कैलिफोर्निया के वेंडनबर्ग एयरफोर्स बेस से इस मिसाइल ने करीब 4,200 मील का रास्ता तय किया। यह प्रशांत महासागर स्थित मार्शल द्वीप समूह तक पहुंची। अमेरिकी वायुसेना के एक बयान के मुताबिक ‘यह हमारे देश की परमाणु क्षमता का अहम प्रदर्शन है। यह अमेरिका के पास जमीन से मार करने वाली एकमात्र परमाणु मिसाइल है।

Source:-Bhaskar

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Rains lash Telangana, Andhra Pradesh; normal life hit in Hyderabad

Hyderabad/Vijayawada: Incessant rains for the second consecutive day on Tuesday affected normal life in Hyderabad and some towns in Telangana and neighbouring Andhra Pradesh.

Some low-lying areas in Hyderabad were inundated while roads were flooded, causing traffic jams.

Heavy rains also threw normal life out of gear in Vijayawada. Low-lying areas were inundated, causing hardships to people. The downpour led to traffic jams in several busy areas in and around the city, including the road which connects Vijayawada to Amaravati, the upcoming state capital of Andhra Pradesh.

For the second time this season, rain water entered Andhra Pradesh Secretariat at Velagapudi in Amaravati. The Secretariat building was leaking at a few points and affected offices.

Municipal Administration Minister P. Narayana, however, claimed that there are no defects in the SEcretariat`s construction.

Meanwhile, the India Meteorological Department (IMD) has warned that heavy rain at a few places and very heavy rain to extremely heavy rain at isolated places is "very likely to occur" in all the districts of coastal Andhra Pradesh over the next two days.

Heavy to very heavy rains at isolated places in all districts of Telangana also are very likely during the period, the IMD said.

Source:-Zeenews

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सातवें वेतनमान को देंगे सीएम के दर पर दस्तक

देहरादून, [राज्य ब्यूरो]: राज्य के सार्वजनिक निगमों-उपक्रमों, परिषदों व स्वायत्तशासी संस्थाओं के कार्मिक सातवें वेतनमान को लेकर भले ही आंदोलनरत हों, लेकिन खुद ये संस्थान और इनके प्रशासकीय विभाग सातवें वेतन का प्रस्ताव देने में बेहद सुस्त हैं। अभी तक महज पांच निगमों और कुछ जिला पंचायत परिषद के ही प्रस्ताव शासन को मिले हैं। अधिकतर के प्रस्ताव शासन को नहीं मिलने की वजह से उच्चाधिकार प्राप्त समिति सातवें वेतनमान के प्रस्तावों पर प्रस्तुतिकरण के लिए सोमवार और मंगलवार का ही कार्यक्रम तय कर पाई है। वहीं यह तकरीबन तय माना जा रहा है कि निगमों, निकायों, परिषदों व अन्य संस्थाओं की माली हालत देखते हुए इनमें सातवां वेतनमान लागू करने के बारे में गेंद आखिर में सरकार के पाले में ही जाने वाली है। तमाम महकमों की ओर इस संबंध में मुख्यमंत्री के दर पर दस्तक देने की तैयारी है। 

सातवें वेतनमान को लेकर सार्वजनिक निगमों, उपक्रमों, परिषदों व स्वायत्तशासी संस्थाओं के संयुक्त महासंघ की ओर से आंदोलन का बिगुल फूंका जा चुका है। इसके बाद दबाव में आई सरकार ने इन तमाम संस्थाओं के नए वेतनमान के संबंध में प्रस्ताव सार्वजनिक उद्यम विभाग को सौंपने के निर्देश दिए हैं। बताया जा रहा है कि निगमों व अन्य संस्थाओं की ओर से जब सार्वजनिक उद्यम विभाग को प्रस्ताव दिए गए तो इस पर फिर आपत्ति जताते हुए संबंधित प्रशासकीय विभागों के माध्यम से प्रस्ताव देने के निर्देश दिए गए। प्रशासकीय विभागों को शासन की ओर से तय फॉर्मेट पर सूचनाएं देकर सातवें वेतनमान की पैरोकारी करना आसान नहीं है। 

