New Delhi: Pressure is mounting on RBI to cut interest rate in its third monetary policy review of this fiscal tomorrow while experts are divided over the issue, saying high retail inflation may hold it
New Delhi: Public sector banks today gave an assurance that they will make “greater” cuts in interest rates in the coming days and weeks, Finance Minister Arun Jaitley said.He disclosed this after a meeting with
New Delhi: RBI is expected to cut its policy rate on Tuesday to prop up economic activity and boost investment as inflation remains low and fiscal deficit has been contained.Deflationary pressure persisted for the sixth
New Delhi: Over five crore provident fund subscribers governed by the EPFO will get 8.75 per cent interest on their deposits for the current fiscal.The Finance Ministry has ratified the rate for 2014-15, after a
New Delhi: Amid fears of poor monsoon impacting food inflation, the Reserve Bank may opt for status quo on interest rate in its bi-monthly monetary policy review to be unveiled on Tuesday. The food inflation remaining
New Delhi: The interest rates on home loans will be reduced, Urban Development Minister Venkaiah Naidu announced Wednesday.Soon after taking charge of the ministry here Wednesday, Naidu said that interest rate reduction is necessary if
New Delhi: Retirement fund body EPFO has rescheduled the meet of trustees to January 13 when it will announce interest rate on PF deposits for 2013-14 and may offer its over 5 crore subscribers a
Mumbai: The rupee today fell to its lowest level in five weeks but recouped most of the losses to end almost flat at 62.41 against dollar ahead of European Central Bank's interest rate decision and
NEW DELHI: To safeguard investors from fraudulent money-collection schemes, the government today proposed mandatory insurance cover for public deposits garnered by companies and hefty penalty of up to 18 per cent annual interest for defaulters.The
ONBOARD PM'S SPECIAL AIRCRAFT: India took the hardest hit during the recent financial market turmoil, but the country has also staged the “strongest recovery”, Commerce and Industry Minister Anand Sharma said today.Despite all the volatility,
New Delhi: The Employees Provident Fund Organisation will meet soon amid indicatios that it may announce higher interest rate on PF compared to 8.5 per cent interest rate given in 2012-13. The rate of return
NEW DELHI: Consumers durables manufacturers are upbeat of about having good festive sales despite RBI's ban of interest free installment saying purchase of products through such programmes account for a only a small part of
New Delhi, Aug 2: Within days of RBI's quarterly review of monetary policy, State Bank of India (SBI) today cut interest rate on fixed deposit of over 5 years by 0.25 per cent to 8.50
Mumbai, Jun 28: Country's largest lender SBI has cut interest rate on loans to exporters by 0.5 per cent within days of the Reserve Bank increasing the export refinancing limits of banks. "SBI has cut
New Delhi, Apr 26: Interest rate on employees' provident fund will be increased to 8.6 per cent for the current fiscal, a move which will benefit around five crore subscribers.“The rates were brought down due
Mumbai, Feb 1: The country's largest lender State Bank of India (SBI) is “keen” to cut interest rates in order to boost credit expansion, a top bank official said today. “All sentiment is building towards
New Delhi, Dec 8: Retirement fund body EPFO has recommended a cut in interest rate on provident fund deposits to 8.25 per cent for 2011-12 from 9.5 per cent in the last fiscal.“It is observed
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