February 18, 2016 - India ITR

Online Subscriber Registration and contribution under NPS using eNPS platform

Investment and Savings, NPSBy Himanshi February 18, 2016

In light of Prime Minister’s “Digital India” campaign on promoting e-governance for providing last mile connectivity through extensive use of ICT (Information and Communications Technology) platforms, Pension Fund Regulatory and Development Authority (PFRDA) has been pursuing the development and operationalization of online transaction facilities for the prospective as well as existing subscribers of NPS.PFRDA introduced…

Buyback of WPI-Linked Inflation Indexed Bond

Govt. Schemes, Investment and SavingsBy Himanshi February 18, 2016

The Government of India has announced the repurchase of “1.44 per cent Inflation Indexed Government Stock-2023” through reverse auction for an aggregate amount of Rs. 3,990.72 crore (face value). The repurchase by the Government of India will be undertaken to redeem the Government Stocks prematurely by utilizing surplus cash balances. The above repurchase of the…

Repurchase of Government Stocks

RBI Notifications/ Circulars/ Press ReleaseBy Himanshi February 18, 2016

GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division) New Delhi, the February 17, 2016. NOTIFICATION Repurchase of Government Stocks F. No.4(5)-W&M/2015: The Government of India hereby notifies repurchase of (i) 7.59 per cent Government Stock 2016, (ii) 10.71 per cent Government Stock 2016, and (iii) 7.02 per cent Government Stock 2016 (herein after called…