savings

  1. Tata Steel launches Carbon Bank

    Jamshedpur: Private steel company Tata Steel has recently launched a carbon bank, a virtual repository through which carbon dioxide will become a value-creating asset for future use, a company statement said here on Wednesday. Went.CO2 emitted due to the use of various fossil fuels in industry...
  2. ER saved electrical energy worth over Rs 12 crore in first quarter of 2024-25: Officials

    Kolkata: Eastern Railway saved electrical energy worth over Rs 12 crore in the first quarter of 2024-25 by using comprehensive measures to save traction and non-traction energy, an official said on Monday.He said that through regeneration of energy by three-phase engines, the...
  3. Indian Overseas Bank launches upgrade facility on savings scheme

    CHENNAI: Public sector Indian Overseas Bank has unveiled several upgrade features on its savings scheme that provide enhanced features to its customers, a top official has said.The city-headquartered bank said the initiative was in the backdrop of simplifying banking processes by leveraging...
  4. Ali Merchant talks about his struggles: 'I had to sell my car because I couldn't pay the EMI'

    Ali shared: “I had to sell my car because I was not able to pay the EMIs, and there came a time when only Rs 50 thousand was left in my account and all my savings were gone. Made a very bad impression, but I dedicated 3-4 years to learning music theory and DJing.The actor, known for his roles...
  5. Finance Ministry announces 7.1 percent interest rate for PF schemes of central government employees

    "For general information, it is announced that during the year 2024-2025, interest on credit of customers of General Provident Fund and other similar funds will be charged at the rate of 7.1 per cent," the Finance Ministry said in a circular on July 3. The percentage will be effective from July...
  6. The Ultimate Guide to PPF: Understanding Its Benefits and Returns

    VMPLNew Delhi [India], July 2: Public Provident Fund or PPF is a very reliable and popular investment tool meant for long-term saving of your hard-earned money. Undoubtedly, PPF is a reliable small investment and savings plan that allows people to preserve their liquid money to achieve...
  7. What is NPS and its benefits?

    VMPLNew Delhi [India], July 2: Financial security during retirement is a growing concern today. This is where options like the National Pension System (NPS) arise to the individuals. seeking stability and comfort during their golden years. With its structured approach and various benefits, NPS...
  8. Interest rates for small savings schemes like PPF, Kisan Vikas Patra and others to remain unchanged for Q2 FY25

    New Delhi [India], The government has decided to keep interest rates unchanged for various small savings schemes for the second quarter of the financial year 2024-25, the Finance Ministry said on Friday.This decision applies to the period from July 1, 2024 to September 30, 2024. The rates will...
  9. Interest rates on small savings schemes to remain unchanged for the second quarter of FY 2025

    New Delhi, The government on Friday left interest rates on various small savings schemes unchanged for the quarter starting July 1, 2024.“Interest rates on various small savings schemes for the second quarter of FY 2024-25, beginning July 1, 2024, ending September 30, 2024, remain unchanged...
  10. Seven years of GST have reduced taxes and improved lives of 140 crore Indians: PM

    In New Delhi [India], Prime Minister Narendra Modi praised the seven-year journey of the Goods and Services Tax (GST). Citing a news report, the Prime Minister tweeted on social media platform 'X' that GST has improved the lives of 140 crore Indians."For us, the reforms are a means to improve...
  11. ESAF Bank's Dabba Savings A/C campaign shines at Cannes Lions; Promotes financial inclusion

    New Delhi, ESAF Small Finance Bank's Dabba Savings Account campaign has received global recognition and has won a bronze medal under the Sustainable Development Goals category at the Cannes Lions, said K Paul Thomas, its Managing Director.The campaign aims to promote financial inclusion, which...
  12. SBI Chairman advocates tax relief on interest income in the budget

    New Delhi: State Bank of India Chairman Dinesh Kumar Khara has pitched for tax relief on interest income, saying it will help banks mobilize savings which can be used to finance long-term infrastructure projects.Currently, banks are required to deduct tax when the interest income on deposits...
  13. Home Loan Made Accessible: Bank of Maharashtra Maha Super Housing Loan Scheme for Every Indian Home Buyer

    Providing maximum repayment periodAn additional notable benefit for borrowers is the extended repayment period of the scheme. It offers a repayment tenure of up to 30 years or up to the age of 75 years, facilitating long-term financial planning and management.Concessions on various types of...
  14. Launch of Infinite Multistate Credit Cooperative Society: A new era in financial services

    By Navnath Avtade, FounderToday marks an important milestone in the journey of financial inclusion and cooperative banking with the launch of Infinite Multistate Credit Cooperative Society. As the founder of this ambitious venture, I feel extremely proud and excited to present to you an...
  15. Launch of Infinite Multistate Credit Cooperative Society: A new era in financial services

    VMPLNew Delhi [India], June 4: Today marks an important milestone in the journey of financial inclusion and cooperative banking with the launch of Infinite Multistate Credit Cooperative Society It is a stone of. , As the founder of this ambitious venture, I feel extremely proud and excited to...
  16. ABC of Banking: Current Account vs Savings Account – What differentiates them?

    New Delhi [India], May 22: In the field of banking, two basic types of accounts reign supreme: savings account and current account. While both serve as safe harbors for your finances, it is important to understand their nuances to make informed decisions about managing personal or business...
  17. Household savings likely to rise in FY24: Report

    Mumbai: Household savings are likely to increase in the financial year 2023-24, a branch of the domestic rating agency said on Tuesday.CRISIL Market Intelligence and Analytics said there are "early indicators" that suggest household savings will revive in FY2024, while the growth in household...
  18. Need to reconsider pouchification of F&O business to protect household savings: CEA

    New Delhi: Cautioning against investing domestic savings in futures and options trading, Chief Economic Advisor V Ananth Nageswaran on Saturday said there is a need to rethink the satisfication of F&O trading as it requires different financial literacy. it occurs.Speaking at CII's Annual...
  19. Oyo to re-file its IPO papers after refinancing existing debt

    Oravel Stays Ltd, which operates travel-tech company Oyo, is close to finalizing its refinancing plans, where the company is looking to raise $350-450 million (Rs 2,908.5 crore to Rs 3,739.5 crore) by issuing bonds. is the estimated interest rate. 9-10 per cent per annum, sources told IANS on...
  20. UAE: 'Zaywan' set to generate savings of up to AED1 billion

    Dubai [UAE], Abdulaziz Al Ghurair, Chairman of the UAE Banks Federation (UBF), confirmed that the national household card scheme, Jaywan, is set to generate substantial financial savings for many companies and retailers across the country, which will The amount is 1 billion. Al Ghurair...