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Lenders can t compound penal interest, says RBI | The Financial Express

Lenders can t compound penal interest, says RBI | The Financial Express
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Invested in Bank FD for a safer future? THIS report will add woes to your income from saving plans

Real rates are going to be negative for a while, given that the post crisis repairs may take some time and it is imperative that financial literacy initiatives guide people into making the right investment choices.

Bank FD to fetch negative real interest with elevated inflation

Retail, wholesale trade to get MSME status

Retail, wholesale trade to get MSME status IANS 03 July 2021   Noting that retail and wholesale trade were left out of the ambit of MSMEs, Union MSME Minister Nitin Gadkari, in a string of tweets, said: Under the revised guidelines, MSME has issued order to include retail and wholesale trade as MSME and extending to them the benefit of priority sector lending under RBI guidelines.   Under the leadership of PM Narendra Modi, we are committed to strengthening of MSME and make them engines for economic growth. The revised guidelines will benefit 2.5 Cr Retail and Wholesale Traders.   With the revised guidelines, the retail and wholesale trades will be now be allowed to register on Udyam portal.

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