INTEREST

  • Wholesale price inflation hits a zero, lowest in over five years 3 days ago

    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...
  • 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 January 13, 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 201314, 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 201314 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 MidQuarter 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 17, 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 oneandahalf 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 alltime 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? CNBCTV18's banking editor Latha Venkatesh joined IBNLive readers for an interaction on the issue. Q. Are we...