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Quick Overview on G20 - 2023 India

  The 2023 G20 summit was held in New Delhi, India, on September 9-10, 2023. The main venue was the Pragati Maidan, a large exhibition complex in central Delhi. The summit was also held at other venues in New Delhi, including the Hyderabad House, the Prime Minister's residence, and the India International Centre. The 2023 G20 summit was attended by the leaders of the 20 member countries of the G20, as well as the leaders of several invited countries, including Argentina, Indonesia, Senegal, South Africa, and Turkey. The summit was also attended by the heads of international organizations, such as the United Nations, the World Bank, and the International Monetary Fund. The G20 Delhi Declaration was the outcome document of the 2023 G20 summit. It was a 38-paragraph document that covered a wide range of issues, including: The global economy and finance: The declaration called for continued efforts to strengthen the global economy and financial system. It also emphasized the importance
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Interest rates slashed for July-September quarter






The government today announced the interest rates for small savings schemes for the July-September 2017 quarter.
  • Interest rate on Public Provident Fund (PPF) has been cut by 10 basis points to 7.8%
  • Interest rate on Kisan Vikas Patra has been cut by 10 basis points to 7.5%
  • Interest rate on National Savings Certificate has been cut by 10 basis to 7.8%
The interest rates on these schemes were cut even for the April-June quarter. A further reduction in interest rate will be another disappointment for small savers.
The Public Provident Fund and National Savings Certificate are guaranteed-income schemes that also earn a tax-saving deduction under Section 80C of the Income Tax Act. Both of these investments are availed by risk-averse investors who wish to get a fixed return from their investments. Reducing the interest rate on these schemes would hurt these small savers as they are long-term investments that investors depend upon.

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