Fixed Deposits are the most traditional form of savings popular amongst Indians due to guaranteed returns, low risk and security.

Government proposes no registration charges for electric vehicles, Microsoft to end support for Windows 7 from January 14 next year, US plans to cap H-1B visas to deter India's data storage norms and other news on News Blast.

US plans to cap H-1B visas to deter India's data storage normsThe United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told Reuters, widening the two countries' row over tariffs and trade. The plan to restrict the popular H-1B visa programme, under which skilled foreign workers are brought to the United States each year, comes days ahead of U.S. Secretary of...

The private sector lenders revised the interest rates on various maturities by 10-25 basis points for deposits under Rs 2 crore

While the MPC slashed policy rates to spur investments, the CMIE noted the past data does not indicate lower interest rates encouraging higher investments from companies.

The CMIE review said that investment demand is likely to be weak. The review also added that India achieved its fiscal deficit target for 2018-19 by reducing fiscal management to a \"numbers game\".

Higher vegetable and food prices led to the fourth consecutive monthly increase in retail inflation, which is calculated on the basis on Consumer Price Index

The decision to form a committee tp review ATM interchange fee structure was taken at the seventh bi-monthly meet of RBI's Monetary Policy Committee increase ATM deployment in areas lacking in banking facilities.

Worried that the ongoing GDP growth deceleration may pick up pace, some states are favouring a reduction in tax rates in the upcoming GST Council meeting. The highest tax bracket of 28% currently comprises 28 goods.

The effective repo-linked lending rate (RLLR) for CC/OD customers stood at 8 per cent now, while for savings deposits above Rs 1 lakh the new rate would be 3 per cent

HDFC's move to appoint MSKA & Associates comes after the RBI earlier this week banned the audit firm SR Batliboi & Company, a member firm of EY, for one year from auditing commercial bank books, after RBI found lapses in a statutory audit.

On the concerns surrounding NBFCs, the brokerage said lending by such companies grew sharply in recent times and stood at 26 per cent in third quarter of 2018, which has slipped to 20 per cent in the succeeding quarter, and is expected to slow further.

The 30-share Sensex cracked 553.82 points, or 1.38 per cent, to settle at 39,529.72, while the broader NSE Nifty plunged 177.90 points, or 1.48 per cent, to end at 11,843.75.

The State Bank of India had taken the lead in linking the interest rate applicable on savings account deposits over Rs 1 lakh as well as its short term loans to the RBI repo rate with effect from May 1 to ensure faster monetary transmission

The G20 surveillance note released by the International Monetary Fund (IMF) staff said that the \"recent manufacturing indicators point to a tentative rebound in the emerging Asian and Latin American nations except India.\"

The second bi-monthly Monetary Policy Statement of the current fiscal projects the GDP growth rate at 6.4-6.7 per cent till September but expects it to pick up pace to as much as 7.5 per cent in the second half of the fiscal