INTEREST

  • People voice their support for net neutrality, say Internet a utility not a luxury April 13, 2015

    New Delhi: As the campaign and support for net neutrality is picking up, Politicians, celebrities and a cross section of people are voicing their support for it. Net neutrality means all data and sites are treated and charged equally be it mobile app or any other app. According to AIB...
  • SBI cuts home loan interest rate by up to 0.25% April 12, 2015

    New Delhi: Matching its competitor HDFC Ltd, State Bank of India on Sunday announced a cut in home loan rate by up to 0.25 per cent, providing relief to new borrowers. The cut in interest rate on home loans, with effect from Monday, is higher than the reduction of 0.15...
  • Prashant Bhushan slams Arun Jaitley for asking PIL activists to declare their sources of funding April 11, 2015

    New Delhi: Senior lawyer Prashant Bhushan has slammed Union Finance Minister Arun Jaitley for saying that Public Interest Litigations (PIL) activists' should declare their sources of funding. Jaitley had made the comment on Friday while inaugurating the country's first International Financial Services Centre in Gandhinagar. "Those who file PILs against developmental...
  • PIL activists should declare source of funds: Arun Jaitley April 10, 2015

    Gandhinagar: Union Finance Minister Arun Jaitley on Friday said it should be mandatory for those filing PILs against the government on development projects to declare their source of funds, days after Prime Minister Narendra Modi cautioned the judiciary against being influenced by "five-star activists". The suggestion by Jaitley also came a...
  • HDFC cuts home loan rate by 0.2 per cent; EMIs to come down April 10, 2015

    New Delhi: Country's largest mortgage firm HDFC on Friday cut home loan rate by 0.2 per cent to 9.9 per cent for new as well as existing borrowers. It has been decided to reduce home loan rate by 20 basis points, with effect from April 13, HDFC Ltd said in...
  • Part 4 of St Stephen's lecture to be on social justice, public interest litigation, civil society April 10, 2015

    New Delhi: In part four of St Stephen's and Network18 joint initiative where the former will offer a certificate course in 'Citizenship & Cultural Richness' with weekly classes conducted by its regular faculty and distinguished alumni, the discussion will be about social justice, public interest litigation and civil society. The...
  • RBI keeps interest rates unchanged, EMIs likely to remain the same April 7, 2015

    New Delhi: The Reserve Bank of India kept interest rates on hold at 7.50% on Tuesday, waiting for more clarity on inflation after heavy rains raised uncertainty about food prices and seeking to grant banks more time to reflect its previous rate cuts. With the apex bank not tinkering with...
  • RBI may keep interest rate on hold at 7.5% at monetary policy review today April 7, 2015

    Mumbai: The Reserve Bank of India is expected to keep its benchmark interest rate on hold at 7.50 per cent at a policy review on Tuesday, while signalling that it could act swiftly to lower rates further if inflation stays within its target. In 2015, the Reserve Bank of India (RBI)...
  • Jaipur resident demands student loans be made available at better rates February 19, 2015

    Wasim, a private student of class 12 and who also works at an ice cream parlor in Jaipur, wants student loans to be made available at better interest rates so that he can do his MBA from a good institute and set up his own business. He is also hoping...
  • Trick or treat? India's strong GDP figures mask economic reality February 11, 2015

    Mumbai: For business, the government and the Reserve Bank of India, data revisions that have transformed India's $2.1 trillion economy into one of the world's fastest growing are too good to be true. Now, the search is on for reliable indicators of underlying activity, vital for Finance Minister Arun Jaitley as...
  • Public interest should be far more important than public ownership, says Suresh Prabhu January 18, 2015

    Speaking at the Act for Growth Meet celebrating 10 years of CNBC Awaaz, Union Railways Minister Suresh Prabhu on Saturday said that the public ownership is for public interest so, if the public interest can be served without having public ownership, public interest should be far more important. ...
  • EMIs to fall as banks ready to cut interest rates after RBI's surpise move January 15, 2015

    New Delhi: Soon your EMIs are going to come down with several banks going ahead with a reduction in their interest rates after the Reserve Bank of India itself cut rates in a surprise inter-meeting move on Thursday. United Bank of India on Thursday said it would cut its base rate...
  • RBI surprises by cutting repo rate by 25 basis points, hints lowering rates further January 15, 2015

    New Delhi: The Reserve Bank of India cut its repo interest rate by 25 basis points to 7.75 per cent in a surprise move on Thursday, making its first reduction in a year as inflation showed signs of slowing and the government was making efforts to contain the fiscal deficit. The...
  • Wholesale price inflation hits a zero, lowest in over five years December 15, 2014

    New Delhi: Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline in prices of food, fuel and manufactured items. The Wholesale Price Index (WPI) based inflation was at 1.77 per cent in October and 7.52 per cent in November...
  • RBI keeps interest rates unchanged at 8.0 per cent, mantains focus on containing inflation December 2, 2014

    Mumbai: As expected, the Reserve Bank of India has kept the interest rates unchanged at 8.0 per cent on Tuesday, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth. RBI said that on the basis of an...
  • RBI expected to hold rates, sound dovish to soothe government December 2, 2014

    Mumbai: The Reserve Bank of India is expected to keep interest rates unchanged on Tuesday, staying focused on containing inflation, while adopting a more dovish tone in response to the government's call for help to revive economic growth. Forty-one of 45 economists saw the RBI keeping the repo rate at 8.00...
  • Reserve Bank of India keeps key rates unchanged September 30, 2014

    New Delhi: The Reserve Bank of India did not spring up any surprise move in its fourth bi-monthly monetary policy review. The central bank has kept key rates unchanged. This is the fourth consecutive time that the RBI has kept key interest rates unchanged despite clamours from the industry to...
  • Fresh perjury plea filed against Prashant Bhushan for alleged remarks against CBI Director September 20, 2014

    New Delhi: For the third time, the CBI has filed a perjury application against noted advocate Prashant Bhushan claiming that he lied under oath against CBI Director Ranjit Sinha. Bhushan has sought that Sinha excused himself from the 2G and coal allocation scam probes claiming that he met the accused...
  • 2G probe: CBI chief rejects allegations, questions source of information September 13, 2014

    New Delhi: Defending his stand in the 2G scam probe, Central Bureau of Information Director Ranjit Sinha's has rejected the affidavit filed by NGO Center for Public Interest Litigation which has levelled allegations against him. In an affidavit submitted to the Supreme Court he questioned the source of information for...
  • EPFO to pay 8.75 per cent interest on PF deposits in 201415 August 26, 2014

    New Delhi: Retirement fund body EPFO's trustees on Tuesday decided to retain interest payment on provident fund deposits for 201415 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 statusquo 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 bimonthly 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 interestfree loan options for solar products of about Rs 2.5 lakh to consumers. "This national financing tieup 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 bimonthly monetary policy, 201415, 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 mindblowing 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...