Facts of the case The Transport Department of Karnataka through a competitive bidding process invited proposals from interested parties for supply, installation and maintenance of computer systems, supply and printing of smart cards, provision of data entry services and to carry out other activities incidental thereto.The proposal submitted by the assessee was accepted by the… Read More »
Date : Nov 24, 2015 RBI grants “in-principle” approval to three applicants for setting up Trade Receivables Discounting System (TReDS) In the Union Budget for 2015-16 the Honourable Union Finance Minister had highlighted the need for and use of TReDS for improving flow of funds to MSME sector by reducing the receivables realisation cycles. TReDS… Read More »
RBI grants ‘in-principle’ approval to NPCI to function as the central unit for Bharat Bill Payment Systems (BBPS) Date : Nov 24, 2015 The Reserve Bank of India has today decided to grant ‘in principle’ approval to the National Payments Corporation of India (NPCI) to function as the Bharat Bill Payment Central Unit (BBPCU) in… Read More »
RBI/2015-16/245 IDMD.CDD.No. 1157/14.04.050/2015-16 November 24, 2015 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Sovereign Gold Bonds, 2015-16 A reference is invited to circular IDMD.CDD.No. 939/14.04.050/2015-16 dated October 30, 2015 on Sovereign Gold Bond scheme. 2. It has been decided to shift the issue date of the Sovereign Gold Bond… Read More »
Travel insurance What is Travel Insurance Policy ? Travel Insurance offers insurance protection while you travel. Travel Insurance may be called by different names by insurance companies. It is important for you to check and understand whether the policy covers domestic travel or overseas travel or both. Travel Insurance protects you and/or family against travel… Read More »
How trading takes place and what is the process of trading? The normal course of online trading in the Indian market context is placed below: Step 1. Investor / trader decides to trade Step 2. Places order with a broker to buy / sell the required quantity of respective securities Step 3. Best priced order… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] Insurance Regulatory and Development Authority of India NOTIFICATION Hyderabad, the 13th November, 2015 Insurance Regulatory Development Authority of India (Other Forms of Capital) Regulations, 2015 F. No. IRDAI/Reg/20/110/2015- In exercise of the powers conferred by Section 6A (1) (i) and Section 114A (2) (db) of the… Read More »
Insurance Regulatory and Development Authority of India Ref:IRDA/INT/CIR/ORD/208/11/2015 Date:20-11-2015 Guidelines on Indian Owned and Controlled for Insurance Intermediaries As you are aware, the Insurance Laws(Amendment) Act, 2015 provides for “Indian Owned and Controlled” requirement for an Indian Insurance Company. The amended Act also provided for increase in the foreign investment cap in the Indian Insurance Companies… Read More »
FREQUENTLY ASKED QUESTIONS ON SEBI (SHARE BASED EMPLOYEE BENEFITS) REGULATIONS, 2014 1. In terms of proviso to regulation 3(12) of the SEBI (Share Based Employee Benefits) Regulations, 2014, the un-appropriated inventory of shares which is not backed by grants but has been acquired through secondary acquisition by the trust has to be sold on the… Read More »
RBI/2015-16/38 DCM (NE) No. G – 2/08.07.18/2015-16 July 01, 2015 The Chairman and Managing Director / The Chief Executive Officer All Banks Madam / Dear Sir Master Circular – Facility for Exchange of Notes and Coins Please refer to the Master Circular DCM (NE) No. G-3 /08.07.18/2014-15 dated July 01, 2014 containing instructions on the… Read More »