Interest

  • Higher food costs probably pushed inflation up in March 15-04-2014 10:43 AM

    Inflation in India is expected to have edged up on higher food costs in March, snapping a three-month easing trend that will give the Reserve Bank of India (RBI) less scope to support the economy amid fresh signs of slowdown. Analysts say the risk of less-than-normal monsoon rains this summer...
  • Read: Interesting facts about 2009 Lok Sabha elections 14-03-2014 08:50 PM

    New Delhi: As India gears up to vote for its representatives to the 16th Lok Sabha, here is a look at some interesting facts about 2009 general elections. -Highest Polling station: Auleyphu in Leh (15,300 m) -Maximum number of votes polled by a candidate: 8,32,224 -Minimum number of votes polled...
  • HC stays UP government order including 'Kumhar' caste under SCs 05-03-2014 11:18 PM

    Allahabad High Court on Wednesday stayed an order passed by the Uttar Pradesh government two months ago in which 'Kumhar' caste was included in the Scheduled Castes. A Division Bench of Justice Ashok Bhushan and Justice Satish Chandra passed the order on a Public Interest Litigation challenging the Government Order...
  • RBI will need to keep raising policy interest rate: IMF 22-02-2014 09:41 AM

    Mumbai: The Reserve Bank of India will need to continue raising its policy interest rate given the sticky nature of inflation, the International Monetary Fund said on Thursday. "The ingrained nature of inflation and inflation expectations mean that reducing inflation - even over a protracted horizon - will require significant...
  • EPFO approves raising Provident Fund interest rate 13-01-2014 12:34 PM

    New Delhi: Retirement fund body EPFO on Monday decided to increase the rate of interest on Provident Fund deposits to 8.75 per cent for 2013-14, a move that will benefit about 5 crore subscribers. "We have decided to recommend to the government 8.75 per cent rate of interest for 2013-14...
  • HC seeks government reply on a PIL on Food Security Act implementation 09-01-2014 09:54 AM

    The Allahabad High Court has asked Uttar Pradesh government to file its response to a Public Interest Litigation seeking implementation of the Food Security Act in the state. The order was passed on Tuesday by a Division Bench comprising Chief Justice Dhananjaya Yeshwant Chandrachud and Justice Dilip Gupta on the...
  • Narendra Modi baiter danseuse Mallika Sarabhai joins AAP 08-01-2014 06:33 PM

    Ahmedabad: In a significant development famous dancer Mallika Sarabhai has joined the Aam Aadmi Party (AAP). Mallika Sarabhai has been a vocal critic of Gujarat Chief Minister and BJP's PM candidate Narendra Modi. She has been in the forefront of attack on Modi. She had unsuccessfully contested against BJP leader...
  • RBI keeps key rates unchanged 18-12-2013 11:13 AM

    Mumbai: The Reserve Bank of India (RBI) has kept key policy rate and cash reserve ratio unchanged in the December 2013 Mid-Quarter Monetary Policy Review. On the basis of an assessment of the current and evolving macroeconomic situation, the RBI decided to keep the policy repo rate under the liquidity...
  • 2013: 5 tech surprises of the year 17-12-2013 04:06 PM

    New Delhi: Quite like other years, the year 2013 also witnessed the launch of many new devices including smartphones (with large screens and improved specifications), slimmer tablets, smartwatches, hybrid devices and premium video game consoles, but unlike many recent years, 2013 was a year when many groundbreaking mobile devices took...
  • RBI likely to hike policy interest rate by 0.25 per cent on Tuesday 28-10-2013 03:47 PM

    Reserve Bank of India (RBI) Governor Raghuram Rajan is likely to hike a key policy interest rate by at least 0.25 per cent on Tuesday, analysts said. This will be the second increase in the repurchase or repo rate in nearly one-and-a-half months to curb inflation. In his first policy...
  • Car sales up by 0.7 per cent in September: industry body 08-10-2013 12:27 PM

    Car sales in India rose marginally in September, an industry body said on Tuesday, as demand during the ongoing festive season was tempered by high interest rates and fuel costs. Automakers sold 156,018 cars in India last month, up 0.7 per cent from a year earlier, data from the Society...
  • Full text: RBI Mid-Quarter Monetary Policy Review 20-09-2013 11:06 AM

    Reserve Bank of India Governor Raghuram Rajan announced his maiden monetary policy on Friday. The Mid-Quarter Monetary Policy Review announced by Rajan saw the RBI an increase in repo rate by .25 basis points to 7.5 per cent. Below is the full text of the September 2013 Mid-Quarter Monetary Policy...
  • SBI increases its minimum rate of lending to 9.80 per cent, makes loans costlier 19-09-2013 11:39 AM

    The country's largest lender, State Bank of India, on Thursday said it increased its base rate, or the minimum rate of lending, to 9.80 per cent, a day ahead of the RBI's policy review. "State Bank of India has revised the base rate by 0.10 per cent from 9.70 per...
  • Rupee touching 70 per dollar cannot be ruled out: Latha Venkatesh 22-08-2013 04:44 PM

