Friday 18 March 2016

ECONOMIC NEWS 18 MARCH

Govt: Cuts Interest Rate On Public Provident Fund To 8.1% From 8.7%
Govt: Cuts Interest Rate On Kisan Vikas Patra To 7.8% From 8.7%
Govt: Cuts Interest Rate On 1-Year Time Deposit To 7.1% From 8.4%
Govt: Cuts Interest Rate On 2-Year Time Deposit To 7.2% From 8.4%
Govt: Cuts Interest Rate On 3-Year Time Deposit To 7.4% From 8.4%
Govt: Cuts Interest Rate On 5-Year Time Deposit To 7.9% From 8.5%
Govt cuts 5-year Senior Citizen Scheme interest rate to 8.6% from 9.3%.
Govt cuts interest rate on Girl Child Scheme to 8.6% from 9.2%.
Govt keeps interest rate on postal savings deposits unchanged at 4%.
Govt cuts interest rate on 5-year recurring deposit to 7.4% from 8.4%
H1 Govt Borrowing: April-September Govt borrowing pegged at Rs 3.55 lk cr.

 H1 Govt Borrowing: April-September Govt net borrowing at Rs 2.48 lk cr.

 Government gets Rs 330 cr bids for 3rd tranche of sovereign gold bonds.

 : Need to see how bonds by states impact the bond markets.
Anil Aggarwal
Owner & Manager at Anil Aggarwal Coaching
(A proprietorship concern for IBPS exam guidance and Bank Interview preparation)
 Mobile:                               +91 9811340788
E-mail ID:         anilakshita@yahoo.co.in
Office: Flat #49, Trilok Apartments, Patparganj, I.P. Extension, Delhi-110092.

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