Interest Rate
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RBI's MPC begins 2-day meet; decision on key rate tomorrow
Business | Feb 06, 2018, 04:54 PM ISTThe outcome of the 6-member MPC meeting is being keenly awaited by stakeholders amidst a huge sell-off in the stock markets globally.
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Government stops subscription for 8 per cent GoI savings bond
Business | Jan 01, 2018, 10:47 PM ISTThe bonds have been popular on account of offering a higher rate of interest than small savings and fixed deposit rates.
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US Fed raises key interest rate for third time this year, sees GDP growth slowing to 2% in 2020
Business | Dec 14, 2017, 10:37 AM ISTThe Fed chair said it would be "very difficult" to achieve the 4% growth President Donald Trump has promised, expects economy to grow at a "moderate" pace in future years.
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SBI introduces 2-tier interest rate, cuts saving account rate by 0.5 pc on deposits below Rs 1 crore
Jul 31, 2017, 02:19 PM ISTThe State bank of India (SBI) has cut the interest rate on savings bank accounts by 50 basis points (bps) – bringing it down to 3.5 per cent from 4 per cent
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Home loan EMIs get Rs 2,000 cheaper under Pradhan Mantri Awas Yojana. Read how
Mar 23, 2017, 12:33 PM ISTLoans approved or under consideration as on January 1 will be eligible for the interest rate subisdy on home loans
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President Trump’s policies may lead to rate hike ‘fairly soon’: Federal Reserve
World | Feb 23, 2017, 10:26 AM ISTThe Federal Reserve said the economy’s continued growth might convince it to raise its benchmark interest rate "fairly soon" due to the ambitious policies proposed by President Donald Trump that may have unforeseen effects, the media reported.
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Monetary Policy: Urjit Patel-led panel likely to maintain status quo on Feb 8
Feb 05, 2017, 12:29 PM ISTThe Reserve Bank of India (RBI) is unlikely to lower benchmark interest rate at its policy review meet this week.
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RBI moots waiving bank transaction charges, lowering interest rate on credit cards
Feb 04, 2017, 03:39 PM ISTIn a bid to promote cashless transactions in the country, the Reserve bank of India (RBI) has given banks the freedom to fix bank service charges for transactions, Minister of State for Finance Santosh Kumar Gangwar said on Friday.
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Modi’s New Year Bonaza: Interest rates cut and other major schemes announced by the PM
Dec 31, 2016, 08:34 PM ISTPrime Minister Narendra Modi, in a televised address to the nation on the New Year’s Eve, announced that the government would give the rebate of three and four percent on interest rates to the people
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Venkaiah Naidu praises PM Modi’s demonetisation decision, hints at lower interest rate regime
National | Dec 23, 2016, 11:36 PM ISTUnion minister M Venkaiah Naidu today termed demonetisation of high value bills as a “historic decision” by Prime Minister Narendra Modi and said that PM’s focus is to help the poor even as he indicated
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Finance Ministry decides to revisit small savings interest rate
Sep 29, 2015, 09:30 PM ISTNew Delhi: The Finance Ministry today said the interest rate on small savings like PPF and post office deposits will be reviewed, but interest of small savers will be taken into account while doing so."It
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RBI seen to cut interest rate tomorrow, but may flag risks
Sep 28, 2015, 06:36 PM ISTNew Delhi: Reserve Bank Governor Raghuram Rajan is widely expected to cut interest rate tomorrow by a quarter per cent to a 4-year low to accelerate a sluggish economic recovery, but may underscore concerns over prices
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RBI to consider deflation while deciding interest rates
Sep 03, 2015, 06:32 PM ISTNew Delhi:The Reserve Bank will take into account the domestic and global deflationary trend and take appropriate action on interest rate, Minister of State for Finance Jayant Sinha said today."We have to be very mindful
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Pressure rising on RBI to cut interest rate
Aug 03, 2015, 03:00 PM ISTNew 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
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Greater interest rate cuts by banks in offing: Arun Jaitley
Jun 12, 2015, 11:00 PM ISTNew 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
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RBI may cut policy rate to spur investment: Bankers
May 31, 2015, 04:56 PM ISTNew 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
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Govt decides to pay 8.75% interest on PF for 2014-15
Dec 19, 2014, 05:44 PM ISTNew 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
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RBI likely to keep interest rate unchanged in Tuesday review
Aug 03, 2014, 04:56 PM ISTNew 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
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Government will reduce interest rates on home loans: Naidu
May 28, 2014, 10:25 PM ISTNew 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
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EPFO to decide interest rate on Jan 13
India | Dec 23, 2013, 05:54 PM ISTNew 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