The Biden administration on Monday indicated it is still undecided on ending the Trump-era ban on issuing of new H-1B visas, with the Homeland Security Secretary Alejandro Mayorkas asserting that its top priority is the acute needs of individuals fleeing persecution.
The RBI’s state of the economy note has said that there is economic recovery with drop in Covid cases and “all engines of aggregate demand are starting to fire”. The central bank has also said that the only thing missing is private sector investment as even bank credit has started to pick up steam.
In a bid to grab as many home loan customers as possible before the fiscal year ends, State Bank of India (SBI) and Kotak Mahindra Bank have sweetened their offer in this segment by cutting interest rates by up to 10 basis points (100bps = 1 percentage point).
The total revenues that the exchequer may earn this fiscal through upfront payment requirements will be around Rs 12,000-13,000 crore, communications and IT Minister Ravi Shankar Prasad said, while calling the auctions satisfactory in their outcome. The money will come handy at a time when the government is looking to raise resources.