Business

July, 2017

• 31 July

  SBI Slashes Interest Rates on Savings Accounts With Deposits Below Rs 1 crore

  New Delhi, July 31: The State Bank of India (SBI) has cut the interest rates it offers to its savings account holders who keep deposit below Rs 1 crore. The largest bank of the country announced the new interest rate on Monday– the bank customers will get 3.5 per cent …
• 30 July

  Govt collected more than ₹2.35 lakh crore as cesses in 2016-17

  Government collected more than two lakh 35,000 crore rupees last fiscal by way of a host of cesses, including those on education, Swachh Bharat and Krishi Kalyan.   Minister of State for Finance Santosh Kumar Gangwar said this in a written reply in the Lok Sabha yesterday. He said the …
• 21 July

  India on track to grow at 7.4%: ADB

  Asian Development Bank today retained India’s growth projection at 7(point)4 per cent for the current financial year even as it raised the forecast for developing Asian region to 5(point)9 per cent.   In a supplement to its Asian Development Outlook (ADO) 2017 report, ADB revised the forecast for developing Asia …

May, 2017

• 19 May

  GST rates decided on 1,211 items, except gold

  Srinagar,  The Goods and Services Tax (GST) Council on Thursday decided the tax rates for 1,211 items with a majority of items being kept at 18 per cent, though the rates on gold and beedi remained undecided. “There is no increase in taxes of the items considered today. In fact, …
• 19 May

  Indian microfinance loans grew 26% in Q4 of last fiscal

  New Delhi,  The Microfinance Institutions Network (MFIN) on Thursday said the organised industry in this segment has grown by 26 per cent through loan disbursements in the fourth quarter of last fiscal ended March, though this growth was much slower than the 89 per cent recorded in the same quarter …