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Centre to infuse Rs 5000 Crore in Public Sector Banks by end of march,31st – The Indian government has decided to infuse the fresh round of Capitalization with additional capital of about Rs 5,050 crore in some public sector banks including UCO Bank and Syndicate Bank by end of this march 2016. Other Public Sector Bank […]
EPF Rate Hiked by 0.05% For Year 2015-16 to 8.80% as compared to 8.75% in 2014-15, Government announced the hike in rate on various deposits. Government has reduced the Interest Rate on various other deposits like Kisan Vikas Patra (KVP) by 25 basis points. They have left the interest rate unchanged on other deposits like public provident […]
Economic Survey Highlights – Finance ministry’s chief economic adviser Arvind Subramanian has presented the Economic Survey forecast for 2015-16 which pegs the growth at 8%. India’s economic survey has forecast the growth at more than 8 per cent for the next fiscal. It is also said that Inflation has fallen 6% Point since 2013. Economic Survey […]
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