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
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
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
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
Reserve Bank of India (RBI) has maintained a status-quo on the key short-term borrowing rate (repo) in its last three policy meet
Fiscal stimuli flatter to deceive. It does help in pushing up economic growth initially, but ends up creating more problems
Provisions in the Central GST Act (CGST), Integrated GST (IGST) Act and Union Territory GST Act and rules under them are being notified.
PNB’s overnight MCLR has been revised the most i.e. by 15 basis points
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.
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.
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.
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 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.
Last Friday, the rupee rose by 19 paise or 0.31 per cent.<br />
The ECB cut its main refinancing rate to 0.05 percent from 0.15 percent.
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
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.