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Interest paid on new State Savings to increase for first time in 16 years

Irish Independent 26 Mar 2023

This is a 10-year product.If the National Solidarity bond is held for 10 years the total return is 16pc, but on an annual equivalent rate (AER) basis the return for new Solidarity Bonds is 1.5pc a year.The six-year Instalment Savings rate is going from 0.63pc a year for ones ...

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SBI and HDFC Bank discontinuing special fixed deposit schemes from March 31

Live Mint 26 Mar 2023

In case of premature closure of Fixed Deposit booked in the above offer (including sweep in / partial closure) post 5 years, the interest rate will be 1.25% below the contracted rate or the base rate applicable for the period the deposit has remained with the bank, whichever is lower.”  .

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Enterprises in financial distress

The Saigon Times 26 Mar 2023

and the EU had to agree to secure a loan of VND10 billion with an annual interest rate of over 9%, instead of 5-6% as in previous years, said its director ... High interest rates impede enterprises’ operations ... However, borrowers still asked bankers to slash interest rates further, as the rates remain high under the current circumstances.

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Long Walk to Price Stability

This Day 26 Mar 2023

James Emejo writes that the decision of the Central Bank of Nigeria to further hike the benchmark interest rate against analysts’ expectations, remains the most viable option at the moment amid murky local and global headwinds ... For instance, between April and August, the rate of increase in inflation was about five per cent.

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Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 March 2023

Urdu Point 26 Mar 2023

All updated rates according to the open market currency rates. Today currency rate in Pakistan according to international currencies as of 26th March 2023 ... Today Currency Rate in Pakistan ... You can also check the current Gold Rates in Pakistan, Open Market Currency Rates, Interbank Currency Rates and Foreign Exchange Forex Rates.

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SBP expected to raise its policy rate by up to 200bps in early April

Dawn 26 Mar 2023

Despite government’s claims that all prior conditions of the IMF have been met except foreign exchange reserves, the central bank is expected to raise the interest rates by up to 200 basis points in its next monetary policy meeting, analysts and financial sector experts said on Saturday.

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Women in Delhi having children at a later age: Govt survey

Indian Express 26 Mar 2023

According to the survey, there has also been a declining trend in the fertility rate over the years in the capital \u2014 the total fertility rate (TFR) was reported to be at 1.4 in 2020 as compared to 2012 when it was 1.8 ... The survey shows how the peak period of fertility rate transitioned from the 20-24 age group to the 25-29 age group.

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Jobless rates steady in region

The Times & Democrat 26 Mar 2023

Unemployment rates remained relatively unchanged in The T&D Region in February, according to S.C ... Bamberg County’s rate fell to 5.8 percent in February, down from 5.9 percent in January. It had the third-highest unemployment rate of the state’s 46 counties in February. Orangeburg County’s rate stayed the same in February at 5.2 percent.

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Interest rates on some State savings product to rise

RTE 26 Mar 2023

The interest rates on a range of medium to long-term State savings products are to increase, on foot of several hikes of European Central Bank interest rates since last July. New issues of State Savings Fixed Rate, Savings Certificates, Instalment Savings and 10 Year National Solidarity Bond products are to take place.

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Investors who accumulate stocks on dips in H2 will be in a king position: Vinod Nair

The Times of India 26 Mar 2023

We can expect the rates to peak in the next couple of months ... However, this case is a bit precarious because the central bank has no option but to reconsider its hawkish policy and maintain the rates high to curb inflation ... The rates were steeply increased; Fed hiked by 475 bps in just 12 months, a historic jumbo.

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The Spring Homebuying Season Is Supposed to be Busy. So Where Are the Listings?

Barrons 26 Mar 2023

Such shoppers aren’t referring to mortgage rates ... Mortgage rates in recent weeks have pulled back, but are still well above year-ago levels—not to mention the historic lows set earlier in the pandemic ... Mortgage rates have dropped in the wake of bank sector tumult and the Federal Reserve’s 0.25 percentage point rate hike.

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New tax regime, other rules to roll out from April 1. Here's what taxpayers need to know

Live Mint 26 Mar 2023

The tax rates which a taxpayer needs to pay on their income and income from other sources will be changing from April 1st, 2023 ... The highest tax rate of 30% will be levied on income above ₹15 lakh.3. The surcharge rate has been reduced to 25% from 37% under the new tax regime for individuals earning more than 5 crores.

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Govt caps maximum GST cess rate on pan masala, tobacco

The Siasat Daily 26 Mar 2023

The government has capped the maximum rate of GST compensation cess that would be levied on pan masala, cigarettes and other forms of tobacco and linked the highest rate to their retail sale price. The capping of the cess rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha last Friday.

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Rates of food items increasing with every day passing without any check

Urdu Point 26 Mar 2023

During a visit to the markets to check the food items' rates and compare it with the government rates issued by the district administration, it is clearly evident that the rates of food items are increasing with every passing day during the holy month of Ramadan ... rates from Rs.

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States cranking out even more tax cuts amid cash surpluses

Dothan Eagle 26 Mar 2023

Greg Gianforte recently signed a $1 billion package of bills passed by the GOP-led Legislature that will provide both income and property tax rebates, reduce the top income tax rate and increase income tax credits for lower-income working families ... “This is simply slowing down the rate of growth for tax revenue.”.