Interest

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

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

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?

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

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

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

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

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.

Power of Compounding - Secret to Wealth Creation

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.