Search results
Results from the WOW.Com Content Network
The rate of interest charged on loan taken by the subscriber of a PPF account on or after 12 December 2019 shall be 1% more than the prevailing interest on PPF. Public Provident Fund Scheme, 2019 has reduced the interest spread to 1 (one) percent from an earlier spread of 2 percent.
In March 2022, the EPFO lowered the interest rate of 8.10% for the fiscal year of 2021-22. On 30 August 2022, EPFO proposed to remove the restrictions on the wage ceiling and headcount to allow all formal workers and self-employed to enrol in its retirement saving schemes.
This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... India: 6.50 0.25: 8 February 2023 [45] 4.70 1.80
The discriminatory rate of interest charged on certain types of advances. Direct credit controls in India are of three types: Part of the interest rate structure, i.e., on small savings and provident funds, are administratively set. Banks are mandatory required to keep 18% of their NDTL (net demand and time liabilities) in the form of liquid ...
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
The 2014 Union Budget of India was presented by Finance Minister, Arun Jaitley on 10 July 2014,11 am. [1] This was the first budget of Narendra Modi led NDA government . [ 2 ]
The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present [income] over a dollar of future income". [1]
The tax rate is 25 percent for domestic companies. For new companies incorporated after 1 October 2019 and beginning production before 31 March 2023, the tax rate is 15 percent. Both rates apply only if a company claims no exemptions or concessions. For foreign companies, the tax rate is 40 percent (50 percent on royalties and technical services).