Government Trims small savings schemes interest rates by 20 basis points Widgets The government today slashed small savings schemes interest rates by 0.2 percentage point for the January – March period from the rates applicable in the previous quarter,a move that will prompt banks to lower deposit rates.Government Trims small savings schemes interest rates by 20 basis points. At the same time,investments in the five

Are you planning to buy an Electric Vehicles?you may get an IT exemption and pay just 5% GST if Govt accepts proposal Widgets In order to promote Electric Vehicles in India,auto industry body SIAM has suggested reduction of GST on such automobiles to 5 per cent,besides one time income tax deduction of 30 percent of vehicle price for non financed buyers. In a white paper submitted to government,the society of Indian Automobile Manufacturers (SIAM) also mooted

Government Appoints New executive Directors in 9 Public Sector Banks Widgets The Government has approved the appointment of executive directors (ED’s) for Nine Public Sector Banks. Here is the list of New ED’s and Their Previous Cader: Bajrang Singh Shekhawat:Appointed as Executive Director of Central Bank Of India.He is presently General Manager in the same bank. Govind N Dongre:Appointed as Ececutive Director of Punjab

Pay Your Rent With Credit Card, There Are Benefits Too Widgets Rent is generally one of the biggest component of monthly expenditure that you make. Now, you can not only pay your rent through credit card but can also earn reward points on the amount paid. A London based Fintech Company, RedGirraffe, is offering a facility to pay rent through credit card using its

Rajnish Kumar – Next SBI chairman,to take over on October 7 Widgets Rajnish Kumar has been named Chairman of India’s largest state run lender State Bank Of India for a period of three years. Arundhati Bhattachaya’s term ad SBI chairman ends thus week. Kumar currently holds the post of Managing Director at SBI. Kumar started his career with SBI as a probationary Officer in 1980.He

RBI keeps Repo Rate Unchanged,Downgrades Growth Forecast to 6.7% Widgets The Reserve Bank Of India (RBI) kept its policy rate unchanged at a near seven year low of 6 percent on Wednesday,despite a sharp slowdown in economic growth,after a surge in consumer inflation to a five month high. “The projection of real GVA growth for 2017 – 18 has been revised down to

Changing the financial year to Jan – Dec – Arun Jaitely tells parliament Widgets Finance Minister Arun Jaitley on Friday told the Lok Sabha that the Centre was considering changing the financial year from April-March to the calendar year. “The matter of changing the financial year is under consideration,” Jaitley said in a written reply to Parliament, though he did not say whether this step would force the Centre

Fake News in Social Media On Banks closure – RBI Widgets There are increasing number of messages on WhatsApp and other social media platforms informing people about closure of nine banks. However, these are baseless, untrue and all depositors money is safe, according to Finance Ministry and the RBI. Since last few weeks,Whatsapp Groups have seen a barrage of messages claiming closure of nine

Government plans to consolidate 21 PSUs to 12 Widgets The government is working on a consolidation agenda in a bid to create 3-4 global-sized banks and reduce the number of state-owned lenders to about 12, an official said. The 21 public sector banks would get consolidated to 10-12 in the medium term, the official said. As part of a three-tier structure, the