2. Loans set to pinch more as RBI hikes repo rate 25 bps LOANS for corporates and individuals are set to be costlier soon while deposits may yield higher returns as the Reserve Bank of India, or RBI, raised interest rates higher than expected to tame inflation. The central bank raised the repo rate—the rate at which it lends to banks—by 25 basis points to 6%, and the reverse repo rate—at which it absorbs funds from banks—by 50 basis points to 5%, prompting lenders to review the rates they charge both retail and corporate customers.
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6. The company already has an MoU in place with the state government for setting up thermal power capacity of 2,430 Mw.
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9. Egypt is a good option because it has an old and great education system, along with a good English, French and Arabic speaking population.
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11. Our main idea of the joint venture is to bring in the technology which has been patented by Posco. Steel minister Virbhadra Singh flanked by SAIL chairman C S Verma (left) and Coal India chairman Partha Bhattacharyya (right) during a national seminar in Kolkata on Saturday.
