News of Myfaridabad Forum

Banks won't raise their lending rates in view of measures taken by the RBI to tighten liquidity in the system to stem the rupee's fall, bankers said on Tuesday.



Tue, 16 Jul 2013 19:03:47 GMT
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Bankers across the country hope the liquidity tightening measures announced by the Reserve Bank of India (RBI) are temporary and will be rolled back once the rupee stabilises.



Tue, 16 Jul 2013 11:56:52 GMT
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In a move to ease rupee volatility, the RBI came out with a slew of steps including hiking the lending rates for banks and sucking up of Rs 12,000 cr, to make the currency dearer. RBI raised lending rates to commercial banks 2 per cent to 10.25 per cent making the loans costlier.



Tue, 16 Jul 2013 03:24:25 GMT
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Oriental Bank of Commerce has slashed interest rates on term deposits of Rs 5 crore and above on select maturities by 0.25 per cent.



Mon, 15 Jul 2013 10:27:07 GMT
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Electronic filing of income tax returns is likely to jump sharply this year as the government has brought down the mandatory limit of online filing to income above Rs 5 lakh from the earlier Rs 10 lakh.



Mon, 15 Jul 2013 04:07:41 GMT
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http://articles.timesofindia.indiatimes ... p-builders

Article clearly shows Nexus between State of Haryana and Builders for Enhanced EDC. Builders have been given 3 years to pay enhanced EDC (6 half yearly installments). It benefits the builders and leads to added burden on home buyers (since they have to bear brunt of interest of 15% for 3 years, builders pass all interest to buyers), hence increasing enhanced EDC load by 45%. It ...

The Haryana government collected over Rs 15,000 crore on account of External Development Charges (EDC) in the last 12 years. Of this, it claims to have spent around Rs 9,500 crore under various heads, which still leaves the government with more than Rs 6,000 crore unspent EDC fund.
Surprisingly, of the total amount spent, Rs 568 crore has been utilised as "departmental charges" and Rs 315 crore on Metro service (Incidentally, as per a high ...

Buyers of certified green and energy-efficient homes will get home loans at lower interest rates, with a memorandum of understanding for this being signed on Friday between the Indian Green Building Council (IGBC) and National Housing Bank (NHB).



Sat, 13 Jul 2013 08:42:54 GMT
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Inclusion of three more districts would bring in better infrastructure and amenities.

Fri, 12 Jul 2013 19:10:14 GMT
Read more here... http://www.financialexpress.com/news/nc ... s/1141213/

The IIBs are designed to allow investors to guard their savings against inflation and dissuade them from buying gold. The IIBs will be issued on last Tuesday of every month.



Fri, 12 Jul 2013 14:43:06 GMT
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