Tag Archives: Rate:

Bond investors seek clarity on future rate cuts & fiscal math

Bond investors will be focussed on what the Reserve Bank of India (RBI) governor Shaktikanta Das says on future rate cuts when the monetary policy committee (MPC) announces its rate decision on Friday. The corporate tax cut by the government and unchanged borrowing plan in the second half of the year has made dealers nervous on India’s fiscal position which could limit the central ... Read More »

Higher depreciation rate may lift used-vehicles market

Besides bringing down resale value, it will lead to lower insurance premium: Industry players The doubling of depreciation rate to 30 per cent for vehicles bought until March 31, 2020, as announced by Finance Minister Nirmala Sitharaman on Friday, augurs well for the used-vehicles market, say industry players. A higher depreciation rate will mean that the resale value will come ... Read More »

Branded used car firms lobbying for lower GST rate

Used cars attract GST rate of 28% or 43% on gross margin depending on the fuel type and engine size, as is the case with new cars. Photo: Ramesh Pathania/Mint Mumbai: Big Boy Toyz, a Gurugram-based firm that specializes in selling used super luxury cars such as Lamborghinis, Ferraris and Bentleys, has put its expansion on hold because of a goods ... Read More »

GST Rate on Used Cars: Creating An Unintended Challenge for the Automotive Industry

Watching the proceedings in the central hall of the Parliament last night, one couldn’t help but feel the significance of the moment. We saw history in the making, no doubt, and a strong signal to the world that Indian reforms are well on their way. A transformation of this scale and scope is undoubtedly complex and will also be accompanied ... Read More »

State Bank Of India Cuts Lending Rate By 0.9% Across Maturities

Mumbai: State Bank of India, the country’s biggest lender by assets, said on Sunday it had cut its lending rates by 90 basis points for maturities ranging from overnight to three-year tenures, after experiencing a surge in deposits. After the move, its so-called overnight marginal cost of funds-based lending rate (MCLR) fell to 7.75 per cent from 8.65 per cent, ... Read More »

IFCI Raises Lending Rate By 10 Basis Points To 8.6 Per Cent

New Delhi: Term finance lender IFCI today said it has raised benchmark lending rate by 0.1 percentage point (10 bps) to 8.6 per cent. The company has changed its its short-term benchmark rate (IBR-ST) from 8.50 per cent to 8.60 per cent with monthly rests for lending for tenure up to three months only, IFCI said in a statement. The ... Read More »

RBI Lowers Merchant Discount Rate For Small Debit Card Transactions

Mumbai: To encourage digital transactions, the Reserve Bank today decided to slash MDR charges on payments made through debit cards and do away with levies on small transactions through mobile phones and Internet from January 1 to March 31. The Merchant Discount Rate (MDR) for debit card payments, including for payments made to government, will be capped at 0.25 per ... Read More »

iOS Sees Strongest Growth Rate in 2 Years Thanks to iPhone 7 Sales: Kantar

The latest OS sales data figures from Kantar Worldpanel ComTech reveals that iOS adoption has seen a boost in three months ending October, all thanks to the sales of the iPhone 7 and iPhone 7 Plus. Japan currently holds the top spot where iOS holds the greatest share at 51.7 percent of smartphone sales, followed by 44 percent in Great ... Read More »

Moto G4 Play Rate in India Tipped

Motorola’s Moto G4 Play may soon release in India as the telephone has proven up on import and export monitoring web page Zauba. The internet site that suggested the list first claims that the Motorola Moto G4 Play that’s indexed as the XT 1607 will launch in India at Rs. 8,999 for the 2GB of RAM and 16GB storage model. ... Read More »

HTC preference 626 dual SIM receives another rate cut integrated India

HTC released the desire 626 built-in SIM integrated India integrated February at Rs. 14,990. a few days after release the busbuiltintegrated slashed the price of the cellphone via Rs. 1,000, and now it has built-in a built-in addition price reduce of Rs. 2,000 at the cellphone. The HTC preference 626 twbuiltintegrated SIM can now be bought for Rs. eleven,990. The ... Read More »