Amendment in the existing Atal Pension Yojana The Government has made following amendment in the existing Atal Pension Yojana (APY) vide Government Notification F. No. 16//1/2015 PR dated 22nd March, 2016. Option to the spouse of the subscriber to continue contribution to APY on death of subscriber before the age of 60 years: “If the… Read More »
RBI/2015-16/388 DNBR.CO.PD.No.080/03.10.01/2015-16 April 28, 2016 All Standalone Primary Dealers Madam/ Sir, Risk Weight in respect of investments in Corporate Bonds by Standalone Primary Dealers (SPDs) In terms of the Capital Adequacy Standards and Risk Management Guidelines for SPDs, risk weight of 100% has been stipulated in respect of investments in corporate bonds, for the purpose… Read More »
REPORT OF THE COMMITTEE ON REVISITING AND REVITALISING PUBLIC PRIVATE PARTNERSHIP MODEL OF INFRASTRUCTURE Nov 2015 by Department of Economic Affairs Ministry of Finance Public Private Partnerships (PPPs) in infrastructure refer to the provision of a public asset and service by a private partner who has been conceded the right (the “Concession”) for the purpose, for… Read More »
Investments by Foreign Countries Due to the continuous reforms and initiatives being undertaken by the Government the FDI equity inflow has recorded a growth of 44% in its 21 months tenure (June 2014 to February 2016) from US$ 43.87 billion to US$ 63.16 billion over the preceding period of 21 months (September, 2012… Read More »
Railways Decides to Withdraw the Levy of Port Congestion Surcharge Key benefits of withdrawal of Port Congestion Surcharge :- The Decision is One of the Significant Steps in the Direction of Rationalization of Freight Rate Structure Initiated by the Railways Indian Railways is moving ahead with big bang reforms as announced in the Railway Budget. In… Read More »
7 VITAL POINTS ON NIDHI COMPANY REGISTRATION (NIDHI LTD) By CA Paras Mehra Many people in India do the business of finance without being registered anywhere, due to this, they have to either close down their business or face the penal consequence of law. The main reason behind being unregistered is the cost and time… Read More »
Interest rates for NSSF loan to Centre and States for FY 2016-17 revised and fixed at 8.8% in place of 9.5%. In line with the revision of interest rates of small savings schemes, interest rates for the National Small Savings Fund (NSSF) loan to Centre and States for FY 2016-17 has been revised and fixed… Read More »
As a measure towards improving the ease of doing business, procedure for Establishment of Branch Office (BO)/Liaison Office (LO)/Project Offices (PO) in India by Foreign entities simplified As a measure towards improving the ease of doing business, it has now been decided that except for a few sectors viz. Defence, Telecom, Private Security, Information and… Read More »
Startup 1.For Startups What qualifies as a “ Startup ” for the purpose of Government schemes? An entity (Private Limited Company or Registered Partnership Firm or Limited Liability Partnership) shall be considered a “Startup” – a) Upto 5 years from the date of its incorporation/ registration, and b) If its turnover for any of the… Read More »
RBI/2015-16/355 REF.No.MPD.BC.380 /07.01.279/2015-16 Chaitra 16, 1938 (Sake) April 5, 2016 To All Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Primary Dealers Please refer to the First Bi-monthly Monetary Policy statement 2016-17 by Dr. Raghuram G Rajan, Governor dated April 5, 2016, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF)… Read More »