Issue opens on 24th Feb-16, closure on 1st March 2016 or earlier NHAI plans to raise funds through Public Issue of Tax Free, Secured, Redeemable Non-Convertible Bonds with Face Value of Rs 1,000 each for an amount of Rs 500 crore with an option to retain over subscription of upto additional Rs 2800 crore, aggregating…
With effect from 10 February 2016, amendment has been made to the Provident Fund Scheme placing following restrictions on the Provident Fund withdrawal: 1. An employee may claim withdrawal of the full balance on retirement after attaining the age of 58 years. 2. An employee may claim early withdrawal of the partial balance (consisting of…
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…
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…
he Employees’ Provident Fund Organisation (EPFO) on Tuesday announced a higher interest rate of 8.8 per cent for this fiscal (2015-16), marginally up from 8.75 per cent in the previous fiscal (2014-15). Nearly 5 crore subscribers regularly contribute to the retirement fund. Union Labour Minister Bandaru Dattatreya said the hike is an ‘interim one’ and…
Interest rate on savings schemes based on laudable Social Development or Social Security Goals including Sukanya Samriddhi Yojana, the Senior Citizen Savings Scheme and the Monthly Income Scheme left untouched by the Government. The National Savings Schemes (NSSs) regulated by the Ministry of Finance offer complete security of investment combined with high attractive returns.…
Applications for the bonds to be accepted from 18th January to 22nd January, 2016; Bonds to be issued on February 8, 2016 and will be sold through banks, Stock Holding Corporation of India Limited (SHCIL) and designated post offices.The Government of India, in consultation with the Reserve Bank of India, has decided to issue second…
The Government of India hereby notifies repurchase of “1.44 per cent Inflation Indexed Government Stock-2023” (hereinafter called the Government Stocks). Mode of Repurchase 2. The repurchase of the Government Stocks will be undertaken through reverse auction by the Government of India and in one or more tranches by multiple price auction method. The date of…
In light of the 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 Development Authority (PFRDA) has been pursuing the development and operationalization of online transaction facilities for the prospective as well as existing subscribers of NPS. Towards…
The Negotiable Instruments (Amendment) Bill, 2015 was passed by the Parliament in the recently concluded Winter Session of the Parliament. The Negotiable Instruments (Amendment) Act, 2015 received the assent of the President on the 26th December, 2015 and has been published in the Gazette of India, Extraordinary on 29th December, 2015. The provisions of the…