Tag: finance
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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…
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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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Gift articles,books and electronic gadgets-hot cakes in e-shopping
Gift articles,books and electronic gadgets are the most selling goods via online. In a recent survey covering around 5,000 shoppers around major cities states that sales are in a boost during festival season, like Raksha Bandhan, Diwali, etc… Most products bought & sold off through online comprise Gift articles (58%), books (42%), electronic gadgets (41%),…
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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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Top 10 Most Valuable Global Bank Brands
A benchmarking study of the strength, risk and future potential of a brand relative to its competitor set as well as a brand value and a summary measure of the financial strength of the brand.
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Customs duty on gold, silver and platinum raised
As a part of measures towards containing the current account deficit, the customs duty on gold and platinum has been increased from 8% to 10% and on silver from 6% to 10%. Consequential adjustments in customs duties are being made on gold ore / concentrate, gold dore bar and silver dore bar. Thus, additional duty…
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RuPay-a milestone in e-commerce
National Payment Corporation of India (NCPI) promoted by Reserve Bank of India and some other member banks, which aim is to operate for the benefit of all the member banks and their customers, has launched RuPay, a new card payment scheme. The RuPay card is introduced by NPCI in order to tap into the tremendous…
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DR. RAGHURAM RAJAN new GOVERNOR of RESERVE BANK OF INDIA
DR. RAGHURAM RAJAN has been appointed as Governor of Reserve Bank of India (RBI) for a term of three years. Currently Dr. Raghuram Rajan is acting as Chief Economic Adviser, Ministry of Finance. Dr. Raghuram Rajan is appointed in the place of retiring Governor Dr. D Subba Rao upon completion of his tenure. Dr. Raghuram…
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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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Find out-Mutual funds specified u/s 10(23D)
Income arising from Mutual Funds set up by any public sector bank or public financial institution – notified u/s 10(23D) is exempted. SBI Mutual Fund, CANBANK Mutual Fund, LIC Mutual Fund, The India Magnum Fund N.V. Mutual Fund, Indian Bank Mutual Fund, PNB Mutual Fund, BOI Mutual Fund, Asian Convertibles and Income Fund Mutual Fund,…