RBI cuts interest rate by 25 basis points
In a surprise move, the Reserve Bank of India has cut the key policy rate by 25 basis points, setting the tone for a reduction in lending rates by banks. This will prod banks to drop interest rates on home and car loans. The policy repo rate under the liquidity adjustment facility (LAF) is cut by... read more »
Government Eyes Rs. 1 Lakh Crore From Spectrum Auction: 10 Facts
The biggest-ever auction of 2G and 3G spectrum started on Wednesday and is likely to fetch the government over Rs.82,000 crore based on the reserve price. But analysts have said that the government will get around Rs. 1 lakh crore from the sale of radiowaves used for mobile telephony. Here is a... read more »
Black money law to allow voluntary disclosure by offenders, 300 pct penalty...
The proposed Bill on unaccounted wealth that the finance ministry will table this Parliament session will allow an opportunity for black money offenders to disclose overseas assets, pay taxes on it along with a 300% penalty in order to avoid prosecution and imprisonment. Central Board of Direct... read more »
Sensex hits 30,000-mark in a first; top 20 intraday trading ideas
NEW DELHI: The S&P BSE Sensex pared some gains after rallying as much as 434 points in trade on Wednesday to hit its fresh record highs above its psychological level of 30,000 for the first time ever. Tracking the momentum, the 50-share Nifty index also pared gains from its record high level of... read more »
