Key highlights of Arun Jaitley’s Union Budget 2017-18

Key highlights of Arun Jaitley’s Union Budget 2017-18

On 1st February, 2017 the Union Budget 2017-18 was presented by the Finance Minister Mr. Arun Jaitley in the Lok Sabha. The 2017-18 Union Budget was presented amidst a somewhat wobbly backdrop of the world economy facing considerable uncertainty, increasing signs of a retreat from globalization of goods the world over, and high expectations from […]

RBI cuts Repo Rate by 25 basis points from 6.50% to 6.25%

RBI cuts Repo Rate by 25 basis points from 6.50% to 6.25%

Urjit Patel announced a 25 bps Repo rate (short-term lending rate charged by the central bank on borrowings by commercial banks) cut to 6.25 per cent today (dated 4.10.2016) in the wake of the RBI Monetary Policy review that took place for the first time in the presence of the Monetary Policy Committee (MPC) members of […]

Women SHGs will get loans up to Rs 3 lakh at 7% interest rate: RBI

Women SHGs  will get loans up to Rs 3 lakh at 7% interest rate: RBI

Reserve Bank of India (RBI) has asked banks to provide loans up to Rs 3 lakh at only 7 per cent interest rate to Women Self-Help Group (SHG under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakhs at 7 […]

IBPS PO MT VI 2016 Notification Out: See Details and Apply

IBPS PO MT VI 2016 Notification Out: See Details and Apply

IBPS has issued a notification of IBPS PO VI 2016. The online examination (Preliminary and Main) for the next Common Recruitment Process for selection of personnel for Probationary Officer/ Management Trainee posts in the Participating Organisations is tentatively scheduled in October / November 2016. The registration can be done online from July 26, 2016. Link […]

Repo Rate and CRR unchanged at 6.5% and 4% respectively

Repo Rate and CRR unchanged at 6.5% and 4% respectively

The Reserve Bank of India (RBI) kept its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday, while signalling the prospect of another cut later this year if monsoon rains dampen upward pressure on food prices. Raghuram Rajan keeps repo rate unchanged at 6.5%, CRR remains at 4%. The RBI said April inflation reading […]

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