Tag: rate cut
Stock Market Today: RBI Rate Cut Fails To Boost Market, Sensex Falls To Trade In Red
Indian stock markets erased all their initial gains on Friday afternoon, with the BSE Sensex trading over 250 points lower, although the Reserve Bank of India (RBI) announced an emergency rate cut of 75 basis points. ....
Finanace Ministry Positive On RBI Decsion, Change In Stance
The Finance Ministry is positive on the RBI monetary policy panel's decision to cut the repo rate by 25 basis points (effecting a third consecutive reduction in 2019 and the all important change in its stance from "neutral to accomodative"), which would pave the way for consideration by RBI for any further rate cut. ....
GST Council Slashes Tax On EVs And EV Chargers
Close on the heels of Union Budget providing tax relief for buying electric vehicles, the GST Council in its 36th meeting on Saturday cut the tax on electric vehicles (EV) from 12 per cent to 5 per cent effective August 1, 2019.....
Non-subsidised LPG Rate Cut By Rs 120.50/cylinder, Subsidised By Rs 5.91
Passing on a new year gift of reduction in global gas prices to consumers, state-run Indian Oil Corp (IOC) on Monday announced a major cut of Rs 120.50 in the rates of non-subsidised LPG cylinders.....
Sitharaman Lauds RBI Rate Cut, Says Need Quick Transmission
After the RBI Governor announced an emergency rate cut on Friday, Union Finance Minister Nirmala Sitharaman lauded the move and stressed the need for lower cost of retail loans and that reduced interest rate needs quick transmission.....
