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Interest
Govt approves continuation of interest subvention scheme for farmers
Under the scheme, farmers get loan at a concessional interest rate of 7 per cent. An additional interest subvention of 3 per cent per annum is provided to farmers who repay loans in time.
06 August 2024, 15:39 IST
Govt approves continuation of interest subvention scheme for farmers
06 August 2024, 15:39 IST
RBI likely to keep interest rate unchanged at 6.5%, say experts
Amid persisting inflationary pressures, RBI will be closely tracking the US monetary policy trajectory before changing its stance on interest rate, which has remained unchanged since February 2023, experts opined.
04 August 2024, 09:52 IST
RBI likely to keep interest rate unchanged at 6.5%, say experts
04 August 2024, 09:52 IST
Exporters' body urges Goyal to restore IES benefits for all
FIEO president Ashwani Kumar highlighted that the scheme has so far benefitted not only MSMEs but also merchant exporters and large manufacturing companies at a lower rate of two per cent for 410 tariff lines, covering labour-intensive products.
29 June 2024, 12:39 IST
Exporters' body urges Goyal to restore IES benefits for all
29 June 2024, 12:39 IST
Interest equalisation scheme for exporters extended for 2 months; FIEO disappointed
The scheme which provides exporters interest benefits was ending on June 30 this year.
28 June 2024, 16:12 IST
Interest equalisation scheme for exporters extended for 2 months; FIEO disappointed
28 June 2024, 16:12 IST
SBI Chairman pitches for tax relief on interest income in Budget
Currently, banks are required to deduct tax when interest income from deposits held in all the bank branches put together is more than Rs 40,000 in a year. With regard to savings accounts, interest earned up to Rs 10,000 is exempt from tax.
19 June 2024, 10:13 IST
SBI Chairman pitches for tax relief on interest income in Budget
19 June 2024, 10:13 IST
Non-receipt of relief would not stop obligation to pay interest: Karnataka High Court
The petition was filed by an insurance company challenging an order of a court in Raichur to pay an additional Rs 3.37 lakh as arrears of interest.
16 August 2023, 00:28 IST
Non-receipt of relief would not stop obligation to pay interest: Karnataka High Court
16 August 2023, 00:28 IST
World Bank lifts 2023 global growth forecasts
The bank predicted global growth rebounding to 3.0 per cent in 2025
06 June 2023, 15:23 IST
World Bank lifts 2023 global growth forecasts
06 June 2023, 15:23 IST
Front-loading rate hikes risking financial stability?
This delicate balance between reducing inflation and limiting the hit to economic well-being becomes even more complex because of financial stability worries
24 October 2022, 16:57 IST
Front-loading rate hikes risking financial stability?
24 October 2022, 16:57 IST
Rates on small savings schemes unchanged for FY23
The interest rate on the five-year senior citizens' savings scheme will be retained at 7.4 per cent. The interest on the senior citizens' scheme is paid quarterly
31 March 2022, 12:19 IST
Rates on small savings schemes unchanged for FY23
31 March 2022, 12:19 IST
Interest calculator in GSTR-3B for delayed tax payment
09 January 2022, 11:11 IST
Interest calculator in GSTR-3B for delayed tax payment
09 January 2022, 11:11 IST
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