Do senior citizens with income less than Rs 5 lakh need to pay tax on FD interest income?
You are eligible for a basic exemption of Rs 3 lakh plus a tax rebate under Section 87A on taxable income up to Rs 5 lakh for the financial year 2019-20.
HDFC lowers lending rates by 10 bps to 8.25%
The rate cut by the largest mortgage lender comes following a cumulative 1.35 percent rate reductions by the Reserve Bank since February.
India wants data localisation in RCEP for security interests
Interestingly, although the FSA was negotiated by the RBI, the contact point for the FSA is the commerce ministry and not the central bank.
Haryana Assembly polls: BJP releases manifesto, promises interest free crop loan
The Bharatiya Janata Party (BJP) released their election manifesto for Haryana Assembly polls. Chief Minister Manohar Lal Khattar, BJP natio...
Tax query: How is the interest paid on borrowings taxed?
Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
Where to invest now when interest rates are falling
A look at the options available to senior citizens/retirees who depend on it to meet their financial needs.
Indian Overseas Bank to revise interest rates from November 1
The decision to revise the lending rates follows the Reserve Bank of India reducing the Repo rate by 25 basis points.
State Bank of India cuts interest rates on savings accounts, fixed deposits
This is a U-turn from the bank’s stance in August, where it had stated that it will keep interest rates on savings account unchanged.
Wall Street week ahead: Bruised US banks expected to report third quarter earnings decline
The biggest US banks will report a 1.2 per cent decline in third-quarter earnings.
Weak US producer prices support another Fed interest rate cut
The weak producer inflation readings reported by the Labor Department on Tuesday came against the backdrop of a slowing economy.
Pharma cos need to quickly learn how to balance interests of investors and patients
Lapse in ensuring patient safety is becoming a reason for erosion of shareholder wealth.
Central Bank of India reduces repo-based lending rate by 25 bps
After the Reserve Bank of India cut the repo rate for the consecutive time this year on Friday, many banks too have followed suit and reduced interest rates on their loans.
Bank of Maharashtra cuts MCLR by 10 bps
The lender has also cut down the repo linked lending rate (RLLR) by 0.25 per cent to 8.20 per cent from 8.45 per cent earlier with effect from October 8.
Best home loan: How to maximise benefits in new interest rate regime
Find out how to select the right lender and optimise benefits under the new regime.
Inflation likely to surge in Sept, but won't 'bring tears' to RBI
Economists in a Reuters poll said the central bank was not yet done with interest rate cuts.
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