Govt sharply cuts small savings rates, PPF to get just 7.1% now

New Delhi:  The government on Tuesday steeply cut interest rates on various small savings schemes in line with sharp cut in policy rates announced by the Reserve Bank of India on Friday where it reduced repo rate by 75 basis points. Accordingly, rate on interest on small savings schemes such as the Kisan Vikas Patra, […]

21-day lockdown to derail India’s economic juggernaut: Report

New Delhi: As the Indian economy eagerly awaits a financial package to prevent the COVID-19 pandemic from causing major harm, a new report said on Wednesday that the 21-day nationwide lockdown will result in a direct output loss of nearly 4.5 per cent, with further indirect effects. Finance Minister Nirmala Sitharaman has said that the […]