‘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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Does interest rate increase make EPF an attractive investment option?

Does interest rate increase make EPF an attractive investment option?

The board of the Employees’ Provident Fund Organisation (EPFO) has raised the interest rate on employee provident fund account to 8.65 percent for FY19. This will benefit six crore subscribers. The rate of interest for the previous year was at 8.55 pe...
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GST Rate Changed For 29 Goods, 53 Categories Of Services

GST Rate Changed For 29 Goods, 53 Categories Of Services

Finance Minister Arun Jaitley said the new rates will be effective January 25 HIGHLIGHTS New rates will be take effect from January 25, says finance minister GST Council considers simplification of return filing process In next meet, bringing petroleum under.....
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NSC, PPF: Latest Interest Rate, Income Tax Benefits And Other Features

NSC, PPF: Latest Interest Rate, Income Tax Benefits And Other Features

PPF (Public Provident Fund) and NSC (National Savings Certificate) are popular small savings schemes. The government has revised lower interest rates for small savings schemes, including NSC, KVP and PPF, for the quarter starting January 1, 2017. The interest ...
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Latest Interest Rate On PPF, Income Tax Benefits, Withdrawal, Loan Facilities And Other Details

Latest Interest Rate On PPF, Income Tax Benefits, Withdrawal, Loan Facilities And Other Details

The rate of interest on PPF is compounded annually (Representational image) HIGHLIGHTS PPF, other small savings schemes interest rates are set every quarter Deposits in PPF account are eligible for tax deductions under Section 80C Up to Rs. 1.5 lakh...
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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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