The Press Release Resource

What is economic stimulus? If you talk to the average person on the street they won't be able to explain economics, unless it's in their own terms. And a new viral rap video by film maker John Papola and economist Russ Roberts does just that – explains economics in terms anyone can understand. Fairfax, VA …

A new study by the UK’s leading discount website has revealed that half of Britons that have taken out credit in the form of a loan, overdraft or credit card, did so without looking at the interest rate or APR that came with it.   With interest rates on loans and credit cards being an …

The government is working on a refinance scheme to offer education loans at interest rates as low as 4 percent, and plans to extend the repayment period for those who aspire to become doctors, engineers, fashion designers and IT professionals. The scheme envisages the setting up of a special purpose vehicle to refinance banks for …

As the investor sentiment is improving by the day and the economy is again moving back to the path of growth, there were discussions of the lending being more expensive for the Indian consumer. However, India’s largest lender, State Bank of India (SBI) has recently confirmed the fact that it does not expect the interest …

State Bank of India’s interest rates on retail loans might be reviewed after the Reserve Bank of India’s credit policy, according to a regional head of the banking major. “Liquidity is coming down, so we need to necessarily hike deposit rates. Automatically, interest on advances would go up,” Ms Arundhati Bhattacharya, Chief General Manager, State …

The Central Bank in Australia has raised its interest rate for the fifth time since October, from four to 4.25 percent. This underlies Australia’s determination to reduce monetary stimulus on the growing economy, says Mark Cambrea, VP of finance at Palatine Financial. Australia’s Reserve bank continues to generate upbeat assessments of Australia’s outlook. In a …

In his Budget, finance minister Pranab Mukherjee announced plans to bring down fiscal deficit from 6.5% of gross domestic product (GDP) in FY10 to 4.8% in FY12 and 4.1% in the following year. Anxious investors got a sigh of relief. Within minutes of the announcement, the Sensex shot up and yields in the bond market …