What is REPO Rate? REPO rate is the rate of interest at which the central bank of India, i.e. Reserve Bank of India (RBI), lends money to the commercial banks. In case of a financial crisis, the commercial banks can lend money from the Reserve Bank of India and the rate of interest at which […]
The Goods & Services Tax Council, comprising state and federal finance ministers, announced that the new rate will be 5 percent, down from the current 12 percent, on all housing projects which were not in the affordable housing category.