Financial Institutions

Aug 20

RBI Repo Rate Cut by 35 bps to 5.40% Still Maintaining Higher Lending Rate

RBI Monetary Policy Committee has announced an unconventional deduction of 35 basis points in the third bi-monthly policy review. The inflation rate has persistently been below the RBI limit of 4 percent and hence the deduction in the rate came is in line with the market expectations. RBI had reduced the policy rate by 75 … Continue reading “RBI Repo Rate Cut by 35 bps to 5.40% Still Maintaining Higher Lending Rate”

Aug 13

RBI’s Declared New Rate Cut Has Its Own Limitless Impact on Borrowers and Investors

Recently, RBI declared its new cut rates affecting the borrowers and investors in opposite visions. The RBI cut rate is found to be a gift to the borrowers and mere sad news for the investors. This reduction in lending rates will be definitely for the betterment of the loan taken, planned, and EMI schedules of … Continue reading “RBI’s Declared New Rate Cut Has Its Own Limitless Impact on Borrowers and Investors”

Aug 10

SBI Customers Making Online Transactions to Enjoy (IMPS) without any Charges

Along with the several other charges, there are also charges applicable for the banking facility popularly known as IMPS along with RTGS and NEFT. It is an instant payment transfer facility made available round the clock. RTGS is preferred for the instant fund transfer of bigger amount while NEFT is meant for the fund transfers … Continue reading “SBI Customers Making Online Transactions to Enjoy (IMPS) without any Charges”

Jul 13

The Finance Minister Released Budget 2019 for the Structural Transformations

Finally, the long wait has come to an end when the Finance Minister (FM) Nirmala Sitharaman who is today recognized as the first female finance minister came forward to present the much awaited Budget 2019. The Budget 2019 was prepared keeping in mind the need of the people falling in the different categories. It had … Continue reading “The Finance Minister Released Budget 2019 for the Structural Transformations”

Jun 19

What all Items are removed by GST Council from the 28 per cent slab?

Tax rates on 22 items were decreased by the Federal indirect tax body, the Goods and Services Tax (GST) Council. Out of these 22 items 7 items belongs to the highest slab of 28%. Taxes on things with huge revenue entailments for the treasury, like cement plus automobile component parts, still stay in the 28% … Continue reading “What all Items are removed by GST Council from the 28 per cent slab?”