The RBI is going to simplify process flow through a new "on-device" wallet for small value UPI transactions. The Central Bank is also going to launch a UPI-based payment product for feature phone users.
The unchanged repo rate will help maintain status quo on the prevailing low interest rate regime for some more time. This works well the home loan borrowers as the environment of affordability will continue.
The status quo on the policy rate comes as a relief to those servicing EMIs on home loans and car loans as they will continue paying the same rate of interest as applicable to them currently.
This is the ideal time to calmly walk through your portfolio, perform a risk assessment, make a sensible portfolio adjustment and keep the excess cash at an appropriate asset class
Capital gain or loss can only arise when there is a ‘transfer’ of capital asset. Fixed deposits made with an NBFC cannot be transferred for a consideration.
If you are confused about which one to opt for between the group insurance and personal health policy while claiming reimbursements, the choice remains with the individual and the amount of claim.
Digital gold is an affordable medium to own and save with gold without the trouble of physically handling and storing the asset, SSFB said in a statement.
The RBI policy meeting comes against the backdrop of uncertainty around the Omicron virus on the one hand and the US Fed continuing to sound hawkish and markets pricing in accelerated tightening globally on the other.
DSP Nifty Midcap 150 Quality 50 ETF follows a zero-bias, rule-based strategy by replicating the Nifty Midcap 150 Quality 50 Index, without fund manager 'thinking' or emotions involved.
Addressing a virtual press conference, Chugh said it is difficult to estimate the likely impact of the Omicron variant of Covid-19 on India’s life insurance industry at present, and his company is now back to “scenario planning”, which the insurer has been doing in the last 18 months.
The repo rate is currently at an all-time low of 4%. The repo rate is likely to remain in the 4-5% range for some time now, given the prevailing macroeconomic scenario.
There are pros and cons of both options. In favour of the loan are the facts that interest rates are low currently and you will be able to get a cheap loan.