Unlisted companies can opt for overseas listing Ministry of Finance has allowed unlisted companies which are incorporated In India to opt for listing abroad and to raise funds without the requirement of prior listing in India. The scheme is allowed for an initial period of two years on a pilot basis. The approval to […]Continue reading
Let out your house property to get exemption from wealth tax There has been several instances where peoples having two or more residential houses unoccupied. In such cases they may have to pay wealth tax on such property too even it is not utilized. Wealth tax is charged on the net wealth of a person […]Continue reading
Direct Benefit Transfer of LPG (DBTL) scheme, which is AADHAR linked LPG subsidy given disbursed through banks. Under the (DBTL) an LPG consumer will get his/her cylinder at full market price and the differential between subsidized price and full market price i.e. the subsidy will be transferred to his/her bank account. Under this scheme, all LPG consumers will start receiving their LPG cylinders at full market price and will get their subsidy directly in their bank accounts up to a capped limit(9 cylinders in a year)of LPG cylinder. All Aadhaar linked LPG consumers will get an advance of Rs 435 in their bank account as soon as they book their first subsidized cylinder.
How it benefits banks?
Disbursing subsidy directly through bank accounts will increase the credit amount of customers which will in turn result in a boost in deposit quantityContinue reading
There has been news spreading that RBI is going to convert gold into bullion to support Rupee from its falling. RBI by a recent press release denied such news which reads as follows; “There have been some news stories in the media in the last couple of days about the Reserve Bank of India discussing/considering […]Continue reading
Investment adviser means any person, who for consideration, is engaged in the business of providing investment advice to clients or other persons or group of persons.
By virtue of (INVESTMENT ADVISERS) REGULATIONS, 2013 SEBI has made registration compulsorily to act as investment advisor. It is a step towards Investor protection. It aims to prohibit unqualified and inexperienced persons/entities from providing investment advises , which results in loss to investors. Recently, SEBI has suspended several persons who have been acting as investment advisors without seeking registration under SEBI. By the newly implemented regulations SEBI, clarified qualifications required to get registered as investment advisors and exempted certain group of persons/entities from registration ..Continue reading
Reverse mortgage means a mortgage on which the borrower need not have to repay the loan amount (principal and interest) taken against a residential house property of a senior citizen. Reverse mortgage was introduced to address the financial needs of senior citizens owning residential house property. It enables them to receive a regular income on fixed installments like pension. The home ownerContinue reading
You may have received e-mails about lottery winning, money circulation schemes, other fictitious offers of cheap funds, etc. most of the e-mails are related with lottery winning of a huge amount or an expensive car and if you reply to such e-mail you may be requested to send a certain per cent of winning amount […]Continue reading
In a study conducted by “The Associated Chambers of Commerce and Industry of India” (ASSOCHAM) finds that our infrastructure industry is facing a significant 20 per cent dearth of project managers leading to project delays and cost overruns. Study titled ‘Road Sector Role in Futuristic Development of India, revealed that “India is currently facing an annual paucity of over 10 lakh project managers..Continue reading
TAARC functions to review the existing mechanism and recommend appropriate organizational structure for tax governance with special reference to deployment of workforce commensurate with functional requirements, capacity building,vigilance administration, responsibility and accountability of human resources, key performance indicators, assessment, grading and promotion systems,Continue reading
Portability of NPS Lite/Swavalamban Accounts to NPS-ALL Citizen Model (UOS) and other sectors Pension Fund Regulatory and Development Authority (PFRDA) which is responsible for maintaining retirement funds, has approved shifting/porting of NPS/Lite/Swavalamban Permanent Retirement Accounts (PRAN) to NPS- All Citizen model and other sectors through an Inter platform shift process Approval has been given in […]Continue reading