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  US Fed raises key interest rate for third time this year, sees GDP growth slowing to 2% in 2020

  Business | December 14, 2017 10:37 IST

  The 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

  July 31, 2017 14:19 IST

  The 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

  March 23, 2017 12:33 IST

  Loans 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 | February 23, 2017 10:26 IST

  The 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

  February 05, 2017 12:29 IST

  The 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

  February 04, 2017 15:39 IST

  In 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

  December 31, 2016 20:34 IST

  Prime 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 | December 23, 2016 23:36 IST

  Union 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

  September 29, 2015 21:30 IST

  New 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

  September 28, 2015 18:36 IST

  New 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

  September 03, 2015 18:32 IST

  New 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

  August 03, 2015 15:00 IST

  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

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  Greater interest rate cuts by banks in offing: Arun Jaitley

  June 12, 2015 23:00 IST

  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

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  RBI may cut policy rate to spur investment: Bankers

  May 31, 2015 16:56 IST

  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

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  Govt decides to pay 8.75% interest on PF for 2014-15

  December 19, 2014 17:44 IST

  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

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  RBI likely to keep interest rate unchanged in Tuesday review

  August 03, 2014 16:56 IST

  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

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  Government will reduce interest rates on home loans: Naidu

  May 28, 2014 22:25 IST

  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

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  EPFO to decide interest rate on Jan 13

  India | December 23, 2013 17:54 IST

  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

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  Rupee shrugs off initial setback to end almost flat vs dollar

  November 07, 2013 22:05 IST

  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

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  Deposit frauds: Govt proposes insurance cover, hefty penalties

  October 22, 2013 23:38 IST

  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