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Your home, personal, auto loans to be cheaper! RBI minimises Coronavirus impact with repo rate cut

Your home, personal, auto loans to be cheaper! RBI minimises Coronavirus impact with repo rate cut

After today's rate cut, it remains to be seen how much impact with the recent rate cuts, it will have on the home loan and other borrowers.

Source Financial Express | 27/03/2020


RBI allows banks to put EMIs on hold for three months

RBI allows banks to put EMIs on hold for three months

The credit history of the borrower will not be impacted The RBI today cut repo rate by 75 basis points and also cut cash reserve ratio by 100 basis points

Source Livemint | 27/03/2020


RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact

RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact

The rate cut was warranted by disruptive force of coronavirus, the central bank said.

Source The Economic Times | 27/03/2020


Confused About Credit Card Dues, Home Loan EMI After RBI Announcement? Here's What it Means

Confused About Credit Card Dues, Home Loan EMI After RBI Announcement? Here's What it Means

RBI has made a one-time exception in view of the financial distress arising out of the global pandemic coronavirus and the economic havoc wreaked by the lockdown imposed to control its spread.

Source News18 | 27/03/2020


RBI clarifies on loan moratorium: Are credit card dues included, what happens after 3 months and other vital points you should know

RBI clarifies on loan moratorium: Are credit card dues included, what happens after 3 months and other vital points you should know

What happens to your EMI burden? Which kinds of loans will the moratorium apply to? What about the interest component? Read on

Source Money Control | 27/03/2020


FM Nirmala Sitharaman announces Rs 1.7 lakh crore relief package for poor

FM Nirmala Sitharaman announces Rs 1.7 lakh crore relief package for poor

The FM announced a slew of measures to ease the burden on the poor who will be hit hard by the lockdown.

Source The Economic Times | 26/03/2020


Big announcement for EPFO subscribers under PM Gareeb Kalyan Scheme, govt will pay workers' PF for 3 months

Big announcement for EPFO subscribers under PM Gareeb Kalyan Scheme, govt will pay workers' PF for 3 months

This will be applicable for establishments with up to 100 employees, where 90% of employees drawing less than Rs 15,000 salary. Benefiting 4.8 crore employees the govt also amended EPFO regulations to allow workers under EPFO to draw up to 75% of their non-refundable advance or 3 months of wages, whichever is lower.

Source The Economic Times | 26/03/2020


 Income Tax Return Filing: Last date for filing ITR for FY 2018-19 extended

Income Tax Return Filing: Last date for filing ITR for FY 2018-19 extended

The Finance Minister Nirmala Sitharaman in a press conference has announced that the last date for filing tax returns has been extended.

Source Financial Express | 24/03/2020


 PAN-Aadhaar Link Deadline Extended! PAN Card-Aadhaar Card linking now allowed till June 30

PAN-Aadhaar Link Deadline Extended! PAN Card-Aadhaar Card linking now allowed till June 30

PAN-Aadhaar Link Deadline: The last date for PAN-Aadhaar linking has been extended

Source Financial Express | 24/03/2020