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SBI reduces its home loan interest rates to 6.7%

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Picture : SBI

State Bank of India (SBI), has launched a wreath of festive offers for home equity credit customers where offers are aimed to form home loans cheaper within the festive season. during an unparalleled initiative, SBI offers a credit score that is linked to home loans at just 6.70%, regardless of the loan amount.

Earlier a borrower availing of a loan greater than ?75 lakh, had to pay a rate of interest of 15%. With these new festive offers, a borrower can now avail of home equity credit for any amount at a low rate of 6.70%. The offer leads to a saving of 45 bps which translates to an enormous interest saving of quite Rs. 8 lakh, for a ?75 lakh loan with a 30-year tenure.

Earlier, the speed of interest applicable for a non-salaried borrower was 15 bps above the rate of interest applicable to a salaried borrower, in this festive offer SBI has removed its dissimilarity between a salaried and a non-salaried employee.

Now, there’s no occupation-linked interest premium being charged to prospective home equity credit borrowers. this is able to cause an extra interest saving of 15 bps to non-salaried borrowers.

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Teacher says being forced to get vaccinated, HC asks Delhi govt to respond to plea

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The Delhi government has decided to not permit teachers and school staff in public schools in case they fail to get themselves vaccinated against Covid-19 by October 15. The absence has been directed to be treated as leave by the education department.

Representational Image : Teacher says being forced to get vaccinated, HC asks Delhi govt to respond to plea

The Delhi High Court Friday asked the Delhi government to respond to a petition challenging the decision to not permit teachers and school staff in public schools in case they fail to get themselves vaccinated against Covid-19 by October 15. The absence has been directed to be treated as leave by the education department.

A petition has been filed before the court by a teacher working in a private-aided school against the government decision, contending that he is suffering from a number of medical ailments and has not been taking any allopathic treatment for many years. He has thus sought exemption from taking the vaccine on medical grounds.

Justice Rekha Palli, while also issuing notice to the Centre and the petitioner’s school, listed the case for hearing in February 2021.
Besides seeking a direction against forcing him to take the Covid-19 vaccine, the teacher has also sought compensation of Rs 10 lakh on account of “the mental harassment meted out to him”.

The petitioner in his plea filed through advocate Abhimanyu Yadav has said that he was diagnosed with hand dystonia in 2018 and took allopathic treatment for its cure. However, the petition claims, his condition worsened by use of allopathic medication and he went into depression.

“The vaccination in all probability will further escalate the medical condition of the petitioner looking at the history of effect allopathic way of treatment has had on the petitioner,” reads the petition, adding that the petitioner’s condition has improved through spiritual and mediational practices.

The government on October 12 defended its circulars which are under challenge in the case and submitted before the court that recently requests have been received from parents of primary school children too to reopen the school at the earliest. “If due precautions are not taken by vaccinating the entire school staff including all teachers, it could once again lead to spread of Covid-19,” the state told the court.

Source : IndianExpress

 

 

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Life expectancy in India drops by 2 years due to Covid pandemic: Report

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A statistical analysis conducted by Mumbai’s International Institute for Population Studies shows that life expectancy in India has dropped by roughly two years due to Covid-19 pandemic.

According to IIPS assistant professor Surayakant Yadav, the life expectancy at birth for men and women has declined from 69.5 years and 72 years in 2019 to 67.5 years and 69.8 respectively in 2020, reports Times of India.

‘Life expectancy at birth’ is defined as the average number of years that a newborn is expected to live if the mortality pattern during their birth remains constant in the future.

The study was conducted to analyse the effect of the Covid pandemic on the mortality patterns across the country, as thousands of lives were lost due to the deadly pandemic waves.

The study also found out that the Covid toll was reported to be the highest for men in the age group of 35-69. The excess deaths in this age bracket due to Covid led to a sharp drop in life expectancy.

The IIPS based its study on the data collected by the 145-nation Global Burden of Disease study and the Covid-India Application Programme Interface (API) portal.

Yadav further added, “The Covid impact has wiped out the progress we made in the last decade to increase the life expectancy figure. India’s life expectancy at birth now is the same as it was in 2010. It will take us years to catch up.”

However, IIPS director Dr K S James added that epidemics in the past in countries, including Africa, massively impacted life expectancy, but it recouped in a few years.

Source : IndiaToday

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Meeting BJP worker’s family was an act of ‘humanity’, gladly accept the punishment: Yogendra Yadav

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A day after Yogendra Yadav was suspended from the Samyukta Kisan Morcha (SKM) for meeting the dead BJP worker’s family; the social activist called it an act of humanity. He further said that he visited the dead BJP worker’s family to share their grief since it is part of Indian culture.
Issuing a statement Yadav said he respects the collective decision-making process of the SKM and gladly accepts the punishment.

“I will continue to work more diligently than ever for the success of this historic peasant movement,” he added.

Yadav was suspended for a month for visiting the family of Subham Mishra, a Bharatiya Janata Party worker who was killed in the October 3 Lakhimpur Kheri violence.

Saying that he regretted not consulting other members of the SKM before his meeting, Yadav said it saddens him to have hurt their feelings.

“In any movement, the collective opinion prevails above individual understanding. I am sorry that I did not talk to other comrades of SKM before taking this decision,” he said through a statement.

He further said he met families of the farmers and the journalist killed in the same incident before moving on to meet the family of the BJP worker and expressed hope that his public expression of sentiments will only strengthen the farmers’ movement.

According to a senior farmer leader, the decision to suspend Yadav was taken at a general body meeting of the SKM and said that the social activist cannot participate in the meetings and other activities of SKM.

Eight people were killed in the Lakhimpur Kheri district including four farmers and a journalist who were run over by a jeep allegedly being driven by a union minister’s son. The vehicle had ploughed through a mob of farmers in Tikunia village.

Angry farmers then dragged out some people from vehicles part of the convoy and beat them to death.

Source : Timesnownews

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