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Insurance companies can now invest in AIF-IRDA

Insurance Regulatory and Development Authority (IRDA) permits insurance companies to invest in Category I & Category II Alternative Investment Funds (AIF) related to infrastructure and SME sectors. By a Circular dated March 18, 2013, insurers are permitted to invest in Category I & II AIFs under the extant SEBI Regulations.

The permitted Funds in Category I are Infrastructure Fund, SME Fund

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INDIA SIGNS AGREEMENT WITH WORLD BANK FOR LOW INCOME HOUSING FINANCE PROJECT

The Loan and Project Agreements for World Bank (IDA) assistance of US$100 million for Low Income Housing Finance Project were signed between Government of India/National Housing Bank(NHB)and the World Bank here on 14th August, 2013. The Loan Agreement was signed by Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf […]

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Delhiites tops on online consumption-ASSOCHAM survey

This festive season, there is a 65% more traffic on online retail websites and shopping on ground has taken a back seat. Apart from convenience, rising fuel price, security reasons, online discounts and availability with abundance of choice keeping them indoors, said Mr. D S Rawat, Secretary General ASSOCHAM(The Associated Chambers of Commerce and Industry […]

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ITR e-filing exceeds 1 crore

Number of e-filing made exceeds 1 crore (10321775 as on 31st July, 2013),even there is a mandatory requirement to e-filing of individuals whose total income exceeds Rs 5,00,000, total number of e-filings lags behind as compared with the financial year 2012-2013(21486807). When it comes to e-filing through ITR-1(salaried individuals), there is also a drop down […]

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