Financial News

  • Currency Revamp Countdown: Deposit or Exchange Your Rs 2000 Notes

    May 23, 2023

    After the unexpected turn of demonetisation, banning the INR  2,000 notes in India has sent shockwaves through the citizenry. The abrupt announcement has left people in a state of bewilderment, concerned about the impending chaos that lies ahead. In a twist that caught the nation off guard, the Reserve Bank…

  • Mahila Samman Bachat Patra 2023 : How to Apply, Eligibility and Benefits

    April 05, 2023

     Union Finance Minister Nirmala Sitharaman presented the Union Budget for the 2023–24 fiscal year on Wednesday. She also announced a new programme on savings for women. The Mahila Samman Bachat Patra (महिला सम्मान बचत पत्र) allows Indian women to save Rs. 2.5 Lakh at a reasonable rate of 7.5% for…

  • Bank of Baroda Reduces Home Loan Rates to 8.5%

    March 07, 2023

    Bank of Baroda, also known as BOB, recently announced a reduction in home loan rates to 8.5%. This move is part of the bank's effort to attract more customers in the highly competitive Indian banking market. The new Bank of Baroda Home Loan interest rate is applicable to all housing…

  • Repo Rate Stands at 6.50% post 0.25% Hike, Announces RBI

    February 08, 2023

    The Monetary Policy Committee (MPC) of India met for the first time since the Union Budget 2023 was delivered by the Indian Finance Minister, Nirmala Sitharman. The MPC meeting went from February 6th to February 8th, delivering the news of the repo rate hike by 0.25 basis points (BPS). This…

  • Budget 2023: Compare New vs Old Tax Regime for Best Option

    February 08, 2023

    Finance Minister Nirmala Sitharaman has released the first Budget for Amrit Kaal 2023-24, which promises to be a budget like no other. While continuing the plans outlined in the previous Budget, Sitharaman outlines a plan for promoting sustained economic growth for the next 25 years as India aims to reach…

  • Government Increasing PMAY Funds to INR 79,000 Crore in Budget 2023

    February 03, 2023

    Finance Minister of India, Nirmala Sitharaman, in her Union Budget 2023 speech, announced that the Pradhan Mantri Awas Yojana 2023 is being allocated funds worth INR79,000 crores. This 66% hike from the last year’s allocation of INR 48,000 crores is perceived as the Indian Government’s commitment to ensure the building…

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