Interest

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Interest - Total results - 37
Coronavirus Lockdown: SC issues notice to Centre, RBI on plea against interest on loans during moratorium
Business

Coronavirus Lockdown: SC issues notice to Centre, RBI on plea against interest on loans during moratorium

The Supreme Court Tuesday asked the Centre and the RBI to respond to a plea challenging levy of interest on loans during the moratorium period, which has now been extended by another three months till August 31 due to the coronavirus pandemic

Coronavirus: UP govt exempts interest on amount payable by industrial, commercial institutions for 3 months
Business

Coronavirus: UP govt exempts interest on amount payable by industrial, commercial institutions for 3 months

In a major relief to all industrial and commercial institutions during COVID-19 lockdown, the Uttar Pradesh government has decided to exempt interest on the amount payable by these establishments under all heads from 22 March till 30 June, 2020

Small savings schemes: Govt keeps interest rates unchanged for January-March quarter
Business

Small savings schemes: Govt keeps interest rates unchanged for January-March quarter

The government on Tuesday kept the interest rates on small savings schemes, including NSC and PPF, unchanged for the fourth quarter of 2019-20 despite moderating bank deposit rates

RBI monetary policy: Repo rate hike to hurt India's growth prospects, say industry bodies
Business

RBI monetary policy: Repo rate hike to hurt India's growth prospects, say industry bodies

The industry on Wednesday said 25 basis points rate hike by the RBI will hurt India's growth prospects and exhorted the central bank to revert to the policy of benign interest rates

RBI's monetary policy committee begins discussions; decision on key policy rate tomorrow
Business

RBI's monetary policy committee begins discussions; decision on key policy rate tomorrow

Reserve Bank of India (RBI) has maintained a status-quo on the key short-term borrowing rate (repo) in its last three policy meet

GDP decline: Fiscal stimulus is already on, why doesn’t the govt try lowering taxes?
Business

GDP decline: Fiscal stimulus is already on, why doesn’t the govt try lowering taxes?

Fiscal stimuli flatter to deceive. It does help in pushing up economic growth initially, but ends up creating more problems

Finance Ministry starts notifying provisions of GST acts, amends rules
Business

Finance Ministry starts notifying provisions of GST acts, amends rules

Provisions in the Central GST Act (CGST), Integrated GST (IGST) Act and Union Territory GST Act and rules under them are being notified.

Punjab National Bank cuts MCLR by 10 to 15 basis points
Business

Punjab National Bank cuts MCLR by 10 to 15 basis points

PNB’s overnight MCLR has been revised the most i.e. by 15 basis points

Rs 43,000 crore lies in inoperative EPF accounts: Govt
Business

Rs 43,000 crore lies in inoperative EPF accounts: Govt

About Rs 43,000 crore is lying in inoperative Employees' Provident Fund accounts and interest would be credited to such accounts, government said on Monday.

Cairn faces Rs 10,247-cr fine in addition to Rs 29k cr tax demand
Business

Cairn faces Rs 10,247-cr fine in addition to Rs 29k cr tax demand

British oil explorer Cairn Energy Plc faces up to Rs 10,247-crore penalty over and above the Rs 29,000 crore in tax and interest demand slapped on it by the I-T Department using a retrospective legislation.

Budget 2016: Farmers seek Rs 5 lakh loan at 4%, higher support price
Business

Budget 2016: Farmers seek Rs 5 lakh loan at 4%, higher support price

Farmer groups and agriculture experts today asked the government to provide loans of up to Rs 5 lakh to all farmers at 4 per cent interest and sought higher support price, increased coverage of crop insurance and consistent export policy.

Yellen says US economy 'source of strength', rate hike decision not 'abrupt'
Business

Yellen says US economy 'source of strength', rate hike decision not 'abrupt'

Federal Reserve Chair Janet Yellen conceded Wednesday the Fed's rate increase could hurt some emerging economies, but that it represents a strong US economy that is good for global growth.

The Fed's rate hike, in 5 points
Business

The Fed's rate hike, in 5 points

The Fed says the economy has rebounded enough since the Great Recession that the rate should begin rising, albeit slowly.

Diwali Bonus: Tax treatment of income from gold schemes attractive, say experts
India

Diwali Bonus: Tax treatment of income from gold schemes attractive, say experts

The interest earned on the deposits is tax free. Even the capital gains that arise from trading or redemption of these deposits are exempt from tax.

Rupee plunges to 7-month low, ends 38 paise down at 61.53 vs US dollar
Money

Rupee plunges to 7-month low, ends 38 paise down at 61.53 vs US dollar

Last Friday, the rupee rose by 19 paise or 0.31 per cent.<br />

ECB cuts interest rates to record lows to battle eurozone deflation threat
International

ECB cuts interest rates to record lows to battle eurozone deflation threat

The ECB cut its main refinancing rate to 0.05 percent from 0.15 percent.

Good news: SBI, HDFC, PNB cut home loan rates
Money

Good news: SBI, HDFC, PNB cut home loan rates

Home loans of up to Rs 75 lakh would now be available to fresh borrowers at 10.10 percent against the existing rate of 10.15 percen

EPFO trustees to pay 8.75% interest on PF deposits for 2014-15
Money

EPFO trustees to pay 8.75% interest on PF deposits for 2014-15

The decision to retain the interest rate on the provident fund deposits at last year's level was taken despite some protest by the trade union members of the CBT

Safety is the key: Why it's time for investors to shift from deposits to debentures
Money

Safety is the key: Why it's time for investors to shift from deposits to debentures

Debentures are transferable whereas deposits are by definition not. Thus money is locked up for the duration of deposit, and if premature withdrawal is sought, the company extracts its pound of flesh.