Monday, September 14
The National Democratic Alliance on Thursday authorised Prime Minister Narendra Modi and BJP president J P Nadda to pick the ruling bloc's vice presidential candidate, Union minister Kiren Rijiju said. It was a unanimous decision, the Parliamentary Affairs Minister said.A meeting of key BJP leaders and their allies was held at the Parliament complex where the decision was taken.Union ministers Rajnath Singh and Amit Shah besides Nadda, JD(U)'s Lalan Singh, Shiv Sena's Shrikant Shinde, TDP's Lavu Sri Krishna Devarayalu, and Chirag Paswan of LJP (Ram Vilas) were among those who attended the meeting. Rajnath Singh chaired the meeting.
Circumspect credit demand for mortgages and other retail-focused sectors does not reflect either a worrying slowdown or ineffectiveness of the percentage-point cut in policy rates, Governor Sanjay Malhotra said Wednesday, highlighting the long-term nature of housing loans and the expectedly careful decision making by individual borrowers."Fluctuations will be there. Housing credit overall is doing well," Malhotra said in reply to a question from the media on weak retail loan demand despite the steep reduction in rates in four months. "It may have moderated somewhat but these are to be expected. Overall housing credit is 14% as we speak, which is very good which is more than our average credit growth of 10% for this year."Latest sectoral data from the central bank shows that until June 2025
