Sunday, 29 May, 2022
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TopicInterest rates

Topic: interest rates

EPFO interest rate for 2021-22 reduced to 8.1%, lowest in over 40 years

In March 2020, EPFO had lowered the interest rate on provident fund deposits to a seven-year low of 8.5% for 2019-20, from 8.65% provided for 2018-19.

RBI’s double-edged decision — not hiking rates helps govt borrow, but runs inflationary risk

Lack of dedicated debt agency leads to conflict between managing govt debt and inflation. RBI chose former, but rate hike would have helped normalisation, attracted foreign funds.

Growth is a big help but India also needs to account for jobs, poverty, health, environment

Modi govt’s approach in Budget may bring growth for few years, despite slowing world economy, rising rates. But problems in areas including education won’t just vanish automatically.

India’s uncertain growth trajectory makes it tough for RBI to tinker with interest rates

There are some early signs of moderation in inflation and a pick-up in growth, but RBI is likely to monitor growth and inflation before a decision on changing rates.

Inflation will moderate — 5 reasons why you should not worry too much about high prices

The May inflation figure may be somewhat inaccurate, with the rise appearing to be mainly due to higher global crude oil prices, commodity prices, and supply-side disruptions.

Manage govt interest burden or prevent price rise? RBI faces tough balancing act

New G-SAP tool is RBI’s way of keeping govt’s interest burden low. But amid inflation concerns, it also has to raise interest rates to prevent price rise.

Why interest rates are losing their relevance around the world

Economists have recommended Switzerland’s central bank put less emphasis on interest rates. There’s a lesson for the rest of the world, too.

Inflation targeting has worked for India, it is one of Modi govt’s defining achievements

Under 2016 RBI Act, govt needs to review the inflation target next year but not its framework. Yet, there’s a growing clamour to scrap the system.

Govt slashes small savings scheme rates up to 1.4% for April-June quarter

Term deposits of 1-3 years will now fetch an interest rate of 5.5%, down from 6.9%, while the five-year term deposit will earn 6.7% instead of 7.7%.

Lesson from Black Death: Coronavirus will transform economic life for longer than we expect

Even if 1% of infections prove fatal eventually, Covid-19 will likely cast a lasting shadow on behaviour, preferences, prices and yes, interest rates.

On Camera

YourTurn

Illustration by Prajna Ghosh | ThePrint

How women break the India-Pakistan wall over WhatsApp, biryani & banoffee pie in Dubai

Through these India-Pakistan friendships we were living our grandmothers’ wildest dreams — the women who had to leave their homes to migrate to lands unknown in 1947.
Representational image of cryptocurrencies | Pizabay

What are UST & Luna and why the fall of 2 ‘stablecoins’ led to a crypto crash in India

Along with crash in value of UST and Luna coins, Indian market for crypto assets also reeling under strict control imposed by government, with the imposition of TDS on all crypto transactions.

Defence

NSA Ajit Doval with NSAs from the other countries at the meeting at Dushanbe, Tajikistan | Photo: Courtesy the NSA's office

NSA Ajit Doval pushes for ‘terror free’ Afghanistan, says India stands with Afghan people

Doval's comments came at 4th Regional Security Dialogue on Afghanistan attended by national security advisors from Tajikistan, India, Russia, Kazakhstan, Uzbekistan, Iran, Kyrgyzstan & China.

Why it’s obscene to tell Ukraine to give in & how war-upended global balance of power brings openings for India

Global order is in flux, and India is being wooed by all. It opens up economic, strategic & military possibilities unimaginable till recently. It is for India to take this opportunity.
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