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Gold monetisation scheme: <strong>Interest</strong> on deposits to be tax-free

Gold monetisation scheme: Interest on deposits to be tax-free

19 May 2015

New Delhi: Seeking to mobilise idle gold worth up to Rs 60 lakh crore held by households and institutions, government on Tuesday proposed a new scheme offering tax-free interest on depositing the yellow metal with banks.

Gold Monetisation Scheme,   Gold,   Deposit Gold in Banks,   Finance Ministry,   Finance Minister,   Arun Jaitley,   Latest Business News,  
 Low <strong>interest</strong> rates important, but consumer demand key: Raghuram Rajan

Low interest rates important, but consumer demand key: Raghuram Rajan

20 May 2015

New York: Raising concern over central banks globally being pushed into "competitive monetary easing", RBI Governor Raghuram Rajan on Tuesday said lower interest rates and tax incentives can boost investments, but it is consumer demand that holds the key for pushing economic growth.

Low interest rates,   demand,   Raghuram Rajan,   central banks,   RBI Governor,   Raghuram Rajan,   Latest business news,  
Not in our national <strong>interest</strong> to have conflict with Iran: Barack Obama

Not in our national interest to have conflict with Iran: Barack Obama

15 May 2015

Washington: President Barack Obama has said it is not in the national interest of the US and Gulf nations to have an open ended conflict with Iran, asserting that they welcome an Iran that plays a responsible role in the region.

United States,   US President Barack Obama,   Iran Nuclear Program,   GCC,   Latest World News ,  
Finance Minister expects rate cut by RBI

Finance Minister expects rate cut by RBI

17 May 2015

New Delhi: Ahead of RBI's second bi-monthly monetary policy review, Finance Minister Arun Jaitley on Sunday said his "expectation" from Governor Raghuram Rajan was the same as general expectation on an interest rate cut.

Finance Minister,   Arun Jaitley,   RBI,   Rate cut,   interest rate,   Latest India news ,  
CBDT paid Rs 42,903 crore <strong>interest</strong> on tax refunds: CAG

CBDT paid Rs 42,903 crore interest on tax refunds: CAG

12 May 2015

New Delhi: The tax department has incurred an expenditure of Rs 42,903 crore on interest payments on refunds during the 6-year period ended 2013-14 without approval of Parliament, official auditor CAG said on Tuesday.

CBDT,   Tax Refunds,   CAG,   Tax Department,   Parliament,   Budget,   Finance Ministry,   Latest Business News ,  
European Union's top diplomat says destabilised Russia in nobody's <strong>interest</strong>

European Union's top diplomat says destabilised Russia in nobody's interest

06 May 2015

BEIJING: A destabilised and isolated Russia is in nobody's interests, and sanctions are only being kept in place because a truce agreement in the conflict in Ukraine is not being fully implemented, the European Union's foreign policy chief said on Wednesday.

European Union,   Federica Mogherini,   Russia,   Sergei Lakrov,   Ukraine ,   China,   Latest World News,  
Investments should be in <strong>interest</strong> of labour force: Jharkhand CM

Investments should be in interest of labour force: Jharkhand CM

01 May 2015

Ranchi: Jharkhand Chief Minister Raghubar Das said investments made in any sector should be in the interest of the labour force as both were important in the progress of the state.

Jharkhand Chief Minister,   Raghubar Das,   Jharkhand investments,   Labour day,   May day,   May 1 ,  
RIICO reduces <strong>interest</strong> rates on term loan

RIICO reduces interest rates on term loan

30 Apr 2015

Jaipur: Rajasthan Industrial and Investment Corporation (RIICO) has reduced the interest rate on term loan by 0.5 per cent with effect from April 25.New term loan's interest rate has been fixed at 11 per cent of interest after reducing 0.5 per cent, an official release on Thursday.

RIICO,   Rajasthan Industrial and Investment Corporation,   interest rates ,   loans,   Latest business news,  
Pacheco case: Court issues <strong>warrant</strong> to search Parrikar's Delhi residence

Pacheco case: Court issues warrant to search Parrikar's Delhi residence

22 Apr 2015

Panaji: A local court on Wednesday issued a warrant to search Defence Minister Manohar Parrikar's official residence in Delhi to trace former Goa Minister Francisco 'Miccky' Pacheco who is reported to be absconding for a fortnight since his conviction in a 2006 assault case.

Pacheco case,   Local Court,   Search warrant,   Parrikar Delhi residence,   Francisco Pacheco,   Defence Minister,   Manohar Parrikar,   Latest Nation News,  
PNB, IDBI Bank cut lending rate by 0.25 percent

PNB, IDBI Bank cut lending rate by 0.25 percent

06 May 2015

New Delhi: Joining the rate cut spree, two public sector lenders, Punjab National Bank and IDBI Bank, on Wednesday cut their base rates by 0.25 percent to 10 percent, which will lead to lower EMIs for its customers.

Interest rate,   Public sector banks,   Punjab National Bank,   IDBI Bank,   EMI,   Loan,  

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