Source : Securities and Exchange Board of India 03.12.2015 Concept paper for issuance of Green Bonds 1. Background A green bond is like any other bond where a debt instrument is issued by an entity for raising funds from investors. However what differentiates a Green bond from other bonds is that the proceeds of a… Read More »
Ministry of Finance of Govt of India on 26-November, 2015 Government extends RuPay Card usage condition to 90 days for a claim under an inbuilt accident insurance cover in case of RuPay Classic cardholders with effect from 25th November 2015; As on 20.11.2015, out of 697 claims lodged under Accidental Insurance under RuPay Debit Card… Read More »
1. What is retirement planning and how to ensure an independent life even when one retires from active work life? Retirement planning involves disciplined saving, vigilant investment to build a sufficient retirement corpus and its judicious drawdown in the post-retirement phase. This is achieved by joining a pension/retirement plan at an early stage in one’s life… Read More »
Public Provident Fund Account From 1.4.2014, interest rates are as follows:- 8.70% per annum (compounded yearly). Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year. Deposits can be made in lump-sum or in 12 installments. An individual can open account with INR 100/- but has to deposit minimum of INR 500/- in a financial… Read More »
Monthly Income Scheme (MIS) Account •From 1.4.2014, interest rates are as follows:- 8.40% per annum payable monthly. In multiples of INR 1500/- • Maximum investment limit is INR 4.5 lakhs in single account and INR 9 lakhs in joint account. • An individual can invest maximum INR 4.5 lakh in MIS (including his share in… Read More »
Ministry of Micro,Small & Medium Enterprises of Govt of India on 16-November, 2015 Revised provisions for procurement from MSEs Government of India has introduced a Public Procurement Policy for Micro and Small Enterprises (MSEs) Order, 2012 which is notified under MSMED Act 2006. Under the Policy every Central Government Ministries, Departments and Public Sector Undertakings… Read More »
Department of Industrial Policy and Promotion Ministry of Commerce and Industry Government of India Consolidated FDI Policy (Effective from May 12, 2015)
PRESS NOTE Department of Industrial Policy and Promotion of Govt of India Subject: Review of Foreign Direct Investment (FDI) policy on various sectors Today, India is the fastest growing economy among major Nations. The World Bank has improved India’s ranking by 12 places in the 2016 Study of Ease of Doing Business. FDI has gone… Read More »
MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (Department of Food and Public Distribution) NOTIFICATION New Delhi, the 9th November, 2015 G.S.R..847(E).—In exercise of the powers conferred by sub-section (2) of section 4 read with sub-section (2) of section 9 of the Sugar Development Fund Act, 1982 (4 of 1982), the Central Government hereby makes the… Read More »
It is always advisable to have a thorough meeting with the owner or the title holder of the property. Sometimes it happens that the original owners is already died and the property is being purchased or sold through middlemen. Following is the tentative list of Legal documents :- 1. The property card or title certificate. 2.… Read More »