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Top gold loan interest rates
To meet the financial emergency requirement, an individual has various options. Some of these options include taking a loan or redeeming their investments. One such option includes taking a gold loan. Here are the interest rate charged by a bank/NBFC on gold loans.
Gold prices near record high levels as low interest rates make bullion attractive
Gold tends to gain when interest rates are low, which reduc...
Decriminalisation of Companies Act: Decoding the COVID economic relief
Historically, corporate India has suffered the rigours of a strict pen...
ICICI Bank's loans under moratorium falls to 17.5% in June
ICICI Bank's fall in loans under moratorium is in line with other banks which have seen a fall in customers seeking the special dispensation of the RBI as cash flows improved and economic activity limps back to normalcy.
India has biggest disconnect between stock rally, economic gloom
The nation’s shares have logged the one of the best rebounds from the March lows globally while battling some of the world’s worst economic data. The surge has pushed up valuations to a record as investors look past the grim reality and the world’s third-highest tally in coronavirus cases.
Future policies need to be tailored to support economy amid COVID-19: RBI ED M Rajeshwar Rao
Several measures, including reduction in Cash Reserve Ratio, special finance facility, Long Term Repo Operations (LTRO) and Targeted Long Term Repo Operations (TLTRO) were announced, he said at a webinar organised by Assocham. As a result of various measures, he said, the RBI injected around Rs 6.5 lakh crore liquidity in the banking system during the pandemic.
BOJ's Kuroda warns second-round effect of Covid-19 may dent economic growth
"Japan's economy has been in an extremely severe situation ... In the second quarter, we'll likely see considerable negative growth," Kuroda said.
Fiscal mismanagement is the root cause of India's economic issues, says Viral Acharya
As a deputy governor at the Reserve Bank of India, Viral Acharya drove banking sector reforms, brought in systems to fix regulatory leakages and block escape routes used by unscrupulous corporates. Acharya quit months before his term was due to end, fighting for the regulator’s autonomy.
Technology will drive the economic recovery: Tech Mahindra CEO
Need for digitalisation is on a high and so it is still advantage Indian IT industry.
Corporate FDs still attractive for seniors despite interest rate cuts
Over the last fortnight, AAA rated companies such as Mahindra Finance, Bajaj Finance, HDFC and LIC Housing Finance cut deposit rates by 30-50 basis points over all tenures.
Govt needs to understand the difference between self-sufficiency and self-reliance: Swaminathan Aiyar
‘If you create proper conditions, sectoral winners will come up on their own’
Savings disincentivised: Real interest rates slide into negative territory
The RBI has reduced its benchmark repo rate by 115 basis points between March and May to support the economy in light of the Covid-19 induced slowdown. As a result, banks have had to reduce their lending and deposit rates to adjust to the new interest rate scenario.
India was on the path to economic recovery; local lockdowns threw a spanner in the works
Risk aversion among the public at large and local lockdowns by different states and cities have contributed significantly to the slowdown in July. Uttar Pradesh has mandated a closure of all markets on weekends, while Bihar has announced a full lockdown from July 16 until the month end. Pune and Bengaluru are also on lockdown as cases have spiked.
View: Govt's recent move on coal and railways will have serious economic implications
GoI’s recent move on coal and railways is an interesting shift in strategy, especially if it is part of an overarching exercise to remove all preferences and privileges from PSUs and governmentrun businesses.
View: Economic reforms are sustained, deep and pronounced under PM Modi
Reforms have continued even as the necessary stimulus is being provided for restarting the Covid-hit economy. Reforms are sustained, deep and pronounced under PM Modi.