‘Rate cut OK, but more steps needed to spur investment’

‘Rate cut OK, but more steps needed to spur investment’

Economic expansion and inflation forecasts for the current fiscal have been lowered by the Reserve Bank of India (RBI) after the growth rate fell to a five-year low, but a 25-basis-point policy rate cut has raised questions on whether the action is...
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Plastic items, furniture may get cheaper as govt plans to cut GST rates on items in 28% slab

Plastic items, furniture may get cheaper as govt plans to cut GST rates on items in 28% slab

The GST Council may consider Friday reducing items in the 28% tax slab and slash rates for daily use items, plastic products and handmade furniture as it looks to provide relief to consumers. Four months after the Goods and Services...
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Limited space for further cut in lending rate: SBI chief

Limited space for further cut in lending rate: SBI chief

State Bank of India Chairman Rajnish Kumar on Thursday said that there is limited space for further easing of the lending rate. It seems so, he said in reply to a question if the rate cut cycle is over for...
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Sensex Rises 150 Points; SBI Jumps On Interest Rate Cut

Sensex Rises 150 Points; SBI Jumps On Interest Rate Cut

Indian shares were trading higher on Monday with the country’s biggest lender, State Bank of India, rising after it introduced a 2-tier savings bank interest rate while investors awaited a rate cut by the central bank later this week. The...
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Govt studying use of private cars as shared taxis to cut car ownership, traffic

Govt studying use of private cars as shared taxis to cut car ownership, traffic

India is examining the use of private vehicles as shared taxis in an effort to reduce car ownership and curb growing traffic congestion in major cities, sources familiar with the matter told Reuters. India’s federal think-tank, which is chaired by...
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Big Banks Cut Home Loans Rates, Special Discounts for Women

Big Banks Cut Home Loans Rates, Special Discounts for Women

India’s largest private sector lender ICICI Bank cut its home loan rates by 0.3 per cent for loans up to Rs. 30 lakh, a move that was matched by HDFC Bank on Monday bringing them in line with the country’s...
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