{"id":475676,"date":"2022-03-15T10:38:43","date_gmt":"2022-03-15T05:08:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=475676"},"modified":"2022-03-15T10:38:43","modified_gmt":"2022-03-15T05:08:43","slug":"railways-says-rate-of-interest-on-advances-to-contractors-revised","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/railways-says-rate-of-interest-on-advances-to-contractors-revised\/","title":{"rendered":"Railways says rate of interest on advances to contractors revised"},"content":{"rendered":"<p>The Indian Railways has tweaked the interest rate it charges on advance payment to its contractors. An order from the Railway Board Monday fixed the interest rate at Reserve Bank&#8217;s bank rate plus 5% simple interest.<\/p>\n<p>This will be applicable for tenders to be opened in the financial year 2022-23. This rate will be revised after three years. The interest rate was fixed at 10% for tenders opened in financial year 2021-22.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian Railways has tweaked the interest rate it charges on advance payment to its contractors. An order from the Railway Board Monday fixed the interest rate at Reserve Bank&#8217;s bank rate plus 5% simple interest. This will be applicable for tenders to be opened in the financial year 2022-23. This rate will be revised after three years. The interest rate was fixed at 10% for tenders opened in financial year 2021-22.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,258,136],"tags":[],"class_list":["post-475676","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-railways-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/475676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=475676"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/475676\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=475676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=475676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=475676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}