Friday’s Mortgage Interest Rates at HSBC, Commerce Jan 13, 2017

HSBC The best 30 year fixed rate loan interest rates can be had for 4.4% at HSBC Bank (NYSE:HBC) today and an APR of 4.49%.  The short term 15 year fixed rate loans are being offered for 3.67% and an APR of 3.82% today.   The 5 year Adjustable Rate Mortgages at HSBC are coming out at 3.81% yielding an APR of 4.017%.  The 7/1 Adjustable Rate Mortgages are published […]

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Cashless Payment Gains Importance Due to Demonetisation

The chaos caused by India’s ban on high-denomination rupee notes has provided a boost to a national cashless payment platform that has struggled to gain traction.  Central bank data show that the government-backed Unified Payments Interface logged 358,000 transactions in the first nine days of December, shooting past November’s 287,000 total, as some Indians sought to circumvent the cash shortage […]

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Niti Aayog Plans Rs 1 Crore Prize for e-Payments

The Niti Aayog has planned an incentive scheme, including a Rs one crore prize, to those who use digital payments systems the most as the government steps up measures to push electronic transactions. It has asked the National Payment Corporation of India (NPCI) to conceptualize and launch the programme to incentivize digital payments. Sources said Rs 125 crore would be […]

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Action Against Tax Evasion/Black Money Is An Ongoing Process: Minister

Minister of State (Finance) Santosh Kumar Gangwar on Tuesday said action against tax evasion/black money, including in respect of black money stashed away abroad, is an ongoing process and such action under direct tax laws includes searches, surveys, enquiries, assessment of income, levy of penalties and filing of prosecution complaints before criminal courts, wherever applicable. He stated this in a […]

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