by AIP Online Bureau | Mar 22, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security, Workplace/Employee Benefits
Finance Minister Nirmala Sitharaman cited the comparative prevailing interest rates of other schemes saying Sukanya Samriddhi Yojana offers 7.6 per cent, Senior Citizen saving scheme (7.4 per cent) and PPF (7.1 per cent), while SBI’s 5-10 year fixed deposits...
by AIP Online Bureau | Feb 10, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation
Shaktikanta Das,governor, Reserve Bank of India The monetary policy committee (MPC) held the lending rate, or the repo rate, at 4%. The reverse repo rate, or the key borrowing rate, was kept unchanged at 3.35% “Overall, taking into consideration the outlook for...
by AIP Online Bureau | Jan 27, 2022 | Eco/Invest/Demography, International News
U.S. central bank chief Jerome Powell “The committee is of a mind to raise the federal funds rate at the March meeting assuming that the conditions are appropriate for doing so,” Powell said in a news conference, pinning down a policy statement from the...
by AIP Online Bureau | Dec 31, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the fourth quarter as well New Delhi:The government on Friday kept interest rates on small savings...
