Tag: rate
Japan’s economy shrinks at record rate, slammed by pandemic
Japan's economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according...
Small Finance Banks offering higher interest rates than commercial banks
Bank FD is considered as the most preferred investment instrument to invest your hard-earned money as it is considered safer as compared to investments in mutual funds. Recently after the Reserve Bank of India (RBI) cut the repo rate in its Monetary Policy Review meet, all top lenders including the State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, and others started cutting down their FD rates. The time limit for FD's is from 7 days to 7 years.
After World Bank, IMF gave shock to Modi government, reduced growth...
The International Monetary Fund (IMF) has once again slashed estimates for India's growth rate in FY 2019-20. According to the latest IMF estimates, India's GDP will grow at 6.1 percent this year. It was earlier estimated to be 7.3 per cent in April.
