Browsing: Minimum

[ad_1] State-owned Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent. Currently, Government of India holds 81.41 per cent stake in the Mumbai-based bank. “We are exploring options to meet Sebi’s minimum public holding requirement. However, the decision to sell shares would depend on market conditions,” Bank of India Managing Director Rajneesh Karnatak told PTI. Public sector banks have time till August 2024 for meeting the Securities and Exchange Board of India (Sebi) requirement, he said. Post share-sale, depending on the…

[ad_1] Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty on Wednesday said the regulator is working on a pension scheme which could provide minimum assured return and something in this respect would come soon. He also said that there are about 5.3 crore subscribers of Atal Pension Yojana (APY). This year the target for enrolment is 1.3 crore as against 1.2 crore last year. “That is very much in the works…there we have to balance risk and return…somebody gives assurance and it will come with a cost. Like in APY, the government gives assurance and they bear the…

[ad_1] Senior Citizen Fixed Deposit Interest Rate Hike News: Fincare Small Finance Bank (FSFB) has revised its FD interest rates for senior citizens and others. In a statement today, the bank said that Fincare FD customers can earn up to 8.51% on their savings, and senior citizens can earn up to 9.11% with a minimum deposit of Rs. 5000. The revised rates will be applicable from May 25, 2023. “The Bank believes in providing customer-centric banking solutions, and current FD rates reflect this commitment. Whether you have short-term or long-term financial goals, the diverse tenure options ranging from 7 days…

[ad_1] ALBANY, N.Y. — Gov. Kathy Hochul on Thursday announced that she and state lawmakers had reached an agreement on a roughly $229 billion state budget that would change the state’s bail laws, increase the minimum wage and provide urgently needed funding for New York City’s transit system.The deal capped weeks of contentious negotiations that divided the governor and the Democrat-led State Legislature, delaying its expected passage by almost a month — the latest budget in over a decade.The broad strokes of the “conceptual agreement” were revealed by the governor at an impromptu news conference at the State Capitol on…

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[ad_1] US President Joe Biden is proposing a minimum 25% tax bracket for billionaires, per Bloomberg. He had previously called for a minimum 20% tax for the ultra-wealthy. Biden is set to release his proposal for the fiscal 2024 budget on Thursday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app US President Joe Biden is once again proposing higher tax rates on billionaires, wealthy investors, and companies in his budget for the 2024 fiscal year.In his budget request to Congress scheduled to be released Thursday,…