Search Results for: GST rates

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Indian banks to wait before hiking loan rates post RBIs tightening

Mumbai, Jan 29 (ANI): Top Indian bankers said that they would wait to observe inflation and market trends further, before increasing the interest rates of loans to citizens for balancing funds due to the sudden hike in repo rate by the RBI. Reserve Bank of India (RBI), surprisingly raised interest rates for lending money to commercial banks on Tuesday to dampen inflation, saying it was now better prepared to deal with the risk of major capital outflows roiling emerging economies. The RBI, however, said that if retail inflation eases as projected, it does not foresee further near-term monetary policy tightening. The hike in repo rate could have a direct impact on the lending rates of funds borrowed by the citizens from the commercial banks. Meanwhile, chief of Indian Banks’ Association, K.R. Kamath, said that banks would have to take a final call on the interest rates only after considering the burden on customers due to inflation. Jan 29, 2014
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Cong MP Sanjay Nirupam: Cut Mumbai power rates like AAP has

Mumbai, Jan 01 (ANI): Taking a chapter out of Delhi government's notebook regarding 50 per cent cut in power tariff, AICC secretary and MP Sanjay Nirupam on Wednesday demanded that Maharashtra government also reduce tariff for power consumption of less than 500 units per month in the city. Jan 1, 2014
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