मंत्रिमंडल में जाएगा मसला 

उधर, सूत्रों के मुताबिक निगमों, परिषदों व अन्य संस्थाओं में सातवां वेतनमान देने के संबंध में अंतिम निर्णय सरकार को करना है, इस बारे में मंत्रिमंडल फैसला लेगा। लिहाजा विभिन्न विभागों के प्रस्ताव मिलने के बाद इस संबंध में शासन की ओर से मुख्यमंत्री से मुलाकात कर उनके समक्ष वस्तुस्थिति रखी जाएगी। 

Source:-Jagran

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Indian banks face $37 billion hit from top 50 stressed assets: CRISIL

Mumbai: Indian banks may have to write off 60 percent of the value of bad loans from their 50 large stressed asset accounts, or a hit of 2.4 trillion rupees ($37.31 billion), ratings agency CRISIL said on Wednesday.

The 50 stressed companies, which account for 4 trillion rupees in soured loans, are largely from the metals, construction and power industries and account for nearly half of the total non-performing assets in the banking sector as of the end of March, CRISIL said.

Banks had total non-performing loans of about 7.29 trillion rupees, or 5 percent of India`s gross domestic product, as of end-March.

The report comes after rival India Ratings and Research had estimated banks taking 12 of the country`s largest defaulters to bankruptcy court would need to make additional provisioning of at least 180 billion rupees.

Source:-Zeenews

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Triple Talaq casualty debilitates to submit suicide, requests to PM Narendra Modi, Supreme Court for equity

Dehradun: A triple talaq casualty from Uttarakhand has debilitated to submit suicide if the framework neglects to guarantee her equity.

A five-judge Constitution seat headed by Chief Justice JS Khehar on Thursday finished up its listening ability on a grasp of supplications testing the sacred legitimacy of triple talaq among Muslims in the wake of hearing gatherings including the Center, the All India Muslim Personal Law Board, the All India Muslim Women Personal Law Board and different others for six days in summer get-away.

The court observed rehashed entries of the AIMPLB and previous Union clergyman and senior attorney Salman Khurshid, who is helping it in individual limit, that triple talaq is not specified in sacred Quran and is fairly "corrupt", "sporadic", "patriarchal", "awful in religious philosophy" and "undesirable", however the court ought not look at it.

A few Muslim ladies, who have asserted to be a casualty of the "patriarchal" practice, have spoke to PM Modi to dispose of the separation framework winning in the group.

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US-MCCAIN-TRUMP

Washington: Scandals inside the Trump organization are coming to the "size and scale" of Watergate, conspicuous Republican pioneer John McCain, a staunch faultfinder of US President Donald Trump, has said.

"I think we've seen this motion picture some time recently. I think it shows up at a point where it's of Watergate size and scale. The shoes kept on dropping, and in each couple of days there's another angle," Senator McCain, Chairman of the effective Senate Armed Services Committee told a crowd of people at a Republican occasion yesterday."Less dramatization from the flip side of Pennsylvania would be something to be thankful for," Senator John Thune told columnists.

"Would we be able to have an emergency free day?" asked Senator Susan Collins, another Republican Senator.

"I think we could do with somewhat less show from the White House on a considerable measure of things so we can concentrate on our plan, which is deregulations, impose reorganizations and revoking and supplanting Obama Care," Senate Majority Leader Mitch McConnell told Bloomberg.

Watergate was a noteworthy political outrage that happened in the US in the 1970s, which finished in abdication of the then president Richard Nixon.

Trump has been assailed with allegations over the previous week. A week ago, he unexpectedly let go previous FBI Director James Comey, which concerned some as a result of the office's examination concerning Russia and his battle.

