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EPFO board likely to recommend lower provident fund rate for FY20

Central retirement fund body, the Employees’ Provident Fund Organisation (EPFO) is reportedly looking to cut interest rate on savings to 8.5 percent for FY20. The proposal was made in March,

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Working on fair solution to rate transmission; private banks need to step up lending: Nirmala Sitharaman

RBI has cut the repo rate by 115 bps since the lockdown began on March 25 Finance Minister Nirmala Sitharaman said on June 25 that the government is discussing the

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Coronavirus News Highlights | India sees highest single day spike with over 14,000 cases, recovery rate at 54.13%

June 20, 2020 08:57 PM IST Coronavirus in India LIVE updates| India on Saturday saw another record spike of 14,516 COVID-19 cases, pushing the total tally to 3,95,048, with over

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Interest rate waivers for bank loans during moratorium will harm depositors: AIBDA

Interest rate waivers for bank loans during moratorium will harm the depositors, the All India Bank Depositors’ Association (AIBDA) has said adding that interest waiver of any kind will dent

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COVID-19 crisis | Unemployment rate in India falls, moves closer to pre-lockdown levels

The unemployment rate in India has declined to 11.6 percent in the second week of June as against 17.5 percent the previous week, data from the Centre for Monitoring Indian Economy (CMIE)

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Dow Futures Higher Ahead of Fed Rate Meeting; OECD Warns of 'Long-Lasting' COVID-19 Hit to Global GDP

Les Français se sont rués sur ça après le confinement Que ce soit pour célébrer la fin du confinement ou anticiper un été à la maison, la vente de ces

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Federal Reserve to keep buying bonds and sees no rate hike through 2022

The Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in

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Canara Bank cuts in repo-linked lending rate by 40 bps

Meanwhile, the Bengaluru-based bank also slashed its marginal cost of fund-based lending rate (MCLR) by 20 basis points across various

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Market Snapshot: Dow closes 800 points higher after jobs report shows surprise jump in payrolls, fall in unemployment rate

Stocks ended the week sharply higher on Friday after the U.S. May jobs report showed a surprise 2.5 million jump

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Coronavirus India News LIVE | Delhi sees COVID-19 recovery rate fall below 40 percent; death toll in the city at 708

June 06, 2020 08:24 AM IST Europe could have its free travel zone up and running again by the end

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Govt wants credit flow at lower interest rate: Anurag Singh Thakur

The government is negotiating with banks to give loans to small businesses at a lower interest rate of around 7.5-8

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Dow closes 800 points higher after jobs report shows surprise jump in payrolls, fall in unemployment rate

Dow closes 800 points higher after jobs report shows surprise jump in payrolls, fall in unemployment rate Stocks close sharply

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RBI MPC minutes: Here#39;s why Chetan Ghate did not favour a bigger rate cut

Why did Chetan Ghate, one of the six members of the monetary policy committee (MPC) panel, voted for a 25

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PNB cuts repo-linked lending rate by 40 bps to 6.65%

The lender has cut its saving fund deposit rate by 50 bps with a maximum of 3.25 per cent, effective

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UCO Bank reduces repo-based lending rate by 40 bps

“We have slashed the repo based lending rate – UCO Float by 0.40 percent to 6.90 percent from 7.30 percent,

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UCO Bank slashes lending rate by 40 basis points

The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the

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#39;More rate cuts seen but won#39;t be effective unless credit, economic activity picks up substantially#39;

While it is positive sentimentally, the reverse repo rate is the effective policy rate right now, and thus, more effective

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#39;Another 25-50 bps repo rate cut seen; need support for high risk sectors, explore one-time loan restructuring#39;

“While an immediate announcement of restructuring may not be the first option, targeted support to the high-risk sectors and subsequent

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Hormel says the value of products like Spam and Skippy peanut butter rose alongside unemployment rate

Hormel Foods Inc. says that as the unemployment rate has risen, so has demand for items that fall into its

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