Venezuela: Inauguration of constituent assembly sparks new protests

Venezuela: Inauguration of constituent assembly sparks new protests

Venezuela has inaugurated the new legislative superbody elected last week. The 545-member constituent assembly has been condemned by governments across Latin America, the U.S. and EU. Opposition protesters clashed again with security forces in Caracas. They believe the assembly endangers Venezuelas democratic freedoms. The all-powerful body may decide to dissolve the opposition-run congress and will rewrite the constitution, giving the ruling Socialist Party vast new powers. 14 days ago
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RBI cuts repo rate: Home loans won't be cheap

After the 25bps cut in the lending rate by the central bank, the cost of funds for the banking system is expected to come down further. The home loan borrowers should, therefore, get the advantage of lower EMIs. 17 days ago