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RBI increases repo rate by 50 bps to 4.90 per cent, know what impact it will have on your home loan EMIs

RBI governor Shaktikanta Das announced an increase in the repo rate by 50 basis points and this is likely to have direct impact on the pocket of EMI holders.

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Shaktikanta Das

In the Reserve Bank of India’s conclusion meeting of Monetary Policy, the RBI governor Shaktikanta Das announced an increase in the repo rate by 50 basis points. This increase is happening for the second time in five weeks. With this, now the RBI has increased the repo rate to 4.90 per cent.

As the repo rate has increased, will it have a direct impact on people who have EMIs? Yes, as the repo rate hike will make EMIs costlier. The increase in repo rate has a direct impact on interest rates on house loans, car loans, and personal loans.

What impact does the increase in repo rate have on EMI holders?

When the RBI’s policy rate increases due to this there is a higher cost of funds for banks. And, because of this, banks also raise interest rates and that directly impacts the pocket of the EMI holder and the monthly instalment also gets costlier because of this.

Read Also: Lucknow: Teenager killed mother over stopping him from playing mobile game, used air freshener for 2 days to hide foul smell

The RBI has been increasing the repo rate to tackle inflationary pressure. RBI governor Das also said that India’s recovery has also gained momentum and the withdrawal of accommodation started during the pandemic.

He also said that inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the Indian economy has remained resilient. Das further said that they have started a gradual withdrawal of the extraordinary accommodation. RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Their steps will be measured and calibrated.

Das said that the RBI will remain focused on bringing down inflation with the target. He also talked about the geopolitical situation and said that the ongoing war has turned out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified faster. Inflationary pressures have become broad-based and remain largely driven by supply shocks.

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Video of couple hugging in the middle of Pune road goes viral, users rush in with their takes | Watch

The video shows various people, as well as, traffic policeman rushing towards the couple to question them.

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couple hugging in the middle of Pune road

A video has been making rounds on the internet where a couple can be seen hugging each other in the middle of the road as it hinders and disrupts the traffic. As per the reports, the incident is transpired on a Pune road.

In the video, a couple can be seen hugging each other on a heavily thronged road full of cars and traffic. The actions by the couple can be seen disrupting the movement of the traffic.

The video also shows various people, as well as, traffic policeman rushing towards the couple to question them. After receiving a lot of flak by the people on the road, the couple can be seen retiring to the side as they smile at each other.

Read Also: Amritpal Singh hunt: Khalistani leader spotted in Delhi without turban, covered face with mask, video viral | WATCH

See the video here:

Twitter reactions

After the video of the incident went viral, may users came forward to add their take on the incident as one user wrote that the it’s a shooting, implying that the couple were actors and playing along to the script as such a thing happening on a busy road is usually met with harsher punishments.

One user wrote and questioned the user who shared the video by saying that the couple are kissing. The user wrote that if one looks closely at the the incident, they will realise what really is happening.

One user questioned the couple’s actions and probed about the rational behind doing such an act in the middle of a road, implying that this is not proving anything and only disrupting everyone’s day.

One user wrote that such people are trying to make India a western country. The user further wrote that it is good to bring change in the country, however, he added that it is not a good thing to disturb the public by stopping the traffic.

One user wrote that such people are trying to make India a western country. The user further wrote that it is good to bring change in the country, however, he added that it is not a good thing to disturb the public by stopping the traffic.

Lakshadweep MP Mohammed Faizal’s Lok Sabha membership restored ahead of SC hearing

PM Modi hits out at Opposition unity amid Rahul Gandhi’s disqualification row, says coming together of corrupt on one stage

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Lakshadweep MP Mohammed Faizal’s Lok Sabha membership restored ahead of SC hearing

The notification, issued by the Secretary General of the Lok Sabha Utpal Singh, stated that Faizal’s membership has been restored keeping in view the order passed by the Kerala High Court on January 25.

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Lakshadweep MP Mohammed Faizal

Ahead of the Supreme Court hearing on the matter of Lakshadweep MP Mohammed Faizal’s disqualification from the Lok Sabha, the LS secretariat issued a notification stating that his membership has been restored.

The notification, issued by the Secretary General of the Lok Sabha Utpal Singh, stated that Faizal’s membership has been restored keeping in view the order passed by the Kerala High Court on January 25.

The Nationalist Congress Party (NCP) leader, who was disqualified from the Lok Sabha in an attempt to murder case, appealed to the Supreme Court on March 28 that he has not been reinstated back to the Parliament even though his conviction has been stayed by the Kerala High Court.

Read Also: PM Modi hits out at Opposition unity amid Rahul Gandhi’s disqualification row, says coming together of corrupt on one stage

The matter was to be heard later today, however, before the hearing Faizal’s membership was restored.

The Kavaratti Session Court convicted the NCP MP and three others to 10 years of imprisonment on January 11, 2023, in an attempt to murder case in connection with the 2009 incident. Following the conviction of a two-time MP from the island, his membership was disqualified and the Election Commission of India announced by-polls.

He was convicted by the Sessions Court under various Sections including 143, 147, 148, 307, 324, 342, 448, 506 and other offenses of the Indian Penal Code (IPC).

Faizal’s Lok Sabha membership was restored amid Rahul Gandhi’s disqualification from the Lok Sabha in 2019 criminal defamation case. The case will come in handy for Rahul Gandhi to restore his Lok Sabha membership that was struck down by the Lok Sabha Secretary General on March 24.

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Women Sub-inspector in Haryana caught red-handed taking bribe by vigilance agency, video goes viral | Watch

The video also shows the vigilance team dispersing the crowd assembled around the team after witnessing the unraveling. The officials can also be heard asking the police official who did she take the bribe from after which she can be seen shaking her head.

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Women Sub-inspector in Haryana caught red-handed taking bribe

A video has been going viral on social media where a woman sub-inspector was caught red handed taking a bribe by the vigilance agency. As per the reports, the sub-inspector has been identified as Munnni Devi and it was also reported that a total of 5,000 Rs was recovered from her.

In the video, the sub-inspector can be seen being escorted by the team away from the crowd as they try to question her. After stepping away from the crowd, the sub-inspector can be seen handing over the bribed money over to a member of the vigilance agency. The sub-inspector can be seen in a state of shock and fear.

The video also shows the vigilance team dispersing the crowd assembled around the team after witnessing the unraveling. The officials can also be heard asking the police official who did she take the bribe from after which she can be seen shaking her head.

See video here:

Another incident

Another incident came to light from Uttar Pradesh’s Bareilly where a man was brutally beaten up, man handled by the 112 policemen. As per the reports, the incident between the policemen and the man escalated over some dispute of money.

In the video, the two policemen can be seen manhandling and shoving the man. The video also shows the two policemen picking up the man and slamming him against the bike. The police in the video can be seen unabashedly displaying their unruly behavior while the local residents watch them.

Read Also: PM Modi hits out at Opposition unity amid Rahul Gandhi’s disqualification row, says coming together of corrupt on one stage

Toward the end of the video, one policeman can be seen slapping the man across his face as the man recollects himself from the assault. The other policeman can be seen trying the pacify the situation as he tries to stop his colleague from hitting him further.

See post here:

Delhi Police detain Congress leaders on march near Red Fort

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