- RBI announces more measures to tackle economic fallout amid coronavirus outbreak
The Reserve Bank of India (RBI) has announced new measures, including extension of period for realisation and repatriation of export proceeds, to tackle the economic fallout due to Covid-19 pandemic.
- Interest Rate CutBig interest rate cuts in PPF, other small savings schemes
After Reserve Bank of India’s (RBI) decision to cut its policy rates, the interest rates on small savings schemes including, PPF fell on Tuesday. The government revised the interest rates on small savings scheme for April-June by anywhere between 70-140 bps.Another Home LoanTips to get another home loan if you already have one
Every person in this world dreams of owning a home. But houses today are costly. Most of the population cannot afford to pay the entire price at one go. Thanks to the lenders who have made it possible for people to complete this dream. Today, you get home loans very quickly. But what if you already have an ongoing home loan and you need a second home loan? Though there are some conditions you need to fulfil, it is not impossible to avail a second home loan. It is essential to have a good credit score and income to give the assurance of repayment to the lender. Following are some steps that can be followed to avail a second home loan:Oil Prices SlumpGlobal Oil prices slumps to 17-year low amid coronavirus pandemic
The price for international oil slumped to a 17-year low amid lockdown across the world due to coronavirus pandemic. The demand has fallen drastically as people have been staying inside their homes.RBI Press ConferenceCovid 19: RBI follows Central Banks, cuts repo rate by 75 bps to fight coronavirus outbreak
Syncing with the moves by global central banks, the Reserve Bank of India (RBI) on Friday slashed the key repo rate by 75 basis points (bps) to 4.4 per cent, to provide some relief and control the economic slowdown in the wake of deadly coronavirus spread. The reverse repo rate now stands at 4 per cent, down 90 bps.Personal LoanDecode the tax benefits on personal loan
It is well-known that the Indian Income Tax Act-1961 allows various deductions and exemptions when computing your tax liability. Usually, a person would plan this in advance and work around the deductions in a way that can minimize his tax liabilities. There are many tax-saving instruments and investments that can help you save on your taxes. You just have to declare them while filing your taxes.BSE-NSE tankSensex down by 3150 points, Nifty below 7900 mark
Amid coronavirus outbreak, major companies suspended their work across the nation; following this Sensex tanked on Monday morning massively.CIBIL ScoreLearn about factors that affect CIBIL score and steps for its improvement
Two years ago, the government had announced the attractive ‘loan in 59 minutes scheme’. However, as of last year, most banks offering these loans had rejected around 52% of loan applications. That means it is probably a good time to turn to NBFCs for loans and some of the most attractive loan products are offered on Finserv MARKETS.Where to investULIP or SIP: How to Choose Where to Invest
When it comes to making financial investments, choosing the right investment option is essential. With the right investment choice, you can build your wealth effortlessly and attain your financial goals over time.Finance and MarketsCoronavirus: 10 times the required emergency food stock available in India
Consumers in India started piling up food and essentials after reports of rising coronavirus cases in the nation. The Union Government has assured that there is enough amounts of food foodgrain stocks in federal and state-held reserves, several times the required emergency buffer, to tide over any crisis.Finance and MarketsNegative impacts of coronavirus on India and the world
The number of coronavirus cases in India is on a rise and spike has been registered in many other parts of the world too, leading to a decision of countries banning the entry of foreign nationals on their land.Finance and Markets'You can now withdraw money using Yes Bank ATM card'
Crisis-hit Yes Bank on Saturday night tweeted that its customers can withdraw money by using their debit cards at its ATMs and also at any other bank's ATM.Finance and MarketsKeeping an eye on Yes Bank crisis since 2017: Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Friday said that the crisis in Yes Bank has not cropped up suddenly. "We had been keeping an eye on the bank since 2017," she said at a press briefing on Friday evening.Finance and MarketsGovernment caps deposit withdrawal limit of Yes Bank to Rs 50,000
The Central Government has imposed a moratorium on the Yes Bank, effective from March 5, restricting withdrawal of deposit fund to Rs 50,000. Any kind of withdrawal above the mentioned amount will be granted only after the permission from the Reserve Bank of India.Finance and MarketsParliament Budget Session to resume from today (March 2)
The second half of the Parliament Budget session will resume from today (March 2). The session is likely to be stormy as the Congress has cleared its intentions and will be demanding the resignation of Union Home Minister Amit Shah over Centre's failure in containing the violence across Delhi and several other states.Finance and Markets10 incomes exempted from new tax regime – How to save your income tax?
New income tax regime can be availed from this financial onwards where tax payers would be able to save more tax on their incomes.Finance and MarketsBig Fat Indian Wedding: How Personal Loan can help you?
Marriages are an extremely glossy affair in India. Most of the Indians wish to spend a vast amount of money on weddings as they believe that it is a once-in-a-lifetime event and want it to be memorable.Finance and MarketsBihar Poultry Boom - Success Story of the Year
Bihar has traditionally been a consumer state for non-agriculture produce, especially eggs and fish. In the light of its image of being a backward state, its growth rate of 44.72% per annum in poultry production has managed to draw attentions and create quite a stir pan India. The current yearly growth rate of poultry industry in Bihar is four times higher than the national average.