Browsing Tag

Banks

RBI says No to 0% Interest Schemes

The Reserve Bank of India (RBI) banned the ‘zero percent interest’ rate scheme on purchase of goods/products through credit cards to protect the consumers from camouflaged interest rates. It may put impact on the sale of products during…

Rupee Recovers, as RBI hikes Interest Rates

The Reserve Bank of India (RBI) has hiked the Marginal Standing Facility (MSF) rate and Bank Rate each by 200 basis points to 10.25 percent, to curb Rupee's fall against the USD. As a result, the Rupee bounced back by 1% to trade at 59.13…

A Strike that costs India Rs 26,000 Crore

Editor's Desk: The nation of 1.2 billion came to a complete halt today, as 11 registered Trade Unions of the country went on a two-day strike to protest against UPA Government's "anti-people" policies. They achieved little, but delivered a…