The interest rate of RBI Floating Rate Savings Bonds (FRSB) 2020 (Taxable) is linked to the interest rate of the National Savings Scheme (NSC), a small savings scheme offered by the Union government. The bond will pay 0.35% higher than what NSC offers. The interest rate of RBI Floating Rate Savings Bonds is due for revision on January 1, 2024. Will the interest rate of RBI Floating Rate Savings Bonds go up or come down next year? Read here to find out
The central government has not revised the interest rate of PPF since April 2020. It has remained at 7.1 per cent since then. Will the interest rate of the Public Provident Fund (PPF) increase in July-September quarter? To know whether there will be a hike in PPF interest for the next quarter, you need to understand how the interest rate is calculated. Take a look
Real estate and manufacturing sectors outperformed cyclical sectors in the first half of 2023 in India. The realty sector registered about 20% returns in January-June 2023, against negative results of 19% in the same period last year, with the residential segment recording significant sales and sales launches during the same period. The S&P BSE Capital Goods index rose 20% from June 2022, riding on the governments focus on infrastructure and local manufacturing. Meanwhile, the power and oil and gas sectors saw almost no gains as the S&P BSE Power index dipped by 9%, while the S&P BSE Oil and Gas index saw a fall of over 10%.