Category Archives: Finance

Economic Survey 2017-18 : Highlights

By | January 30, 2018

Ministry of Finance Finance Minister Present Economic Survey 2017-18 in Parliament Real GDP Growth to Clock 6.75 Percent this Fiscal Economic Survey Predicts 7-7.5 Percent Growth in 2018-19 Employment, Education & Agruiculture To Be The Focus Areas In Medium Term, Says Survey Posted On: 29 JAN 2018 1:41PM by PIB Delhi A series of major… Read More »

7.75% Savings (Taxable) Bonds Launched by Govt of India : Should you Buy ?

By | January 5, 2018

7.75% Savings (Taxable) Bonds Ministry of Finance GOI announces launch of 7.75% Savings (Taxable) Bonds, 2018 commencing from 10th January 2018 Posted On: 04 JAN 2018 10:08AM by PIB Delhi Government of India has announced to launch of 7.75% Savings (Taxable) Bonds, 2018 commencing from 10th January 2018 to enable resident citizens/HUF to invest in a taxable… Read More »

Subsidizing MDR charges on Debit Cards/BHIM UPI/AePS : Notification

By | January 4, 2018

Waiver of charges on Debit Cards/BHIM UPI/AePS transactions up to Rs 2000/-. Bank’s Statutory Auditor to certify claim, volume & value of such transactions MINISTRY OF ELECTRONICS AND INFORMATION TECHNOLOGY NOTIFICATION New Delhi, the 27th December, 2017 Subject : Subsidizing MDR charges on Debit Cards/BHIM UPI/AePS transactions of value less than or equal to Rs. 2000/-. No.… Read More »

Be aware of Virtual Currencies and Bitcoin : Indian Govt Advisory

By | December 30, 2017

Ministry of Finance Government Cautions People Against Risks in Investing in Virtual ‘Currencies’; Says VCs are like Ponzi Schemes Posted On: 29 DEC 2017 9:55AM by PIB Delhi The Ministry of Finance has issued the following statement today on Virtual ‘Currencies’. “There has been a phenomenal increase in recent times in the price of Virtual… Read More »

Sovereign Gold Bond Scheme 2017-18 Issue Price 

By | December 16, 2017

Sovereign Gold Bond Scheme 2017-18 Issue Price  Government of India, in consultation with the Reserve Bank of India, had floated Series III of Sovereign Gold Bonds 2017-18, for a period from October 09, 2017 to December 27, 2017 (with subscription period Monday to Wednesday every week). The Bonds will be issued on the succeeding Monday… Read More »

Govt to bear digital transaction Charges of debit card/BHIM UPI/AePS transactions

By | December 16, 2017

Cabinet approves subsidizing MDR charges on debit card/BHIM UPI/AePS transactions of value less than Rs.2000  The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved that the Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ Aadhaar enabled Payment System (AePS) transactions upto and including a value of Rs. 2000 will be… Read More »