Interest

  • EPFO to pay 8.75 per cent interest on PF deposits in 2014-15 1 week ago

    New Delhi: Retirement fund body EPFO's trustees on Tuesday decided to retain interest payment on provident fund deposits for 2014-15 at 8.75 per cent. "It has been decided to pay 8.75 per cent interest in the current fiscal," Central Provident Fund Commissioner (CPFC) K K Jalan told PTI after the meeting...
  • Arun Jaitley nudges RBI to cut rate to boost growth August 10, 2014

    New Delhi: Nudging the Reserve Bank of India to cut interest rates to boost growth, Finance Minister Arun Jaitley on Sunday said that he had already made his mind clear and hoped the central bank will take decision after taking into account various factors. The RBI had maintained status-quo on interest...
  • National Herald case: HC stays lower court's summons to Gandhis till August 13 August 6, 2014

    New Delhi: The Delhi High Court has stayed a lower court's summons to Rahul Gandhi and Sonia Gandhi in the National Herald case till August 13. The Congress leaders were summoned in relation to the alleged misappropriation of assets worth Rs 2000 crore of the National Herald newspaper. Senior Congress leader...
  • RBI to unveil credit policy review, interest rate may remain unchanged August 5, 2014

    The Reserve Bank of India will come out with its credit policy review on Tuesday. It is likely to maintain status quo on interest rate in its bi-monthly monetary policy review. The central bank may prepare ground for an easier rate regime by introducing some liquidity enhancing measures. In spite...
  • Arun Jaitley to address RBI board on August 9 July 27, 2014

    New Delhi: Finance Minister Arun Jaitley will address the board of the Reserve Bank in the national capital on August 9 amid expectations that the central bank will complement government actions by reducing rates to boost growth. "The meeting has been scheduled for August 9 where he would be addressing...
  • Tata Power Solar partners Bajaj Finance for selling products July 17, 2014

    New Delhi: Tata Power Solar has partnered with Bajaj Finance to provide interest-free loan options for solar products of about Rs 2.5 lakh to consumers. "This national financing tie-up will help make solar much more attractive and an affordable alternative to conventional power sources," Tata Power Solar said in a statement. The...
  • RBI keeps key policy rates unchanged; slashes SLR by 0.5 per cent June 3, 2014

    There have been no changes in key policy rates by the Reserve Bank of India. While announcing the second bi-monthly monetary policy, 2014-15, in Mumbai on Tuesday, RBI Governor Raghuram G Rajan said that the apex bank has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged...
  • You won't look at a bonsai the same way again. 7 mind-blowing images of bonsai plants set in tiny gardens May 30, 2014

    Love bonsais? You will love these cute images of bonsais set in teensy gardens. The first one even has a Hobbit hole. How badly do you want one? ...
  • Love babies, cats, puppies and spooky photos? 15 addictive Twitter handles and 10 Facebook pages you need to follow NOW! May 30, 2014

    What do you see on your timeline when you log in to Twitter? If the same old political tweeters and football live tweeters have taken over your TL, here's the much wanted respite you need.From adorable animals doing completely human things to the most brilliant ads from across the world,...
  • Omar hopes foreign policy issue dictated by national interest May 22, 2014

    With the clout of regional parties reduced due to BJP's massive win in the Lok Sabha polls, Jammu and Kashmir Chief Minister Omar Abdullah on Thursday hoped that issues like foreign policy and water sharing agreements between states would now be dictated by national interest. "Hopefully foreign policy, water sharing agreements...
  • Higher food costs probably pushed inflation up in March April 15, 2014

    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 will...
  • Read: Interesting facts about 2009 Lok Sabha elections March 14, 2014

    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 by a...
  • HC stays UP government order including 'Kumhar' caste under SCs March 5, 2014

    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 dated...
  • RBI will need to keep raising policy interest rate: IMF February 22, 2014

    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 increases...
  • EPFO approves raising Provident Fund interest rate February 11, 2014

    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 to...
  • HC seeks government reply on a PIL on Food Security Act implementation January 9, 2014

    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 PIL...
  • Narendra Modi baiter danseuse Mallika Sarabhai joins AAP January 8, 2014

    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 December 18, 2013

    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 December 30, 2013

    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 October 28, 2013

    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 review announced...
  • Car sales up by 0.7 per cent in September: industry body October 8, 2013

    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 of...
  • Full text: RBI Mid-Quarter Monetary Policy Review September 20, 2013

    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 Review: On...
  • SBI increases its minimum rate of lending to 9.80 per cent, makes loans costlier September 19, 2013

    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 cent...
  • Rupee touching 70 per dollar cannot be ruled out: Latha Venkatesh August 22, 2013

    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 we...
  • Clinical trial of untested drugs must be regulated: SC July 26, 2013

    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 Secretaries...
  • RBI to announce its new monetary policy today June 17, 2013

    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 June 17, 2013

    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 June 4, 2013

    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 May 14, 2013

    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 May 6, 2013

    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...