Getty ImagesFollowing the revision, the bank offers a rate of interest in the range of 3 per cent to 7 per cent for normal customers for deposits maturing in the range of 7 days to 10 years, BoI said in a statement.
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Economy Grew Faster at 5.1% in Q4: EconomistsReserve Bank of India (RBI) governor Shaktikanta Das on Wednesday indicated FY23 growth may have exceeded the official estimate of 7% on the back of strong growth momentum in the March quarter.
Investors from 21 Nations Exempted from Angel TaxIndia exempted investments by non-resident entities such as sovereign wealth funds and pension funds from 21 countries from the so-called ‘angel tax’, leaving out Mauritius, Singapore, and UAE among others that account for significant equity inflow into the country.
DoT Won’t Give 5G Spectrum to Enterprises for Private NetworkThe Department of Telecommunications (DoT) has decided against giving spectrum directly to enterprises for captive private networks, snubbing companies such as Infosys, Larsen & Toubro, Tata Power and GMR, which have been calling for allocation of airwaves without auctions.
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