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Commercial credit up 15% in a year

Outstanding credit to the commercial sector crossed Rs 300 lakh crore at end-January, up 14.7% year on year, signalling a pickup in loan demand in response to the 125-basis-point cut in the policy rate by the Reserve Bank of India (RBI) over the past year to spur growth. One basis point is a hundredth of a percentage point. Incremental credit growth in the first 10 months of this fiscal year was Rs 34.5 lakh crore, up 35% over the corresponding period, data published by the RBI in its latest monthly bulletin showed.128727621 The gap between bank credit and non-banking sources of credit widened in January over the corresponding period. "This shows banks have regained the ground in providing credit," said Madan Sabnavis, chief economist, Bank of Baroda. The gap between bank and non-bank sources widened to Rs 9 lakh crore for the 10 months ending January 2026. The gap was as narrow as Rs 2.5 lakh crore in 10-months ending January 2025. "The pickup in credit offtake reflects...
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Police in Britain arrest Peter Mandelson

Former British ambassador to the U.S. Peter Mandelson has been arrested by London police on suspicion ‌of misconduct ⁠in ⁠public office. Mandelson, 72, was fired from the most prestigious posting in Britain's diplomatic service in September, when the depth of ⁠his friendship ‌with Jeffrey Epstein started to become ⁠clear. Police earlier this month began a criminal investigation into Mandelson after Prime Minister Keir Starmer's government passed on communications between the former ambassador ‌and Epstein. "Officers have arrested a 72-year-old man on suspicion ⁠of misconduct in public office," London's Metropolitan Police said in a statement relating to an investigation into a former government minister. from Economic Times https://ift.tt/4u0qUyn
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Mahayuti, MVA brace for Budget session face-off

from Economic Times https://ift.tt/Ep3keAv
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'Strong 7.1-magnitude quake hits off Malaysia'

from Economic Times https://ift.tt/u7dbWAp
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NASA lunar rocket issue delays mission

CAPE CANAVERAL: NASA's new moon rocket suffered another setback Saturday, almost certain to bump astronauts' first lunar trip in decades into spring. The space agency revealed the latest problem just one day after targeting March 6 for the Artemis II mission, humanity's first flight to the moon in more than half a century. Overnight, the flow of helium to the rocket's upper stage was interrupted, officials said. Solid helium flow is essential for purging the engines and pressurizing the fuel tanks. This helium issue has nothing to do with the hydrogen fuel leaks that marred a countdown dress rehearsal of the Space Launch System rocket earlier this month and forced a repeat test. NASA Administrator Jared Isaacman said a bad filter, valve or connection plate could be to blame for the stalled helium flow. Regardless of the cause, he noted, the only way to access the area and fix the problem is in the Vehicle Assembly Building at Kennedy Space Center. "We will begin pr...
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India vs SA T20: Why it gets serious now

from Economic Times https://ift.tt/Hvwn0lT
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What broken pavements say about India’s development

from Economic Times https://ift.tt/rp5UZeJ
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