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As per 4th bi – monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India (RBI) has cut its key lending rate — repo rate – by 25 basis points to 5.15% in an effort to boost a sluggish economy as inflation remains in a comfortable zone. This is the 5th consecutive rate cut ..
After a lengthy discussion by the various Union Ministries involved in the process, the Union Government has decided to notify an 8.65% interest rate for the PF deposits in India. This offered rate of interest is the same as the one offered last year. What has happened? The Labour Ministry and the Finance Ministry had ..
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has recently announcement its 3rd bi-monthly Monetary Policy Statement for FY 20 (2019-20). In it, RBI reduced the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points (bps) from 5.75% to 5.40% with immediate effect. Consequently, the reverse repo ..
The Reserve Bank of India (RBI) in its monetary policy review undertaken by the Monetary Policy Committee (MPC) has made the following decisions: RBI cuts repo rate to 5.4% from the current 5.75%. Reverse repo rate under liquidity adjustment facility stands revised to 5.15%. Marginal standing facility (MSF) rate and the bank rate reduced to 6%. ..
The United States Federal Reserve has announced a quarter-percentage-point cut in interest rates. This was the first-rate cut in 11 years- the first since the global financial crisis broke in 2008. The rate cut marked a departure from the hawkish rate-hike trajectory of US Federal Reserve moving in the direction of bolstering the debt-laden American economy. ..
The budget 2019-20 has reduced the corporate tax rate (CTR) from 30 per cent to 25 per cent for all firms with a turnover of Rs 400 crore. This would cover about 99.3 per cent of all firms in India. OECD Data on Corporate Tax across 100 Economies India has one of the highest corporate ..
In a research paper India s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications former chief economic advisor Arvind Subramanian has claimed that India s economy grew at a much slower pace between 2011-12 and 2016-17 (at about 4.5%) than the official estimate of 7 per cent. Observations made in the Research Paper India s GDP ..
After linking its short-term loans and large savings deposits rates to the repo rate, the State Bank of India (SBI) has decided to introduce a repo rate-linked home loan product from July 1. The home loans under this product will be priced at 2.65% over the repo rate of 5.75%. So, the home loan interest ..