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UK proposes clean-air zones, scrappage plot for dirtying autos

LONDON: Britain said on Friday it could acquaint a scrappage conspire with get the most dirtying autos and vans off its streets and charge a few drivers of old vehicles to enter parts of the nation, as it endeavors to enhance air quality.

Media had revealed priests were thinking about a scrappage plot that would surrender drivers to 2,000 pounds ($2,600) to exchange gas-swallowing models, however in Friday's meeting archive, authorities set various conditions for such an arrangement.

"Any plan would need to offer some incentive for cash, target bolster where it was most required, be deliverable at neighborhood specialist level and limit the extension for misrepresentation," the earth service said in a report discharged on Friday.

The interview is because of close on June 15, with results not expected until July 31.

The proposed measures will probably quicken the decay of diesel autos in Europe's second greatest market, rebuked for poor air quality in the wake of Volkswagen's outflows test deceiving embarrassment.

Interest for diesel autos fell 27 percent in April, contrasted and a 13 percent drop for petroleum, as indicated by industry information. 

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Donald Trump to report slate of preservationist government court chosen people

Washington: Capitalizing on a strangely high number of court opportunities, US President Donald Trump was on Monday set to reveal his initially real tranche of legal chosen people in an activity that will enable him to re-arrange the government legal.

Trump will name three different chosen people to the redrafting courts: Amy Coney Barrett to the seventh Circuit, John Bush to the Sixth Circuit and Kevin Newsom to the eleventh Circuit.

The President likewise plans to name four government District Court candidates: Dabney Friedrich in the District of Columbia, Terry Moorer in Alabama, David Nye in Idaho and Scott Palk in Oklahoma, and additionally Damien Schiff to the US Court of Federal Claims.

The rundown of legal chosen people was affirmed to Politico news by a Trump guide.

Moderate partners of the Trump organization say White House authorities have worked tenaciously since Trump`s initiation in January to sift through proposed candidates, vet them and set them up for designation.

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913 gold coins found in a piano in UK, pronounced a fortune

LONDON: An aggregate of 913 gold coins going back to the eighteenth century, the biggest accumulate of gold sovereigns in Britain, discovered covered up in an old piano, has been proclaimed fortune by a court.

Shrewsbury Coroner's Court chosen the find qualified as fortune, which implies possession now lies with the Crown. It will be offered available to be purchased to exhibition halls, the BBC announced.

The tuner who found the accumulate and Bishops Castle Community College, which claims the piano, will share a reward.

There are 913 gold sovereigns and half sovereigns dating from 1847 to 1915, from the rules of Queen Victoria, Edward VII and George V.

The gold coins have a face estimation of more than 770 pounds - the likeness about 500,000 pounds.

The gold coins were found under the console of the piano, painstakingly sewed into seven material bound bundles and a solitary cowhide drawstring tote, and add up to more than 6kg of gold bullion.  

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Indian-American Surgeon General Vivek Murthy expelled by Donald Trump admn

Washington: Vivek Murthy, the principal Indian-American named by the Obama administration as the Surgeon General, has been rejected by the Trump organization to convey new authority to the crucial general wellbeing division.

"Murthy, the pioneer of the US Public Health Service Commissioned Corps, was made a request to leave from his obligations as Surgeon General in the wake of aiding a smooth move into the new Trump organization," the US Department of Health and Human Services said in an announcement yesterday.

"Murthy has been assuaged of his obligations as Surgeon General and will keep on serving as an individual from the Commissioned Corps," the announcement said.

Murthy was affirmed as US Surgeon General in December 2014.

It was not promptly clear why Murthy was eased from obligation, the New York Times said while taking note of that workers at the Department of Health and Human Services secretly communicated astonish at his sudden takeoff.

Murthy, the nineteenth Surgeon General and the principal Indian American to hold this post said in a Facebook Post that it was a respect and benefit to work for this prestigious position. 

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