Consumer Interest

Be ready to pay higher interest on your outstanding loan if you decide not to pay EMIs on your home or auto loan for the next three months under a moratorium announced by by the Reserve Bank of India on Friday.   Analysts and experts tracking the sector said that simple interest rate...
Day 2 of COVID-19 lockdown was no different for people who tried to book online delivery of essential items like groceries, milk and vegetables at Bigbasket, Grofers and other online platforms.   To one user's amusement, he got the next delivery slot on Grofers for Monday, April...
Even as thousands of passengers were left stranded at railway stations across India in the wake of suspension of train services, the Indian Railways on Monday announced relaxation in the time limit prescribed for passengers to stay in its retiring rooms.   This relaxation shall be in...

You must be wondering why the current freefall in the global oil market is not resulting in commensurate or sharp fall in retail price of petrol and diesel.   The answer lies in a plethora of taxes that both Central and state governments levy on the two auto fuels that rob the...
Government has taken the bait provided by unusually low global oil prices to raise excise duty on petrol and diesel to raise revenue that has been severely impacted by a slowing economy.   It raised excise duty on petrol and diesel by Rs 3 per litre that would increase the retail...

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