Centre looks to cut GST rates as car sales slump persists in August

New Delhi: The Union government has finally decided to bite the bullet on a tax cut for the automobile sector, on a day the industry reported the worst August for passenger vehicles in 18 years. Dispatches to dealerships during the month plunged... Read more

Auto Industry Welcomes FM’s Support To Revive Auto Sales; Expects Relief On GST Rates

After the complete mayhem concerning the unprecedented slowdown in the Indian auto industry, it looks like there’s a silver lining. Finance Minister- Nirmala Sitharaman today announced several sops for the auto industry in the post budget revival plan while reviewing the... Read more

Trump says economy would take off like ‘a rocket ship’ if Fed cut rates, ending tightening policy

President Donald Trump said Friday the U.S. economy would climb like “a rocket ship” if the Federal Reserve cut interest rates. Commenting after a strong jobs report for March, Trump said the Fed “really slowed us down” in terms of economic... Read more

Personal loan interest rates, EMIs and charges – A ready reckoner

Photo: iStock Personal loans are a way to use tomorrow’s income today, and unlike other loan products such as to buy a house or pay for an education, the process involved is simple. In fact, if you already have an... Read more

RBI to hike rates again by year-end, August still in play: Poll

The Reserve Bank of India (RBI) is expected to raise interest rates again in the final three months of this year, according to a Reuters poll of economists, but over one-third of them predicted a hike as early as at... Read more

GST Council cuts tax rates on 29 items, discusses simpler return-filing process

The Goods and Services Tax Council (GST Council) on Thursday cut tax rates on 29 products and 54 services at its 25th meeting and agreed to make the process of filing tax returns simpler. At the meeting chaired by finance... Read more

These Are The Interest Rates Paid By SBI, ICICI Bank, HDFC Bank On Your FDs

FD interest rates vary across banks and on the basis of their tenures. Bank fixed deposits (FDs) are one of the most popular savings instruments. However, FD interest rates vary across various banks and on the basis of their tenures.... Read more

Rupee falls 14 paise to 64.52 as RBI keeps rates unchanged, raises inflation forecast

The rupee weakened further by 14 paise to close at 64.52 against the US dollar after the Reserve Bank decided to keep rates unchanged and raised the inflation forecast on Wednesday. Besides, heavy capital outflows in anticipation of rate hike... Read more

Fear of higher rates is what’s really scaring the stock market

A bearish run-up in interest rates spooked the stock market Wednesday, and while a major shakeout may not yet be in the cards just now, analysts say it’s a sign of things to come as the world’s major central banks... Read more

GST Rates: Planning To Buy A Car? Here’s How GST Will Affect Your Plans

HIGHLIGHTS There will be a standard 28 per cent tax on all vehicles + Cess SUVs and luxury cars will become cheaper with GST rates Hybrids will become more expensive EVs will get cheaper after GST launch Right now, the... Read more