Tag: interest

  • More trouble for Kuntal Ghosh as 2 arrested middlemen express interest to turn approver

    More trouble for Kuntal Ghosh as 2 arrested middlemen express interest to turn approver

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    Kolkata: More trouble seems to be brewing for arrested youth Trinamool Congress leader Kuntal Ghosh, who acted as a middleman in the multi-crore teacher recruitment scam in West Bengal, as two other middlemen arrested in this case have expressed interest to turn approver in the matter.

    Sources said that counsel of the two middlemen — Tapas Mondal and Niladri Ghosh — have started initial communication with the central agencies on this count.

    However, neither of the two central agencies, the ED and the CBI, has given any indication that they will accept the proposal of the two accused middlemen to turn approver so far.

    Explaining that the process of turning approver for an accused is a lengthy one, senior counsel of the Calcutta High Court, Kaushik Gupta, said that Section 306 of CrPC has provisions on this count.

    “First, the investigating body has to accept the plea from the accused to turn approver after examining the pros and cons of the development and also the probable future legal complexities arising out of the development. But mere acceptance of the investigating agency does not complete the process and guarantee pardon for the accused turning approver.

    “The investigating agency will then seek the permission of the court concerned where the matter is being heard. The judge will take the final decision on this count after recording the reasons for doing so and other legal angles in the matter,” Gupta explained.

    On Thursday, a special CBI court had extended the judicial custody of Kuntal Ghosh, Niladri Ghosh and Tapas Mondal till March 23.

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    ( With inputs from www.siasat.com )

  • Interest rates likely to go higher than Fed previously anticipated: Powell

    Interest rates likely to go higher than Fed previously anticipated: Powell

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    Washington: US Federal Reserve Chairman Jerome Powell stressed on Tuesday that central bank policymakers are prepared to raise interest rates higher than previously expected and pick up the pace of increases in the face of hotter-than-expected economic data, according to a media report.

    “The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,” Powell said in remarks prepared for delivery before the Senate Banking Committee, Fox Business reported.

    “If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes,” he said.

    Central bankers are in the midst of the most aggressive campaign since the 1980s to crush persistently high inflation. Although the consumer price index has slowly fallen from a high of 9.1 per cent notched in June, it remains three times higher than the pre-pandemic average, Fox Business reported.

    The Fed’s rate-setting committee meets later this month.

    Markets widely expect the Fed to continue raising rates at a quarter-point pace, but a slew of hotter-than-expected economic data reports in recent weeks including the blowout January jobs report and disappointing inflation data that pointed to the pervasiveness of high consumer prices has raised the specter of a higher peak rate or steeper increases, Fox Business reported.

    The Labour Department reported in February that the consumer price index rose 0.5 per cent in January, the most in three months. The annual inflation rate also surprised to the upside at 6.4 per cent.

    “We will continue to make our decisions meeting by meeting,” Powell said, adding, “Although inflation has been moderating in recent months, the process of getting inflation back down to 2 per cent has a long way to go and is likely to be bumpy.”

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    ( With inputs from www.siasat.com )

  • J&K Consumer Loan Scheme Check Eligibility and Rate of Interest

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    • Permanent Employees of State / Central Government, Government / Semi-Government Undertakings & Autonomous Bodies.
    • Employees on contractual basis with Central/State Govt, Government/Semi-Government Undertakings& Autonomous bodies shall be eligible, if they have been in current contractual job for a period not less than I year and the remaining contract period is longer than the chosen repayment period.
    • Teachers under Rehaber-a-Taleem, J&K Govt.
    • Officials under Rehaber-a Zeerat, J&K Govt.
    • Pensioners both State/Central drawing their monthly salaries/pension through our bank.
    • Employees of Private Limited Companies, Private Organizations, Reputed Establishments having a minimum 1 year relationship with our bank (Assets or liabilities).
    • Professionals, self-employed individuals (Businessmen included) & Proprietorship Concerns, having a minimum 1 year relationship with our bank (Assets or liabilities)
    • Finance under this Scheme shall also be provided to regular teachers of recognized private schools (must be permanent residents of Union Territories of J&K and Ladakh).

    NOTE:Employees on Adhoc basis shall not be eligible.

