Tag: interest rates

View: Don’t shy away from running a larger fiscal deficit

Last week’s Union budget for 2021-22 targets a fiscal deficit of 6.8%. It might sound counterintuitive, but this target is too conservative. With GDP growth...

Home loan ticket size up to over Rs 26 lakh in 2020 on incentives, non-metro demand growth: Report

New Delhi: The average home loan ticket size increased to over Rs 26 lakh in 2020 despite the pandemic as Pradhan Mantri Awas Yojana (PMAY),...

Economy, earnings set to recover faster but inflation a concern: CEOs in ET poll

Mumbai: About 75% participants in an exclusive ET CEO poll said the economy and earnings are set to recover faster than expected from the pandemic-induced...

RBI likely to keep interest rates unchanged, may revise growth projections: Industry experts

The Reserve Bank is likely to keep the benchmark interest rate unchanged at its bi-monthly monetary policy review outcome to be announced on Friday, but...

Fed stands pat and repeats pledge to use all its tools to support economy

Federal Reserve Chairman Jerome Powell during a press briefing earlier this year. AFP/Getty Images The Federal Reserve on Thursday took no immediate action to help...

Futures traders aren’t betting on any Fed rate hikes by mid-2022, no matter what the Treasury market suggests, DataTrek says

The New York Stock Exchange (NYSE) is pictured on August 31, 2020 at Wall Street in New York City. Angela Weiss/Getty Images Federal fund...

RBI policy delay: RBI’s ‘reckless’ delay on policy panel holds back recovery

By Anirban Nag India’s government injected more uncertainty into the economy this week, failing to act in time to appoint members to the central bank’s...

Indians turn to saving more, push back retirement in the wake of covid-19

The covid-19 pandemic has not only claimed jobs and livelihoods for many Indians but has consequently depleted their savings as well. A report titled Bankbazaar...

Car sales need more than just a tax reform push

The debate around India’s automobile taxes reignited after a Toyota executive suggested these were blocking growth. Many have blamed the 28% GST rate, compensation cess which...

As interest rates head south, it may be time to shift your savings bank account

For instance, the State Bank of India offers 2.7% on savings accounts and ICICI Bank offers 3% on savings accounts (3.5% on balances more than...

Is stamp duty cut by Maharashtra govt enough to revive real estate demand?

In order to revive demand in the real estate sector, the Maharashtra government has reduced the stamp duty on property registration by 3% for the...

Inside the $5 billion ‘shadow’ student debt market that helps keep for-profit colleges afloat

A new report highlights the $5 billion ‘shadow’ student debt market. (Photo by Robyn Beck / AFP) Roughly 44 million Americans are coping with $1.6...

Should you take a home loan from a bank or an NBFC?

Banks are offering home loans at interest rates below 7%. Besides lower interest rates, the transmission of rates is more transparent in the case of...

Govt to announce measures to boost demand; fiscal, monetary headroom available: Sanjeev Sanyal

Asserting that economic activity is steadily coming back on track, Principal Economic Adviser Sanjeev Sanyal on Thursday said the government will undertake measures to boost...

How negative interest rates help gold act like a ‘risk-on’ asset as it pushes toward all-time high

Gold is traditionally thought of as a haven asset — a safe port in a storm. But that hasn’t stopped it from rising to a...

Don’t just consider the interest rates when taking a home loan

New customers can now get home loans at much lower rates than what was available earlier. “The sub-7% is the lowest interest rate on floating...

Most Fed officials at June meeting agreed on need to clarify what could cause them to move interest rates off zero

Most Federal Reserve officials at their meeting last month agreed that the central bank should provide more clarity to financial markets about the path of...

Don’t replace bank accounts with instant-redemption liquid funds

Liquid funds are often suggested as an alternative to savings bank accounts for parking extra cash or emergency funds as they give slightly better returns...

Loans from app-based lenders can hit you hard

All went well while the going was good. In the hurry to get easy loans, many overlooked the interest rates, penalties and the track record...