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SBI passes on RBI rate cut benefit to borrowers, reduces interest rate by 25 bps

New Delhi, Apr 14 (PTI) The country’s largest lender SBI (State Bank of India) has reduced its lending rate by 25 basis points following the Reserve Bank’s policy rate cut, making loans cheaper for both existing and new borrowers.. With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 25 basis points to 8.25 per cent. It has also reduced the External Benchmark Based Lending Rate (EBLR) by similar basis points to 8.65 per cent. The revised rates come into effect from April 15, 2025, according to updated rate information on SBI’s

Not informing about reason of arrest in violation of Art 22(1) will be ground for bail: Allahabad High Court

Prayagraj, Apr 12 (PTI) Informing the reason for arrest is a mandatory requirement under Article 22(1) of the Constitution and its violation will be a ground to grant bail even if statutory restrictions on giving bail exist, the Allahabad High Court has ruled. In a significant verdict, the High Court has set aside a December 25 remand order of a magistrate in Rampur, observing that the grounds for the arrest of the petitioner were not furnished to him. The requirement to inform the grounds of arrest was a mandatory requirement of Article 22(1) of the Constitution, it said, adding that

Wealth creation, its equitable distribution must go hand-in-hand: Congress

New Delhi, Apr 12 (PTI) Congress governments in Telangana, Rajasthan and Karnataka led the nation and the world in passing legislation to support gig workers, the party said on Saturday and emphasised that GDP growth and wealth creation, and its equitable distribution must go hand-in-hand. In a post on X, Congress general secretary in-charge communications Jairam Ramesh said the Siddaramaiah-led government passed the Karnataka Platform-based Gig Workers (Social Security and Welfare) Bill, 2025. A key provision in the law is the establishment of a welfare fund for gig workers through a welfare fee of 1 per cent to 5 per

US tariffs will have minimal impact on Indian economy, claims BJP

New Delhi, Apr 12 (PTI) Though the world is on edge because of the tariffs imposed by US President Donald Trump, Indian economy remains self-reliant and will likely suffer minimal impact, the BJP said on Saturday. Addressing a press conference at the party headquarters, BJP spokesperson Syed Zafar Islam said that the Mudra Yojana has greatly benefited the MSME sector. “There is global nervousness around Trump’s tariffs. However, the Indian economy is self-reliant, and the impact on it will be extremely minimal. It will absorb this shock and use it as an opportunity to move forward. “If you look at

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