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    ( With inputs from : kashmirpublication.in )

  • Telangana govt ordered to pay pensions withheld amid COVID-19 with 6% interest

    Telangana govt ordered to pay pensions withheld amid COVID-19 with 6% interest

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    Hyderabad: Telangana High Court on Monday ordered the state government to pay retired government employees a portion of the pension that was withheld during the COVID-19 epidemic along with six percent interest.

    A bench of the Telangana High Court comprising chief justice Ujjal Bhuyan and justice N Tukaramji emphasised that the Telangana government should follow the Supreme Court’s instructions clear out the pension dues with added interest to it.

    In addition to this, the court further disposed of a group of petitions and PILs, filed by pensioners demanding 12 percent interest on the unpaid pensions.

    However, the government objected to the order while claiming that the choice to postpone payment of salaries and pensions was made because of the unstable financial situation in the state arising from the outbreak of COVID-19.

    It further stated that the state had behaved responsibly and that there was no justification for subjecting it to the burden of paying interest.

    In 2021, the Supreme Court changed the interest rate on pensions from twelve percent to six percent.

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    #Telangana #govt #ordered #pay #pensions #withheld #COVID19 #interest

    ( With inputs from www.siasat.com )

  • Good News For Bank Customers! Now More Than 8% Interest

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    1. Good news for bank customers! Now more than 8% interest will be available on FD

    IndusInd Bank has increased the interest rates on fixed deposits of less than Rs 2 crore. According to the bank’s website, the new rates will be applicable from February 16, 2023.

    IndusInd Bank has increased the interest rates on fixed deposits of less than Rs 2 crore. According to the bank’s website, the new rates will be applicable from February 16, 2023. After this increase, common depositors will now get interest up to a maximum rate of 7.5 per cent. At the same time, senior citizens can earn up to 8.25 percent interest rate in the bank.

     

    What are the new interest rates on FD?

     

    According to the website of IndusInd Bank, the bank will now get interest at the rate of 3.50 per cent on fixed deposits maturing between 7 and 30 days.

    At the same time, the bank will have 4.00 percent interest rate on fixed deposits with a period between 31 days and 45 days.

    Whereas, interest will be at the rate of 4.50% on FDs with tenure ranging from 46 days to 60 days. On the other hand, interest will be given at the rate of 4.60 percent on FDs with maturity of 61 days and 90 days.

     

    On the other hand, the interest rate on fixed deposits with maturity of 91 days and 120 days has gone up to 4.75 per cent. Interest will be available at the rate of 5.00 percent on FDs of 121 days to 180 days in this private bank. At the same time, the interest rate on fixed deposits between 181 days and 210 days has been increased to 5.75 percent. The bank will have an interest rate of 5.80 per cent on fixed deposits with maturity between 211 days and 269 days.

     

    Customers will get so much benefit

    At the same time, the interest rate on FDs maturing between 270 days and 354 days in IndusInd Bank will be 6 percent. On the other hand, FDs between 355 days and 364 days will now get interest at the rate of 6.75 per cent. The interest rate on fixed deposits with a tenure between 355 days and 364 days in the bank has been increased to 6.25 percent. Whereas, interest will be given at the rate of 7% on FDs of one year to one year and six months. FDs with tenure ranging from one year and six months to two years will have an interest rate of 7.25 per cent.

     

    Let us tell you that the Reserve Bank of India i.e. RBI had announced an increase of 25 basis points in the repo rate in its monetary policy meeting on 8 February. After this, SBI had increased the interest rates on select fixed deposits by up to 25 basis points.

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    ( With inputs from : kashmirpublication.in )

  • Seth Meyers on Republicans: ‘No interest in improving the lives of working people’

    Seth Meyers on Republicans: ‘No interest in improving the lives of working people’

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    Seth Meyers

    On Wednesday evening, Seth Meyers tore into the Republican party’s refusal to deal seriously with the toxic chemical train derailment in Ohio. “They claim they’re the party of the working class, but they don’t actually have ideas for or interest in improving the lives of working class people,” the Late Night host said. “And you can see that in the GOP’s reaction to the catastrophic train derailment and ensuing environmental disaster in Ohio.”

