Tag Archives: Rates

GST Rates: Used Cars To Get Cheaper As Latest GST Council Meeting Slashes Rates

The GST council has lowered GST rates on used cars by 10-16 per cent Highlights GST rate on used cars has been lowered as per the category Small used cars benefit more with the GST rate lowered from 28% to 12% Cess has been abolished completely on ambulances by the GST council Ahead of the Budget 2018, the GST Council ... Read More »

‘Higher GST rates will turn buyers away from organised used-car market’

GST does not discriminate between new and used cars Players may not be able to increase prices for fear of losing customers CHENNAI, JULY 14:   High GST rates on used cars have hit margins of organised players in the business. GST does not discriminate between new and used cars as the rates are the same. So pre-owned car dealers in ... Read More »

Notes Ban Impact: EMIs To Fall As SBI, Other Banks Cut Lending Rates

New Delhi: Top PSU lenders State Bank of India, PNB and Union Bank on Sunday slashed their benchmark lending rates by up to 90 basis points, a day after Prime Minister Narendra Modi asked banks to priorities their lending towards the poor and middle class. The country’s largest lender, SBI, has reduced marginal cost of funds based lending rate (MCLR) ... Read More »

Axis Bank Cuts Lending Rates By Up To 0.15%

Mumbai: Country’s third largest private lender Axis Bank on Friday announced up to 0.15 per cent reduction in its lending rates, signalling a further downward trend in borrowing costs. The Ahmedabad-headquartered bank cut its overnight marginal cost of funding-based lending rate – the most competitive offering by rates – by 0.10 per cent to 8.55 per cent. The MCLRs for ... Read More »

Axis Bank Sees Reduction In Lending Rates Post-Demonetisation

Mumbai: Axis Bank expects a dip in lending rates because of the surge in deposits which lenders are experiencing in the aftermath of the government’s move to scrap Rs 500 and Rs 1,000 notes. “The deposits are into savings or current accounts which are low cost ones. An increase in them should bring down our cost of funds,” Rajiv Anand, ... Read More »

iPhone, iPad Had Higher Failure Rates Than Android Counterparts in Q2 2016: Study

When it comes to reliability and performance, Apple iPhones and iPads are failing more often than Android smartphones, a study has revealed. According to the study global data security firm Blancco Technology Group, iOS devices had a 58 percent failure rate while Android smartphones reported an overall failure rate of 35 percent in the second quarter of 2016. It is ... Read More »

Delhi High Court Directs Ola, Uber to Charge Government Rates From August 22

The Delhi High Court on Thursday directed app-based taxi aggregators, including Ola and Uber, not to charge more than government-fixed rates from its passangers from August 22. Justice Manmohan gave 10 days to these aggregators to comply with the Delhi government’s 2013 policy, under which these cab companies were to charge fares prescribed by the Delhi Transport Department. According to ... Read More »

Uber Says Sexual Assault Rates Low, Disputes Report

Uber hit back against a news story alleging that scores of passengers had filed rape complaints, releasing data showing only a small fraction of the alleged number of sex assault reports. In a blog post late Sunday, the global ridesharing giant said its analysis showed a “legitimate claim of sexual assault” in 170 cases between December 2012 and August 2015. ... Read More »

Negative Rates Would Apply for $201 Billion of Reserves: BoJ

Tokyo: The Bank of Japan (BoJ) on Tuesday said negative interest rates will apply to about 23 trillion yen ($201 billion) of total reserves, based on estimates of current account deposits held with the central bank in January. About 206 trillion yen of the deposits parked in BoJ accounts by financial institutions will be paid a 0.1 per cent interest, ... Read More »

BoJ Launches Negative Rates, Already Dubbed a Failure by Markets

Tokyo: The Bank of Japan’s negative interest rates came into effect on Tuesday in a radical plan already deemed a failure by financial markets, highlighting Tokyo’s lack of options to spur growth as global markets sputter. The central bank, which announced the shock decision on January 29, will charge banks 0.1 per cent for parking additional reserves with the BoJ ... Read More »