Tag: finance
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Unlisted companies can opt for overseas listing-says Ministry of Finance
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…
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Let out your house property-get exemption from Wealth Tax
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…
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Will AADHAR linked subsidy benefit banks?
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…
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RBI not to convert idle gold into Bullion-RBI clarifies
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…
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How to become an Investment Adviser
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…
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Reverse Mortgage-?
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…
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What to do when you receiving fictitious money offerings from abroad
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…
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Infra reeling with 20% shortage of skilled manpower-ASSOCHAM
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…
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Govt set up Tax Administration Reform Commission (TARC)
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,
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Portability of NPS Lite/Swavalamban to NPS-ALL Citizen Model
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…