Market Repo Transactions in Government Securities Market RBI/2016-17/49 FMRD.DIRD.6/14.03.002/2016-17 August 25, 2016 All Market Participants Dear Sir/Madam, Market Repo Transactions in Government Securities Market Please refer to paragraph 34 of the fourth Bi-monthly Monetary Policy Statement 2015-16 dated September 29, 2015 wherein it was stated that the Reserve Bank will review restrictions placed on repo… Read More »
RBI/2016-17/53 IDMD.CDD.No.462/14.04.050/2016-17 August 29, 2016 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds 2016-17 – Series II Government of India has, vide its Notification F.No. 4(7)-W&M/2016 dated… Read More »
Sovereign Gold Bonds 2016-17 Series II – Operational Guidelines RBI/2016-17/54 IDMD.CDD.No.463/14.04.050/2016-17 August 29, 2016 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.( SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds 2016-17 Series II –… Read More »
Date : Aug 30, 2016 Fifth Tranche of Sovereign Gold Bonds to open on September 01, 2016 The Reserve Bank of India, in consultation with the Government of India, has decided to issue fifth tranche of Sovereign Gold Bonds. Applications for the bond will be accepted from September 01, 2016 to September 09, 2016. The… Read More »
Date : Aug 30, 2016 In terms of GoI notification F.No. 4(7)-W&M/2016 and RBI circular IDMD.CDD. No.462/14.04.050/2016-17 dated August 29, 2016, the Sovereign Gold Bond Scheme will be open for subscription for the period from September 01 to 09, 2016. The issue price of the Sovereign Gold Bond for this tranche has been fixed at… Read More »
Chambers to seek clarity on GST provisions The empowered committee of state finance ministers for goods and services tax (GST), headed by West Bengal finance minister Amit Mitra, will meet industry bodies on Tuesday to deliberate on the concerns regarding the proposed unified indirect tax regime, expected to be rolled out during the next financial… Read More »
Maharashtra Legislature Ratifies GST Bill, Chief Minister Thanks All Parties The Maharashtra Legislature today unanimously ratified the Goods and Services Tax Constitutional Amendment Bill, joining a clutch of states which have already approved the legislation that will pave the way for roll-out of a single and unified tax system in the country. Both Houses of… Read More »
Haryana Assembly ratifies GST Bill Haryana Vidhan Sabha Monday unanimously ratified the Constitution Amendment Bill on Goods and Services Tax amendment during the ongoing monsoon session. A motion to this effect was moved by Haryana Finance Minister Capt Abhimanyu. The resolution moved in the House read: “This House ratifies the amendment to the Constitution of… Read More »
Telangana ratifies GST A special session of the Telangana Legislature (Legislative Assembly and Legislative Council) has ratified the Constitutional amendment Bill for the Goods and Services Tax on Tuesday. While the Legislative Council passed the Bill unanimously, The Legislative Assembly debated on the Bill. MLAs for Opposition parties, especially AIMIM and Congress sought clarifications on… Read More »
GST will make consumer goods cheaper, boost jobs: CBEC Spelling out benefits of the Goods and Services Tax (GST), the revenue department on Monday said it will make consumer goods cheaper, increase consumption and generate more employment by enhancing economic activity. “… (GST will) create a unified common national market for India, giving a boost… Read More »