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Daily Archives: July 2, 2021

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Interest rates of PPF, NSC, and other small saving schemes kept unchanged for July-Sept 2021

Wealth ManagementBy Surendra NaikJuly 2, 2021

The government has decided to keep the interest rates for small savings schemes unchanged for the July-September quarter, the fifth in a row. The last revision in small savings rates was for April-June 2020. This was announced by the finance ministry via a circular dated June 30, 2021. Thus, the interest in the small savings…

Interest Equalisation Scheme for Export Credit

Foreign ExchangeBy Surendra NaikJuly 2, 2021

The Interest Equalisation Scheme for export credit is available to all MSME exporters under 416 tariff lines under Indian Trade Clarification (ITC)- Harmonized System (HS) Codes of 4 digits and exports made by MSMEs across all ITC(HS) codes. It means all MSME exporters including merchant exporters are eligible for an Interest Equalisation rate from 3%…

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