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Business

SBI cuts interest rates on fixed deposits up to 0.5%

The SBI bank has slashed the interest rate for the fixed deposits with a maturity of 7-45 days to 4.5% from the existing 5%

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Economy

Why this rate cut by RBI was necessary, what sectors will benefit

India’s GDP growth slipped to a 5-year low of 5.8% in the January-March quarter, the first instance of lagging China in the last few quarters

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Economy

Fed rate decision, rupee, US-China trade issues to drive stock markets this week

New Delhi: The US-China trade issues, movement of rupee and crude oil as well as the Federal Reserve’s interest rate decision will play a key role in deciding the market trend this week, say experts.   Participants will also be monitoring developments in the NBFC space, which triggered a 1,100-point flash crash on Friday. “We are […]

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India

सस्ते कर्ज की नीति से कदम खींच रहे हैं दुनिया भर के केंद्रीय बैंक: विशेषज्ञ

नई दिल्ली—विशेषज्ञों का कहना है कि भारत से लेकर यूरोप तक केंद्रीय बैंकों द्वारा इस समय उठाए जा रहे कदमों कदमों को एक ही नजरिये से नहीं देखा जाना चाहिए लेकिन कुल मिलाकर ये कदम अभी तक चल रही उत्प्रेरक मौद्रिक नीति (सस्ते कर्ज की नीति) से पीछे हटने की आपसी तालमेल के साथ चल […]

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Economy

अगस्त में ब्याज दरों के मोर्चे पर यथास्थिति कायम रख सकता है रिजर्व बैंक — एचडीएफसी

मुंबई— भारतीय रिजर्व बैंक अगस्त की मौद्रिक समीक्षा बैठक में ब्याज दरों के मोर्चे पर यथास्थिति कायम रख सकता है। एचडीएफसी बैंक की एक रिपोर्ट में आज यह अनुमान लगाया गया है।   एचडीएफसी बैंक के अर्थशास्त्रियों ने एक नोट में कहा , ‘‘ यह एक नजदीकी और कड़ाई से संतुलन बैठाने का मामला होगा। […]

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Editorial Views

MSP Hike Likely To Impact Inflation, Fiscal Arithmetic

Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. MSP is price fixed by Government of India to protect the producer – farmers – against excessive fall in price during bumper production years. The major objectives are to […]

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India

US Federal Reserve raises key lending rate to 1.75-2%

Washington: The US Federal Reserve raised the benchmark lending rate today, the second increase of the year, and signalled two more hikes are coming in 2018 and four in 2019, a possible sign of concern about accelerating inflation. The Federal Reserve officials expressed confidence that the United States economy was strong enough for borrowing costs […]

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Economy

IMF welcomes RBI decision to hike interest rates

Washington: While experts and the stock market back home gave thumbs up to hike in the interest rate by the RBI, the International Monetary Fund (IMF) today also welcomed the decision of the Reserve Bank of India (RBI) to increase the repo rate by 25 basis point to 6.25%. “We welcome the Reserve Bank of India’s […]

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Economy

IIP up, inflation eases; industry calls for RBI rate cut

New Delhi: Industrial production expanded at 7.5% in January while retail inflation eased to 4.4% in February, raising industry clamour for a rate cut by the RBI next month to maintain growth momentum. The Reserve Bank of India (RBI) is scheduled to come out with next monetary policy review on 5 April 2018. It had kept […]

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Economy

EPFO lowers interest rate to a five-year low of 8.55%

New Delhi: Retirement fund body EPFO on Wednesday lowered the rate of interest on employees provident fund to 8.55% for its over 6-crore subscribers for 2017-18, from 8.65% in the previous fiscal. “It is difficult to evaluate about future in view of present economic scenario. We paid 8.65% last fiscal, which left a surplus of Rs […]