State Bank of India (SBI) today sharply reduced the fixed deposit(FD) rates after RBI today cut interest rates by 75 basis points to 4.4%. The revised rates came into effect from 28th March. SBI had earlier cut interest rates on FDs on 10th March. The bank reduced domestic retail term deposit(TD) interest rates by 20
The enhancement of the basic exemption limit or the lowering of income tax rates was a much-anticipated measure from quite a long time. Budget 2020 had not disappointed the taxpayers in this regard. Even though the basic exemption limit was not changed or enhanced but an optional alternative tax regime has been introduced which has
There is some good news for the car and two-wheeler owners as far as the insurance premium of their vehicles is concerned. Insurance Regulatory Authority of India (IRDAI) has issued Order dated 27th March 2020 that the Motor Third Party Liability Insurance Cover premium rate for the year 2019-20 will stand extended beyond 31st March
Doctors, nurses, paramedics, technicians, and other health care professionals involved in the care of Covid-19 patients will get a special insurance cover of Rs 50 lakh, Union finance minister Nirmala Sitharaman announced on Thursday. “We want to attend to the front-line warriors first, not forgetting the risks that they are putting themselves in by dealing
New Delhi: Mobile handset manufacturers have claimed that the recent 50% hike in GST rate was ‘erroneously’ based on the premise that pre-GST excise duty rate was 12.5%, when it was just 2%. They sought an urgent roll back of the increase, saying it would “devastate” the sector already reeling from the impact of the
The National Payment Corporation of India (NPCI) has come out with a circular urging Indians to use digital payments, especially during the coronavirus (COVID-19) crisis. This is to reduce social contact without the exchange of cash notes and coins, therefore reducing the chance of transmission of COVID-19. NPCI, along with banks and ecosystem partners, will
New Delhi, Mar 26 (PTI) Smartphone companies Honor, Oppo and Realme on Thursday extended warranty of their products that were due to expire during the lockdown period. Consumer appliance firm Haier also announced extension of product warranty. ‘Honor today (Thursday) announced that it is extending the warranty period till June 30, 2020, for all Honor
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Finance Minister Nirmala Sitharaman in a press conference today announced several steps towards providing relief to the salaried individuals. In the employee provident fund (EPF) account, the employee’s contribution of 12 per cent plus 12 per cent of the employer’s contribution will be paid by the government for the next 3 months. Based on the
Due to the cancellation of all passenger trains until any further announcement in order to curb the spread of the novel coronavirus, shares of Indian Railway Catering and Tourism Corporation (IRCTC) were locked in the lower circuit band for the eighth consecutive day on Wednesday, down 5 per cent at Rs 816 on the BSE
