This week, in a further attempt to curb rising inflation, the Reserve Bank of Australia (RBA) raised the country's cash rate for the fourth month in a row. With the cash rate now at 1.85 per cent, those who took out low-interest loans during the last two years are facing the potential of hundreds of extra dollars each mortgage payment. But for those who don't have a mortgage, the concern around rising interest rates might be confusing. What is the cash rate and why is it going up? Know how your iceberg lettuce is costing $10 a head right now? It's just one of the signs inflation is soaring at the moment. In June, annual inflation hit 6.1 per cent, the highest level in 21 years. This is due to multiple factors including supply chain interruptions from COVID-19 and the war in Ukraine. To curb this inflation (the RBA usually likes to have it around 2–3 per cent) the RBA has rapidly been increasing the cash rate since May this year. This means the amount of interest banks and … [Read more...] about No mortgage? Here’s why you should still pay attention to interest rate rises
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Tata Housing to bear customers’ interest burden on home loans beyond 3.5% for 12 months
Synopsis Tata Housing, a 100 percent subsidiary of Tata Sons Pvt Ltd, said in a statement it is "celebrating India's 75th Independence Day with an interesting offer where homebuyers can avail an interest rate of 3.50 percent for 12 months on 9 projects of Tata Housing across 7 cities in the country." The prospective homebuyers will also get other benefits such as up to 1 kg of customised silver coin with every booking. Tata Housing on Friday said that it will bear the interest burden on home loans beyond 3.5 per cent for 12 months for customers who buy flats in its nine projects. The company has launched a campaign from August 5 to September 15, 2022 to offer this scheme. Tata Housing, a 100 per cent subsidiary of Tata Sons Pvt Ltd , said in a statement it is "celebrating India 's 75th Independence Day with an interesting offer where homebuyers can avail an interest rate of 3.50 per cent for 12 months on 9 projects of Tata Housing across 7 cities in the country." … [Read more...] about Tata Housing to bear customers’ interest burden on home loans beyond 3.5% for 12 months
Madurai City police invites applications for posts of Traffic Warden
Applications are invited for the honorary posts of Traffic Warden in Madurai City Police to regulate traffic and to assist police personnel during festivals and VIP visits. In a statement, City Commissioner of Police T. Senthil Kumar, said that a total of 160 posts of traffic warden out of the sanctioned strength of 200 were vacant. No salary would be paid to the volunteers. Graduates, government officers, teaching staff of schools and colleges and employees of private companies, aged between 25 and 45 years, can join to offer their social services. Selected candidates would have to regulate traffic for two hour between 6.30 p.m. and 8.30 p.m. for two days a week on a rotational basis. They would also be called for festival bandobust and VIP visits. Besides, they would be given training on last Sundays of the month. Interested candidates can send their application through [email protected] or submit their applications in person at the office of Deputy Commissioner of … [Read more...] about Madurai City police invites applications for posts of Traffic Warden
ASEAN to rethink peace plan if Myanmar executes more prisoners, says chair
The Association of South-east Asian Nations (ASEAN) will be forced to reconsider a peace plan agreed with Myanmar if the country's military rulers conduct more executions of prisoners, Cambodian Prime Minister Hun Sen says. Key points: The chair of the 10-bloc group condemned the recent execution of four democracy activists by the junta Mr Hun Sen says the current situation had "changed dramatically" and could be seen as even worse than before because of the executions He says ASEAN's unity has been challenged by the political and security implications of the crisis in Myanmar The 10-nation bloc had been pushing for Myanmar to adhere to a five-point peace "consensus" it agreed to last year and has condemned the recent execution of four democracy activists by the junta . "If more prisoners are executed, we will be forced to rethink... our role vis-a-vis ASEAN's five-point consensus," said Mr Hun Sen, who is the current chair of ASEAN and was speaking at the … [Read more...] about ASEAN to rethink peace plan if Myanmar executes more prisoners, says chair
With eye on 2024 polls, BJP plans to expand base among Yadavs, Pasmanda Muslims
The BJP has planned to expand its base among the Yadavs, Jatavs and Pasmanda Muslims as part of its strategy to win all 80 Lok Sabha seats in the 2024 general election. Uttar Pradesh Deputy Chief Minister and former state BJP president Keshav Prasad Maurya had also dropped a hint in a recent tweet, saying Yaduvanshi (Yadavs), Ravidasiyo (Jatavs) and Pasmanda Muslims will be brought closer to the BJP so that the lotus “blossoms” in every booth in UP. After the party’s victory in the Azamgarh and Rampur Lok Sabha bypolls, Chief Minister Yogi Adityanath had claimed that it will win all 80 seats in next general election. While OBC Yadavs and Muslims form the Samajwadi Party ’s “MY” vote bank, Jatavs have been siding with the BSP led by Mayawati so far. Subscriber Only Stories View All ‘Want to show India can bring out smaller, cost-effective SLV’: S Somanat... Delhi Rewind: How Dilshad Garden started out as a slice of Lahore Venkaiah Naidu: The … [Read more...] about With eye on 2024 polls, BJP plans to expand base among Yadavs, Pasmanda Muslims
Won’t tolerate faking religion to profess love: Harsh Sanghavi
The state government would not tolerate cases if a man is found faking his religious identity to pursue his love interest, said Harsh Sanghavi, Gujarat Minister of State for Home, Friday. “If someone tries to defame love or the faith associated with it, that person will not be spared. People can fall in love with their real names and real faiths, but if a Mustafa poses as Mahesh or assumes any other name and falls in love, that would never be acceptable,” Sanghavi said in Surat. “This act would only disrupt the peace in the society. We expect that people from every community help reach the true meaning of love to the last man in each of your communities. If we get any kind of complaint on this issue, I am assuring all of you that we will consider it serious and take action,” he added. The Majura MLA was speaking at an event organised by the Surat police to create awareness on filing e-FIRs. Incidentally, the Gujarat Freedom of Religion law, amended last year to allow … [Read more...] about Won’t tolerate faking religion to profess love: Harsh Sanghavi