The Reserve Bank of India has allowed subscriptions for floating-rate savings bonds, 2020, via retail direct - an online portal that enables individual investors to purchase government securities.
Floating-rate bonds, which are interest-bearing and non-tradable, are issued by the government and reach maturity seven years from the date of issuance. The RBI offers an interest rate of 8.05 per cent, which is 35 basis points above the National Savings Certificate rate. Interest on these bonds is paid semi-annually on January 1 and July 1 each year, with no provision for cumulative interest payments.
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A SWEET DEAL
Bioplastics emerge as another revenue stream for sugar firms, a green one at that. Can the industry balance all the demands?
Maha election results fire up PSU stocks
Analysts believe NDA's landslide victory in the state will bring zing back to the markets that have seen some correction recently
Adopt online banking, reduce branch visits to minimise vulnerability
At the recently held State Bank of India Economist Conclave, Finance Minister Nirmala Sitharaman highlighted that while bancassurance has improved insurance penetration, it has also led to mis-selling.
Zomato shares zoom on Sensex inclusion
Shares of Zomato rallied as much as 7.6 percent on Monday, buoyed by the stock's entry into the benchmark Sensex.
RIL shares rise on Citi's 'buy' call
US brokerage has raised scrip target price to ₹1,530, an upside of over 18%
Godrej Properties to gain from strong land portfolio, demand outlook
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Rupee appreciates 0.2% to 84.29 against dollar
The rupee appreciated by 0.2 per cent against the US dollar on Monday, tracking gains in its Asian peers.
Edelweiss Financial explores minority stake sale in MF unit
May value the business at $700-$800 million
Sensex reclaims 80,000 mark
Maha poll results, MSCI buying underscore gains
Politics, culture and performance
\"All the world's a stage, and all the men and women merely players.\" If we start looking at ourselves as characters who perform, and observe where the stage is, a lot more can start to make sense.