    The Rupee has fallen to an all-time low, trading at almost 65 to a Dollar and 100 to a Pound Sterling. Is the situation getting where depreciation and inflation starts feeding off each other? CNBC-TV18's banking editor Latha Venkatesh joined IBNLive readers for an interaction on the issue. Q. Are...
  • Clinical trial of untested drugs must be regulated: SC 26-07-2013 05:56 PM

    New Delhi: Clinical trials of untested drugs on humans require certain mandatory standards to be followed, the Supreme Court said on Friday while directing the government to put in place a mechanism to monitor them. The apex court directed the Centre to convene a meeting of Chief Secretaries or Health...
  • RBI to announce its new monetary policy today 17-06-2013 09:01 AM

    Mumbai: Softening headline inflation alone will no longer be enough to spur the Reserve Bank of India to cut interest rates at a time when it faces other pressing challenges such as a record low rupee and the risk of potentially destabilising capital outflows. The RBI is due to review...
  • If RBI can't cut CRR, let them pay us interest on it: SBI 17-06-2013 02:48 AM

    Mumbai: Ahead of the mid-quarter review of monetary policy on Monday, the State Bank of India has said if the apex bank cannot reduce CRR rate, which is a must for lending rate cuts by banks, they should pay interest on cash reserves that banks park with the monetary authority....
  • Dhoni owning stakes in Rhiti Sports points at conflict of interest 04-06-2013 08:27 AM

    Indian captain Mahendra Singh Dhoni is in the eye of a fresh storm after a newspaper report claimed he held shares in a player management company. Despite a clarification, questions remain on whether Dhoni is in fact part-owner of a business that manages Indian cricketers and also looks after Chennai...
  • Finance Ministry sees room for easing of rate by RBI 14-05-2013 03:41 PM

    New Delhi: Encouraged by the declining trend in inflation, the Finance Ministry on Tuesday made a case for further rate cut by the Reserve Bank to boost sagging growth. "I think we need to look at statement made by RBI Governor during the last policy review where he had stated...
  • PIL important for providing justice, says President 06-05-2013 05:10 AM

    Kolkata: President Pranab Mukherjee on Sunday praised public interest litigations (PIL) for helping in delivering justice, but urged the judiciary to "observe self discipline" to "maintain the balance with the executive and legislature". "I would like to compliment the Indian judiciary for one innovation: PIL. A man staying in the...
  • Difficult to cut interest rates soon: Banks 03-05-2013 03:03 PM

    Mumbai/ New Delhi: Big banks say it will be difficult for them to pass on the benefit to customers even though the Reserve Bank of India (RBI) cut repo rate by 25 basis points on Friday even though the cash reserve ratio was left untouched. The banks say RBI's move...
  • Highlights of RBI's monetary policy 2013-14 03-05-2013 12:38 PM

    Mumbai: Sticking to its cautious stance, the Reserve Bank on Friday cut the key interest rate by just 0.25 per cent to 7.25 per cent and kept the liquidity enhancing cash reserve requirement unchanged, disappointing the industry and stock market. The RBI in its annual monetary policy statement said there...
  • RBI cuts repo rate by 0.25 pc, CRR unchanged 03-05-2013 11:21 AM

    Mumbai: In a move that is likely to bring cheers to the consumers, the Reserve Bank of India (RBI) cut repo rate by 0.25 per cent on Friday for the third time since January. The cut may lead to softening of loan EMIs. Following the 25 basis points cut, the...
  • RBI sees 'very limited' room to ease monetary policy 03-05-2013 08:25 AM

    Mumbai: The Reserve Bank of India (RBI) on Thursday warned of "very limited" space for further easing of monetary policy this fiscal year, striking a hawkish tone a day before it was expected to cut interest rates by 25 basis points for the third time in 2013. The central bank's...
  • 'Very limited' room for monetary easing, says RBI 02-05-2013 11:10 PM

    Mumbai: Dashing expectations of an interest rate cut that have risen because of the recent softening in inflation, as well as decline in crude and gold prices, the Reserve Bank of India on Thursday said there is "very limited" space for that in fiscal 2013-14 because of multiple global and...
  • RBI likely to ease policy rate by 0.25 pc: Barclays 28-04-2013 11:45 AM

    New Delhi: The Reserve Bank of India is likely to cut rates by 0.25 per cent in its monetary policy review on May 3, driven by falling inflation levels and recent declines in the prices of oil, gold, and the trade deficit, according to a Barclays report. "We expect the...
  • India likely to improve fiscal situation in 2013: IMF 17-04-2013 01:50 AM

    Washington: At a time when many countries are facing challenges on the fiscal consolidation front, India with its favorable interest rate growth differential has an advantage in addressing deficit concerns in 2013, International Monetary Fund (IMF) said on Tuesday. In its latest edition of annual Fiscal Monitor report, the IMF...
  • SBI to raise $500-$600 million in offshore borrowing 17-04-2013 01:35 AM

    Mumbai: State Bank of India plans to raise $500-$600 million worth of offshore external commercial borrowings in three to four months time, a senior executive said on Tuesday. India's largest lender priced a five-year, $1 billion bond issue with a coupon of 3.25 per cent last week, generating interest of...