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BusinessThe Reserve Bank of India raised the repo rate by 25 basis points to 5.50%. Real estate firms in West Bengal expect a slight increase in home loan borrowing costs. Developers believe genuine homebuyers will stay active long-term despite affordability concerns during the festive season. To maintain demand, flexible payment plans are being introduced amid these challenges.
ET Markets··West Bengal
SportsShreyas Iyer scored a century in a cricket match, after which the International Cricket Council (ICC) honored him with an award. This recognition highlights his outstanding performance and contribution to the game during the event.
Amar Sports·
PoliticsWest Bengal Chief Electoral Officer Manoj Kumar Agarwal has requested the Election Commission of India for clarity on whether voters with cases pending in the State’s Appellate Tribunals can be included in the fresh re-enrolment drive. The Election Commission directed all states to enrol eligible voters left out during the Special Intensive Revision within one month, using Form 6, with camps and door-to-door visits by Booth Level Officers.
The Hindu·
BusinessUS mortgage rates have risen to 7.49%, the highest since November 2023, increasing the cost of home loans for Americans. The average rate on a 30-year fixed mortgage rose 19 basis points in the week ending October 2, according to the Mortgage Bankers Association. Rising US Treasury yields and inflation concerns driven by higher oil prices are key factors behind the increase. This rise comes weeks before the November 3 US elections.
HT World·
BusinessIndia and the UK agreed to explore enhanced cross-border investments, including equity and bond listings through the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC). This pact was part of a joint statement from the fourth India-UK Financial Markets Dialogue held in London on September 29, involving senior officials from finance ministries and financial regulators from both countries.
NDTV Business··London
TechnologyA free high-tech digital library has been launched at the District Planning Office campus in Purnia. It offers Wi-Fi, over 15 computers, and more than 2000 books for competitive exams. Students can study in a quiet environment from 10 AM to 5 PM daily.
News18 Hindi··Purnia
ET Markets··West Bengal
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%. Real estate firms in West Bengal expect a slight increase in home loan borrowing costs. Developers believe genuine homebuyers will stay active long-term despite affordability concerns during the festive season. To maintain demand, flexible payment plans are being introduced amid these challenges.
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