Government Hikes Interest Rate

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  Interest Rate For 5-Year Recurring Deposit Scheme Hiked To 6.7%

  The government on Friday increased the interest rate on five-year recurring deposit scheme by 20 basis points for the October-December quarter.

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  Centre Hikes Interest Rates On Some Small Savings Schemes By Up To 0.30%

  The government on Thursday raised rates on some small savings schemes by up to 30 basis points (bps) in line with the hardening interest rate in the economy.

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  "Necessary Step In Right Direction," Says Finance Secretary On RBI Rate Hike

  The government said that Reserve Bank of India (RBI) took an imperative move by raising the key interest rate. "Necessary step in the right direction," Finance Secretary TV Somanathan told NDTV on Thursday.

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  Government Revises Interest Rate On Time Deposit Small Savings Scheme

  Currently, the government revises the interest rates on small savings schemes on a quarterly basis. The finance ministry had in September last year announced an increase of up to 0.4 per cent in interest rates applicable to small savings schemes for the October-December quarter.

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  Latest Interest Rates On General Provident Fund, Public Provident Fund, Other Schemes

  Government has announced a hike in the interest rate of General Provident Fund (GPF) for the October-December quarter. Earlier, the government had announced a hike in interest rates of small savings schemes like sukanya samriddhi scheme, NSC etc., for the same quarter.

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  Interest Rate On General Provident Fund, Other Related Schemes Raised To 8%

  The interest rate on GPF was 7.6 per cent for the July-September quarter of 2018-19.

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  US Jobless Claims Drop From Five-Month High

  Prices for US government debt were trading lower, while US stock index futures were higher. The US dollar was stronger against a basket of currencies.

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  Government Says Fed Decision Provides More Space to Emerging Markets

  Status quo of the Federal Reserve on US interest rates will provide more space to emerging economies to deal with possible rate hike in the future, the Finance Ministry said on Thursday.

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  Government Says India Prepared to Deal With US Rate Hike

  The government and the Reserve Bank of India (RBI) are prepared to deal with any eventuality arising out of the Federal Reserve's action on interest rates later this week, the Finance Ministry said on Monday.

• India's FII Debt Limit Hike Credit-Positive: Moody's

  India's measures to raise the investment limit for foreign institutional investors (FIIs) in government bonds is a positive for the country's credit profile since it will help stabilise domestic interest and currency rates, Moody's Investors Service said on Monday.

• RBI's dovish outlook soothes bond investors

  Government bonds gained on Tuesday, snapping a five-day losing streak, after the Reserve Bank of India (RBI) took the sting off an unexpected hike in interest rates with a statement that traders said signalled a more dovish stance.

• NRI deposit rate hike, spending cut, bond issue possible steps by RBI, govt

  These many be the steps announced tomorrow by government and RBI to improve capital inflows and rupee.

• Fitch revises FY12 India economic growth projection downward to 7%

  While the government had blamed the slowdown on the global downturn, India Inc has complained that the high interest rate regime in the country on account of 13 rate hikes by RBI since March, 2013, is responsible for hindering growth. Fitch said the country is experiencing a cyclical economic downturn, which has been exacerbated by the tight moneta...

• No direct link between rate hike, inflation: Pranab

  The government today said that there is no direct "correspondence" between the quantum of increase in interest rates and fall in inflation.

• Realty shares feel the heat of interest rate hike

  The government on Friday said direct tax collection has surpassed the budget estimate of Rs 3.70 lakh crore for the 2010 fiscal.