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Let, the amount be Rs. P. P[(1 + 24/100)2 – 1] – P × 24% × 2 = 288 P × 0.5376 – P × 0.48 = 288 P × 0.0576 = 288 P = 288 ÷ 0.0576 = Rs. 5000 Therefore, required interest = 5000 × 10% × 2 = Rs. 1000
The Reserve Bank of India, recently has proposed to hike UPI (Unified Payment Interface) transaction limit for investing in IPO to…..
In August 2022, RBI increased the limit of ECB that eligible borrower can raise per financial year under the automatic route to _______. This relaxation...
When traders first sell securities without first borrowing them or having possession of those securities, that is called:
What new financial instrument did Airtel Payments Bank launch in collaboration with NPCI and powered by RuPay?
Over 75 Districts in the country the Prime Minister has dedicated 75 DBU’s for more financial inclusion and availability of banking services nationall...
What was the focus of the study conducted by Assocham and the EGROW Foundation regarding MSMEs in India?
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The Overnight Alternative Reference Rate for the respective currency / Swap rates quoted / displayed by whom shall be used as the reference for arriving...