    To recap: two weeks ago, a train carrying hazardous material including vinyl chloride derailed near the town of East Palestine, Ohio, releasing a mushroom cloud of toxic chemicals. In the days since, residents have reported respiratory issues and burning eyes, as well as widespread wildlife death. “Of course, when Republicans see a plume of gray smoke, their first thought is, ‘Dear god, did someone open Hunter Biden’s laptop?’” Meyers joked.

    In 2018, the Trump administration rolled back a train-braking rule aimed to prevent disasters such as the derailment in Ohio. “I mean, of fucking course he did,” said Meyers. “And I’m sure we didn’t hear about it because it was the same day he tried to buy Greenland or challenged Angela Merkel to a putting contest or drank water weird.”

    Meyers then turned to Ohio senator and Trump acolyte JD Vance, who said in an appearance on Fox News that Democrats were “unserious people” in their handling of the disaster. “I’m sorry, you think Democrats are unserious people worried about fake problems?” Meyers laughed. “On that exact same network a day later, a lady in your party said whales are getting killed by windmills.”

    The East Palestine environmental disaster is the “perfect example of the kind of thing a serious governing party should have answers for,” Meyers concluded. “It’s absolutely true that Democrats can and should do more. Meanwhile, Republicans are talking about culture war BS.”

    Stephen Colbert

    On the Late Show, Stephen Colbert continued to speculate about alien contact after the US military shot down three unidentified flying objects in as many days. And on Monday, the US set up a new task force on UFOs.

    Interesting coincidence, Colbert noted: “That’s like your flight attendant saying, ‘Uh, attention passengers, everyone in the cockpit is totally fine and conscious. Totally unrelated, we are setting up a task force on how to land a plane.’”

    US senators were given a classified briefing on Tuesday, which John Kennedy, a Republican from Louisiana, summed up as: “The only thing I feel confident in saying right now is that if you’re confused, you understand the situation perfectly.”

    “Then I’m all caught up,” Colbert deadpanned.

    Kennedy also said the UFOs have been “going on for a long, long, long time”, since at least 2017. “Do you know what that means? The aliens were singing Despacito,” Colbert joked.

    It is possible, he added, that the UFOs could be sky trash detected with new sensitivity on radar settings; the White House said there are “hundreds, if not thousands”, of trash objects in the sky, including used car lot balloons. “So not only did our Air Force get a direct hit, they also got an incredible deal on a pre-owned Buick Regal,” Colbert joked.

    Jimmy Kimmel

    In Los Angeles, Jimmy Kimmel reacted to news that researchers are closing in on a male birth control pill, with a pill that will stop sperm from swimming for an hour. The drug has been tested in mice, “and after ingesting it, none of the mice got any women pregnant, so that’s good”, he joked.

    “They say their ultimate plan is to crush the pills up, put them into a tranquilizer dart, and hide in a tree outside Nick Cannon’s house,” he added.

    Kimmel also touched on the Unidentified Aerial Phenomena, which the US military said earlier this week are not aliens or Chinese spy balloons. “The best guess right now is that there were some overly aggressive Re/Max agents on the loose,” said Kimmel, referring to the real estate company with a hot air balloon logo.

    “It’s cute that we brief senators on this story,” he added, “as if we found out that the aliens were invading, Joe Manchin would know what to do.”

    The Daily Show

    And on the Daily Show, guest host Sarah Silverman mocked Elon Mock, the Twitter CEO and “man who has definitely scissored a robot”.

    “If you felt that your Twitter feed was especially flooded with Elon’s tweets this week, you weren’t alone,” she explained. “Apparently Elon’s tweets weren’t going viral enough, so he pressured his engineers to design a special algorithm just for him” which would push his tweets above others to all users.

    “Because it behooves all of us to be privy to the fresh and original insights of the richest man in the world,” she deadpanned.

    “Really though, this is just the most pathetic thing I’ve ever heard,” she continued. “I don’t understand how someone can have 15 kids and still be an incel.” She even felt bad for him – “this man paid $44bn to get the same insecurities that I have for free.”



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    ( With inputs from : www.theguardian.com )

  • 35 candidates showed interest in contesting Manesar civic polls on BJP ticket

    35 candidates showed interest in contesting Manesar civic polls on BJP ticket

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    Gurugram: At least 35 candidates have showed interest in contesting the upcoming Manesar Municipal Corporation (MCM) elections in Gurugram on BJP ticket.

