Category Archives: Finance

Sovereign Gold Bond Scheme 2019-20 Series-I – Issue Price

By | June 1, 2019

Date : May 31, 2019 In terms of GoI notification F.No.4(7)-B(W&M)/2019 and RBI circular IDMD.CDD.No.3392/14.04.050/2018-19 dated May 30, 2019, the Sovereign Gold Bond Scheme 2019-20 – Series I will be opened for subscription for the period from June 03 – June 07, 2019. The nominal value of the bond based on the simple average closing price [published by the… Read More »

Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV

By | June 1, 2019

Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV RBI/2018-19/192IDMD.CDD.No.3392/14.04.050/2018-19 May 30, 2019 The Chairman & Managing Director All Scheduled Commercial Banks,(Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd. (SHCIL)National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV Government of India has vide its… Read More »

Sovereign Gold Bond Scheme 2019-20 – Series I/II/III/IV – Operational Guidelines

By | June 1, 2019

RBI/2018-19/193IDMD.CDD.No.3391/14.04.050/2018-19 May 30, 2019 The Chairman & Managing DirectorAll Scheduled Commercial Banks(Excluding RRBs)Designated Post OfficesStock Holding Corporation of India ltd.(SHCIL)National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme 2019-20 – Series I/II/III/IV – Operational Guidelines This has reference to the GoI notification F.No.4(7)-W&M/2019 dated May 30, 2019 and RBI circular… Read More »

Smt. Nirmala Sitharaman takes charge as Union Minister of Finance & Corporate Affairs

By | May 31, 2019

Posted On: 31 MAY 2019 Smt. Nirmala Sitharaman assumed charge as the Union Minister of Finance & Corporate Affairs of India here on 31st may 2019.  She was greeted at the office in North Block by Minister of State for Finance & Corporate Affairs designate, Shri Anurag Singh Thakur, Finance Secretary Shri Subhash Chandra Garg… Read More »

NBFCs to appoint Chief Risk Officer (CRO) : RBI

By | May 16, 2019

Risk Management System – Appointment of Chief Risk Officer (CRO) for NBFCs RBI/2018-19/184DNBR (PD) CC. No.099/03.10.001/2018-19 May 16, 2019 Non-Banking Financial Company– Investment and Credit Companies, Infrastructure Finance Companies, Micro Finance Institutions, Factors and Infrastructure Debt Funds Madam / Dear Sir, Risk Management System – Appointment of Chief Risk Officer (CRO) for NBFCs With the increasing… Read More »

FAQ on The Banning of Unregulated Deposit Schemes Ordinance 2019 by ICAI

By | May 15, 2019

FAQ on The Banning of Unregulated Deposit Schemes Ordinance 2019 India, has in the recent times witnessed a glut of financial frauds in forms of ponzi schemes, chit fund scams etc. In order to deter the illegal operators from running such deposit schemes luring deposits, and to regulate them, the government brought in the ‘Banning… Read More »

PM SYM – Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM)

By | March 26, 2019

Government of India has introduced a pension scheme for unorganised workers namely Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) to ensure old age protection for Unorganised Workers. The unorganised workers mostly engaged as home based workers, street vendors, mid-day meal workers, head loaders, brick kiln workers, cobblers, rag pickers, domestic workers, washer men, rickshaw pullers, landless labourers, own… Read More »

Banning of Unregulated Deposits : All you wants to Know !

By | March 13, 2019

Banning of Unregulated Deposits Ordinance 2019 Govt of India has notified Banning of Unregulated Deposit Schemes Ordinance 2019 . ( Download here ) in Official Gazette on 21.02.2019 . The Ordinance define “Deposit Taker” and “Deposit” comprehensively; Meaning of unregulated deposit   “Unregulated Deposit Scheme” means a Scheme or an arrangement under which deposits are accepted or… Read More »