Tag Archives: Rates

GST Council Meet: Relief for common man as rates slashed for several goods

Finance Minister Arun Jaitley addresses media after 31st Goods and Services Tax Council meeting. (Photo: PTI) The Goods and Services Tax Council on Wednesday slashed tax rates for 23 commonly used items that have been reduced from 18 per cent to 12 and 5 per cent respectively, said Puducherry Chief Minister V Narayanasamy. The fresh rate rationalisation is the government’s ... Read More »

Mortgage rates drop to 2-month low—an unexpected holiday gift to housing

Americans may be losing money in their stock portfolios this week, but they are gaining purchasing power in the housing market. Mortgage rates are falling sharply, as investors head to the relative safe haven of the bond market. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury. The average rate on the popular 30-year fixed has fallen 21 ... Read More »

The best home loan rates being offered right now

A home loan is among the cheapest loans available. Photo: iStock A home loan is probably the biggest loan that one takes. Not only in terms of the loan amount, but also tenures, which can be 15 years or more. The total final amount that one pays can be double of what was borrowed. But a home loan is among ... Read More »

Smoking rates in Britain now at lowest ever level

A decade after cigarettes were banished from Britain’s pubs, clubs, bars and restaurants, smoking rates in the country have reached the lowest ever recorded, shows new research. There are now 1.9 million fewer smokers in the country compared with when the smoking ban was introduced in 2007, according to the latest figures from Cancer Research UK, a British charity. Smoke-free ... Read More »

Government looks to speed up small business rates relief

The government has stepped in to try to speed up business rate relief to thousands of small firms. Businesses in England, hit by huge hikes in their rates bills, were promised millions of pounds in support by the chancellor in March. But months on from the start of the new tax regime in April, many are still waiting for their ... Read More »

Notes Ban Impact: EMIs To Fall As SBI, Other Banks Cut Lending Rates

New Delhi: Top PSU lenders State Bank of India, PNB and Union Bank on Sunday slashed their benchmark lending rates by up to 90 basis points, a day after Prime Minister Narendra Modi asked banks to priorities their lending towards the poor and middle class. The country’s largest lender, SBI, has reduced marginal cost of funds based lending rate (MCLR) ... Read More »

Axis Bank Cuts Lending Rates By Up To 0.15%

Mumbai: Country’s third largest private lender Axis Bank on Friday announced up to 0.15 per cent reduction in its lending rates, signalling a further downward trend in borrowing costs. The Ahmedabad-headquartered bank cut its overnight marginal cost of funding-based lending rate – the most competitive offering by rates – by 0.10 per cent to 8.55 per cent. The MCLRs for ... Read More »

Axis Bank Sees Reduction In Lending Rates Post-Demonetisation

Mumbai: Axis Bank expects a dip in lending rates because of the surge in deposits which lenders are experiencing in the aftermath of the government’s move to scrap Rs 500 and Rs 1,000 notes. “The deposits are into savings or current accounts which are low cost ones. An increase in them should bring down our cost of funds,” Rajiv Anand, ... Read More »

iPhone, iPad Had Higher Failure Rates Than Android Counterparts in Q2 2016: Study

When it comes to reliability and performance, Apple iPhones and iPads are failing more often than Android smartphones, a study has revealed. According to the study global data security firm Blancco Technology Group, iOS devices had a 58 percent failure rate while Android smartphones reported an overall failure rate of 35 percent in the second quarter of 2016. It is ... Read More »

Delhi High Court Directs Ola, Uber to Charge Government Rates From August 22

The Delhi High Court on Thursday directed app-based taxi aggregators, including Ola and Uber, not to charge more than government-fixed rates from its passangers from August 22. Justice Manmohan gave 10 days to these aggregators to comply with the Delhi government’s 2013 policy, under which these cab companies were to charge fares prescribed by the Delhi Transport Department. According to ... Read More »