Category Archives: Finance

THE BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE 2019 Banning of Unregulated Deposit Schemes Ordinance 2019 Published in Official Gazette on 21.02.2019 by Govt of India Download : Click here

Ministry of Finance Sovereign Gold Bond Scheme 2018-19 (Series V) to be opened for the period from 14th to 18th January, 2019; The Issue Price of the Bond during this subscription period shall be Rs. 3,214– per gram with the Settlement Date of January 22, 2019  Posted On: 12 JAN 2019 In terms of the… Read More »

Cabinet Committee on Economic Affairs (CCEA) Cabinet allows inclusion of merchant exporters under Interest Equalisation Scheme (1ES) for Pre and Post Shipment Rupee Export Credit Posted On: 02 JAN 2019 The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of the Department of… Read More »

Ministry of Finance Sale of Electoral Bonds at Authorized Branches of State Bank of India (SBI)with effect from 01.01.2019 to 10.01.2019. Posted On: 27 DEC 2018 5:45PM by PIB Delhi The State Bank of India (SBI), in the VII Phase of sale of Electoral Bonds, has been authorized to issue and encash Electoral Bonds through… Read More »

Legends used in bank account statement When we receive our bank account statement, we just briefly go through it and keep it aside or store it in one of our folders. A few of us check whether our names and the transactions made (debit or credit) are correctly or not. The bank statement includes a… Read More »

Ministry of Finance NPS Withdrawal Norms Posted On: 21 DEC 2018 8:09PM by PIB Delhi The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Keeping in view the possibility of sudden financial needs of the subscribers, the requirement of minimum period under National Pension… Read More »

National Financial Reporting Authority Rules 2018 GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 13th November’ 2018 G.S.R. -(E). ln exercise of the powers conferred under sub-sections (2) and (4)of section 32, sub-section(1) of section 139 and sub-section(1)of section 469 of the Companies Act,2013 (18of2013),the Central Government here by makes the following rules,… Read More »

Cabinet approves Laying down procedure and mechanism for sale of enemy shares The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the mechanism and procedure for sale of the enemy shares. Details are as follows:  ‘In principle’ approval has been accorded for sale of enemy shares under the Custody of Ministry of… Read More »

Govt. notifies interest rate for Small Savings Schemes on quarterly basis with the approval of the Union Finance Minister. The rate of interest for third quarter of Financial Year 2018-19 have been announced wherein Govt. has increased interest rate on various small savings schemes by upto 0.4%. Ministry of Finance Government announces the Revision of… Read More »

Do’s and Don’ts of ATM transactions Do’s Conduct your ATM transactions in complete privacy, never let anyone see you entering your Personal Identification Number (ATM Password) After completion of transaction ensure that welcome screen is displayed on ATM screen Ensure your current mobile number is registered with the bank so that you can get alerts… Read More »

Common Application Form for registration of Foreign Portfolio Investor (FPI) with SEBI, Know Your Customer (KYC) for opening Bank and Demat Account and application for Permanent Account Number (PAN) by Foreign Portfolio Investors (FPIs) in India. MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 21st August, 2018 F.No. 4/15/2016-ECB.—The Central Government hereby… Read More »

National Pension System What is National Pension System? National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to Citizens of India. It brings an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based return. The Scheme is regulated… Read More »