Interest rate

RBI Monetary Policy Updates

February 8, 2023

The Monetary Policy Committee of RBI meets four times a year. The committee recently held its meeting on February 8,  2023. This is the first meeting since Finance Minister Nirmala Sitaraman presented her budget. The committee has four members. During ..

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Recent Wave of Tech Layoffs

January 31, 2023

Layoff means removing employees from jobs. Dismissing due to a decrease in profits. When the profit of a company is not sufficient to pay all its employees, it Lays OFF. Recently, IBM (International Business Corporation), one of the largest tech ..

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EPFO Interest Rate -Update

March 14, 2022

Employees’ Provident Fund Organization (EPFO) has decided to reduce the interest on provident fund (PF) deposits from 8.5% in 2020-21 to 8.1% in 2021-22. About the reduction in interest rate The interest rate of 8.1% will be the lowest interest ..

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GoI appoints Monetary Policy Committee Members

October 6, 2020

On October 5, 2020, the Government of India appointed economists Jayant R Varma, Shashank Bhide and Ashima Goyal as members of Monetary Policy Committee (MPC). Their appointments were cleared by the Appointment Committee of the Cabinet chaired by PM Modi. ..

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EPFO lowers interest rate on deposit to 8.50% for FY2019-20

March 6, 2020

Employees Provident Fund Organisation (EPFO) on Thursday lowered the interest rate on deposits to 8.50 per cent for the current financial year 2019-20. The interest rate, which is the lowest rate fixed in seven years, was reduced from the previous ..

Jyske Bank launchs world’s first negative interest rate mortgage

August 17, 2019

Denmark’s third largest, Jyske Bank has launched the world’s first negative interest rate mortgage and started to offer a10-year mortgage deals at a negative interest rate of 0.5% a year. Under its negative mortgage, borrowers will pay the usual EMI ..