Category Archives: Finance

ICICI Bank Revised FDR Interest Rate w.e.f 28.12.2016

By | December 29, 2016

ICICI Bank FDR Interest Rate The spree of reduction in interest rates on term deposits continued, with ICICI Bank on Tuesday cutting rates on one- and two-year retail deposits by 10 basis points (bps) to 6.9% and 7%, respectively. The bank also slashed the rate on three-year deposits by 25 bps to 6.75%. ICICI Bank’s… Read More »

How to read your CIBIL Credit Information Report

By | December 28, 2016

How to read your CIBIL Credit Information Report Your CIBIL TransUnion Score & Credit Information report plays a critical role in the loan evaluation process. Learn more about us, how to interpret your credit information report and tips to improve Credit Score. Higher the Credit Score, higher are the chances for a loan approval! (… Read More »

Government to issue 5thTranche of Sovereign Gold Bonds from 1st sept to 9th sept

By | August 31, 2016

Government to issue Fifth Tranche of Sovereign Gold Bonds: Applications for the Bonds will be accepted from 1st September to 9th September, 2016 and Bonds will be issued on 23rd September,2016.  The Government of India, in consultation with the Reserve Bank of India (RBI), has decided to issue 5th Tranche of Sovereign Gold Bonds. Applications… Read More »

New Pension Scheme and Post-Retirement Medical Schemes for Employees of Food Corporation of India

By | August 11, 2016

Cabinet approves introduction of Pension and Post-Retirement Medical Schemes as part of superannuation benefits for Employees of Food Corporation of India The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of Pension and Post-Retirement Medical Schemes as part of superannuation benefits for Employees of Food Corporation of… Read More »

Sections 188 to 194 of Insolvency and Bankruptcy Code 2016 Comes into force w.e.f 5.08.2016.

By | August 8, 2016

Insolvency and Bankruptcy Code 2016 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th August, 2016 S.O.2618(E).—In exercise of the powers conferred by the proviso to sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints the 5th of August, 2016 as the date on… Read More »

Rs 919 Crores collected under Sovereign Gold Bond Scheme -4th tranche

By | July 30, 2016

Collections under Sovereign Gold Bond Scheme Reach a New High. The amount realised through the 4th tranche, at around Rs 919 Crores, is the highest achieved as yet In pursuance of the announcement in Union Budget 2015-16, Sovereign Gold Bond (SGB) scheme was launched as an alternative to physical gold in Nov 2015. The aim… Read More »

START-UP INDIA-Coverage and Eligibility

By | July 20, 2016

START-UP INDIA-Coverage and Eligibility             Till date 728 applications have been received in the Startup India portal. Out of them, 180 applications are complete and have been recognized as startups by Department of Industrial Policy and Promotion (DIPP). Only 16 applicants are incorporated after 1.04.2016 and are thus eligible for consideration for tax benefits,… Read More »