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Source: Business Standard A rate cut at this juncture would have provided the ideal boost to accelerate consumer demand across industries, he added (Photo: PTI) 1 min read Last Updated : Oct 09 2024 | 2:57 PM IST Realtors’ apex body Credai on Wednesday said the RBI should have cut key interest rates to…
Source: Live Mint Personal loans are adaptable financial tools that can be used for various purposes, including debt consolidation, large purchases, and unexpected needs. Typically, they are unsecured loans, meaning they do not require collateral such as a home or car. Let’s explore some common reasons why people take out personal loans. Also Read |…
Source: Business Standard RBI Governor Shaktikanta Das highlighted adverse weather conditions, ongoing geopolitical conflicts, and a rise in select commodities as the key threats to its inflation forecast.(Photo: Shutterstock) 4 min read Last Updated : Oct 09 2024 | 1:11 PM IST After the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday…
Source: Business Standard The RBI kept the repo rate unchanged at 6.5 per cent for the tenth consecutive meeting, with a majority vote of 5-1 (Photo: PTI) 4 min read Last Updated : Oct 09 2024 | 10:32 AM IST The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday,…
Source: Business Standard Reserve Bank of India | (Photo: Shutterstock) 3 min read Last Updated : Oct 03 2024 | 10:58 PM IST Interest rates are expected to decline soon after remaining elevated for an extended period. After the US Federal Reserve’s recent 50-basis-point (bps) cut, other central banks, including the Reserve Bank of…
Source: Business Standard 3 min read Last Updated : Oct 03 2024 | 11:44 AM IST If you plan on buying a new car, one task for that is to decide loan options offered by various banks. Understanding the interest rates, processing fees, and other charges associated with these loans is essential for making…
Source: Business Standard Home Loan, Loan, Home, House(Photo: Shutterstock) 3 min read Last Updated : Oct 02 2024 | 2:03 PM IST Taking out a loan to purchase a home is a significant financial decision. Even a small variation in interest rates can have a substantial impact. Hence, it is essential to compare different…
Source: Business Standard 2 min read Last Updated : Oct 01 2024 | 1:41 PM IST The Finance Ministry on Monday kept interest rates of small saving schemes unchanged for the October-December 2024 quarter, with Sukanya Samriddhi and Senior Citizen Savings Scheme offering 8.2 per cent interest rate. Click here to connect…
Source: Business Standard 2 min read Last Updated : Sep 30 2024 | 6:34 PM IST The government on Monday left the interest rates on various small savings schemes including PPF and NSC unchanged for the third straight quarter beginning October 1, 2024. “The rates of interest on various small savings schemes for…
Source: Live Mint The Public Provident Fund (PPF) is an excellent investment option with EEE (Exempt-Exempt-Exempt) status. This means it offers a tax deduction at the time of investment, the interest earned is tax-free, and the maturity proceeds are also exempt from tax. Currently, the interest rate for PPF is 7.10%. Moreover, PPF is fully…
