MCLR (Marginal Cost of Lending Rate) is the benchmark lending rate below which banks are not supposed to lend. As against previous benchmark rates which were based upon average cost of funds, MCLR is based upon cost of incremental funds. As a result it is determined at a monthly frequency.
India is now the world’s biggest two wheeler market. In the year 2017-18 about 2 cr two wheelers were sold. India is also the world’s fifth largest passenger vehicle market. 33 lac passenger vehicles were sold during the same year. Both the sales figures are lifetime high for the country.
Baby Ursa is borne to Team Ursa Minor today. But before that:
While the world is aging up by each passing day, India is getting younger. And younger. Another ten-twelve year and we will be the largest force of working age people in the world.
Please don’t try to hang me for pushing a product down your throat. This write up is just an update and you won’t find any semblance of even a disguised sale. Because none of you readers (and I mean my FB family) are a target audience for the book.