Compound interest

Why do MSMEs rarely receive compound interest on late payment requests?

Explain the predicament of micro, small and medium enterprises (MSMEs) when opting for payment claims under the 2006 MSME Development Act VIVEK SHARMA explains why, in practice, statutory compound interest enshrined in law is rarely enforced, and offers suggestions to strengthen the law and protect MSME interests in this regard. —- MICRO, Small and Medium […]

Compound interest

IBA asks government to reimburse compound interest exemption by banks

The Supreme Court’s March judgment ordered banks to waive compound interest on loans over rupee 2 crore, subject to a moratorium, as loans below that amount got general interest on the interest waiver in November of last year. The Association of Indian Banks (IBA) on behalf of the lenders has approached the Ministry of Finance […]

Compound interest

Banks ask government to pay back compound interest exemption for moratorium loan accounts

The Association of Indian Banks (IBA) on behalf of the lenders has approached the Ministry of Finance to repay the onus on them due to a recent Supreme Court ruling on waiving compound interest on all loan accounts that opted for a moratorium in March-August 2020. The Supreme Court’s March judgment ordered banks to waive […]

Compound interest

Compound Interest Of Daily Learning: A Simple System That Can Improve Your Life

Learning as an adult is extremely difficult, and it’s easy to see why. You go through 6 years of elementary school, 3 to 4 years of college, about 4 years of high school, then if you go to college (which you should) you have between 2 and 8 years of additional learning just to graduate […]

Compound statement

Israel-Palestine: US blocks UN declaration for third time in a week | United Nations News

A third emergency United Nations Security Council meeting in a week – amid the deadly Israeli offensive in Gaza – again ended with no concrete result after the United States blocked a joint statement calling for an immediate ceasefire between Israel and Hamas. Sunday’s meeting came after the United States reportedly twice blocked resolutions in […]

Compound interest

ON MONEY: Understanding the Mysteries of Compound Interest | Characteristics

Interest, and compound interest in particular, is one of the least understood financial topics by an alarming number of Americans. In this column and next week’s, we’ll look at interest: both simple and compound, and explain all of the various descriptions of how interest is calculated. Interest can be thought of as the rental fee […]