    The civic body comprises a total of 20 wards, and is expected to go to the poll in March-April.

    Apart from this, over a dozen of contestants have come forward for the Mayor’s election, a party source claimed.

    For the first time, the Mayor in Manesar will be elected directly through the municipal polls.

    These candidates also submitted their bio-data during a recently held meeting chaired by Haryana former Education Minister and Election in-charge of MCM Ram Bilas Sharma.

    In a few wards, not even a single contestant came forward, while the party was expecting that it would get at least four to five claimants in each ward, but it did not happen, the sources elaborated.

    The election in-charge of MCM on Saturday said: “The dedicated workers will be given a strong hold on the upcoming corporation elections.”

    “For this, an internal survey will be conducted, and based on the report, the organisation will start ticket distribution,” he said.

    “During the meeting, bio-data of the workers willing to contest the mayor’s election were sought from Manesar Corporation. More than a dozen workers have submitted their profiles before the senior party leader,” Sharma said.

    The former minister said, “The election date will be decided by the Election Commission, but the party organisation is fully prepared for the upcoming Manesar Corporation Elections.”

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    #candidates #showed #interest #contesting #Manesar #civic #polls #BJP #ticket

    ( With inputs from www.siasat.com )

  • Post Office Schemes Interest Rate Hiked: Post Office Has Increase

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    Post Office Schemes Interest Rate Hiked: Post Office Has Increased These 5 Schemes Interest Rate Till March 31, Invest Quickly

    From January 1, the post office has increased the interest rates on all its schemes. In such a situation, you have a chance to take advantage of higher interest rates. Know here about those 5 schemes whose interest rates have been increased.

    If you have planned investment in the new year (New Year 2023) and you are looking for a scheme with guaranteed returns, then post office schemes can prove to be a better option for you. All the schemes like Fixed Deposit, RD, Sukanya Samriddhi Yojana, Senior Citizen Savings Scheme, PPF etc. are run by the post office. A lot of profit can be made through these schemes. From January 1, the Post Office has increased the interest rates on all its schemes (Post Office Schemes Interest Rates Hike). In such a situation, you have a chance to take advantage of higher interest rates. The new interest rates will be applicable till March 31, 2023. Know here about those schemes whose interest rates have been increased.



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    Post office time deposit

    First of all, we will talk about post office FD which is called post office time deposit. You get the facility of time deposit up to 1, 2, 3 and 5 years in the post office. Their interest also varies according to the period. Interest rates have changed since January 1. Currently, you are getting 6.6% interest on 1-year time deposit, which was earlier 5.5%. 6.8% interest is being received on two-year time deposits, which was earlier 5.7%. You will get 6.9% interest on three-year time deposit, which was earlier 5.8%. Interest is being received at the rate of 7% on 5-year time deposit, which was earlier 6.7%.

    Senior Citizen Savings Scheme

    Monthly Income Scheme (MIS) interest rate has been increased from 6.7% to 7.1%. This is such a scheme, in which there is guaranteed income every month on lumpsum deposit. In this, the money remains completely safe and it is not affected by the ups and downs of the market. Investment has to be made only once in MIS account. Its maturity is of 5 years.

    National Savings Certificate

    The interest rate on National Savings Certificate (NSC) has been increased from 6.8% to 7.0%. NSC can be bought for a minimum of Rs 1000 and no limit has been fixed for the maximum investment. That is, you can invest any maximum amount in it. In this, you do not have to deposit money for a very long time. This scheme matures in just 5 years. Interest is compounded on an annual basis and guaranteed returns are available.

    Kisan Vikas Patra

    The interest rate on Kisan Vikas Patra (KVP) has been increased from 7.0% to 7.2% with effect from January 1. You can start investing in Kisan Vikas Patra with just Rs.1000. After this, investment can be made in multiples of Rs.100. There is no maximum limit for investment in this. Account Single and 3 adults together can open joint account. Nominee facility is also available in this. Premature closure of KVP account can be done after 2 years 6 months from the date of deposit.

