Home, vehicle, other retail loans to become cheaper: Finance Minister

The government on Friday announced a slew of measures to ensure that loans for home, vehicles and consumer goods become cheaper and widely available through banking and non-banking finance companies. Addressing the media here,¬†Finance Minister Nirmala Sitharaman also said that banks will pass on RBI rate cut benefits to borrowers through MCLR reduction. She said that banks will launch repo rate and external benchmark-linked loan products that will lead to reduced easy monthly instalments for housing, vehicle and other retail loans. The minister also announced additional liquidity support of Rs…

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Smart vehicle technology new star of CES

car giant Mercedes showcased its Vision Urbanetic, a concept autonomous vehicle designed for urban areas, at CES 2019 The technology on display at CES increasingly involves cars and other vehicles, with the gadget show becoming ever more diverse in the products showcased as a result. Some vehicle manufacturers now make as many major announcements at the Las Vegas convention as they do at key motor industry events such as the Detroit Motor Show. This year, Nissan, Ford, Mercedes, Audi and Hyundai are among the firms with a large presence in…

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