No hike in diesel price now, says govt; seeks $5 bn fuel savings

Last Updated: Tuesday, September 24, 2013, 18:53

Oil minister M Veerappa Moily shied away from introducing comprehensive energy subsidy cuts on Tuesday, instead calling on his countrymen to embrace car pooling, buses and cycling as well as staggered working hours in a bid to curb fuel consumption.

RBI allows premature encashment of 8% Savings (Taxable) Bonds

Last Updated: Friday, August 30, 2013, 21:53

The Reserve Bank Friday permitted premature encashment of 8 percent Savings (Taxable) Bonds for individual investors who are 60 years and above.

Domestic saving rate stood at nearly 31% in FY13: RBI

Last Updated: Thursday, June 27, 2013, 20:18

Gross domestic savings as a proportion to GDP fell from a high of 36.8 percent in FY08 to 30.8 percent in FY13, according to the Reserve Bank.

Household savings slip to 22.3% in 2011-12: RBI

Last Updated: Thursday, May 2, 2013, 22:37

Reserve Bank Thursday expressed concern over steadily falling savings and investment rates, especially the financial savings by households which slipped to 22.3 percent in 2011-12 as households turned to physical assets as a hedge against inflation.

Households should be incentivised for higher savings: Rajan

Last Updated: Monday, April 1, 2013, 18:49

Households need to be incentivised for enhancing financial savings, Chief Economic Advisor Raghuram G Rajan said here Monday.

RBI notifies new interest rates on PPF, SCSS a/c w.e.f April 1

Last Updated: Thursday, March 28, 2013, 19:09

Reserve Bank on Wednesday notified 0.1 percent reduction each in interest rates on Public Provident Fund (PPF) and Senior Citizen Savings Scheme (SCSS) to be effective from fiscal beginning April 1, 2013.

Returns on post office savings still favourable: Montek

Last Updated: Monday, March 25, 2013, 19:32

Planning Commission Deputy Chairman Montek Singh Ahluwalia Monday justified the lowering of rate of interest on small saving schemes saying the returns remain favourable to depositors in real term.

PPF, post office small savings interest rates cut by 0.1%

Last Updated: Monday, March 25, 2013, 14:32

Millions of small savers and PPF account holders will earn less on their post office savings schemes, with the government deciding to reduce interest rates on them marginally by 0.10 percent.

Budget 2013 will woo more investors into MF sector

Last Updated: Friday, March 1, 2013, 17:35

The mutual fund players have welcomed the Budget proposals to increase the income slab for the Rajiv Gandhi Equity Savings Scheme (RGESS) and allow pension and provident funds to invest in debt schemes, saying these steps will increase the depth of capital markets.

Attractive schemes on the anvil to discourage gold buying

Last Updated: Thursday, February 28, 2013, 19:24

"The household sector must be incentivised to save in financial instruments rather than buy gold. Increasing savings and their optimal allocation for productive uses lead to higher economic growth," he said while presenting the Budget.

Indians prefer to put their retirement savings into cash: HSBC

Last Updated: Thursday, February 21, 2013, 17:45

More than half of working Indians in the age bracket of 55-64 years prefer to put their retirement savings into cash deposits, says an HSBC survey.

Kids need more lessons on money management: Survey

Last Updated: Thursday, February 14, 2013, 00:47

Majority of parents feel that their children need more lessons on the importance of savings and money management, says a survey conducted by ING Vysya Bank.