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    ( With inputs from : kashmirpublication.in )

  • State land is being retrieved from vested interests in public interest: CS

    State land is being retrieved from vested interests in public interest: CS

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    JAMMU, FEBRUARY 02: Chief Secretary, Dr Arun Kumar Mehta today remarked that the encroached State land is being retrieved from the big vested interests only with the purpose of reverting it back for public use.

    He was speaking in a meeting of UT, Divisional and District Administration to take stock of measures being taken to streamline the anti-encroachment drive.

    Dr Mehta maintained that these measures are aimed at helping common people. He observed that this land belongs collectively to the masses and retrieved land shall be used for the benefit of all of them. He stated that no person has any legal right to usurp the rights of commoners.

    The Chief Secretary further pointed out that such measures should be supported by the public as the retrieved and shall be used for public utility such as hospitals, schools, play grounds, bus stands, Industries, parking spaces etc. It shall accelerate all round development in J&K.

    The Chief Secretary directed the Deputy Commissioners to safeguard the habitations and livelihoods of poor and downtrodden. He enjoined upon them to develop DPRs for carrying out developmental works on such lands at the earliest so that fruits of these efforts reach the masses.

    He stated that some people are voluntarily giving up the encroached lands. He told them to set an example for others and give in writing their testimonies.

    The Chief Secretary also directed the IT Department to create a dedicated portal for reflecting the actual quantum of State/ Kacharie/Common land retrieved in all the districts is put in public domain for their information. He advised the Revenue Department to carryout Geo-referencing of these public assets so that the same is preserved for the public without ambiguity.

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    ( With inputs from : roshankashmir.net )

  • Golden Chance to Take Loan on Zero Interest! Govt Scheme Offers Loan Without Guarantee – Kashmir News

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    PM SVANidhi Yojana offers Loan on zero interest and without guarantee: Check Scheme, Portal, in hindi, 20000 loan, bank login, full form, upsc, and other details

    The government provides a number of welfare Schemes to help the economically poor people in the society. One of these is PM SVANidhi Yojana. Under this scheme One can get up to Rs 50,000 as financial assistance from the central government.  Beneficiaries may increase their loan amount if they repay the loan on time.

    Prime Minister Street Vendor’s AtmaNirbhar Nidhi is known as PM SVANidh. A  central sector programme was launched In June 2020.  It aims to provide micro-credit facilities to street vendors who have been affected by the COVID-19 pandemic.

    This programme will continue until December 2024. In addition to the first and second loans, which have values of Rs 10,000 and Rs 20,000, respectively.  The government has also introduced a third credit of upto Rs 50,000.

    Important Facts about PM SVANidhi for UPSC

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    Full-Form of PM SVANidhiPrime Minister Street Vendor’s Atmanirbhar Nidhi
    Launch Date1st June 2020
    Under which government ministry?Ministry of Housing and Urban Affairs (MoHUA)
    Target Beneficiary
    • Street Vendors or hawkers in urban areas
    • Street Vendors of peri-urban areas
    • Street Vendors of Rural areas
    Mandatory Documents to Access Benefits
    • Applicants need to have the following documents.
    • Aadhar Card – Voter I Card – Copies of the ration cards
    •  A copy of the bank account book
    • A passport-size photograph
    Tenure of the schemeJune 2020 – December- 2024
    Direct Link to avail the benefits under the PM SVANidhihttps://pmsvanidhi.mohua.gov.in/

    Benefits of the PM SVANidhi Scheme –

    • Beneficiaries might receive up to a 7% subsidy. On timely loan repayment,
    • The government may grant you further loans. If you repay your loans on time.
    • The amount of your loan may be doubled.

    Documents required to apply for a loan under the PM SVANidhi Yojana

    • Applicants need to have the following documents.
    • Aadhar Card – Voter I Card – Copies of the ration cards
    •  A copy of the bank account book
    • A passport-size photograph

    How to apply for a loan in detail

    CLICK ON THE BELOW PROVIDED LINKS TO FOLLOW KASHMIR NEWS ON: 

    OUR APPLICATION IS ALSO LIVE ON GOOGLE PLAY STORE, DOWNLOAD MOBILE APPLICATION

     


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    ( With inputs from : kashmirnews.in )