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Central banks may reverse rate hikes in 2023 to escape slowdown: SBI Central banks across the globe may unwind the key interest rates as inflation starts to cool down and prospects of a slowdown become starker, the State Bank of India (SBI) said in a report, according to IANS. “With the prospect of a global ...

SBI, HDFC Bank, ICICI Bank FD interest rates vs Post Office Term Deposit rates [ad_1] In keeping with the economy’s rising interest rates, the government increased interest rates on several small savings deposits including post office term deposits for the January-March 2023 quarter. The government determines the interest rates for various savings schemes every three months. For those who are ...

Govt may tweak rules for long-term cap gains tax [ad_1] (This story originally appeared in on Jan 02, 2023) MUMBAI: There are indications that the government may rationalise the long-term capital gains (LTCG) structure in the forthcoming Budget. If done, it could bring parity between same asset classes — both in terms of tax rates and duration of holding. Currently, ...

Rupee at 82.5750, gains on speculators bets, lack of cash dollar demand By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was trading higher against the U.S. dollar on Monday, helped by likely position building and lack of cash dollar demand, traders said. The rupee was at 82.5750 per U.S. dollar by 10:50 a.m. ...

PMVVY Deadline: Last date for higher EPS pension, PAN-Aadhaar linking, investing in PMVVY, other money deadlines of 2023 [ad_1] We would not want to repeat the mistakes of the previous year in the new year. This is especially true of things related to money. To keep you on top of your money game, we have collated a list of the ...

10 smart money moves to improve your finances, make you richer in 2023 [ad_1] After a volatile year for stock markets, unexpectedly great returns from gold and property and tepid returns from debt instruments, investors are filled with cautious optimism about the new year. ET Wealth reached out to experts to know what investors should do in 2023 to get ...

How to utilise additional income effectively [ad_1] Aradhana is a 40-year-old woman who has recently gone back to work after almost seven years of being a stay- at-home mom, now that her children are older. Aradhana and her husband are excited about having extra money, which will allow them to do all the things that they had to forego when ...

Poonawalla Fincorp: 4 reasons it is this week’s stock pick [ad_1] Improved net interest income, focused AUM growth and provisioning reversal helped NBFC Poonawalla Fincorp report healthy profitability in the second quarter of 2022-23. It reported a PAT of Rs.163 crore that grew 70.8% y-o-y and a highest-ever RoA of 3.6%. Post-acquisition of the controlling stake by the Poonawalla group, ...

Indian Bank unveils QR bill-based payment system for CESC-Mysuru Public sector Indian Bank on Sunday said it has unveiled QR code bill payment system for Chamundeshwari Electricity Supply Corporation Ltd (CESC) making it as the first power distribution company to offer such an initiative to customers in Mysuru. By using the dynamic QR code linked ...

UPI processes record 7.82 bn transactions in December, ends 2022 on a high India’s flagship payment platform, the Unified Payments Interface (UPI), ended the 2022 calendar year on a high note as the volume of transactions touched a record 7.82 billion in December, amounting to Rs 12.82 trillion, again a record high. Data released by ...