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World Bank approves $1 billion aid to India to fight Covid-19

World Bank approves $1 billion aid to India to fight Covid-19

This is the largest ever health sector support from the Bank to India.


Finance ministry extends motor, health insurance validity till April 21

Finance ministry extends motor, health insurance validity till April 21

BENGALURU: In a major relief for 23 crore individual vehicle owners and 40 crore citizens, who benefit from a private or state health insurance scheme, the ministry of finance has amended the law and extended validity of insurance papers till April 21, 2020.


Savers head to safer assets on shaky markets

Savers head to safer assets on shaky markets

Experts believe that the mutual fund industry is already seeing redemption pressures.


Should you pay your EMI or avail moratorium? Find out

Should you pay your EMI or avail moratorium? Find out

The loan deferment is a welcome move for the borrowers who are facing any cash flow mismatch on account of the recent outbreak of Covid-19.


PPF, other small savings schemes see big interest rate cuts

PPF, other small savings schemes see big interest rate cuts

Govt cuts small savings interest rates for April-June by 70-140 bps The Public Provident Fund will now fetch 7.1% returns, after an 80 bps cut in its interest rate


PPF rate slashed to 7.1%, lowest in 43 years; small savings rates cut up to 1.4%

PPF rate slashed to 7.1%, lowest in 43 years; small savings rates cut up to 1.4%

The new interest rates for small savings schemes will remain in effect for the first quarter of financial year 2020-21, that is from April 1, 2020 to June 30, 2020


Coronavirus pandemic | LIC contributes Rs 105 crore to PM CARES Fund

Coronavirus pandemic | LIC contributes Rs 105 crore to PM CARES Fund

The PM-CARES Fund was set up on March 28 to raise money to deal with any COVID-19 like emergency situation and provide relief to the affected.


Covid-19 Information to Policyholders

Covid-19 Information to Policyholders

Dear Policyholders, we are committed to your safety and wellbeing. The whole nation is fighting Corona Virus COVID-19. Under these challenging circumstances, team LIC assures you that we are doing our best to ensure that critical policy services remain unaffected and you get your due payments on time.


What 3 month moratorium on repayment of term loans means for borrowers

What 3 month moratorium on repayment of term loans means for borrowers

RBI has allowed lending institutions to offer a moratorium on loan repayments.


No extension of the Financial Year, says government

No extension of the Financial Year, says government

A notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted, the government said


Tokyo Olympics to be held from July 23 to August 8, 2021

Tokyo Olympics to be held from July 23 to August 8, 2021

The 2020 Olympics have been postponed amid the global coronavirus pandemic that has brought nearly all sport to a halt worldwide.


Interest on small savings schemes to fall; should you lock it?

Interest on small savings schemes to fall; should you lock it?

Government could revise interest rates on small savings scheme by a token 25-30 basis points across products SBI pays interest of 5.9% across its FDs between one and 10 years


Your home, personal, auto loans to be cheaper! RBI minimises Coronavirus impact with repo rate cut

Your home, personal, auto loans to be cheaper! RBI minimises Coronavirus impact with repo rate cut

After today's rate cut, it remains to be seen how much impact with the recent rate cuts, it will have on the home loan and other borrowers.


RBI allows banks to put EMIs on hold for three months

RBI allows banks to put EMIs on hold for three months

The credit history of the borrower will not be impacted The RBI today cut repo rate by 75 basis points and also cut cash reserve ratio by 100 basis points


RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact

RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact

The rate cut was warranted by disruptive force of coronavirus, the central bank said.


Confused About Credit Card Dues, Home Loan EMI After RBI Announcement? Here's What it Means

Confused About Credit Card Dues, Home Loan EMI After RBI Announcement? Here's What it Means

RBI has made a one-time exception in view of the financial distress arising out of the global pandemic coronavirus and the economic havoc wreaked by the lockdown imposed to control its spread.


RBI clarifies on loan moratorium: Are credit card dues included, what happens after 3 months and other vital points you should know

RBI clarifies on loan moratorium: Are credit card dues included, what happens after 3 months and other vital points you should know

What happens to your EMI burden? Which kinds of loans will the moratorium apply to? What about the interest component? Read on


FM Nirmala Sitharaman announces Rs 1.7 lakh crore relief package for poor

FM Nirmala Sitharaman announces Rs 1.7 lakh crore relief package for poor

The FM announced a slew of measures to ease the burden on the poor who will be hit hard by the lockdown.


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