Interest rate

RBI Monetary Policy Updates

Created: 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

Created: 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

Created: 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

Created: 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

Created: 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

Created: 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 ..