Tag: RBI
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RBI Governor’s and their tenure
Few personalities are so close yet so distant to India’s populace as the Governor of the Reserve Bank and few evocative of his awe and mystique: close, because virtually every individual, be he ever so poor or so rich, carries on his person……
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Dr Raghuram Rajan-23rd RBI Governor
Dr. Raghuram Rajan assumed charge as the 23rd Governor of the Reserve Bank of India on September 4, 2013. Prior to this, he was the Chief Economic Advisor, Ministry of Finance, Government of India and the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago’s Booth School. Between 2003 and 2006,…
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What is major source of Tax Revenue
As tax collection increased during April-November of the Financial Year 2013-14, corporate tax contribute a major share to gross direct tax collection. Even during the period of sluggish market gross corporate tax collection amounts to Rs…..
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Inflation Indexed Bonds-What,When,How?
Inflation Indexed Bonds Inflation Indexed Bonds are issued to hedge against Inflation. Inflation Indexed Bonds are issued in place of Capital Indexed Bonds issued during 1997, which provides inflation protection only to the principal amount ant not to interest payment. On the other hand Inflation Indexed Bonds provide inflation protection to both principal and interest…
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Videocon OUT KC Land and Finance In
Videocon out KC land and finance In Out of 26 applicants applied for banking license Videocon has been withdrawn their application and on that place KC land and finance is placed KC land and finance, a hand of KC group which is recognized in the field of education and hospitality, is looking eagerly for the…
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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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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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Complain to Local Police/Cyber Crime Authorities against Fictitious Offers
Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad The Reserve Bank of India advised members of public to immediately register a complaint with the local police/cyber crime authorities when they receive fictitious offers of money from abroad or if they are victims of such offers. The Reserve Bank has, on…
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RBI appeals to pay Income Tax in advance
The Reserve Bank of India has appealed to public to avoid last minute rush and remit their Income-tax dues sufficiently in advance of the due date of September 30, 2013. It has also urged the assessees to take advantage of paying taxes at select branches of accredited agency banks which have been authorised to accept…
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What to do if you have complaint against Insurance Company
You may fell often that you are being cheated by the insurance company, or you are not happy with the quality of service then, you can make complaint against insurance company.If you are unhappy with your insurance company .Approach the Grievance Redressal Officer of its branch or any other office that you deal with. Give…