APN News

  • Saturday, September, 2020| Today's Market | Current Time: 08:03:19
  • Credit Scores: A Quick Guide

    A credit score is a three-digit number corresponding to every potential borrower in the market. Credit bureaus calculate the scores after referencing your credit history. It ranges from 300 to 900 – the number can vary for different bureaus. A credit score of 750 or above is considered good and can increase the chances of […]

    Financing economic recovery

    Armida Salsiah Alisjahbana As the socio-economic impacts of the COVID-19 pandemic spread across the length and breadth of Asia and the Pacific, finance ministries are continuing their relentless efforts to inject trillions of dollars for emergency health responses and fiscal packages. With continued lockdown measures and restricted borders, economic rebound seems uncertain. Compared to 2019’s […]

    Rupee depreciates 16 paise and settles at Rs 73.3 against US dollar

    The rupee today depreciated 16 paise and settled at Rs 73.3 against the US dollar tracking muted domestic equities and strengthening American currency.     The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.26 per cent to 92.58.

    Svamaan Financial Services joins hands with leading digital payment platforms to provide cashless services

    New Delhi:  Svamaan Financial Services, a leading digital microfinance venture, has rolled out QR code based UPI payment option for all its customers through leading digital payment apps like GooglePay, PhonePe and PayTM, in addition to all banking apps offering QR code based UPI payment facility. Furthermore, Svamaan Financial has established partnership with prominent digital […]

    Indian Bank announces cut of 5 basis points in MCLR for one-year tenure

    State-owned lender Indian Bank has announced a cut of 5 basis points in its marginal cost of funds based lending rate (MCLR) for one-year tenure. The bank has decided to reduce the MCLR for one-year tenure by 5 basis points to 7.30 per cent effective from September 3, 2020, Indian Bank said in a regulatory […]

    Gross GST revenue collection in August stands at Rs 86,449 crore

    The gross GST revenue collected in August is Rs 86,449 crore. Out of this, CGST is Rs 15,906 crore, SGST is Rs 21,064 crore, and IGST is Rs 42,264 crore. The government has settled Rs 18,216 crores to CGST and Rs 14,650 crores to SGST from IGST as regular settlement. The total revenue earned by […]

    Bitcoin Price Predictions for 2021

    Since its inception in 2009, Bitcoin has had a volatile trading history. The most popular digital currency has seen some major rallies and crashes in its fairly short journey. There have been a lot of price predictions for Bitcoins by the industry experts. Where several predictions turned out to be false and went to oblivion, […]

    RBI announces steps to ease pressure on liquidity and to maintain congenial financial conditions for sustainable recovery of economic growth

    The Reserve Bank of India (RBI) today announced a host of steps, including term repo operations totaling Rs. 1 lakh crore in mid-September to ease pressure on the liquidity and maintain congenial financial conditions with a view to ensuring sustainable recovery of economic growth. In a statement, the central bank said the RBI stands ready […]

    Increase your Personal Loan Eligibility Amid the Pandemic

    The effects of this pandemic have trickled down to the common man and his finances. With companies cutting down on costs, little or no hiring being done and some employees being given pink slips, uncertainty prevails. Take for instance India, where close to 82% salaried individuals are struggling to meet their day to day needs […]

    Finance Ministry asks banks to refund charges collected after 1st Jan’20 on electronic transactions

    The Finance Ministry has asked banks to immediately refund the charges collected after 1st of January this year on transactions carried out using the electronic mode prescribed under the IT act. The Ministry also advised banks not to impose charges on any future transaction carried out through the electronic mode.  It said, Central Board of Direct […]